India's exports contract 1% to $38.01 billion in December
The Hindu
India's imports rise by 4.8% to $59.95 billion in December 2024, while exports dip slightly to $38.01 billion.
India's merchandise exports dipped by about one per cent to $38.01 billion in December 2024 against $38.39 billion a year ago, according to government data released on Wednesday (January 15, 2025).
Imports increased by 4.8% to $59.95 billion in December 2024 compared to $57.15 billion in the year-ago month.
The trade deficit, or the gap between imports and exports, stood at $21.94 billion during the month under review.
During April-December this fiscal, exports increased by 1.6% to $321.71 billion and imports by 5.15% to $532.48 billion.
Adani group stocks surge on BSE as Sensex and Nifty rebound, with Adani Power leading the gains.
November 2024 Wholesale Price Index (WPI) inflation at 1.89%, with food prices easing in December 2024.
HCL Tech stock slumps 10% post disappointing earnings, biggest laggard among BSE Sensex and NSE Nifty firms.
Sensex and Nifty rebound in early trade after sharp decline, with HCL Tech earnings disappointing investors.
Rupee appreciates against dollar on positive inflation data and easing crude oil prices, supported by domestic equity markets.
Chinese and Indian refiners adapt to U.S. sanctions on Russian oil, seeking alternative supplies from Mideast and Africa.
Union Agriculture Ministry extends soybean procurement deadline for Maharashtra, Rajasthan, and Telangana, with increased targets and state cooperation emphasized.
HCLTech reports 5.5% rise in Q3 net profit to ₹4,591 crore, revenue grows 5.1% to ₹29,890 crore.
Maharashtra CM Fadnavis establishes soybean procurement mechanism, extends deadline, emphasizes agro hubs, onion storage, and market committee reclassification.
India's net direct tax collections growth slows slightly to 15.88% in January, with gross tax receipts at ₹20.64 lakh crore.
Congress leader Jairam Ramesh mocks PM Modi for rupee depreciation in X post, highlighting fall from ₹58.58 to ₹86.
India's retail inflation drops to 5.22% in December 2024, with food inflation at 8.4%; top items with highest inflation listed.
Microsoft is carrying out job cuts but employees in India will not lose their jobs in this round, reported The Hindu Businessline.
China's exports surge ahead of potential US tariffs, boosting trade surplus and showcasing growth in high-tech manufacturing.
Rupee hits all-time low against dollar as RBI intervenes to support currency amid Fed rate cut expectations.
Sensex and Nifty plummet due to global trends, foreign fund outflows, Brent crude rise, and strong US jobs data.
Rupee hits lifetime low against dollar amid global cues, oil surge, and foreign capital outflow, impacting Indian markets.
India’s record-breaking capital-raising spree will continue in 2025 given the strong pipeline of firms looking to go public, the head of the country’s oldest exchange told Reuters.