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Reserve Bank of India (RBI) Governor Shaktikanta Das delivers the Monetary Policy statement, Friday, December 6, 2024. | Photo Credit: PTI The Reserve Bank of India (RBI) on Friday (December 6, 2024_) has projected India’s real GDP growth for FY25 at 6.6%, with Q3 at 6.8% and Q4 at 7.2%.. The real GDP growth in…
Shaktikanta Das, Governor, Reserve Bank of India. File. | Photo Credit: Thulasi Kakkat The Reserve Bank of India’s Monetary Policy Committee (MPC) on Friday (December 6, 2024) decided to keep the policy repo rate unchanged at 6.50% for the 11th consecutive time. The last time the MPC had increased rates to 6.5% was in February…
From the 30-share Sensex pack, Tata Consultancy Services, Titan, Infosys, Bharti Airtel, Bajaj Finance, ICICI Bank, HCL Technologies and Tech Mahindra were the biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty maintained their winning run on Thursday (December 5, 2024), rising 1%, propelled by buying in IT stocks amid a rally…
Read More “Sensex, Nifty surge on buying in IT stocks, foreign fund inflows” »
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading lower by 0.16% at 106.15. File | Photo Credit: The Hindu The rupee recovered from its all-time low level and settled for the day with gains of just 3 paise at 84.72 (provisional) against the U.S. dollar in a…
Read More “Rupee recovers from all-time low, rises 3 paise to close at 84.72 against U.S. dollar” »
Hyundai Motor India Limited’s price increase will impact all the 2025 models. | Photo Credit: AP Hyundai Motor India Limited on Thursday (December 5, 2024), said it will increase prices of its vehicles across model range by up to ₹25,000 from January 1, 2025. “The price increase has been necessitated owing to an increase in…
Read More “Hyundai to hike prices by up to ₹25,000 from January 1, 2024” »
Hyundai Motor India Limited’s price increase will impact all the 2025 models. | Photo Credit: AP Hyundai Motor India Limited on Thursday (December 5, 2024), said it will increase prices of its vehicles across model range by up to ₹25,000 from January 1, 2025. “The price increase has been necessitated owing to an increase in…
Read More “Hyundai to hike prices by up to ₹25,000 from January 1, 2025” »
An Afghan woman tailor works with a sewing machine in the Afghan Women Business Hub in Kabul. File | Photo Credit: AP “Afghanistan’s economy is showing modest signs of growth after two years of severe contraction,” the World Bank said. In its latest development update issued late on Wednesday (December 4, 2024), the Financial Institution…
Image used for representational purpose. | Photo Credit: Reuters Rupee opened on a flat note and rose just 4 paise from its all-time low level to 84.71 against the U.S. dollar in morning trade on Thursday (December 5, 2024), as the support from positive domestic equities was negated by the broad strength of the American…
Read More “Rupee trades in narrow range against U.S. dollar in early trade” »
Abhinandan Lodha. File | Photo Credit: The Hindu HoABL Infraworld Private Limited, led by Abhinandan Lodha, has announced the acquisition of the iconic American Centre in Mumbai for ₹56 crore. The ground plus seven-storey structure spans 13,37.81 sq. metre with views of the Mumbai harbour on the east and the Marine Drive on the west. “This property, part of U.S. Consulate General in Mumbai, will have a developmental potential…
Read More “Abhinandan Lodha acquires Mumbai American Centre for ₹56 crore” »
Commenting on the Startup Policy Forum’s initiative, Piyush Goyal, Union Minister of Commerce and Industry said this ‘should reinforce India’s global leadership in the new-age economy.’ File photo | Photo Credit: ANI Startup Policy Forum (SPF), an alliance to advance India’s emerging sectors and a platform for collaboration between founders, policymakers and regulators, announced its formation…
Read More “SPF to bring together 30 startups, policymakers and regulators” »
