Economy News

India a bright spot, to remain fastest-growing major economy this year: Report

Despite global .macro-economic conditions, India continues to remain a bright spot and is expected to be the fastest-growing major economy this year

Aug 20, 2024

India records 26 pc jump in FDI flows in first quarter

The gross foreign direct investment (FDI) flowing into the Indian economy has surged by 26.4 per cent to $22.5 billion during the April-June quarter of the current financial year compared to the same quarter of the previous year, according to the RBI's latest monthly bulletin.

Aug 20, 2024

Global job postings up 7.3 pc in April-June; US and India markets lead

Driven by rising demand for talent in the US and India markets, the global hiring activity showed positive trends in the April-June period (Q2 2024), with job postings increasing 7.3 per cent

Aug 19, 2024

Adani Portfolio clocks 50 pc surge in net profit, stands at Rs 10,279 cr in Q1

Led by emerging businesses, including solar and wind manufacturing as well as airports and roads, the Adani Portfolio's net profit soared 50.1 per cent to Rs 10,279 crore (year-on-year) in the first quarter of this fiscal, while EBITDA reached Rs 22,570 crore -- up 32.9 per cent YoY

Aug 19, 2024

Bangladesh raises cash withdrawal limit to 300,000 taka via cheques

Bangladesh liberalises cash withdrawal limit from 100,000 taka to 300,000 taka via cheques

The central bank of Bangladesh has set a new cash withdrawal limit of 300,000 taka (2,542 U.S. dollars) via cheques per account per day starting from Sunday.

Aug 19, 2024

PM Modi meets Foxconn Chairman, discusses investments in 'futuristic sectors

Foxconn India biz surges to $10 bn, Apple India operations at $23.5 bn in value

Foxconn's business in India has grown to $10 billion, driven by the 'Make in India' initiative and production-linked incentive scheme, with plans for further investment and job creation.

Aug 19, 2024

Sensex gains 42 points, but analysts predict market uncertainty ahead over tension in Middle East

Sensex trades higher on positive global cues, gains 200 points; Nifty up 80pts

Indian equity benchmarks opened in the green on Monday, following positive sentiments in global markets.

Aug 19, 2024

Going global: UAE opens Rupee payment mode via UPI to encourage Indian customers

The government of India has been promoting UPI as a global payment platform. Now merchants in the United Arab Emirates (UAE) are accepting payments via UPI in Rupees to attract Indian customers.

Aug 17, 2024

FPIs pump around Rs 65,000 crore over 12 months

Portfolio Investors (FPIs) invested Rs 64,824 crore in the last 12 months (August 2023 to August 2024-till now) in the Indian share market.

Aug 16, 2024

Sensex closes higher on positive global sentiment

Indian equity indices closed in the green on Wednesday supported by positive action in global markets.

Aug 14, 2024

How Indian community becoming 'mainstay' of US economy, Indiaspora founder shares details

Indiaspora founder MR Rangaswamy highlighted the Indian diaspora's significant contributions to the US economy, with many holding top positions in tech, education, and healthcare. They generate jobs, cater to millions of patients, and tutor students. The community also drives India's growth through investments and philanthropy, bridging the two nations.

Aug 14, 2024

Silicon Valley optimistic of India growth story: MR Rangaswami, Indiaspora founder

Indiaspora founder MR Rangaswami, launching the Impact report on the Indian community's contribution on American economy, has said that the Silicon Valley is highly optimistic of the India growth story and many Indian-Americans are investing in the country's start-up ecosystem.

Aug 14, 2024

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

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Economy News

India a bright spot, to remain fastest-growing major economy this year: Report

India records 26 pc jump in FDI flows in first quarter

Global job postings up 7.3 pc in April-June; US and India markets lead

Adani Portfolio clocks 50 pc surge in net profit, stands at Rs 10,279 cr in Q1

Bangladesh liberalises cash withdrawal limit from 100,000 taka to 300,000 taka via cheques

Foxconn India biz surges to $10 bn, Apple India operations at $23.5 bn in value

Sensex trades higher on positive global cues, gains 200 points; Nifty up 80pts

Going global: UAE opens Rupee payment mode via UPI to encourage Indian customers

FPIs pump around Rs 65,000 crore over 12 months

Sensex closes higher on positive global sentiment

How Indian community becoming 'mainstay' of US economy, Indiaspora founder shares details

Silicon Valley optimistic of India growth story: MR Rangaswami, Indiaspora founder

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

NSE hikes limit under Investor Protection claim

India Ranks Second Globally in Deposit Insurance Coverage

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