Economy News

Future outlook for residential market in India remains optimistic

Future outlook for real estate market in India remains optimistic: Report

India's real estate market remains optimistic, with a Knight Frank-NAREDCO report showing a Current Sentiment Index Score of 65, indicating a measured outlook. Residential and office demands are driving growth, with 63% expecting rising residential prices and 51% anticipating increased sales. The office market also shows buoyancy in leasing, supply, and rent.

Aug 14, 2024

NSE hikes limit under Investor Protection claim

The National Stock Exchange (NSE) has increased the maximum permissible limit against a single claim from Rs 25 lakh to Rs 35 lakh per investor per claim from its Investor Protection Fund Trust. Black Box Limited, a leading IT solutions provider, announced a 55 per cent Year-on-Year (YoY) increase in profit after tax, reaching Rs 37 crore for Q1FY25.

Aug 14, 2024

India 2nd only to US in number of banks covered under deposit insurance: RBI Dy Governor

India Ranks Second Globally in Deposit Insurance Coverage

In a recent global conference held in Jaipur, India, on August 13, 2024, RBI Deputy Governor Michael Debabrata Patra announced that India's Deposit Insurance and Credit Guarantee Corporation (DICGC) has extended coverage to 1,997 banks.

Aug 13, 2024

Axis Bank-Max Life deal: Delhi HC rejects Subramanian Swamy's PIL for probe

Axis Bank on Monday welcomed the Delhi High Court's decision to dispose of a public interest litigation (PIL) filed by Bharatiya Janata Party (BJP) leader Subramanian Swamy concerning the transactions with respect to Max Life Insurance.

Aug 13, 2024

Sensex falls 885 points, investors lose over Rs 4 lakh crore

Sensex trades flat as uncertainty over SEBI-Hindenburg row continues

Indian frontline indices saw a muted opening on Tuesday due to volatility in the market.

Aug 13, 2024

EXIM Bank sees India's goods export surging to $111.7 billion in Q2

India's Export-Import Bank expects the country's goods exports to rise by 4.2 per cent to $111.7 billion in the July-Sept quarter of the current financial year on the back of strong manufacturing growth and higher demand in foreign markets.

Aug 12, 2024

LIC's new business premium surges nearly 20 pc to Rs 18,431 crore in July

The Life Insurance Corporation of India (LIC) saw a 19.78 per cent surge in its new business premium for the month of July to Rs 18,430.63 crore -- from Rs 15,386.57 crore in the same month last year.

Aug 12, 2024

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