In a surprising move, the Indian government has decided to lower the import duties on refined soybean oil and refined sunflower oil. This decision comes as a stark contrast to the market’s expectations, as many anticipated a duty hike. The objective behind this action is to curb food inflation, especially considering the recent decline in both domestic and international edible oil prices.

The Axis Bank underwent a series of block deals, transacting a 0.6 percent stake that unleashed the exchange of 2.25 crore shares, valued at a staggering Rs 2,178 crore.

In the month of May, Indians will witness a consecutive second decline in India’s wholesale prices, primarily attributed to the decrease in commodity prices. According to government data, the wholesale price index (WPI) experienced a significant drop of 3.48%, surpassing economists’ expectations of a 2.35% decrease. This decline follows a 0.92% fall observed in April, indicating a continued alleviation of inflationary pressures. This article delves into the key factors that have contributed to the decline in wholesale prices and analyzes its implications for the Indian economy.

According to Union Finance Minister Nirmala Sitharaman, India’s Gross Domestic Product (GDP) would reach $3.75 trillion in 2023 from over $2 trillion in 2014. India was referred to as a

“Crypto market shows signs of stabilization after a sharp sell-off triggered by SEC lawsuits against Coinbase and Binance. While some tokens continue to drop, the pace has slowed down, with

The Reserve Bank of India (RBI) is aiming to onboard one million users for its central bank-backed digital currency (CBDC) by the end of June, according to T Rabi Shankar, Deputy Governor of RBI. He made this announcement during a press conference following the monetary policy announcement on Thursday.

The bounce in technology companies helped U.S. markets close higher on Thursday, recovering some of their previous momentum. Volatility also decreased to record lows ahead of a busy economic and policy schedule the following week.

A new post-pandemic record low was reached for the CBOE Volatility index, also referred to as Wall Street’s fear barometer.

The Monetary Policy Committee (MPC) has maintained its economic growth projections for the 2023-24 financial year at 6.5%. While the first two quarters are expected to deliver slightly more growth,

IKIO Lighting’s IPO generates buzz, oversubscribed 3.61 times, with strong investor demand. LED solutions provider seeks to raise Rs 350 crore for debt repayment, new facility setup, and corporate purposes. A diverse customer base and integrated manufacturing infrastructure contribute to investor enthusiasm.

The President of the Dutch central bank, Klaas Knot, has stated that underlying price pressures in the euro zone may pose challenges, although monetary policy is exhibiting signs of effectiveness.

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Volcano Energy stated that the funds would be used to build a 241 MW solar and wind energy power generation park in the northern town of Metapan, which will eventually