Market Update

India’s trade deficit widens to 10-month high of $24.16 billion in August

India’s goods trade deficit widened to $24.16 billion in August, its highest level in 10 months, as imports surged due to festive shopping in India. On a month-on-month basis, the trade deficit increased by nearly 17%, compared to the difference between exports and imports of goods of $20.67 billion in July. India’s imports hit an …

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Bombay Dyeing board approves land deal greater than m-cap, stock zooms 20%

Bombay Dyeing and Manufacturing Company’s share price rose 20% to a 52-week high of Rs 168.50 in its first trading session on September 14 after the company’s board accepted approved the sale of a 22-acre plot of land in Worli, Mumbai. The transaction’s value of Rs 5,200 crore is higher than Bombay Dyeing’s closing market …

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MC Exclusive | G20 Biofuel Alliance will facilitate green technology transfer across countries: Nitin Gadkari

Union Minister for Road Transport and Highways Nitin Gadkari said in an exclusive interaction with Moneycontrol that the Global Biofuels Alliance will facilitate the transfer of technology between countries and help accelerate the adoption of biofuels worldwide, thereby reducing air pollution. “The global biofuel alliance is essential for the future. It not only helps reduce …

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