News Overview

The month of November 2021 marked the ninth consecutive month of positive IIP growth for the Indian economy. If the base effect had been waning in the last few months, November 2021 saw tepid IIP growth despite a negative IIP base in Nov-20.

Export prices in South Korea rose 23.5 percent on year in December, the Bank of Korea said on Thursday. The latest reading slowed from 25.5 percent in November. On a monthly basis export prices fell 1.0 percent after falling 0.9 percent in the previous month. The import prices soared by an annual 29.7 percent in December after soaring 35.0 percent in November but were down […]

POSCO and Adani Group have agreed to explore business cooperation opportunities, including the establishment of an environment-friendly integrated steel mill in Mundra, Gujarat, as well as other businesses, by investing upto $5 billion.

TCS: The IT majors consolidated net profit rose 1.51% to Rs 9,769 crore on 4.31% increase in net sales to Rs 48,885 crore in Q3 December 2021 (Q3 FY22) over Q2 September 2021 (Q2 FY22). The board also recommended to buyback upto four crore equity shares for an aggregate amount not exceeding Rs 18,000 crore, being 1.08% of the total paid-up equity share capital, at […]

Indias factory output, measured in terms of Index of Industrial Production (IIP), witnessed a growth of 1.4% in November 2021. For the month of November 2021, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 128.5. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of November 2021 stand at 111.9, 129.6 and 147.9 […]

Indias retail inflation, which is measured by the Consumer Price Index (CPI), rose to a five-month high 5.59% in the month of December. The Consumer Food Price Index (CFPI) or the inflation in the food basket also spiked on-month during December to 4.05%, from 1.87% in November. The surge in the food basket was due to a sharp rise in prices of oils and fats […]

The Indian Rupee stayed supported, holding onto the recent gains amid sliding US dollar and firm local equities. INR closed at 73.92 per US dollar, up 3 paise on the day. The State Bank Of India (SBI), in its latest research update of Ecowrap has noted that the Q3 of current fiscal has witnessed a visible expansion in credit growth across sectors. The incremental CD […]

The tapering inflation trend between May and September this year was progressively reversed between October and December. Most of the pressure came from food prices.

COMEX Copper futures spiked, extending a recent bounce above $4.50 per pound mark as firm equities and weakness in the US dollar boosted the metal. The counter jumped 3% to $4.56 per pound, hitting its two and half month high mark. MCX Copper futures also zoomed up and closed 2.14% at Rs 756 per kg. Industrial production unexpectedly jumped across the Eurozone in November; official […]

COMEX Gold futures continued to soar above $1800 per ounce as a tumble in the US dollar pushed up all commodities. Inflationary worries also boosted the meta. The Labor Department on Wednesday showed the annual rate of US consumer price growth once again reached the highest level in almost 40 years in December. The report showed the annual rate of consumer price growth surged to […]