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From a fiscal year perspective, the brokerage said it expects growth to accelerate to 6.5 per cent for FY25 from the 6.2 per cent it has projected for the ongoing FY24, it added.
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PM’s remark at Global South summit more in sync with India’s long-standing Palestine diplomacy and in line with New Delhi’s global ambitions
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India’s reserve position with the IMF (International Monetary Fund) was up by $3 million to $4.791 billion in the reporting week, the data showed.
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The rupee has been unable to gain from these favourable cues in the face of persistent dollar demand from local importers, traders said.
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Typically, before a general election, the Centre presents the Economic Survey only when the full annual financial statement is tabled around June-July. But this time around, the ministry is considering a short document similar to the survey detailing the state of the economy.
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Piyush Goyal’s proposed meeting with the Tesla boss could not take place, delaying the electric carmaker’s India investment plan
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On Monday, the rupee declined by 5 paise to settle at its all-time low of 83.33 against the American currency. The forex markets were closed on Tuesday on account of Diwali-Balipratipada.
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Asian stocks gained ground as investors awaited US inflation figures, hoping to confirm that interest rates have peaked.
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The meeting is expected to push some key areas of mutual interest between both the nations. The ties had been impacted recently after a Chinese spy balloon had wafted across the US earlier this year.
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What has local train travel got to do with exports? Analysis suggests a strong link. A one-standard-deviation increase in geographic integration leads to a 4% rise in a firm’s export revenue, driven by a 5% reduction in the unit price of exported products and a 9% increase in export volume
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New Delhi should remain focused on FTAs as the final contours of the US-led initiative and IPEF benefits will take time to emerge
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From macroeconomic events, inflation data for October is scheduled to be announced on Monday while WPI (Wholesale Price Index) inflation will come on Tuesday.
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On the domestic equity market front, the BSE Sensex closed 72.48 points or 0.11 per cent higher at 64,904.68 points.
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The joint venture will design, develop, certify, produce, sell, and support helicopter engines. The first opportunities identified are engines for the Indian Multi-Role Helicopter (IMRH) and Deck-Based Multi-Role Helicopter (DBMRH)
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Renewable Power Obligation includes a “distributed renewable energy” segment, making it mandatory for discoms to source roof-top solar power
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These creative metrics give unique insights into the complex interplay of economic forces, consumer behaviour and societal trends, are entertaining and, sometimes, surprisingly accurate, but should be interpreted with caution.
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A concerted global effort is required to frame governance rules for the evolving cutting-edge technology space
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L&T CFO talks about how Mumbai infrastructure is stretched and it can't be the panacea to “every empty stomach”. There is need to shift jobs elsewhere too, he says.
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Lakhs of notices have been sent to companies and individuals. Has the GST reform gone awry? What can you do if you have received a notice? And how soon can you expect relief. Shweta Punj chats with experts who decode for you
#gst #notice #tax
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Pockets of power deficit can stand in the way of India striving to ensure 24x7 quality electricity to power economic growth
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While the rupee hardly budged on Tuesday, worries over a shortage of dollars drove the USD/INR overnight swap rate and forward premiums lower.
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When competitors report a sharp decline in specific garment exports, shipments of those from Bangladesh grew in July-August. From $48 billion in 2021, forex reserves are a lowly $21 billion. A $12 billion gap between shipment values and export receipts suggests corruption or data fudging. Exchange rate mishandling has dented the trust of migrant workers and their foreign remittances
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Consumer behaviour in India post Covid is different in India from the West. Do not take Western formulations as gospel truth be it for vaccines or marketing
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The number of robots deployed on factory floors has gone up sharply in China, much faster than in any other country in the world. Between 2017 and 2021, robot density, defined as the number of robots per 10,000 employees in manufacturing, went up from 97 to 322 in China, that is more than trebled
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Possible higher recovery of evaded GST in FY23-24 is not a comfort but a concern
