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Rebooting Economy 59: Quantum jump in fiscal spending is what India needs immediately First advance estimates of national income highlight three key imperatives to revive growth: generate demand and investment cycles by directly spending more and reverse import substitution Prasanna Mohanty | January 18, 2021 | Updated 11:31 IST The estimates for FY21 further show that, three out of two components of industry, mining and quarrying and manufacturing will have minus 12.4% and minus 9.4% growth L...

Benchmark indices continued hovering near the days low in early afternoon trade. The Nifty index slipped below 14,300 level. Barring the Nifty FMCG index, all the sectoral indices on the NSE declined. At 12:20 IST, the barometer index, the S&P BSE Sensex, dropped 391.26 points or 0.80% at 48,643.41. The Nifty 50 index lost 136.40 points or 0.95% at 14,297.30. In the broader market, the S&P BSE Mid-Cap index fell 1.90% while the S&P BSE Small-Cap index declined 1.82%. The market breadth was very...

NEW DELHI, Jan 17: While the pandemic pummelled tax collection across the board, excise duty mop-up jumped 48 per cent in the current fiscal on the back

Read more about Sensex, Nifty trim losses; Nifty reclaims 14,300 on Business Standard. Key benchmark indices pared losses in afternoon trade. At 13:20 IST, the barometer index, the S&P BSE Sensex, declined 324.37 points or 0.66% at 48,710.30. The Nifty 50 index lost 119.50 points or 0.83% at 14,314.20.

The equity barometers were hovering near the days low in mid-morning trade. The Nifty reclaimed 14,300 mark after slipping below that level. All the sectoral indices on the NSE were in the red. Metal, realty and pharma stocks witnessed steep selling pressure. At 11:26 IST, the barometer index, the S&P BSE Sensex, fell 267.53 points or 0.55% at 48,767.20. The Nifty 50 index declined 99.75 points or 0.69% at 14,333.55. The broader market tumbled. The S&P BSE Mid-Cap index tumbled 1.77% while the...

Petrol prices continue to rise, hit a new high on Monday Premium After holding the retail price of petrol steady for 29 days, oil marketing companies in India started increasing prices in January (Ramesh Pathania/Mint) Share Via Read Full Story Petrol prices in India registered a record high on Monday, with oil marketing companies (OMCs) again increasing it by 25 paise per litre. The price of diesel was also increased by 25 paise per litre on Monday. Petrol was selling at Rs84.95 per litre in ...

Read more about Sensex tanks 470 pts; Nifty ends below 14,300 on Business Standard. As per provisional closing data, the barometer index, the S&P BSE Sensex, dropped 470.40 points or 0.96% to 48,564.67. The Nifty 50 index lost 152.40 points or 1.06% at 14,281.70.

Read more about Benchmarks further pare losses on Business Standard. The broader market traded with losses. The S&P BSE Mid-Cap index fell 1.71% while the S&P BSE Small-Cap index dropped 1.44%.

Benchmark indices ended with steep losses on Monday, extending fall for the second straight session. All the sectoral indices on NSE ended in red. Metal shares corrected sharply. Rising coronavirus cases across US, Europe and China weighed on investors sentiment. The barometer index, the S&P BSE Sensex, dropped 470.40 points or 0.96% to 48,564.27. The Nifty 50 index lost 152.40 points or 1.06% at 14,281.30. Reliance Industries (up 2.37%), HDFC Bank (up 1.15%) and ITC (up 0.76%) supported the i...

This despite the fact that over 10 million tonnes less diesel - the most used fuel in the country - was sold during the eight months period. Petrol consumption too was lower at 17.4 million tonnes, compared to 20.4 million tonnes during April-November 2019.