The Reserve Bank of India’s “state of economy” report, which was released on Wednesday, projects that real GDP growth in India would likely reach 6% in FY25. The current estimate, which follows the upward revision of the projected growth rate for FY24 from 6.5% to 7%, is less than the 6.5% forecast in the Monetary…
Analysts believe that although food inflation may have peaked in November at 8.7%, it may moderate gradually in the upcoming months. Due to fluctuations in important commodities included in the Consumer Price Index (CPI) basket, food inflation has been above the 6% threshold for five consecutive months as of November. Due to an 87% increase…
Following continuous inflows of foreign funds and a record-breaking run in domestic stocks, the rupee gained 29 paise to settle at 83.01 (provisional) against the US dollar on Friday. With the benchmark BSE Sensex surpassing the new milestone of 71,000, the stock markets maintained their historic run. Forex dealers reported that strong purchases by overseas…
A deal to purchase a 10% stake in CueZen, a Delaware Corporation, was announced by Titan Company Limited’s subsidiary TCL North America on Friday. We would like to notify you that TCL North America Inc., a wholly owned subsidiary of the company, has signed a Series Seed Stock Purchase Agreement with CueZen, Inc., a Delaware…
Retail inflation in India, measured by the Consumer Price Index (CPI), likely reached a three-month high of 5.7% in November from 4.87% in October due to a spike in vegetable costs. Retail inflation stood at 5.88% in November 2022. On the other hand, the poll’s projections varied greatly, ranging from 5.30 to 6.92 percent. On…
The actual Gross Domestic Product (GDP) is expected to expand by 7% from 6.5% according to the Reserve Bank of India (RBI). In addition to announcing the bi-monthly monetary policy on Friday, RBI Governor Shaktikanta Das also forecast real GDP growth for the upcoming fiscal year 2024–2025. Real GDP growth is anticipated to be 7%…
As it struggles with shortages at home, India, the world’s top consumer of ethanol made from sugar cane, is thinking about reducing its output. According to persons familiar with the situation, who wanted to remain anonymous since the talks are private, authorities are looking into a proposal to restrict the amount of sugar-cane juice used…
Wednesday’s 5 paise increase in the rupee against the US dollar to close at 83.32 (provisional) was aided by a bullish trend in local equities and steady intake of foreign funds. Forex dealers claimed that strong gains for the local currency were limited by the Reserve Bank of India (RBI) purchasing dollars and the increase…
Based on a drop in unemployment in rural areas during the rabi-sowing season, India’s total jobless rate in November dropped to 9.16% from a 29-month high of 10.05% in October, according to data from the Centre for Monitoring Indian Economy (CMIE). While the urban jobless rate increased to 9.39% from 8.44% in November, the rural…
Monday’s trading session saw the main equity indices close in the green. The BSE Sensex reached 68,863.93, up 2.05%, while the NSE Nifty 50 gained 418.90 points, or 2.07%, to end at 20,686.80. To close at 46,431.40, the Bank Nifty index increased by 1617.20 points, or 3.61%. With advances led by large- and small-cap stocks,…
