Month: October 2022

First-half deficit touches 37.3% of full-year estimate as govt. spends more on fertiliser, food and fuel subsidies The Hindu – Economy

Retail inflation for industrial workers rose to 6.49 per cent in September from 5.85 per cent in August 2022 mainly due to higher prices of certain food items, according to … Read More

Domestic steel giant Tata Steel on Monday reported a nearly 90 per cent drop in consolidated net profit to Rs 1,297 crore for the July-September quarter of 2023-23, dragged by … Read More

The RBI on October 31, 2022 also released a Concept Note on Central Bank Digital Currency (CBDC) for India. The Hindu – Economy

Inflation just keeps punishing the European economy The Hindu – Economy

Wal-Mart India Pvt Ltd, which operates Best Price Flipkart wholesale stores, has witnessed its loss widening to Rs 299.01 crore in FY22 despite its revenue from operations going up. NDTV … Read More

The Reserve Bank said the first pilot of the Central Bank Digital Currency — Digital Rupee (Wholesale segment) will be launched on Tuesday for transactions in government securities. NDTV Profit-Latest

Infrastructure company Larsen & Toubro Ltd reported a better-than-expected second-quarter profit on Monday, on the back of a surge in order inflows. NDTV Profit-Latest

Oil minister Hardeep Singh Puri said higher crude prices would only serve to accelerate the transition to cleaner energy and worsen any global recession. NDTV Profit-Latest

India’s fiscal deficit for the six months through September touched 6.20 trillion Indian rupees ($74.91 billion) or 37.3% of annual estimates, government data showed on Monday. NDTV Profit-Latest