Africa

Amid Hindenburg row, Emkay gives Adani Green 'buy' rating

Adani Green Energy's renewable capacity grows 41% in five years, brokerage firm Emkay Global initiates coverage with 'buy' recommendation.

Aug 12, 2024

India's Manufacturing Sector Attracts $165bn FDI

Monday's sharp correction makes markets move uncertain

The correction which had set in on Friday of the previous week (2nd August) continued and we saw a sharp sell-off on Monday. Probably this was a fall which post-covid market participants had never seen before. One must ignore of course the fall witnessed on June 4 when results were declared for the general elections which were lower than what the exit polls had said. This saw a sharp reaction from the markets in India and also globally.

Aug 11, 2024

Latest Hindenburg allegations 'malicious' and no more than red herrings: Adani Group

The Adani Group on Sunday vehemently rejected the latest allegations by Hindenburg Research as "malicious, mischievous and manipulative selections of publicly available information" to arrive at "pre-determined conclusions for personal profiteering with wanton disregard for facts and the law".

Aug 11, 2024

FDI in India's manufacturing sector hits $165 bn, 69 pc growth in last 10 years

India's Manufacturing Sector Attracts $165bn FDI

India's manufacturing sector has emerged as a top destination for foreign direct investment (FDI), with a 69% surge in inflows over the last decade, reaching a staggering $165.1 billion.

Aug 11, 2024

Centre approves 8 railways projects worth Rs 24,657 cr, to create 3 cr man-days

The Cabinet Committee on Economic Affairs (CCEA) on Friday approved eight railways projects worth about Rs 24,657 crore.

Aug 10, 2024

Shaktikanta Das 25th governor of the Reserve Bank of India (RBI)

Inflation? What Else Prompted RBI to Hold Repo Rate Steady

RBI keeps repo rate at 6.5% to control inflation, leading to market decline. Despite this, there's optimism about the economy's long-term outlook and stable housing market

Aug 9, 2024

Inflation Concerns Prompt RBI to Hold Repo Rate Steady

RBI keeps repo rate at 6.5% to control inflation, leading to market decline. Despite this, there's optimism about the economy's long-term outlook and stable housing market

Aug 8, 2024

India's forex reserves at historic high of $675 billion: RBI chief

India's Forex Reserves Soar to Historic $675 Billion

India's foreign exchange reserves have reached a record high of $675 billion, showcasing the country's external sector resilience. Key indicators like current account deficit, services exports, and remittances have improved. Despite global economic challenges, India's economy remains strong

Aug 8, 2024

RBI Governor Highlights India's Financial Resilience Amidst Global Uncertainties

RBI Governor Shaktikanta Das highlighted India's financial sector's resilience, citing strong macroeconomic fundamentals and a well-capitalized banking sector.

Aug 8, 2024

Clearing time for cheques to be cut from 2 days to a few hours: RBI

The RBI aims to reduce the clearing time required for bank cheques to a few hours as part of a major step to facilitate the ease of doing business in the country, RBI Governor Shaktikanta Das

Aug 8, 2024

RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

The Reserve Bank of India (RBI) announced a projected GDP growth of 7.2% for India in the fiscal year 2024-25. This projection, made on August 8, 2024, is based on the strength of investment demand, steady urban consumption, and rising rural consumption.

Aug 8, 2024

RBI to end scam by fake loan apps, public repository to be created for digital lending apps

To address the problems arising from unauthorised digital lending apps (DLAs), the Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities to help consumers verify a digital lender.

Aug 8, 2024

RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh

The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction.

Aug 8, 2024

CBDT eases TDS rule in cases of death of deductees

CBDT Eases TDS Rules, Amends LTCG Tax: Slight Relief for Battered Taxpayers

The Central Board of Direct Taxes (CBDT) has eased the provisions of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) in the event of the death of the deductee or collectee, before the linkage of PAN and Aadhaar.

Aug 8, 2024

Taxpayers can choose between old and new LTCG regime: FM Sitharaman

New Tax Regime Offers Flexibility to Choose Between Old and New Long-Term Capital Gains: FM

Finance Minister Nirmala Sitharaman announced in Parliament that taxpayers now have the option to choose between the old and new long-term capital gains (LTCG) regimes. This announcement, part of the Union Budget for 2024-25, was made on Wednesday, August 7.

Aug 8, 2024

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