Economy News

Indiaspora founder MR Rangaswami

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
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
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
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