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Moody’s corporate headquarters in New York. File | Photo Credit: Reuters Moody’s Analytics on April 12 projected India’s economy to expand 6.1% in 2024, lower than 7.7% growth clocked in 2023. It said output in India remains 4% lower than it would have been without the COVID pandemic and its various aftershocks — from supply…
Read More “India’s GDP to grow 6.1% in 2024: Moody’s Analytics” »
Vodafone Idea said its board has approved a Follow-on Public Offering (FPO) of equity shares of up to ₹18,000 crore. Image used for representative purpose only. | Photo Credit: Reuters Telecom operator Vodafone Idea on April 12 said its board has approved a Follow-on Public Offering (FPO) of equity shares of up to ₹18,000 crore….
Read More “Vodafone Idea FPO worth ₹18,000 to open from April 18” »
Equity benchmark indices declined in early trade on April 12 after a record-breaking rally in the previous trade. | Photo Credit: REUTERS Equity benchmark indices declined in early trade on April 12 after a record-breaking rally in the previous trade as investors went in for profit-taking amid weak trends from Asian markets. The hotter-than-expected U.S….
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At the interbank foreign exchange, the Rupee opened at 83.36 against the dollar and touched a low of 83.38 in the initial trade, registering a fall of seven paise over its previous close. | Photo Credit: The Hindu The Rupee depreciated seven paise to 83.38 against the U.S. dollar in early trade on April 12,…
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Photo used for representation purpose only. | Photo Credit: Reuters India’s economy is expected to remain robust over the next two years even though headline growth in the country’s Gross Domestic Product (GDP) is forecast to slow from 7.6% in 2023-24 to 7% this year before improving to 7.2% in 2025-26, the Asian Development Bank…
Read More “ADB pegs India’s GDP growth at 7% in 2024-25, 7.2% next year” »
File picture of Vistara CEO Vinod Kannan | Photo Credit: KAMAL NARANG After facing significant flight disruptions recently, Vistara CEO Vinod Kannan on Thursday told the airline staff that the “worst is behind us” and operations have already stabilised. Pilot woes have forced the Tata Group airline to temporarily cut down capacity by 10% or…
Read More “Vistara Airlines CEO says ‘worst is behind us’; operations have stabilised” »
He was ranked the sixth richest person in the world in 2008 but a series of setbacks — the latest being the Supreme Court setting aside a ₹8,000 crore arbitral award that was granted in favour of a firm in his group — reversed his fortunes. An MBA from Wharton School, Anil Ambani, 64, the…
The ADB’s growth forecast for India for FY25 is in line with the projections made by the Reserve Bank of India. | Photo Credit: REUTERS The Asian Development Bank (ADB) on Thursday raised India’s GDP growth forecast for the current fiscal to 7 per cent from 6.7 per cent earlier, saying the robust growth will…
People hold posters as they stage a protest against unemployment and various other demands, in Dehradun. | Photo Credit: ANI Unemployment and price rise are the key concerns of nearly half the electorate, the CSDS-Lokniti pre-poll survey in the run-up to the 2024 general elections revealed. This was a significant finding in the first part…
Read More “lokniti-csds 2024 pre-poll survey reveals key issues in 2024 lok sabha elections” »
Irrespective of macro-economic indicators used to prove the point that the economy is doing well, voters are worried about the empirically lived economy that they experience. Image for representation | Photo Credit: Getty Images/iStockphoto As the campaign hots up and voters in some parts gear up for voting, all the masala required for the Opposition to…
Read More “CSDS-Lokniti pre-poll survey | Economy takes front seat in 2024 campaign” »