While the pace of mobilization of funds through equity-oriented mutual fund schemes in the first seven months of 2023 has been steady, redemption from equity-oriented schemes has increased in the April-July period.
Total sales of HUL at Rs 14,931 crore grew by 7 per cent during the quarter as against Rs 14,016 crore a year ago
He said the current account deficit (CAD) is expected to be modest and comfortably financed. A look at what he said on a range of issues:
This will be the first instance of exchange trading of natural gas in its liquefied or super-cooled form.
Moody’s Investors Service has affirmed India’s long-term local and foreign-currency sovereign ratings and retained the outlook at stable, it said in a statement on Friday.
India’s total Russian oil imports fell 23.4 per cent month-on-month in August to 1.47 million barrels per day (bpd). Barring January, when cumulative Russian oil imports of Indian refiners stood at 1.27 million bpd, August volumes were the lowest this year.
Amidst a downward revision of the medium-term growth potential for 10 emerging economies, the Fitch report says that India’s labour productivity forecast is higher.
Akasa Air on Tuesday said it has added the 20th aircraft to its fleet that also makes the airline eligible to start international operations.
Overall goods exports have been on the decline for the better part of the ongoing financial year due to demand slowdown in the west – a key consumer of Indian textile and gems and jewellery exports. Property crisis in China has also resulted in slowing of Indian exports.
Kotak Mahindra Bank was the top gainer across the key indices today after the private sector lender said that the Reserve Bank of India has approved the bank’s acquisition of Sonata.