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SEPTEMBER 2023 ECONOMIC DATA
Why are gold and silver prices up today, and will precious metals continue to rise or drop again? Gold rebounds from multi-month low but remains set for biggest quarterly loss in yearsGold and silver prices moved higher on Tuesday after recent declines, but both metals remain on track for major monthly and quarterly losse...
Draft National Electricity Data Sharing Framework unveiledThe framework will apply to all electricity sector data created and maintained by power generating companies, transmission licensees, distr...
Gold price tumbles Rs 1,800/10 grams, silver slips below Rs 2.21 lakh/kg. What's next?Gold and silver prices tumbled over 1% on Tuesday, driven by Middle East tensions and anticipated US Federal Reserve rate hikes to combat i...
Surprisingly quick oil price retreat eases urgency for European Central Bank to act, sources sayEuropean Central Bank policymakers are less pressured to raise interest rates next month due to a swift drop in oil prices. While a hike is...
Yen hits 40-year low as clock ticks on interventionThe Japanese yen hit a 40-year low against the dollar, sparking speculation of government intervention. Despite past efforts, the yen conti...
IIP growth reached a five-month high of 5.1% in MayIndia's industrial production surged to a five-month high of 5.1% in May, driven by robust growth in electricity and manufacturing sectors....
India is plotting a game-changer for RBI, banks, corporates, investorsIndia is planning a high-frequency index to track its vast informal economy, covering millions of unincorporated companies. The proposed Mo...
Key facts on South Korea's three chip and AI 'mega projects'Below is a summary of the investments and targets announced at the event and in corporate and government statements.
Economic indicators point to resilient Indian economy despite global headwinds: MoSPI SecretaryIndia's economy is demonstrating remarkable resilience against global challenges, according to Saurabh Garg, Secretary of MoSPI. He highlig...
US Stock Market: Wall Street eyes jobs data as rate hike bets and tech volatility intensifyIndian investors are keenly watching US jobs data this week for economic health and interest rate cues. Tech stocks, especially chipmakers,...
Gold prices dip to Rs 1.43 lakh/10 grams, silver below Rs 2.23 lakh/kg. What lies ahead?Gold and silver prices traded lower on MCX on Monday as renewed Middle East tensions and expectations of further US Federal Reserve rate hi...
Can a weak monsoon slow India's economy? Here's what investors need to knowA 10% rain deficit could add as much as one-percentage-point to headline consumer inflation driven by food prices, according to research by...
Plan afoot to create index for unincorporated enterprisesThe index, proposed by the ministry of statistics and programme implementation (MoSPI), will provide insights into the health of the large ...
Gold, silver face fresh test as US dollar, Iran crisis to shape week ahead: AnalystsGold and silver are facing downward pressure as investors digest escalating US-Iran tensions, crude oil price shifts, and crucial economic ...
Charting the global economy: US spending rises, weather loomsUS consumer spending remains robust despite rising prices, though new home sales dipped. President Trump is scrutinizing gasoline costs. Eu...
Ashok Vaswani to step down as Kotak Mahindra Bank MD & CEO; bank begins search for successorIn a surprising announcement, Ashok Vaswani, CEO and Managing Director at Kotak Mahindra Bank, has decided to step down on December 31, 202...
Manipur CM says drug trafficking routes have changed after 2023 crisis, largely diverting through MizoramManipur Chief Minister Yumnam Khemchand Singh revealed that drug trafficking routes have shifted significantly post-2023 crisis, largely di...
India 'strategic diplomatic driver' for IMEC: Columbia University projectA project from Columbia University has underscored India's crucial involvement in the India-Middle East-Europe Economic Corridor (IMEC), pr...
US Stock Market: Sticky inflation keeps September Fed rate hike on table despite July pause expectationsUS Federal Reserve is expected to hold rates steady at its July meeting despite inflation hitting a three-year high. Markets see a possible...
MoSPI releases discussion paper to identify apt method to compile coal monetary asset accountsIndia's Ministry of Statistics has released a discussion paper on valuing coal assets monetarily, aligning with UN environmental accounting...