Business

September 13, 2023 4:31 PM

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Crude prices trade above 85 dollars per barrel in recent weeks

Supply cuts by oil-producing countries to keep crude prices elevated. Crude oil prices have gained momentum since July after Saudi Arabia, the world's largest producer of crude oil, slashed supply by an additional one million barrels per day. Crude prices are trading above 85 dollars per barrel...

September 13, 2023 2:20 PM

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India is the largest export partner of Bangladesh, says Government

The Government today said that India is the largest export partner of Bangladesh; more so than Japan and China. Speaking at exploring new trade routes, India's North East to the Bay of Bengal via Bangladesh Transit Agreement in Agartala, joint secretary (Bangladesh and Myanmar) in the ministry ...

September 13, 2023 7:57 AM

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Index of Industrial production jumps to five month high by 5.7% in July 2023

The index of industrial production jumped to five month high. As per the Ministry of Statistics and Programme Implementation data, IIP grew by 5.7 percent in July this year as compared to 3.7 percent in June 2023. It was 2.2 percent in July 2022. Manufacturing sector having 77 percent weightage in I...

September 12, 2023 8:35 PM

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Retail inflation based on CPI slips to 6.83% in August 2023

Retail inflation, based on Consumer Price Index (CPI), slipped to 6.83 percent in August this year. According to the Ministry of Statistics and Programme Implementation data released today, rural areas saw a slightly higher inflation rate at 7.02 percent compared to urban areas at 6.59 percent. CPI ...

September 11, 2023 9:20 PM

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G20 Summit: Nifty hits 20,000 mark first time ever

National Stock Exchange's (NSE) benchmark index, Nifty 50, hit the 20,000 mark for the first time today, on the following day of the G20 Summit. NSE’s Managing Director and Chief Executive Officer Ashishkumar Chauhan said it reflects the increasing trust the world has in the leadership of India...

September 8, 2023 9:14 PM

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RBI decides to discontinue Incremental Cash Reserve Ratio in a phased manner

RBI has decided to discontinue Incremental Cash Reserve Ratio which was put in place to absorb surplus liquidity following the withdrawal of 2,000 rupees currency notes, in a phased manner beginning tomorrow.   The Reserve Bank of India (RBI) today decided to discontinue the Incremental Ca...

September 7, 2023 5:22 PM

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Sensex gains 385 points, Nifty to settle at 19,727

The key domestic share indices witnessed gains of more than half a percent on 7th Sep 2023. The BSE Sensex closed above the 66,200 mark while the NSE Nifty finished above the 19,700 level. Both indices rose amid mixed global cues.   The Sensex gained 385 points, or 0.58 percent, to en...

September 6, 2023 6:35 PM

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US share indices close lower; Nasdaq Composite index falls 0.1%

The US share indices closed lower yesterday. The three major stocks declined as Treasury yields rose along with oil prices and investors assessed prospects for the Federal Reserve's interest rate path. The Nasdaq Composite index fell 0.1 percent, The Dow Jones Industrial Average slipped 0.2 per...

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