Exports in June dropped 22 per cent to $32.97 billion, mainly due to demand slowdown in the global markets from $42.28 bn a year earlier.
The benchmark Nifty index touched 20,000 on September 11, 2023 and 21,000 on December 8, 2023. Nifty index returned 20 per cent returns in 2023 and closed at 21,731 in 2023. India’s market capitalisation crossed $4 trillion in December 2023.
Speaking at the 112th AGM of the company, ITC chairman Sanjiv Puri said the FMCG brands are being exported to several countries and the business vertical has immense growth potential due to the rising per capita income of the people.
Although India does not have any MAX 9 jets in service, safety regulator Directorate General of Civil Aviation (DGCA) mandated a one-time inspection of emergency exits on all their MAX 8 aircraft.
Spot gold was down 0.1% at $1,897.91 per ounce by 0700 GMT, after hitting its lowest level since Aug. 22 earlier in the session. U.S. gold futures eased 0.2% to $1,915.90.
US bond yields rise ahead of inflation data, triggers fears of delayed Fed rate cuts
At present, over 40 Boeing 737 MAX-8 planes are in operation across these three carriers in India, while there are no 737 MAX-9 aircraft in the fleet of any Indian airline.
European markets were trading mostly in the green.
“It was a transitory kind of note to fill in the value which was lost in demonetisation,” said Sudhakar Kaza, former managing director of Bharatiya Reserve Bank Note Mudran Private Ltd, the division of RBI which prints banknotes.
It is expected that the agriculture budget for 2024-25 addresses multiple pain-points of the sector simultaneously.