Economy 2

India, Guyana finalise 5 pacts; resolve to expand ties in diverse areas

The two sides inked five agreements that will provide for cooperation in a range of sectors such as hydrocarbons, healthcare, culture and agriculture

SECI signs MoU with H2Global Stiftung to promote green hydrogen initiatives

The collaboration offers India opportunity to work on joint tender design concepts, particularly in structuring joint tenders that aligns with the country's ambition to become export hub of green hydrogen and its derivatives

India asks rich nations to remove tech transfer restrictions, unilateral trade measures

India’s Environment Secretary Leena Nandan also urged rich nations to take the lead in cutting emissions and achieving net-zero by 2030

Banking Central | And, MPC has a perfect case to defer rate cuts beyond December  

The latest inflation numbers cast doubt on the MPC’s rate-cutting plans. The committee may have to wait longer to lower the rates 

Business in the Week Ahead: November 18-22, 2024

G20 meeting, NTPC Green Energy IPO, flash PMIs and financial results of Waaree Energies are the key events and data to track.

Urban cooperative banks need to evolve digitally, says RBI DG Swaminathan

There is also a need for coordinated engagement between the RBI and registrars of co-operative societies, respecting each other's roles, Swaminathan added

Cello World set to pen a stronger growth script in H2

The company experienced demand traction in October, while new products and capacity expansion will act as growth levers

Mines ministry, IEA sign pact for cooperation in critical mineral sector

This present association will give India access to reliable data, analysis, and policy recommendations in the critical mineral sector

India may seek flexibility in existing tariff concessions under FTA review with ASEAN: Official

The domestic steel industry has time and again flagged concerns over a significant increase in imports from countries like China and misuse of FTA with ASEAN

What to expect from the G20 summit in Rio de Janeiro?

Addressing global challenges is becoming tough for G20 despite the commitment of world leaders at the annual meetings

India imposes anti-dumping duty on chemical imported from China, Korea, Thailand

India has already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China

Quick Take | Asian Paints Q2: Is competition hurting growth?

Revenue contraction due to weak consumer sentiment as well as rising competition

Business in the Week Ahead (November 11- 15, 2024) 

Keep an eye out for the industrial production data from India, the US, and the UK which will be released next week. Here are some other important macroeconomic indicators that market participants should watch closely 

West Bengal to announce policies on GCC, semiconductor, says state IT Minister

The government is in the process of coming up with policies on GCC and semiconductor with the view to create digital infrastructure in the state

IT, pharma can gain from Trump presidency despite higher trade barriers

Vendor diversification and higher duties on China can benefit CDMO and chemical companies. Though renewable energy adoption can see lesser policy support

Q2 GDP growth may slow down to 6.5%; FY25 growth likely closer to 7%: SBI

April-June saw India's real GDP expanding by 6.7 percent, the lowest in 15 quarters, which led some analysts revising their expectations on growth to below 7 percent for the fiscal

Finmin asks banks to focus on cybersecurity, quicken pace of lending to agriculture and MSMEs

Recently, Prime Minister Narendra Modi spoke about the cyber crime of 'digital arrests', noting that it has hit all sections of society and urged people to exercise caution when faced with such a scam

Festive consumption growth halved in 2024, says Nomura

While festive demand remained steady in rural areas and tier-2 and tier-3 cities, metros and industrial demand was "weak", leading to "mixed" overall festive consumption trends, Nomura added

Power consumption rises marginally to 140.4 billion units in October

Power demand as well as consumption showed marginal growth mainly due to a higher base effect, experts said

TRAI likely to finalise updated regulations on curbing spam calls by January: Chairman Lahoti

A series of measures taken over the past months by the regulator to combat spam calls and malicious/fraudulent messages is leading to "significant and perceptible clean up of the system" but noted that "more needs to be done", the official said

Can labour exports act as India’s trade tonic?

The Centre may push for more work visas in bilateral deals following Germany’s decision to raise the quota for skilled Indian workers

Is the tide turning against Indian equities?

Investors should have a bias in favour of large-caps while buying the dips. It merits paying heed to the fundamentals of companies and growth outlook before jumping to buy the correction in the broader markets.

Govt recommends anti-dumping duty on Chinese drawer sliders to protect MSMEs

Imports of these sliders from China have increased to 46,276 tonnes in 2022-23 from 17,436 tonnes in 2019-20

India poised to sustain growth trajectory, likely to be world's 3rd-largest economy by 2027: FM Sitharaman

Sitharaman emphasised on the nation's determination to not just contribute to but also determine the shape and direction of global recovery, while redefining its own place in the global economic order