Category: Business News

Aatmja Kumari(Intern Journalist): The two reports came together on Monday to describe India’s growing economic power over China. One, after many years, India has exported more steel to China than it imports from there. Second, in the first five months (April-August) of this business year, imports of all types from China declined by 27.63 percent.…

(Anjali Shreya, Intern Journalist): Bank FD (Fixed Deposit) still remains the first option of savings for many people. Although interest rates on FDs have come down considerably at present, it is popular due to being an easy and largely safe option for investment. Banks have an FD facility ranging from 7 days to 10 years.…

Out of total 360 internet service providers, the top 10 service providers together hold 99.51 percent of the total internet subscriber base at the quarter ending March 2020. (Milcah Anila, Intern Journalist) Mumbai, India: Reliance Jio-led India’s internet user base has increased 16.72 percent from 636.73 million for the quarter ending March 2019 to 743.19…

(Anjali Shreya, Intern Journalist): There is a large section that likes and uses Khadi products in the country. But, the game of selling fake Khadi products is also going on indiscriminately in the market. Recently, strict action was taken by Khadi and Village Industries Commission (KVIC) over these fake Khadi products, due to which Amazon,…

Aatmja Kumari(Intern Journalist): Rating agency Fitch Solutions has forecast a decline in India’s fuel demand. Fitch Solutions estimates that India’s fuel demand may decline by 11.5 percent in the year 2020. The reduction in fuel demand estimates is certainly not a good sign for the country’s economy. Fitch has raised its estimate of a decline…

Aatmja Kumari(Intern Journalist): In India, gold closed up on Friday and silver fell on Friday. On October 5, 2020, gold futures on the MCX exchange closed at Rs 51,715 per 10 grams, an increase of Rs 262 on Friday, the last trading day of the week. Similarly, the gold price of December futures closed at…

(Priyanka Gupta, Intern Journalist)Kolkata: Life Insurance Corporation of India (LIC) has made a profit of Rs 13,000 crore in this financial year by investing in shares till August. The company’s MD Rajkumar gave this information. LIC has made this profit amid the ups and downs in the stock market. LIC is the largest company in…

(Priyanka Gupta, Intern Journalist): Shares of Ashok Suta’s company Happiest Minds got a great listing on the domestic stock market on Thursday. The shares of the company were listed at a price of Rs 351, which is a premium of 111 percent compared to the issue price of Rs 166. This boom has filled the…

(Priyanka Gupta, Intern Journalist): There is a sense of softening of interest rates in the economy. The Bank’s Fixed Deposit (FD) rates have come down sharply recently. This has frustrated investors seeking guaranteed returns. However, the road to them has not stopped. Many companies are offering returns of up to 10% on their fixed deposit…