India is set to add 25.4 lakh tonnes of annual urea production capacity with two new fertiliser plants expected to begin operations shortly, a move the government says will strengthen domestic availability and reduce reliance on imports, PTI reported.The announcement comes as India continues efforts to boost fertiliser self-sufficiency while shielding farmers from global supply…
Gold prices are expected to remain range-bound in the coming week as investors track major central bank meetings, developments in US-Iran negotiations and movements in crude oil prices, analysts told news agency PTI.Market participants will closely monitor policy decisions by the Bank of Japan, the US Federal Reserve and the Bank of England, along with…
Union Finance minister Nirmala Sitharaman on Sunday said movements in the rupee against the US dollar are influenced by a combination of global and domestic factors, stressing that the Reserve Bank of India intervenes only to contain excessive volatility and not to defend any specific exchange rate.Addressing reporters at Devanahalli near Bengaluru during an event…
Defending the credibility of India’s GDP statistics, Chief Economic Adviser V Anantha Nageswaran has said that the country does not use revisions in methodology or base years to artificially boost economic growth figures.In an interview with news agency ANI, Nageswaran responded to concerns raised by some economists over India’s GDP estimates, saying GDP measurement is…
Amazon is stepping up its India bet with fresh investments across ecommerce, quick commerce, artificial intelligence and exports, with the company describing the current period as its most aggressive phase of expansion in the country so far.The renewed push comes after Amazon announced plans to invest $35 billion in India by 2030, adding to the…
Inflation data, the US Federal Reserve’s interest rate decision and movements in crude oil prices will be the key triggers for Indian equity markets in the coming week, analysts said.Investors will also closely watch developments surrounding the proposed US-Iran agreement, foreign investor activity and trends in global markets for further direction.“On the domestic front, investors…
The combined market capitalisation of eight of India’s 10 most-valued companies rose by Rs 1.90 lakh crore last week, with ICICI Bank emerging as the biggest gainer as equities rallied, reported news agency PTI.The gains came during a strong week for the markets, with the BSE Sensex climbing 1,284.61 points, or 1.73%, while the NSE…
India remained the world’s second-largest buyer of Russian fossil fuels in May, importing Russian hydrocarbons worth an estimated 5.8 billion euros (USD 6.7 billion), as refiners stepped up purchases of discounted crude from Moscow, according to a report by the Centre for Research on Energy and Clean Air (CREA).Crude oil accounted for the bulk of…
India remained the world’s second-largest buyer of Russian fossil fuels in May, importing Russian hydrocarbons worth an estimated 5.8 billion euros (USD 6.7 billion), as refiners stepped up purchases of discounted crude from Moscow, according to a report by the Centre for Research on Energy and Clean Air (CREA).Crude oil accounted for the bulk of…
BRICS nations on Saturday adopted the “Indore Declaration”, committing to deeper cooperation in agriculture and launching a series of new initiatives, including a global forum on farmers’ seed rights, a digital agriculture network and a platform for agroecology and regenerative farming, PTI reported.The decisions were taken at the end of a five-day meeting of agriculture…