For the month of October, India's gems and jewellery exports grew by 9.18 per cent to USD 2,998.04 million (Rs 25,194.41 crore) due to revival in demand for cut and polished diamond, the Gem and Jewellery Export Promotion Council (GJEPC) said.
In the second quarter of 2024, India’s real GDP expanded 6.7% year-over-year, fueled by a resurgence in household consumption, increased investment, and solid manufacturing activity.
The spike is riding on the back of renewed investor confidence, strong homeownership sentiments, large-scale infrastructure development and rising cost of land and construction.
US aerospace giant Boeing has announced that it is issuing layoff notices, starting this week, to workers as part of the debt-ridden planemaker’s drastic plan to cut 17,000 jobs which works out to 10 per cent of its staff worldwide.
The government on Thursday informed that more than 40 crore gold jewellery items have been hallmarked to date -- over 4 lakh gold items being hallmarked per day.
The RBI Governor Shaktikanta Das, heading the MPC, announced the hike to subdue the inflation.
The Directorate of Enforcement (ED) on Thursday said it has frozen the account balance to the tune of Rs 21.14 crore of OctaFX India Private Ltd and related entities in a case related to the violation of FEMA regulations.
The benchmark indices on Indian equity markets closed flat on Thursday, due to the selling pressure prevalent in global markets. The S&P BSE ended 0.33 per cent lower at 56,409 level, 188 points down from the previous session while Nifty50 closed at 16,818, down 41 points.
The proposed combination involves the acquisition of power assets namely Essar Power Hazira Ltd and Gandhar Hazira Transmission Ltd, port assets like Hazira Cargo Terminals Ltd, Ibrox Aviation & Trading Private Ltd, Essar Bulk Terminal Ltd, Essar Bulk Terminal Paradip Ltd and Essar Vizag Terminals Ltd, as well as other assets.
The government will borrow Rs 5.92 lakh crore, or 41.7 per cent of planned gross market borrowing of Rs 14.21 lakh crore for the current financial year, in the second half of the fiscal ending March 31, 2023, the Finance Ministry said in a statement on Thursday.
