Sunday, October 2, 2022

Business

India's current account deficit widens to 2.8 per cent of GDP in April-June

Mumbai (Maharashtra) [India], September 29 (ANI): India’s current account deficit (CAD) widened to $23.9 billion or 2.8 per cent of the country’s gross domestic product (GDP) in April-June period of the current financial year from $13.4 billion recorded in the previous quarter, as per data released by the Reserve Bank of India (RBI) on Thursday. […]



Government lowers borrowing target for 2022-23 by Rs 10,000 crore

New Delhi [India], September 29 (ANI): The government on Thursday lowered the market borrowing target for the current financial year by Rs 10,000 crore amid buoyancy in tax collections. Out of the gross market borrowing of Rs 14.31 lakh crore projected for FY 2022-23, the Government of India has decided to borrow Rs 14.21 lakh […]


CCI approves Essar Group's asset acquisition by ArcelorMittal

New Delhi [India], September 29 (ANI): The Competition Commission of India (CCI) on Thursday said it has approved the acquisition of assets of Essar Group by ArcelorMittal Nippon Steel India Limited. The proposed combination involves the acquisition of certain assets: (a) Power Assets (Essar Power Hazira Limited (EPHL), Gandhar Hazira Transmission Limited (GHTL)); (b) Port […]


Indian markets end flat: Sensex down 188 pts, Nifty down 41 points

Mumbai [India], September 29 (ANI): The benchmark indices on Indian equity markets closed flat on Thursday, due to the selling pressure prevalent in global markets. The S&P BSE ended 0.33 per cent lower at 56,409 level, 188 points down from the previous session while Nifty50 closed at 16,818, down 41 points. During the early trade, […]