Wholesale price inflation stays in negative zone for 7th straight month in Oct

IANS | November 14, 2023 2:47 PM

New Delhi, Nov 14 (IANS) The country’s inflation rate based on the wholesale price index (WPI) remained in the negative zone for the seventh consecutive month in October at (-) 0.52 per cent as prices of food items, chemical products and textiles fell during the month compared to the same month last year.

GeM witnesses significant growth in average GMV per day

IANS | November 13, 2023 5:47 PM

New Delhi, Nov 13 (IANS) Commerce and Industry Ministry on Monday said that the Government’s e-Marketplace (GeM) has soared past Rs 2 lakh crore in gross merchandise value (GMV) within less than eight months of the current financial year, surpassing the total GMV achieved in 12 months of last financial year that ended on March 31.

Sunil Mittal’s Uganda IPO flops as investors prefer bonds: Report

IANS | November 7, 2023 9:30 PM

Kampala (Uganda), Nov 7 (IANS) Indian billionaire Sunil Mittal’s Airtel Uganda Ltd. failed to sell about half of the shares on offer in its initial public offering (IPO), as investors stayed away, preferring high-yield government bonds, a media report said.

Buy on dips strategy has worked well for investors

IANS | November 6, 2023 11:21 AM

New Delhi, Nov 6 (IANS) The ability of stock markets to climb walls of worries is manifesting clearly in these troubled times, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.