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A CLSA report indicates India's savings from discounted Russian oil imports are around $2.5 billion annually, significantly less than media estimates. While India benefits from affordable energy, the discounts are offset by shipping costs and the need to blend with higher-quality oil. Halting Russian imports could spike global crude prices, highlighting India's role in stabilizing the market.
IndiGo welcomed the decision, citing operational stability and continuity amid ongoing global tensions.
India's textile sector receives a boost as the government extends the import duty exemption on cotton until December 2025. This move aims to enhance competitiveness in global markets, revive orders for SMEs and export units, and stabili ...more
India's industrial production surged to a four-month high of 3.5% in July, primarily fueled by a robust manufacturing sector which grew by 5.4%. While manufacturing showed strong growth, mining contracted significantly and power generat ...more
Investing consistently over a longer period, even with smaller amounts, can yield significantly higher returns due to the power of compounding. An SIP of Rs 15,000 for 20 years can generate a larger corpus than an SIP of Rs 20,000 for 1 ...more
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