Business

On Wednesday, Fed had warned that it could raise interest rates two more times this year in its battle against inflation.

“The recovery in imports points to domestic demand resilience,” said Madhavi Arora, lead economist at Emkay Global. Arora also pointed to a seasonal trend, citing a typical increase in imports in May after a slump in the previous month.

India's key officials discussed borrowing, disinvestment targets, and state budgets with Moody's today, the finance ministry official, who didn't wish to be named.

Piyush Goyal, India's trade minister, is on a visit to Brussels to meet EU leaders to address bilateral issues and promote trade.

Frozen fish, the second largest exported item, fetched Rs 5,503.18 crore (USD 687.05 million) accounting for 21.24 percent in quantity and 8.49 percent in dollar earnings.

The deal is close to the finish line, according to people with knowledge of the matter, who asked not to be identified as the details are confidential.

PhonePe controlled 46% share of the payments market in December, according to National Payments Corporation of India, and has 400 million registered users.

Brent crude rose 0.38 percent to USD 76.25 a barrel

State Bank of India announced on Friday that it plans to raise up to Rs 50,000 crore in the current fiscal through debt instruments from both domestic and international markets.

Tech giant Google has tightened up its attendance policies as the Covid pandemic is almost over.