BUSINESS
India’s Line of Credit to Nepal crosses $ 1.65 bn mark
The government of India’s LOC portfolio is more than $30 billion and is spread across more than 60 partner countries, said a statement issued by the Embassy of India in Kathmandu.
FPIs sold stocks to the tune of Rs 7,543 cr in Aug
Strength in the dollar index and the US 10-year bond yield remaining well above 4 per cent is a short-term negative for FPI flows to emerging markets like India, he said.
Net direct tax collections stand at Rs 5.84 lakh crore, 17% higher than last fiscal
In a statement, the Finance Ministry said that the collections from direct taxes, which include personal income tax and corporate tax, up to August 10, 2023, continue to register "steady growth".
Net direct tax collections stand at Rs 5.84 lakh crore, 17% higher than last fiscal
The collections are 32.03 per cent of the total budget estimates of direct taxes for 2023-24
India's G20 presidency focussed on managing global debt vulnerabilities, says finance minister
Delivering the keynote address at a G20 finance track seminar, she said that India stands committed towards facilitating a secure and dynamic financial environment that benefits all countries and fosters inclusive growth.
Oil prices could go even higher if OPEC+ sticks to production cuts
In April, the Organization of the Petroleum Exporting Countries (OPEC) plus allies including Russia had pledged to slash output by more than 1.6 million barrels a day through the end of the year in a bid to lift falling oil prices, CNN reported.
Oil prices up in July by 16 per cent; highest since Jan 22
Silver and gold prices also rose by 8 per cent and 3 per cent, respectively.
IIP growth falls to 3.7% in June
According to data released by the Ministry of Statistics and Programme Implementation on Friday, in April, the IIP stood at 4.2 per cent.
Except for PSU bank and consumer durables, all sectors end in red
Nifty witnessed selling pressure for the second consecutive day to close with a loss of 115 points (-0.6 per cent) at 19,428, while Sensex fell 365.53 points (-0.56 per cent) to 65,322.65
Nifty down for third consecutive week
He said that on Wednesday, Nifty built on the weakness from the previous session.
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