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Economy

Mcap of four of top 10 most-valued firms rises by Rs 65,671 crore

Mcap of four of top 10 most-valued firms rises by Rs 65,671 crore

Sun, Nov 26, 2023

The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.

India's space economy set to reach USD 40 billion by 2040: Union Minister Jitendra Singh

India's space economy set to reach USD 40 billion by 2040: Union Minister Jitendra Singh

Sun, Nov 26, 2023

The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even go up to USD 100 billion by 2040.

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Sat, Nov 25, 2023

Germany's economy shrank in recent months and business confidence is still in the dumps, according to figures, while the government is struggling to overcome a budget crisis that threatens to exacerbate problems in what was already the world's worst-performing major developed economy.

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India's economic growth remains strong: DSP Mutual

India's economic growth remains strong: DSP Mutual

Thu, Feb 16, 2023

India's economic growth continues to remain strong even in times when the world is facing economic turbulence, said DSP Mutual Fund.

Rural wage growth trailing inflation, govt should continue support: Report

Rural wage growth trailing inflation, govt should continue support: Report

Thu, Feb 16, 2023

Rural wage growth is trailing inflation and the government needs to continue with policy support to help people in the mofussil areas, a credit information company said on Thursday.

RBI announces 2nd global hackathon HARBINGER 2023

RBI announces 2nd global hackathon HARBINGER 2023

Wed, Feb 15, 2023

The Reserve Bank on Tuesday announced its second global hackathon -- 'HARBINGER 2023 - Innovation for Transformation' with the theme 'Inclusive Digital Services'.

Inform borrowers about recovery agents: RBI directs digital lenders

Inform borrowers about recovery agents: RBI directs digital lenders

Wed, Feb 15, 2023

The Reserve Bank on Tuesday directed digital lending entities to disclose upfront the names of their empanelled agents authorised to contact borrowers in case of default of loan, and also intimate the details to customers before initiating the recovery process.

Higher govt capex to help infra companies clock 17-20% revenue growth next fiscal

Higher govt capex to help infra companies clock 17-20% revenue growth next fiscal

Tue, Feb 14, 2023

The revenue growth of most of the EPC players is driven by the rise in capital outlay by the Centre, public sector undertakings and states for the infrastructure segment and the corresponding construction intensity in each of the infrastructure segments.

Global Investors Summit 2023: Aditya Birla Group commits Rs 25,000 crore investment in UP

Global Investors Summit 2023: Aditya Birla Group commits Rs 25,000 crore investment in UP

Fri, Feb 10, 2023

Global Investors Summit 2023: Aditya Birla Group on Friday committed Rs 25,000 crore investment across its various businesses in Uttar Pradesh.

Creator Economy: How newly launched firm is nurturing digital creators to grow their communities, maximize earnings

Creator Economy: How newly launched firm is nurturing digital creators to grow their communities, maximize earnings

Thu, Feb 09, 2023

The creator economy has the huge potential to emerge as a disruptor in the Indian economy impacting job creation for millions of influencers.

Govt mulling mandating LIC, pension fund to invest 1% in green energy

Govt mulling mandating LIC, pension fund to invest 1% in green energy

Wed, Feb 08, 2023

The Indian government is considering mandating the Life Insurance Corp of India (LIC) and sovereign pension fund to invest 1% of their assets under management in bonds issued by state-run power lending firms to finance green projects, two sources said.

Number of digital payment transactions spike in FY 2021-22

Number of digital payment transactions spike in FY 2021-22

Wed, Feb 08, 2023

The Ministry informed that Growth of Digital Payments in India and availability of various easy and convenient digital payment solutions have facilitated ease of living for citizens, financial inclusion, and growth of business and economy.

GST on cement: FM Nirmala Sitharaman makes big statement

GST on cement: FM Nirmala Sitharaman makes big statement

Wed, Feb 08, 2023

GST on cement: Speaking at an event of Confederation of Indian Industry (CII) on Tuesday, Sitharaman said that the matter will be examined and if required will be considered for referral to the GST fitment committee.

RBI Monetary Policy: Full text of RBI Governor Shaktikanta Das speech

RBI Monetary Policy: Full text of RBI Governor Shaktikanta Das speech

Wed, Feb 08, 2023

RBI Monetary Policy: The RBI on Tuesday projected India's economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal- read full speech.

Coal import cannot be zero, its blending with domestic dry fuel helped plants maintain stock: Govt

Coal import cannot be zero, its blending with domestic dry fuel helped plants maintain stock: Govt

Tue, Feb 07, 2023

During 2022-23 (till January 2023), Coal India Ltd despatched 485.99 million tonne (provisional) coal to the power sector as compared to 440.05 MT during the same period a year ago, registering a growth of about 10 per cent.

Indian IT services industry's growth pace may slow down in near to mid term: ICRA

Indian IT services industry's growth pace may slow down in near to mid term: ICRA

Mon, Feb 06, 2023

Ratings agency ICRA sees lower hiring by the IT service companies in the near term given that excess capacities were added in FY2022 and expects moderation in demand compared to previous fiscals amid macroeconomic headwinds.

RBI MPC Meeting: Will central bank press pause button on repo rate hike?

RBI MPC Meeting: Will central bank press pause button on repo rate hike?

Mon, Feb 06, 2023

RBI MPC Meeting: With the retail inflation down, if the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8.

India's economy already 10% more energy efficient than G20 average: IEA

India's economy already 10% more energy efficient than G20 average: IEA

Mon, Feb 06, 2023

The IEA has analysed the impact of measures like those proposed by the LiFE initiative, such as buying an EV or taking public transport, as part of comprehensive energy transition strategies.

GST Council to meet on February 18

GST Council to meet on February 18

Fri, Feb 03, 2023

"The 49th meeting of the GST Council is scheduled to be held at New Delhi on February 18, 2023," the GST Council said in a tweet on Friday

No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says

No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says

Fri, Feb 03, 2023

There is no timeline to remove the old tax regime Revenue Secretary Sanjay Malhotra has said. He said that 50-60 per cent of the tax payers may switch to the new tax regime

RBI to hike repo rate by 25 bps in February, ending tightening cycle: Reuters poll

RBI to hike repo rate by 25 bps in February, ending tightening cycle: Reuters poll

Mon, Jan 30, 2023

The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi's Feb. 1 budget, before leaving it at that level for the rest of the year, a Reuters poll of economists found.

Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis

Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis

Sun, Jan 29, 2023

Pakistan Petrol-Diesel Price Hike: Pakistan's Finance Minister Ishaq Dar made the announcement in a televised address on Sunday morning. The new rates have come into effect from 11 am on January 29.

Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan?

Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan?

Sat, Jan 28, 2023

Union Budget 2023: In the year 1980, the government decided to set up a printing press in the North Block and since then the printing work of the Union Budget is being done in the North Block as of today.

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