The Nifty and the Sensex ended in negative territory on Thursday after the overhang of the BJP’s shock defeat in the by elections in UP and Bihar took the markets by surprise. 2019 will be more keenly watched. The proposed no-confidence motion Read more [...]

Trade deficit for the month of February 2018 dipped to a 5-month low of $12 billion against a trade deficit of $16.3 billion in January this year. While the exports grew by 4.5% for the month, the imports were up by 10.4% at $37.8 billion. However, there Read more [...]

Wholesale inflation for the month of February 2018 eased to 2.48% from 2.84% in the month of January 2018. This fall was led by negative inflation in primary products and almost flat inflation in manufactured products. The flat inflation in manufactured Read more [...]

In the aftermath of the PNB $2 billion fiasco, the RBI has barred the issue of letters of undertaking (LOU) for trade credit purposes. It may be recollected that LOUs were at the centre of the PNB scam wherein the bank had been defrauded to the tune of Read more [...]