The Asian Development Bank raised India’s growth forecast for the current year to 7%, from 6.7% earlier, citing strengthening investment and improving consumption demand in the country, and pegged next year’s expansion at 7.2%. It also estimated...
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22nd Dec 2024 | Updated at 09:56pm 22nd Dec 2024
India poised to be 3rd largest economy by 2030: S&P
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said.
Bajaj Housing Finance shares surge 136% on debut
Shares of Bajaj Housing Finance, one of India's biggest mortgage providers, shot up by as much as 136 per cent to Rs 165 during its trading debut on India's stock exchanges on Monday, after the $782 mn offering drew bids for more than 67 times...
Ride-hailing services provider Ola has decided to shut down operations in the UK, Australia and New Zealand and will continue to focus on India business, its promoter ANI Technologies said.
The shareholders of Vodafone Idea have approved a proposal to issue securities worth about £2 billion, the debt-laden telecom services provider said in an exchange filing, a day after the company's virtual extraordinary general meeting (EGM).
The manufacturing activity in India rose to a 16-year high in March on the back of strong increase in output and new orders, which augured well for overall economic growth, a survey showed.
The Reserve Bank of India (RBI) kept its key lending rate unchanged at 6.5% for the seventh consecutive time. The decision was taken by a 5:1 majority at the bi-monthly Monetary Policy Committee (MPC) meeting, said RBI Governor Shaktikanta Das....
Tesla will send a team to scout locations in India this month for a proposed $2 to $3 bn electric car plant, according to two people with direct knowledge of the company’s plans.
The World Bank forecasts India's output growth to reach 7.5 per cent in FY24, driven by resilient activity in services and industry. However, growth is expected to moderate to 6.6 per cent over the medium term. The expected slowdown mainly reflects...
Adani Green Energy Limited (AGEL) has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable, and clean power to the national grid. AGEL’s operational portfolio consists of 7,393 MW solar, 1,401 MW wind and...
The current account deficit in India narrowed to $10.5 billion, or 1.2% of the country’s gross domestic product, in Q3 FY24 from $11.4 billion (1.3% of GDP) in Q2 FY24. The deficit was sharply lower than the $16.8 billion - 2% of GDP - recorded...
Global ratings agency S&P estimates India’s GDP growth to moderate to 6.8% in 2024-25 after a better than expected 7.6% growth in 2023-24.
