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Foreign direct investment (FDI) inflows into India have crossed the $1 trillion milestone in the April 2000-September 2024 period, firmly establishing the country’s reputation as a safe and key investment destination globally. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), the cumulative amount of FDI, including equity, reinvested earnings…
Reserve Bank of India (RBI) Deputy Governor Rajeshwar Rao. File. | Photo Credit: Reuters Reserve Bank Deputy Governor M. Rajeshwar Rao on Saturday (December 7, 2024) pitched for an enforceable code of conduct for the Committee of Creditors (CoC) under the insolvency resolution process. While emphasising that the Insolvency and Bankruptcy Code (IBC), which was…
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Impacted by an increase in soap prices and unseasonal rainfall slowing down sales of the home insecticides (HI) segment, Godrej Consumer Products expects a “flattish” underlying volume growth and a mid-single-digit sales growth in the domestic market in the December quarter. Both segments jointly contribute to two-thirds of GCPL’s standalone revenue — mainly income from…
“Mahindra’s mark is “BE 6e” not the standalone “6E”. We believe it differs fundamentally from IndiGo’s “6E,” which represents an airline, eliminating any risk of confusion,” Mahindra said in a statement . | Photo Credit: Reuters Mahindra & Mahindra Limited (M&M) has announced to change the brand name of its electric origin SUV to BE 6…
The world is bullish on India, the country’s top economist, currently Executive Director of the International Monetary Fund (IMF) has said, noting that India’s public digital infrastructure and inclusive growth is not only being talked about but also applauded by the International community. “I think the Indian economy has been growing overall very well. Post-COVID,…
In the past five trading days, the BSE benchmark jumped 2,722.12 points, or 3.44%. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty ended marginally lower in a highly volatile trade on Friday (December 6, 2024), snapping their five-day rally, after the Reserve Bank of India kept the policy rate unchanged but sharply…
Forex traders said an overall decline in the U.S. dollar and crude oil prices supported the rupee. However, weak domestic markets capped sharp gains. File | Photo Credit: The Hindu The rupee settled on a flat note and appreciated by just 1 paisa to close at 84.70 (provisional) against the U.S. dollar on Friday (December…
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Security Personnel passes by a logo of Reserve Bank of India outside RBI Headquarters in Mumbai on December 6, 2024. | Photo Credit: Emmanual Yogini The Reserve Bank on Friday (December 6, 2024) proposed to allow small finance banks to extend pre-sanctioned credit lines through Unified Payments Interface (UPI). UPI is an instant real-time payment…
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Watch: Q3 GDP growth lower than expected: RBI Governor Shaktikanta Das Source link
U.S. investment banker JP Morgan has given ‘overweight’ rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. Also read: Fitch places some Adani bonds on negative watch after U.S. bribery charges In a report, JP Morgan gave ‘overweight’ rating on…
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