The government finally took note of the economic slowdown that has not only hit earnings, but also dragged the market to multi-month lows since June. Nifty itself corrected more than 1,400 points from record high touched in early June. However, that downside was controlled and the market has turned rangebound for around a month now, thanks to the government starting Read More

Indian economy grew at 7.1 per cent in April-June of the current fiscal, its slowest pace in the last six quarters, mainly due to slower growth in construction and agriculture sectors and contraction in the mining sector, as per data released by the Central Statistics Office on Wednesday. Manufacturing and electricity growth pick up pace during the April-June quarter. The Read More

Textiles Minister Smriti Irani has sought suggestions from the Wool and Woollen Export Promotion Council (WWEPC) with a view to boosting exports and creating employment in the sector, the council said on Tuesday. Representatives of the council met the minister on Monday and apprised her about the problems and steps that need to be taken for the industry. “The minister Read More