scorecardresearch
Tuesday, October 1, 2024
HomeEconomy

Economy

India’s Britannia beats profit estimates on steady demand

BENGALURU/CHENNAI (Reuters) -Indian biscuit maker Britannia Industries beat estimates for fourth-quarter profit on Friday, aided by resilient demand from urban consumers. Consumer goods makers have

Rupee edges up 1 paisa against US dollar

Mumbai, May 3 (PTI) The rupee inched up 1 paisa to settle at 83.45 against the US dollar on Friday, tracking a weak American...

India, Nigeria to finalise Local Currency Settlement System Agreement soon

New Delhi , May 3 (ANI): India and Nigeria have agreed to an early conclusion of the Local Currency Settlement System Agreement to strengthen...

Asian Development Fund to be replenished with USD 5 bn : ADB Prez

Tbilisi (Georgia), May 3 (PTI) The Asian Development Fund (ADF) will be replenished with USD 5 billion to support most vulnerable sections in the...

Oil prices set for steepest weekly drop in three months

By Ahmad Ghaddar and Deep Kaushik Vakil LONDON (Reuters) -Oil prices steadied on Friday after weaker-than-expected U.S. jobs data, but kept on course for their steepest weekly loss in three months,

Robust Intellectual Property Rights environment needed for seed industry: Experts

New Delhi , May 3 (ANI): The seed industry in India is undergoing a significant transformation, propelled by innovation and technology. In a bid...

Yen set for sharp weekly gain, while dollar awaits US jobs data

NEW YORK (Reuters) - The dollar fell on Friday after data showed that U.S. employers added fewer jobs than expected in April, while wage inflation was also slightly cooler than expected. Employers

RBI directs banks to restrict capital market exposure

New Delhi , May 3 (ANI): The Reserve Bank of India (RBI) has issued directives to banks regarding their exposure to the capital markets,...

Dollar drops as employers add fewer jobs than expected in April

NEW YORK (Reuters) - The dollar fell on Friday after data showed that U.S. employers added fewer jobs than expected in April, while wage inflation was also slightly cooler than expected. Employers

Investors bet weaker U.S. payrolls spur more Fed rate cuts

By Huw Jones LONDON (Reuters) -Global shares rose on Friday as investors bet that news of slower-than-expected U.S. non-farm payrolls jobs growth would give the Federal Reserve more reason to cut

On Camera

You can’t ‘wish away’ China, India must balance economic & security considerations, says Sanjeev Sanyal

Sanyal, an economist & member of the Economic Advisory Council to PM, also suggests that if India is to import parts from China, why not allow Chinese companies to manufacture in India.

Compete, coexist, confront & contest: Army chief General Dwivedi says on dealing with China

Referring to current situation, General Upendra Dwivedi says it is stable but not normal; instead, sensitive. He adds the diplomatic side can only come up with certain options.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?