India's core sector growth slumps to 14-month low of 3.8% in December
Thu, Feb 1, 2024 12:49 PM

India's core sector growth slumps to 14-month low of 3.8% in December

A Flip by Shubhangi Gupta
Get it on Google Play
India's core sectors, including coal, crude oil and electricity, saw a growth of 3.8% in December, the lowest in 14 months. This is a significant drop from the previous month's 7.8% growth, which was later revised to 7.9%. Overall, the output for the first nine months of the fiscal year remained the same at 8.1%.

More great flips

Middle East share of India’s Nov oil imports at 9-month high; Russia down

Middle East share of India’s Nov oil imports at 9-month high; Russia down

India’s November crude imports showed Middle Eastern oil at a 9-month high while Russia accounted for its smallest share in three quarters, ship tracking data obtained from sources showed. Refiners in India have been gorging on cheaper Russian oil despite problems posed by sanctions aimed at reducing Moscow’s oil revenue to fund its war in Ukraine.

Open Flip
Gold extends gains after US inflation data eases rate cut worries

Gold extends gains after US inflation data eases rate cut worries

📌Gold extended gains on Monday after a softer-than-expected U.S. inflation reading revived hopes for further monetary policy easing by Federal Reserve in the coming year. 📌Spot gold gained 0.4% to $2,631.89 per ounce by 0734 GMT, rising for a third straight session after bullion prices hit their lowest since Nov. 18 on Wednesday on a hawkish Fed. 📌U.S. gold futures eased 0.1% to $2,645.80.

Open Flip
TVS Emerald buys 12-acre land worth Rs 2,800 crore in Chennai

TVS Emerald buys 12-acre land worth Rs 2,800 crore in Chennai

TVS Emerald has bought a 12-acre land to develop a real estate projects worth about Rs 2,800 crore. The company did not disclose the cost of the acquisition of the land, which is located on Radial Road (PTR) in Chennai. The land will have a development potential of 2.5 million square feet and a revenue potential of Rs 2,800 crore, the company said in a statement.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon