Economy News

Open networks can create economic impact of Rs 67K cr annually in India's mobility sector: ONDC

Open Networks can generate an annual economic impact of up to Rs 67,000 crore in India's mobility sector, driving inclusive growth and strengthening local economies.

Dec 16, 2024

Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26

The assets under management (AUM) of mortgage finance loans in the country is expected to grow at a healthy 16-17 per cent this fiscal and the next (FY25 and FY26)

Dec 16, 2024

India sees highest-ever office space transactions with 33 pc growth in Jan-June period

India to end 2024 with record office space leasing activity, leads globally

India is set to witness a record office space leasing activity in 2024, reaching 83-85 million square feet of gross leasing value (GLV) which is a 13 per cent growth from last year.

Dec 16, 2024

Indian SCBs clock highest-ever net profit at Rs 23.50 lakh cr in FY24, reduce NPAs

The gross non-performing asset (NPA) ratio for scheduled commercial banks (SCBs) have improved significantly with a reduction to 2.67 per cent in June 2024 from 11.18 per cent in March 2018, according to the government.

Dec 15, 2024

Reddit post accuses Zepto of toxic work culture

Zepto's Financial Surge Amidst Work Culture Controversy

Zepto's expenses surged by 71.6% in FY24, with losses of Rs 1,248.6 crore, and a negative ROCE of -119.3%. Under Aadit Palicha's leadership, IT and advertising expenses rose significantly, while the company's current assets stood at Rs 1,398 crore.

Dec 14, 2024

Vegetable prices sky-high in Bengal's retail markets ahead of Diwali

Fruits and vegetables per user goes up in India

Per capita availability of fruits and vegetables in India increased by 7 kg and 12 kg, respectively, in the last decade, according to SBI Research report.

Dec 14, 2024

Invested over Rs 6,000 crore for revival of inland waterways in 10 years: Minister

The government has invested more than Rs 6,000 crore in the past decade for the revival of inland waterways as a viable alternative of cargo movement as well as improving passenger connectivity

Dec 13, 2024

India's industrial growth to accelerate, inflation to ease in 2nd half of 2024-25: Report

India's industrial activity is expected to accelerate in the second half of the current financial year on the back of recovering consumption demand and higher export growth while inflation is likely to ease

Dec 13, 2024

CBDT meets officials to dispel doubts on faceless tax assessment.

Income tax refunds jump 46.3% to Rs 3.04 lakh crore in April-Nov

The number of tax refunds has recorded a 46.31 per cent jump to Rs 3.08 lakh crore between April 1 and November 27 this year compared to the same period of 2023, marking a significant increase in the efficiency of the Income Tax Department.

Dec 12, 2024

25 pc hike in Centre's capex to spur growth in second half of 2024-25: Report

$2.2 trillion in infra investment to help India become $7 trillion economy by 2030; Report

An estimated investment of $2.2 trillion into infrastructure development is imperative to support India's GDP size to expand to $7 trillion by 2030.

Dec 12, 2024

Centre's Industrial Corridor Projects giving big push to manufacturing: Minister

India's industrial development is getting a big push with work in full swing on projects under the National Industrial Corridor Development Programme (NICDP) aimed at the development of greenfield industrial areas in the country which can compete with the best manufacturing and investment destinations in the world

Dec 10, 2024

Indian mutual fund industry's AUM crosses Rs 68 lakh crore for 1st time

The assets under management (AUM) of the mutual funds (MFs) in India increased to Rs 68.08 lakh crore in November from Rs 67.25 lakh crore in October

Dec 10, 2024

SIP investments in India above Rs 25,000 crore for 2nd month in a row

The inflow into systematic investment plans (SIPs) stood at Rs 25,320 crore in November in the country, almost similar to the October figures (Rs 25,323 crore)

Dec 10, 2024

RBI, Finance Ministry coordination at its best, says Shaktikanta Das

The Reserve Bank of India and the Finance Ministry have been on "best terms with excellent coordination and cooperation" over the last six years, outgoing RBI Governor, Shaktikanta Das, said in his farewell address on Tuesday.

Dec 10, 2024

Sanjay Malhotra to replace Shaktikanta Das as RBI Governor

Who is Sanjay Malhotra? New RBI Governor set to replace long-serving Shaktikanta Das

The Central government on Monday appointed Sanjay Malhotra, Secretary (Revenue) in the Ministry of Finance as the next Reserve Bank of India Governor. He will replace Shaktikanta Das, who with a six-year stint is the second-longest serving RBI Governor.

Dec 9, 2024

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Economy News

Open networks can create economic impact of Rs 67K cr annually in India's mobility sector: ONDC

Mortgage finance AUM in India projected to grow 16-17 pc in FY25 and FY26

India to end 2024 with record office space leasing activity, leads globally

Indian SCBs clock highest-ever net profit at Rs 23.50 lakh cr in FY24, reduce NPAs

Zepto's Financial Surge Amidst Work Culture Controversy

Fruits and vegetables per user goes up in India

Invested over Rs 6,000 crore for revival of inland waterways in 10 years: Minister

India's industrial growth to accelerate, inflation to ease in 2nd half of 2024-25: Report

Income tax refunds jump 46.3% to Rs 3.04 lakh crore in April-Nov

$2.2 trillion in infra investment to help India become $7 trillion economy by 2030; Report

Centre's Industrial Corridor Projects giving big push to manufacturing: Minister

Indian mutual fund industry's AUM crosses Rs 68 lakh crore for 1st time

SIP investments in India above Rs 25,000 crore for 2nd month in a row

RBI, Finance Ministry coordination at its best, says Shaktikanta Das

Who is Sanjay Malhotra? New RBI Governor set to replace long-serving Shaktikanta Das

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

Deepika Padukone is a sight to behold in velvet gown; attends Academy Museum Gala with Selena Gomez, Dua Lip [see pics]

Is exhibiting cleavage mandatory? Malaika Arora opts for low neck sleeveless outfit at event in Vrindavan, leaves netizens furious

'She is cruel…': Ankita Lokhande CRIES after fight with Mannara, tells Vicky she wants to go home; fans react