India’s LIC and public banks are reassessing their Adani stakes

US-based Hindenburg Research’s allegations of fraud against India’s Adani group have sparked panic among investors since Jan. 25. Since the publication of the damning report, the conglomerate’s seven listed companies have lost $68.3 billion, nearly a third of their market value. Among Adani’s key investors is the state-run insurance giant Life Insurance Corporation of India […]

India’s coal production expected at 997 million tonnes in FY’24

The country is expected to produce 997.14 million tonnes (MT) of coal in the coming financial year. Of the projected figure, state-owed CIL’s output is likely to be 760 MT, followed by Singareni Collieries Company Ltd (SCCL) at 75 MT, and captive and others at 162.14 MT, […]

India scraps export tax on low grade iron ore, some steel intermediates

India scrapped an export tax levied on low grade iron ore lumps and fines with below 58% iron content, in a notification late on Friday, reversing an earlier order from May when it had raised the tax to a steep 50% to rein-in inflation. In the notification, which takes effect on Saturday, the government also […]

India, UK working sincerely on free trade agreement: MEA

India on Thursday said it is working “sincerely” with the UK for finalisation of the proposed free trade agreement, days after Prime Minister Narendra Modi and his British counterpart Rishi Sunak agreed on the “early conclusion” of the deal. “Both sides are working sincerely on the free trade agreement,” External Affairs Ministry Spokesperson Arindam Bagchi […]

Sri Lanka Looks to Revive Free Trade Deal With Singapore

COLOMBO (Reuters) – Sri Lanka will step up efforts to revive a stalled free trade pact with Singapore, President Ranil Wickremesinghe told the city state’s premier on Tuesday, his office said in a statement. The leader of the crisis-hit Indian Ocean nation met Singapore Prime Minister Lee Hsien Loong in Japan on the sidelines of […]

Silly to compare Lanka’s economic situation with India: Arvind Panagariya

Former NITI AayogVice- Chairman Arvind Panagariya on Sunday said it would be silly to compare the profitable situation of Sri Lanka with India, though assignments can be learned from the extremity in the island nation. Panagariya, in an interview with PTI further said since the 1991 balance of payments extremity, successive governments have managed the […]

Why S&P BSE 500 ETF can be a good starting point for new investors

The time 2021 acted as a comeback of feathers as businesses and seminaries started continuing and people sluggishly but surely tried to inch back to normal life. The stock requests continued with their spectacular run and saw adding participation by retail investors as instanced by the growth in the collective fund means Under operation( AUM) […]