by OverviewFX | Nov 30, 2024 | Industry
“>”The manufacturing sector appears to have taken the maximum beating.”India’s economy slowed much more than expected in July-September, expanding by only 5.4% year-on-year as growth in manufacturing and consumption decelerated, data showed...
by OverviewFX | Nov 29, 2024 | Industry
Alok Agarwal, Head-Quant & Fund Managers, Alchemy Capital, says India is much more expensive than the world, but currently India’s premium to the world stands at around 13% on a one-year forward PE basis and this is the lowest number we have seen in the last...
by OverviewFX | Nov 29, 2024 | Industry
(Adds details)NEW DELHI, – India’s fiscal deficit for April-October was 7.5 trillion rupees ($88.79 billion), or 46.5% of the estimate for the year ending March 2025, government data showed on Friday.Net tax receipts for the first seven months of the...
by OverviewFX | Nov 29, 2024 | Industry
Mumbai, The rupee fell 2 paise to close at 84.49 (provisional) against US dollar on Friday, dragged down by significant foreign fund outflows and month-end dollar demand from importers. Forex traders said, dollar demand from importers weighed on the rupee. However,...
by OverviewFX | Nov 29, 2024 | Industry
The Income Tax Department has clarified that existing PAN cards of taxpayers and individuals are valid even without the QR code under the PAN 2.0 project. Allotment, updation or correction of PAN will be done free of cost and e-PAN will be sent to the registered mail...
by OverviewFX | Nov 29, 2024 | Industry
India’s forex reserves fell by $1.31 billion to $656.582 billion for the week ending November 22, according to RBI data on Friday.The Weekly Statistical Supplement released by the RBI showed that the primary contributor to this decline was the drop in Foreign...
