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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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FPIs turn net buyers in Nov; invest Rs 36,329 crore in equities

FPIs turn net buyers in Nov; invest Rs 36,329 crore in equities

Sun, Dec 04, 2022

India will get its fair share of Foreign Portfolio Investors (FPIs) money, however, the high valuation will be a deterrent, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

Abu Dhabi seeks Indian investments, invites start-ups to establish hubs

Sun, Dec 04, 2022

Abdulla Abdul Aziz Alshamsi, Acting Director General of Abu Dhabi Investment Office (ADIO) told PTI that his office will facilitate all investment avenues for Indian companies and called this as a natural extension of the growing relations between India and the UAE.

Govt working to extend Rs 3,500-crore PLI benefits to BIS-compliant toys

Govt working to extend Rs 3,500-crore PLI benefits to BIS-compliant toys

Sun, Dec 04, 2022

The official said that the measures announced by the government for the toys industry like introduction of quality control orders and increasing customs duties from 20 per cent to 60 per cent has helped in cutting down sub-standard imports and promoting domestic manufacturing in the country.

Govt to tighten scrutiny of imports; sets up 4-5 task forces to boost telecom manufacturing

Govt to tighten scrutiny of imports; sets up 4-5 task forces to boost telecom manufacturing

Sun, Dec 04, 2022

The minister had a meeting with over 40 CEOs of telecom gear makers that have qualified for production linked incentive scheme and decided to set up 4-5 task forces to provide market support to them as well as streamline their business for value addition in the economy.

IMF says it fully supports India's G20 agenda

IMF says it fully supports India's G20 agenda

Sat, Dec 03, 2022

The G20's Bali Declaration last month acknowledged differences among members on the Russia-Ukraine war but stressed that it was essential to adhere to international law, including the protection of civilians caught in conflicts.

Oil price cap on Russian oil will benefit emerging markets, help constrain Putin's finances: US

Oil price cap on Russian oil will benefit emerging markets, help constrain Putin's finances: US

Sat, Dec 03, 2022

The US said the price cap is an "important tool" to restrict the revenue Russia receives to fund its illegal war in Ukraine, while also maintaining a reliable supply of oil onto global markets.

Indian forex reserves grow by USD 2.9 billion to USD 550.14 billion

Indian forex reserves grow by USD 2.9 billion to USD 550.14 billion

Sat, Dec 03, 2022

In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

Budget 2023: Govt to offer incentives to boost shipbuilding industry

Budget 2023: Govt to offer incentives to boost shipbuilding industry

Fri, Dec 02, 2022

Budget 2023: A government panel has told the finance ministry that local tax rules deter investment in the shipping industry, compared to the tax regimes of Singapore, Malta, Cyprus and Panama, where the majority of global carriers were registered.

Panel proposes GST for natural gas; recommends compensation to states for 5 years

Panel proposes GST for natural gas; recommends compensation to states for 5 years

Wed, Nov 30, 2022

A committee headed by Kirit Parekh has submitted its recommendation on gas pricing formula to the government on Wednesday. In an exclusive chat with Zee Business, Chairman of the Sustainable Gas Pricing Committee gives detailed insights

S&P cuts India's growth forecast to 7% for FY23

S&P cuts India's growth forecast to 7% for FY23

Mon, Nov 28, 2022

S&P had in September projected the Indian economy to grow 7.3 per cent in 2022-23 and 6.5 per cent in next fiscal year (2023-24).

Strong bank loan growth in FY23 despite higher interest rates: Fitch

Strong bank loan growth in FY23 despite higher interest rates: Fitch

Mon, Nov 28, 2022

The rating agency expects greater competition for deposits over time, for example through higher rates on deposit accounts, as banks' liquidity buffers fall in their pursuit of loan growth.

With no signs yet of inflation cooling, experts predict more rate hikes

With no signs yet of inflation cooling, experts predict more rate hikes

Mon, Nov 28, 2022

As retail inflation in India continues to remain above the RBI's comfort zone for the past 10 months, analysts feel that more hikes are expected in future.

Free Trade Agreement: Series of steps underway to promote India-UAE trade pact to boost exports, says official

Free Trade Agreement: Series of steps underway to promote India-UAE trade pact to boost exports, says official

Sat, Nov 26, 2022

India's exports to the UAE rose by 12.5 per cent to USD 12.67 billion in June-October 2022. Imports during the period have increased by 21 per cent to USD 22.2 billion, Joint Secretary in the department, Srikar Reddy, told.

9 of 10 business leaders in India feel economic uncertainty may threaten flexible working: Research

9 of 10 business leaders in India feel economic uncertainty may threaten flexible working: Research

Mon, Nov 14, 2022

The research highlights a growing disconnect between what professionals want and what employers are now offering, with the balance of power shifting back to employers as hiring slows.

RBI Governor Shakitkanta Das says inflation print for October likely to be lower than 7% - know details!

RBI Governor Shakitkanta Das says inflation print for October likely to be lower than 7% - know details!

Sat, Nov 12, 2022

The rate-setting Monetary Policy Committee headed by the RBI Governor has been mandated by the government to keep inflation within 2-6 per cent range. On the Indian economy, Das said the macroeconomic fundamentals remain strong and growth prospects are looking good.

Moody's cuts India's economic growth projections to 7% for 2022 amid growing global slowdown concerns

Moody's cuts India's economic growth projections to 7% for 2022 amid growing global slowdown concerns

Fri, Nov 11, 2022

Global economy is on the verge of a downturn amid extraordinarily high levels of uncertainty amid persistent inflation, monetary policy tightening, fiscal challenges, geopolitical shifts and financial market volatility.

Govt not to impose anti-dumping duty on Chinese metal cutter wheels

Govt not to impose anti-dumping duty on Chinese metal cutter wheels

Tue, Nov 08, 2022

In international trade parlance, dumping happens when a country or a firm exports an item at a price lower than the price of that product in its domestic market.

Government clears 23rd tranche of electoral bonds; sale from November 9 - check details here!

Government clears 23rd tranche of electoral bonds; sale from November 9 - check details here!

Mon, Nov 07, 2022

Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding.

Government resumes sugar exports; allows 6 mn tons on quota basis till May 31 - Details

Government resumes sugar exports; allows 6 mn tons on quota basis till May 31 - Details

Sun, Nov 06, 2022

The sugar production in the new 2022-23 season commenced in Maharashtra and Karnataka from October onwards, whereas in Uttar Pradesh and rest of the cane growing states, it will kick off in a week's time.

India faces global shocks with better balance sheets; medium-term growth outlook good: CEA V Anantha Nageswaran

India faces global shocks with better balance sheets; medium-term growth outlook good: CEA V Anantha Nageswaran

Sun, Nov 06, 2022

"Overall, all things considered, including the risk of oil price, I do believe that the external situation will be manageable, of course with some anxious moments to come," V Anantha Nageswaran said.

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