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Australian unemployment rate rises to 4.1 pct

16 May, 2024 5:02 PM

Canberra, May 16 (IANS) Australia's unemployment rate rose for a second straight month to 4.1 per cent in April.

International Politics Economy

Monsoon likely to arrive in Kerala by May 31: IMD

16 May, 2024 12:17 PM

New Delhi, May 15 (IANS) The India Meteorological Department (IMD) has announced that this year, the southwest monsoon is likely to set in over Kerala on May 31, with a model error of ± 4 days.

National Insight Economy Environment

ONGC, Oil India to get relief as Centre cuts windfall tax on crude oil

16 May, 2024 11:50 AM

New Delhi, May 16 (IANS) The Central government has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from Thursday, as part of its fortnightly revision that is calibrated with global prices.

Business Economy

Adani Energy Solutions acquires Essar’s Mahan-Sipat transmission assets for Rs 1,900 crore

16 May, 2024 9:38 AM

Ahmedabad, May 16 (IANS) Adani Energy Solutions Ltd (AESL), on Thursday, announced that it has acquired 100 per cent stake in Essar Transco Ltd for Rs 1,900 crore.

Business Economy

NEWS DATE: 15 May, 2024



India’s goods exports post 1.07 pc growth in April despite global uncertainties

15 May, 2024 7:04 PM

New Delhi May 15 (IANS) India’s goods exports rose 1.07 per cent to hit almost $35 billion in April despite the uncertainties in the global market due to the economic slowdown and geopolitical tensions, according to figures released by the Union Commerce Ministry on Wednesday.

Business Economy Market

Modi govt's policies resulted in exponential & unprecedented infra creation: FM Sitharaman

15 May, 2024 6:11 PM

New Delhi, May 15 (IANS) Finance Minister Nirmala Sitharaman said on Wednesday that Prime Minister Narendra Modi-led government's policies in the last 10 years have resulted in an "exponential and unprecedented" infrastructure creation in the country across the roads, power, railway, ports and aviation sectors.

National Economy

FM Sitharaman reels out data to slam Congress for neglect of infra projects

15 May, 2024 5:25 PM

New Delhi, May 15 (IANS) Finance Minister Nirmala Sitharaman on Wednesday reeled out data to slam the erstwhile Congress-led United Progressive Alliance (UPA) government for having "wasted India's economic growth potential between 2004-14 and leaving it among the 'Fragile Five' economies without focusing on effective infrastructure development".

National Politics NEWS POINT Economy

Over 300 pc hike in India’s budget outlay for agriculture in last 9 years: FAIFA report

15 May, 2024 3:43 PM

New Delhi, May 15 (IANS) There has been an over 300 per cent increase in budget allocation for agriculture over the last 9 years and more than 11 crore farmers benefited from the PM Kisan scheme, according to a report released by the Federation of All India Farmer Associations (FAIFA) on Wednesday.

Business Economy Market


IEA scales down growth forecast for global oil demand in 2024

15 May, 2024 3:19 PM

New Delhi, May 15 (IANS) The International Energy Agency (IEA) has scaled down its forecast for the growth in oil demand during 2024 as it expects the consumption of fuels to come down amid the economic slowdown in the advanced OECD countries.

Business Economy Market

AWS plans to invest $8.4 bn into its European Sovereign Cloud in Germany

15 May, 2024 1:59 PM

New Delhi, May 15 (IANS) Amazon Web Services (AWS) on Wednesday announced its plans to invest 7.8 billion euros ($8.4 billion ) in its European Sovereign Cloud in Germany through 2040, which reflects the company’s long-term commitment to meeting Europe’s digital sovereignty needs.

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