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The gold jewellery exporters used 176 tonnes of gold for round-tripping while only 50 tonnes catered to genuine exports in 2018, as per the estimates of precious metals agency GFMS.

G&J exports dip in July

In 2018-19 also gems and jewellery exports had declined 5.32 per cent to $30.96 billion in 2018-19.

10 Aug 2019 1:24 AM IST

Other automakers are likely to follow suit, which would lead to loss of at least contractual jobs.

Tata Motors, M&M set to slash production

Maruti may operate just one shift at factories.

10 Aug 2019 1:23 AM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Piyush Goyal to lead delegation of five CMs, business leaders to...

The commerce minister's visit would see major announcements on collaborative projects with Russia.

9 Aug 2019 8:09 PM IST

Manufacturing sector contracted by 0.4 per cent in November as against a growth of 10.4 per cent a year ago. (Representational image)

Automakers cut production to align with tapering market demand

M&M said it would be observing 'no production days' in various plants for 8-14 days during second quarter of 2019-20.

9 Aug 2019 7:48 PM IST

The industrial growth measured by the Index of Industrial Production (IIP) for 2017-18 too decelerated to 4.3 per cent from 4.6 per cent in the previous fiscal. The IIP had grown by 4.4 per cent in March 2017.

Industrial production growth slows to 4-month low of 2 per cent in...

Factory output, as measured by the Index of Industrial Production (IIP), had expanded by 7 per cent in June 2018.

9 Aug 2019 7:31 PM IST

Rupee strengthened by 28 paise to close at 70 against the dollar on Thursday.

Rupee declines by 9 paise to 70.78 vs USD

At the interbank foreign exchange, the rupee witnessed high volatility.

9 Aug 2019 6:48 PM IST

Finance Minister Nirmala Sitharaman

Govt, RBI on same page on steps to boost economy: Sitharaman

Finance Minister Nirmala Sitharaman said the government is looking at the financial sector woes and will address them.

9 Aug 2019 5:53 PM IST

Minister of State for Finance Arjun Ram Meghwal.

E-mobility mission to be implemented in phases based on industry...

MoS Arjun Ram Meghwal informed that three lakh electric vehicles have already been sold under the FAME India Scheme.

9 Aug 2019 5:04 PM IST

1,500 points swing was recorded in Sensex before it settled the day at 279.62 points, or 0.75 per cent lower at 36,841.60.

Sensex jumps 255 points; Nifty tops 11,100

After rallying 480 points during the day, the 30-share Sensex settled 254.55 points or 0.68 per cent higher at...

9 Aug 2019 4:13 PM IST

Gold was available for $2 premium over and above the landed rate 15 days back. After the steep rise, it is now available for a discount of $14 per ounce, said Suresh Hundia, former President of the Bombay Bullion Association.

Gold slips Rs 140, still above Rs 38,000-mark

Silver also declined Rs 290 to Rs 44,010 per kg in the national capital due to reduced offtake by industrial units.

9 Aug 2019 4:13 PM IST

Income support schemes the Congresss Nyay for 20 per cent of the poorest households and the BJPs PM Kisan scheme for farmers with less than two hectare of land, are both progressive social protection measures.

Centre starts registration for Pradhan Mantri Kisan Maan-Dhan Yojana

Under the PM-KMY a monthly pension of Rs 3,000 will be provided to eligible farmers.

9 Aug 2019 3:40 PM IST

Income support schemes the Congresss Nyay for 20 per cent of the poorest households and the BJPs PM Kisan scheme for farmers with less than two hectare of land, are both progressive social protection measures.

Monsoon deficit narrows; kharif sowing progressing well: Agri Min

India Meteorological Department (IMD) has projected overall monsoon to remain normal.

9 Aug 2019 3:20 PM IST