India’s exports hit a record $35.2 bn as demand revives

ndia exported goods worth a record $35.2 billion in July, signalling that the rapid economic recovery in key Western markets is increasing demand for Indian products. Merchandise imports also shot up to $46.4 billion, the second highest in history, leading to a widening of the trade deficit to $11.2 billion during the month, according to …

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Factory output sees uptick as curbs are eased

As states began easing pandemic-induced localized restrictions, manufacturing activity in India grew the strongest in three months in July, emerging from the previous month’s contraction that was the first in nearly a year. Data issued by analytics firm IHS Markit showed purchasing managers’ index (PMI) for the manufacturing sector rose to 55.3 in July from …

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RBI imposes ₹50.35 lakh penalty on Nashik-based Janalaxmi Co-operative Bank

RBI said the penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the two lenders with their customers. PTI | , Mumbai PUBLISHED ON AUG 02, 2021 11:05 PM IST Reserve Bank of India on Monday said it has …

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Bitcoin drops to around $40,000 after achieving highest levels since May

Bitcoin pulled back to around $40,000 after climbing over the weekend to the highest levels since May. The largest cryptocurrency fell about 4.8% to $39,280 as of 8:42 a.m. in New York after dropping as much as 5.6% Monday. Other virtual coins including second-ranked Ether also fell. Analysts suggested profit-taking lay behind the declines. This …

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Gold prices fall on first day of the week, trades at 46,917 for 10 gram in Delhi

Gold prices in India fell on Monday due to speculators reducing their positions amid low demand. Gold contracts on the multi-commodity exchange (MCX) for the October delivery traded lower by ₹136 or 0.28%, to ₹47,865 per 10 gram in a business turnover of 12,694 lots. Gold prices also fell by ₹124 to ₹46,917 per 10 …

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