Moody's sees GDP expanding 6.8% in 2024 on post-poll policy continuity

Moody's Ratings on Friday projected India to grow 6.8 per cent in the current year (2024), followed by 6.5 per cent in 2025, on the back of strong, economic expansion, along with post-election policy continuity.

Steel, electricity push Apr core sector output 6.2%

The output of India's eight key infrastructure industries expanded 6.2 per cent year-on-year (Y-o-Y) in April, aided by robust growth in sectors such as steel, electricity and natural gas.

Growth momentum may continue in FY25

India's GDP growth of 8.2 per cent in FY24 towers above several major economies, with growth momentum continuing into the first two months of FY25, sources said.

Big-bang ending for FY24

In the fourth quarter of the last financial year (Q4FY24), India's GDP grew by 7.8 per cent Y-o-Y, showcasing a continued robust performance, just shy of the 8 per cent streak of the last three quarters.

Investment demand at 4-qtr low, consumption remains sluggish

Despite the strong capex push by the central government, gross fixed capital formation (GFCF), which is taken as a proxy for investment demand in the economy, slid to a four-quarter low in Q4 (January-March).

Agri GVA growth slowest in 5 yrs

Sees 1.4% growth in constant terms, primarily due to 'below-normal' monsoon rainfall in 2023

Optimism and despair visible in the last phase of Bengal polls

Nikhil Mandal could be 40-45 though he is not quite sure.

Elections run last lap today

57 seats across seven states and Chandigarh in the fray in the final phase of Lok Sabha elections

Florists, mithai shops get busy for D-Day

As the 18th Lok Sabha elections move closer to the finale on June 4, when the fate of the 8,360 candidates in the fray will get decided, the streets of Delhi too are buzzing with activity despite the scorching heat.

Where are all the jobs? A refrain of the youth in Chandigarh

Three years ago, Prerna, a brighteyed young woman from Sirsa in Haryana, packed her bags and moved to Chandigarh to pursue a degree in fashion and lifestyle from the esteemed Panjab University.

Bhangar vote may decide Jadavpur's fate

Once known as the 'Leningrad of the East', Jadavpur, situated on the southern fringes of Kolkata, has now erased every possible connection with its Left-leaning past.

Apollo on expansion spree; eyes Mumbai, Bengaluru markets

A month after private equity firm Advent International (Advent) and Apollo HealthCo entered into a deal, its parent company Apollo Hospitals Enterprise (AHEL) said on Thursday that it is set to expand presence in Mumbai and Bengaluru soon.

'We expect premium brands to grow 14-15% in FY25'

Driven by a strong demand for its premium brands, spirits maker Radico Khaitan reported a 26 per cent increase in its consolidated net profit to ₹54 crore for the January-March quarter.

Call on Burman family open offer rests with Sebi: Saluja

Rashmi Saluja (pictured), the chairperson of Religare Enterprises Limited (REL), a diversified financial services company, on Friday refuted allegations of obstructing the Burman family's open offer.

'India's goal is to have $44 bn space economy by 2033°

Space startup Agnikul Cosmos launched its Agnibaan rocket for the first time on Thursday, powered by the only Indian rocket engine to use both gas and liquid fuel in the country's second flight of a privately built rocket.

'Raymond to add 300 stores in 12 months'

As demand picks up from Indian consumers, GAUTAM SINGHANIA, chairman and managing director, Raymond, says the company is planning to expand its retail store chain.

We're trying to build careers: TCS chairman

A rise in cases of sexual harassment could not be a reason for India's largest information technology (IT) services company to end 'work from office', Tata Consultancy Services (TCS) Chairman N Chandrasekaran said at the firm's 29th annual general meeting on Friday.

Flipkart expects 100 mn visitors during Big EOSS

E-commerce major Flipkart said it would host its 'Big End of Season Sale' (Big EOSS) beginning 1st June 2024.

Tata firms executing over 100 GenAl projects: Chandra

Says Al and GenAl will help financial institutions drive efficiency

A-I repeatedly failing to take care of its passengers: DGCA

The Tata group-run Air India is \"time and again\" failing to take due care of its passengers, the Directorate General of Civil Aviation (DGCA) stated on Friday in a show-cause issued to the airline, after passengers suffered from \"insufficient\" cabin cooling on two of its recent flights that were \"inordinately delayed\".

Tata Motors EV business posts ₹9,300 crore revenue in FY24

Tata Motors' revenues from its electric-vehicle (EV) business were 9,300 crore in 2023-24 while growth in volumes and savings on commodity costs helped the business turn positive on earnings before interest, tax, depreciation, and amortisation in the fourth quarter of the financial year to 1.1 per cent (excluding product development costs), according to the company's Annual Report.

RBI cancels 10-year green bond auction for first time

Market refuses to pay greenium; falls to 2-week low on poll jitters

May sees e2W sales revving up

SURAJEET DAS GUPTA New Delhi, 31 May Electric two wheeler registrations have recovered in just a month from the adverse impact of the subsidy reduction from April 1 and are rising again.

Modi govt wraps up FY24 on a GDP high

GDP expanded 8.2% in FY24, grew 7.8% in Q4, thanks to increased tax collections

CPSUS to pay record 1.26 trn dividend for FY24

Led by a sharp surge in payouts by oil-marketing companies and public-sector lenders, including banks and Life Insurance Corporation, central public-sector undertakings (CPSUs) will fork out an all-time high equity dividend of around ₹1.26 trillion in FY24, up 28.7 per cent from around 97,750 crore in FY23.

A vision for smart, resilient, inclusive cities

In a video interview with Aneeka Chatterjee, G HARI BABU, president of the National Real Estate Development Council (Naredco), the sector's regulatory body, identifies emerging investment hotspots, and the trends and technologies shaping the industry.

Beyond hurdles

Reforms and initiatives such as Rera and PMAY are helping transform an industry plagued by problems, writes Sanke

Financing the foundations

Housing finance companies see the sector expanding with tech adoption and government backing, writes Aathira Varier

Biggest gold ETFs lose bit of glitter this year

See $3.9 bn outflow in 5 months PUNEET WADHWA New Delhi, 30 May he world's largest gold exchange-traded funds (ETFs) by assets under management (AUM) GDX, ☐ Vaneck Vectors Gold Miners ETF ($13.26 billion), and GLD, SPDR Gold Trust ETF ($61.71 billion), have seen a net outflow of $3.95 billion year to date (CYTD), S&P Global Market Intelligence said in a recent note.

US rate outlook spooks markets

Nifty falls for fifth day, longest losing streak since October 2023