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NEW DELHI: Wholesale inflation rose to a 13-month high of 1.26% in April compared with 0.53% in the previous month, as food inflation went up further and fuel and power prices increased on a year-on-year basis after a gap of 11 months, according to data released on Tuesday. “The...
NEW DELHI: Improved demand in the European Union, West Asia and the US has boosted export order books by at least 10% from six months before, companies said, signalling a possible recovery from last year. Leather goods, footwear, and apparel are driving demand but engineering goods shipments for new...
MUMBAI: India’s smartphone shipment grew by 11.5 per cent in the first quarter of calendar year (CY) 2024 on a year-on-year basis to 34 million units. This is the third consecutive quarter of growth in shipments, International Data Corporation’s (IDC) Worldwide Quarterly Mobile Phone Tracker said. However, the firm...
NEW DELHI: Public sector banks’ cumulative profit crossed Rs 1.4 lakh crore in the financial year ended March 2024, recording a growth of 35 per cent over the previous year on a high base of Rs 1 lakh crore. The 12 Public Sector Banks (PSBs) together had earned a...
NEW DELHI: As summer arrives, India braces for the onslaught of heatwaves, despite having substantial heat action plans in place. A recent study by the World Weather Attribution group reveals significant gaps in preparedness, including underfunded plans, inadequate consideration of local contexts, insufficient targeting of vulnerable groups, and a...
NEW DELHI: Providing financial incentives, such as tax breaks, and subsidies, for companies that invest in sustainable technologies and practices can help accelerate the adoption of green manufacturing practices, experts say. They also said there is an increasing emphasis by businesses to ensure sustainable practices through their supply chains....
NEW DELHI: Nearly 64 per cent of Indian organisations surveyed were hit by ransomware attacks in 2023, a latest report by Sophos said on Tuesday, noting that while the attack rates fell year-on-year, the impact on victims actually intensified. The average ransom demand was USD 4.8 million, with 62...
NEW DELHI: India’s palm oil imports registered a 34.11 per cent jump on-year in April to 6,84,000 tonnes, buoyed by a fall in global prices, the Solvent Extractors’ Association of India (SEA) said on Tuesday. Palm oil accounted for 52 per cent of India’s total edible oil imports of...
NEW DELHI: Passenger vehicle wholesales in India rose to record levels in April driven by strong demand for utility vehicles, automobile industry body SIAM said on Tuesday. The overall passenger vehicle dispatches from companies to dealers rose 1.3 per cent year-on-year to record levels of 3,35,629 units in April,...
MUMBAI: Benchmark Sensex climbed 328 points while Nifty closed above the 22,200 level on Tuesday as stock markets continued the winning march for the third straight day on the back of gains in index major Reliance Industries and positive inflation data. Rising for the third day, BSE Sensex rose...
NEW DELHI: India is set to sign an agreement with Iran to manage Chabahar Port for the next 10 years. The move, in the midst of hectic election season, is regarded as a significant geopolitical outreach to Iran that will have major regional ramifications. ET has reliably learnt that...
MUMBAI: A brush with the harsh Black Money law can sometimes be an unwanted consequence of employee stock ownership plan (Esop) offered by overseas companies. A number of resident individuals working in Indian subsidiaries and arms of offshore parents have recently received notices from the income tax (I-T) department,...
NEW DELHI: Private sector capital expenditure is likely to see a gradual expansion amid expectations of high growth though geopolitical uncertainties and tepid consumption remain a concern, say economists. CII’s business confidence index touched a 12-quarter high in Q4FY24, with 51% of firms expecting capacity utilisation of 75% and...
NEW DELHI: The Asian Development Bank (ADB) will complete by August-September its study on the infrastructure required to meet the demand for movement of higher volumes of goods as the country aims to more than double its exports in the next six years. The study will pinpoint geographies and...
NEW DELHI: Large public sector companies have spent a little over Rs 50,200 crore towards capital expenditure in April FY25 alone, which is 6.46 per cent of their full fiscal target of Rs 7.77 lakh crore, an official said. The pace albeit is slower than Rs 54,177 crore capex...
NEW DELHI: Senior officials of India and the 10-nation bloc of Southeast Asian nations —ASEAN — will hold the next round of talks in July to review the existing free trade agreement in Jakarta, Indonesia, an official statement said on Sunday. The last round of the three-day negotiations concluded...
NEW DELHI: China has emerged as the largest trading partner of India with USD 118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data of economic think tank GTRI. The bilateral trade between India and the US stood at USD 118.3 billion in 2023-24....
NEW DELHI: Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said. Besides, investors would also take cues from the trading activity of...