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Expects inflation to remain above 6%

Indias foreign exchange reserves fell for a seventh straight week, dropping to $545.652 billion in the week to September 16, Reserve Bank of Indias (RBI) weekly statistical supplement showed on Friday. The foreign exchange reserves stood at $550.871 billion at the end of the previous week, down $5.2 billion. In the week ending September 16, the foreign currency assets stood at $484.901 billion, gold reserves […]

Cryogenic engines for ISRO will be manufactured at the facility

The German IFO institute warned that the country is likely to enter a recession in the coming quarters with companies showing a strong degree of pessimism for the coming months, according to their latest report. In September, the IFO index dropped to 84.3, from 88.5 in August. This is the fourth consecutive drop. Both the current assessment component and expectations dropped significantly.Powered by Commodity Insights

Hindustan Aeronautics (HAL) has set up a 208 crore integrated cryogenic engine manufacturing facility (ICMF) in Bengaluru and it will cater to the entire rocket engine manufacturing under one roof for Indian Space Research Organisation (ISRO).

Rating agency ICRA anticipates the company's debt coverage measures and liquidity to remain good in the absence of significant debt-funded capital plans in the foreseeable future.

The domestic equity benchmarks ended with deep cuts after a weak session on Monday. Frail Asian cues played spoilsport. The Nifty closed tad above the 17,000 level after hitting the days low at 16,978.30 in mid-morning trade. Barring the Nifty IT index, all the other sectoral indices on the NSE were in the red. As per provisional closing data, the barometer index, the S&P BSE […]

The world economy will take a bigger hit than previously forecast next year due to the effects of Russias war in Ukraine, the OECD said Monday. The organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly. A number of indicators have taken a turn for the worse, and the global growth outlook has darkened,” the Organisation for […]

Japanese share market finished session deeply in negative territory on Monday, 26 September 2022, as investors disheartened by global selloff linked to growing fears of possible global recession after central banks ramped up interest rates to combat inflation. At closing bell, the 225-issue Nikkei Stock Average index stumbled 722.28 points, or 2.66%, to 26431.55. The broader Topix index of all First Section issues on the […]

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