Inflation in Pakistan reaches all time high of 46%
Islamabad, March 26 (IANS) Short-term inflation, measured by the Sensitive Price Index (SPI), reached an all-time high of 46.65 per cent year-on-year for the week ending on March 22, in...
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Political tussle in Pakistan may lead to martial law: JI chief
Lahore, March 26 (IANS) Pakistan Jamaat-e-Islami (JI) chief Sirajul Haq has said that the tussle between the Pakistan Democratic Movement (PDM) and the Pakistan Tehreek-e-Insaf (PTI) could...
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Pakistan averts default on payments to Kuwait
Islamabad, March 22 (IANS) Pakistan approved a supplementary grant of 27 billion PKR to avert a looming default on account of diesel purchase payments to Kuwait -- a move that might create...
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Guar gains as sentiments turned bullish tracking gains of other agriculture prices
Guar seed yesterday settled up by 3.37% at 5673 as sentiments turned bullish tracking gains from other agriculture prices which gained as unseasonal rains have been affecting crops in the...
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Unseasonal rains trigger panic of crop damage in Punjab, Haryana
Chandigarh, March 21 (IANS) Moderate to heavy unseasonal rains continued to lash several places in Punjab and Haryana in the past two days, triggering fear among farmers about damage to the...
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Tractor sales growth to halve in FY24, OPM to improve: CRISIL
Chennai, March 21 (IANS) The growth rate in tractor sales is to halve in FY24, while the operating margins are set to improve owing to lower input costs, said credit rating agency CRISIL...
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Ex-Australian soldier arrested over alleged war crime in Afghanistan
Canberra, March 20 (IANS) A former Australian soldier was arrested in the New South Wales (NSW) state on Monday, facing charges of committing war crime during his service in...
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UN 'doing everything possible' for extension of Black Sea grain deal: Official
United Nations, March 18 (IANS) Martin Griffiths, the UN Undersecretary-General for Humanitarian Affairs and Emergency Relief Coordinator, said that the world body is doing "everything...
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FCI sells 4.91 LMT wheat in 6th e-auction
New Delhi, March 16 (IANS) With a view to control the price of wheat and atta, Food Corporation of India (FCI) conducted the sixth e-auction. Total quantity of 10.69 LMT wheat was offered...
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WFP pledges $54 mn to mitigate drought in Kenya
Nairobi, March 16 (IANS) The World Food Programme (WFP) has committed 7 billion shillings (about $54 million) as relief assistance to help nearly 940,300 people facing severe drought in 10...
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Wheat production estimated at 112.18 million tonnes in 2022-23
New Delhi, March 14 (IANS) Wheat production in agriculture year 2022-23, as per the Second Advance Estimates, is estimated at 112.18 million tones which is higher by 4.44 million tonnes than...
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Russia agrees to extend Black Sea Grain Initiative by 60 days
Geneva, March 14 (IANS) Russia has agreed to extend a Ukraine grain export deal by 60 days after talks with UN representatives in Geneva. Russian Deputy Foreign Minister Sergey Vershinin...
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India CPI Timing, Investing.com Forecast: Likely Eased in February
By Malvika Gurung Investing.com -- The Ministry of Statistics and Programme Implementation is set to release the domestic consumer price index (CPI) data for February 2023 at 5:30 pm on...
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11.88 LMT wheat sold under 5th round of auction
New Delhi, March 10 (IANS) A total quantity of 11.88 lakh metric tonnes of wheat has been sold in the fifth round of auction which was conducted on Thursday. After the fifth round of...
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2023 holds little promise for tech IPOs as slowdown continues
New Delhi, March 4 (IANS) The global economic crisis, which hit the companies' initial public offering (IPO) plans in India in 2022, continues to haunt the founders and CEOs and the first...
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Before economy regains pre-Covid trend line, slowdown may be setting in
On a 5 year CAGR trend basis, real GDP is growing at 4 per cent, which is sluggish. The weakness is pronounced in manufacturing (2.7 per cent), whereas services (5 per cent) seems to be...
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5.40 LMT wheat sold in fourth round of auction
New Delhi, March 1 (IANS) A total of 5.40 lakh metric tonne (LMT) of wheat was sold to 1,049 bidders in 23 states under the fourth e-auction which took place on Wednesday. Till the third...
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Consumer demand to stay low, tough times ahead for Indian startups
New Delhi, Feb 27 (IANS) Consumer demand is expected to stay low over the coming quarters, as inflation continues to rise, creating a further slowdown phase for the startups in the country,...
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Global economy changed by Ukraine war
London, Feb 26 (IANS) Russia's invasion of Ukraine sent shockwaves through the global economy and now, a year on from the start of the attack, the world is fundamentally changed, the media...
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Government has sold 18 LMT wheat in open market to scale down prices
New Delhi, Feb 24 (IANS) Food Corporation of India (FCI) has sold 18.05 lakh metric tonnes (LMT) of wheat in the open market through three e-auctions till date, after government decided to...
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Global trade remains resilient despite Russia-Ukraine war: WTO
Geneva, Feb 24 (IANS) Global trade remained resilient and performed better than pessimistic predictions for 2022, as economies greatly affected by the Russia-Ukraine war had found...
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Hot temperature to heat up prices, reduce wheat yield: CRISIL
Chennai, Feb 22 (IANS) The hot temperature if persists in March may not only reduce the wheat crop yield but also heat up the commodity prices, said CRISIL (NS:CRSL). The rabi wheat crop...
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Govt to release additional 20 LMT wheat in open market
New Delhi, Feb 21 (IANS) Government will offload an additional 20 lakh metric tonnes (LMT) of wheat in open market through Food Corporation of India (FCI) to further rein in prices of the...
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Prices of cereals to be about 15% higher: CRISIL
Chennai, Feb 20 (IANS) The prices of cereals are expected to be 14-15 per cent higher next fiscal as compared with the past five year average, said CRISIL (NS:CRSL) in a report. The...
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Dry weather in Punjab, Haryana may impact wheat crop: Experts
Chandigarh, Feb 19 (IANS) weather has been mostly dry over Punjab and Haryana since February 1, and this may impact the wheat crop, experts said. The dry weather is due to absence of...
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As the war lingers, it's business as usual for markets
When it began, it appeared as if it would be a short affair lasting a couple of weeks or maybe if stretched, a couple of months. Time flies and so has this event. Today, except for those...
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FCI offers 11.72 LMT wheat via 620 depots in 3rd e-auction
New Delhi, Feb 18 (IANS) Food Corporation of India (FCI) has offered 11.72 LMT wheat through 620 depots in the country in the 3rd e-auction. Consumer Affairs Department officials said that...
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Fund allocation for MGNREGA has not gone down: Sitharaman
Bhubaneswar, Feb 17 (IANS) The fund allocation for Mahatma Gandhi National Rural Employment Guarantee Scheme(MGNREGA) has not gone down, Finance Minister Nirmala Sitharaman here on Friday,...
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Centre reduces reserve price of wheat up to Mar 31 to check inflation
New Delhi, Feb 17 (IANS) Aiming to check inflationary trend in the food economy, the Department of Food and Public Distribution (DFPD) has decided to further reduce reserve price of wheat up...
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