India’s PMI services remain strong in February at 58.1
New Delhi, March 4 (IANS) India’s services sector continued to expand at a healthy pace in February, even as growth in new orders slowed amid rising competition, according to the latest data from the HSBC India Services PMI Business Activity Index. The Services Purchasing Managers’ Index (PMI) stood at 58.1 in February, slightly lower than […]
Sensex slumps to 10-month low, Nifty slides over 6-month low amid Middle East tensions
Mumbai, March 4 (IANS) Indian stock markets fell for the third straight session on Wednesday as investors remained cautious over rising tensions in the Middle East, particularly the growing conflict between the United States and Iran. The uncertainty kept traders on edge and triggered selling across sectors. The Nifty ended the day 1.6 per cent […]
Safe-haven assets likely to rally as Middle East tension deepens
New Delhi, March 4 (IANS) Safe‑haven currencies, from the dollar to the yen and gold, are expected to rally and equity sentiment could worsen due to supply chain disruption amid escalation of the US-Iran war, a report said on Wednesday. The report from DBS Bank said spreads of sovereign and corporate bonds could widen as […]
West Asia conflict: Maha govt assures protection of farmers’ interests
Mumbai, March 4 (IANS) Maharashtra Minister of Ports and Shipping Nitesh Rane claimed on Wednesday that the government will protect the interests of the farmers, especially amid the escalating conflict in West Asia, as exports of essential commodities, including sugar, onions, rice, and grapes to Gulf nations have been impacted. Rane was replying to […]
Agroecological homesteads boost women’s incomes, nutrition in Central India: Report
New Delhi, March 4 (IANS) An agroecological homestead model has transformed backyard plots in Madhya Pradesh’s Mandla district, increasing production, nutritional outcomes and incomes for tribal women, a report has said. The report from Eco‑Business said the initiative, led by the CGIAR Multifunctional Landscapes Program and Professional Assistance for Development Action (Pradan) among the region’s […]
BSE gets SEBI nod to launch derivatives on Sensex Next 30 index
Mumbai, March 4 (IANS) The Bombay Stock Exchange has received approval from the Securities and Exchange Board of India to launch derivatives contracts on the BSE Sensex Next 30 index. The exchange shared the update in a notice on Wednesday, saying it will introduce cash-settled monthly index futures and monthly index options on the new […]
India seeks more balanced trade ties with Japan
New Delhi, March 4 (IANS) India has highlighted the potential for growth in exports to Japan in sectors such as textiles, pharmaceuticals, agriculture, and services, at a high-level meeting in Tokyo, for achieving a more balanced bilateral trade relationship, according to a statement issued by the Ministry of Commerce and Industry on Wednesday. During the […]
US trade panel reviews complaint against Biocon
Washington, March 4 (IANS) The U.S. International Trade Commission (USITC) has received a complaint alleging that biosimilar versions of the cancer drug pertuzumab imported into the United States violate U.S. trade law. Several entities of India’s largest biopharmaceutical company, Biocon, have been named as respondents. The notice was published in the Federal Register. It […]
India’s global chemical sector share to increase to 5-6 pc by 2030
New Delhi, March 4 (IANS) India’s global chemical sector share is set to increase to 5-6 per cent by 2030 and achieve a $1 trillion turnover by 2040, according to the government. According to Union Minister JP Nadda, the budgetary provision of Rs 13,000 crore for Bio-Pharma SHAKTI and three dedicated Chemical Parks in the […]
Indian stock markets plummet over 2 pc rattled by Middle East tensions
Mumbai, March 4 (IANS) The Indian equity markets opened sharply lower on Wednesday, tracking weak global cues and aggressive FII short positioning in index futures amid escalating geopolitical tensions in the Middle East. As of 9.28 am, Sensex lost 1,773 points, or 2.21 per cent, to reach 78,465 and Nifty eased 549 points, or 2.21 […]
