Markets ended marginally higher in a trading session marked by extreme volatility
Posts in category Business Standard
ELSS stares at an uncertain future as govt pushes for new income tax regime (16-02-2023)
An ELSS as a tax-saving option is mostly preferred by younger taxpayers
India’s exports rise in both value, volume terms in 2022: GTRI report (16-02-2023)
The country’s merchandise exports have recorded a healthy growth in both value and volume terms in 2022, economic think tank Global Trade Research Initiative (GTRI) said in a report on Thursday.
The outbound shipments rose by 14.6 per cent year-on-year to USD 453.3 billion in 2022.
“The study found that products where exports increased to cover a value of USD 315.9 billion (69.8 per cent of total merchandise exports). But, products whose export quantities increased over the previous year represent USD 285.6 billion (63 per cent of total exports),” it said.
Major product categories which have recorded growth in both value and volume terms include petroleum products, sugar, and basmati rice.
“Petroleum products, including diesel, gasoline and naphtha represent an export value of USD 94 billion. The unit price rose between 50-115 per cent in one year. The high unit prices may be primarily due to the high prices of crude oil. Sugar saw a unit value increase of 15 per cent, with exports
India’s exports rise in both value, volume terms in 2022: GTRI report (16-02-2023)
The country’s merchandise exports have recorded a healthy growth in both value and volume terms in 2022, economic think tank Global Trade Research Initiative (GTRI) said in a report on Thursday.
The outbound shipments rose by 14.6 per cent year-on-year to USD 453.3 billion in 2022.
“The study found that products where exports increased to cover a value of USD 315.9 billion (69.8 per cent of total merchandise exports). But, products whose export quantities increased over the previous year represent USD 285.6 billion (63 per cent of total exports),” it said.
Major product categories which have recorded growth in both value and volume terms include petroleum products, sugar, and basmati rice.
“Petroleum products, including diesel, gasoline and naphtha represent an export value of USD 94 billion. The unit price rose between 50-115 per cent in one year. The high unit prices may be primarily due to the high prices of crude oil. Sugar saw a unit value increase of 15 per cent, with exports
FCI sells 385,000 tonnes wheat in open market via e-auction, control prices (16-02-2023)
Food Corporation of India (FCI) sold 3.85 lakh tonnes of wheat to bulk consumers in the second round of e-auction, as part of its efforts to boost domestic supplies and control prices of wheat and atta (wheat flour).
Last month, the government announced plans to sell 30 lakh tonnes of wheat in the open market from its buffer stock under the Open Market Sale Scheme (OMSS).
Out of the 30 lakh tonnes, the Food Corporation of India will sell 25 lakh (2.5 million) tonnes to bulk consumers like flour millers through e-auction and 2 lakh tonnes will be given to states/union territories. As much as 3 lakh tonnes of wheat are being provided to institutions and state PSUs at a concession for converting wheat into wheat flour.
“More than 1,060 bidders participated and 3.85 LT (lakh tonnes) wheat was sold during the second e-auction organised by the Food Corporation of India (FCI) on February 15,” an official statement said.
FCI, the government’s nodal agency for procurement and distribution o
Gokaldas Exports hits 4-month high, rallies 15% in one week post Q3 results (16-02-2023)
Once FTA with the UK happens, India can potentially see USD1bn of exports from this region
Bharat Dynamics soars 11% after it signs 10 MoUs at Aero India 2023 (16-02-2023)
The company entered into 10 Memorandum of Understandings (MoUs) with several foreign and Indian companies during Aero India – 2023
PI Industries extends rally, soars 12% in two days on better growth outlook (16-02-2023)
The management is confident of delivering 20 per cent plus revenue growth with continued improvement in margins and returns.
IT shares in focus; TCS hits 9-mth high; Tech Mahindra surges 11% in 2 days (16-02-2023)
Thus far in calendar year 2023, the Nifty IT index has outperformed the market by surging 10 per cent, as compared to 0.55 per cent decline in the Nifty 50
Indian shares rise after US retail sales data lifts global sentiment (16-02-2023)
BENGALURU (Reuters) -Indian shares opened higher on Thursday tracking global peers, after latest U.S. retail sales data signalled strength in the world’s biggest economy, while a return of foreign buying in domestic equities helped sentiment.The Nifty 50 index was up 0.61% at 18,126.75 as of 9:43 a.m. IST, while the S&P BSE Sensex rose 0.62% to 61,662.59.