Moody’s has predicted a 7.2% growth for India’s economy in 2024, driven by increased household consumption and moderating inflation. The forecast highlights strong demand during the festival season and rural spending boosted by favorable weather conditions. Despite occasional food price volatility, inflation is expected to stabilize, with the RBI maintaining tight monetary policies. BulletsIn Moody’s
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Moody’s has predicted a 7.2% growth for India’s economy in 2024, driven by increased household consumption and moderating inflation. The forecast highlights strong demand during the festival season and rural spending boosted by favorable weather conditions. Despite occasional food price volatility, inflation is expected to stabilize, with the RBI maintaining tight monetary policies. BulletsIn Moody’s
The Indian economy is poised for robust growth with moderating inflation, according to Moody’s Ratings. In its Global Macro Outlook, Moody’s predicts a 7.2% GDP growth in 2024, supported by strong household consumption, manufacturing, and investments. Inflation, though temporarily high, is expected to stabilize. BulletsIn Indian economy projected to grow 7.2% in 2024, per Moody’s
The Indian economy is poised for robust growth with moderating inflation, according to Moody’s Ratings. In its Global Macro Outlook, Moody’s predicts a 7.2% GDP growth in 2024, supported by strong household consumption, manufacturing, and investments. Inflation, though temporarily high, is expected to stabilize. BulletsIn Indian economy projected to grow 7.2% in 2024, per Moody’s
Indian Railways is set to launch 10 new Vande Bharat sleeper trains by the financial year 2025-26, promising a higher level of comfort and convenience for long-distance travel. These new trains will feature advanced facilities and safety features to enhance the passenger experience. The first few trains are expected to run on major routes like
Indian Railways is set to launch 10 new Vande Bharat sleeper trains by the financial year 2025-26, promising a higher level of comfort and convenience for long-distance travel. These new trains will feature advanced facilities and safety features to enhance the passenger experience. The first few trains are expected to run on major routes like
Zepto, the Indian quick-commerce startup, is set to raise $300 million, pushing its valuation to $5 billion. The company, which has already raised $1 billion in recent months, is expanding its investment plans, seeking additional funds from Indian investors. This fundraising follows heightened competition in the sector, with rivals Swiggy’s Instamart and Zomato’s Blinkit growing
Zepto, the Indian quick-commerce startup, is set to raise $300 million, pushing its valuation to $5 billion. The company, which has already raised $1 billion in recent months, is expanding its investment plans, seeking additional funds from Indian investors. This fundraising follows heightened competition in the sector, with rivals Swiggy’s Instamart and Zomato’s Blinkit growing
The State Bank of India (SBI) has announced an increase in its Marginal Cost of Funds-Based Lending Rate (MCLR) for several loan tenures. Effective from November 15, 2024, the bank raised its MCLR for three-month, six-month, and one-year tenures by up to 5 basis points. This hike will affect loans linked to these rates, including
The State Bank of India (SBI) has announced an increase in its Marginal Cost of Funds-Based Lending Rate (MCLR) for several loan tenures. Effective from November 15, 2024, the bank raised its MCLR for three-month, six-month, and one-year tenures by up to 5 basis points. This hike will affect loans linked to these rates, including
Karnataka is considering imposing a “green cess” on water bills for urban areas using rivers from the Western Ghats to support the conservation of this eco-sensitive region. Forest Minister Eshwar Khandre has instructed his department to draft a proposal for the cess, which could be implemented soon. BulletsIn Karnataka plans a green cess on water
Karnataka is considering imposing a “green cess” on water bills for urban areas using rivers from the Western Ghats to support the conservation of this eco-sensitive region. Forest Minister Eshwar Khandre has instructed his department to draft a proposal for the cess, which could be implemented soon. BulletsIn Karnataka plans a green cess on water
The Indian stock market witnessed a sharp downturn after peaking in September, with investors losing nearly half a trillion in wealth by mid-November. The BSE Sensex dropped 10% from its all-time high, as market uncertainties, foreign fund sell-offs, and weak corporate performance weighed heavily on sentiment. BulletsIn Sensex fell 984 points (1.3%) on Wednesday, closing
The Indian stock market witnessed a sharp downturn after peaking in September, with investors losing nearly half a trillion in wealth by mid-November. The BSE Sensex dropped 10% from its all-time high, as market uncertainties, foreign fund sell-offs, and weak corporate performance weighed heavily on sentiment. BulletsIn Sensex fell 984 points (1.3%) on Wednesday, closing
Prime Minister Narendra Modi visited Darbhanga, Bihar, on November 13 to inaugurate and lay the foundation for projects worth ₹12,100 crore. The initiatives focus on healthcare, road and rail connectivity, clean energy, and affordable medicines, aiming to boost infrastructure and quality of life across the state. BulletsIn PM laid the foundation stone of AIIMS Darbhanga,
Prime Minister Narendra Modi visited Darbhanga, Bihar, on November 13 to inaugurate and lay the foundation for projects worth ₹12,100 crore. The initiatives focus on healthcare, road and rail connectivity, clean energy, and affordable medicines, aiming to boost infrastructure and quality of life across the state. BulletsIn PM laid the foundation stone of AIIMS Darbhanga,
The Indian government may soon increase the wage ceiling to ₹21,000 and reduce the employee threshold to 10-15 for the Employees’ Provident Fund Organisation (EPFO) to expand social security benefits for workers. These measures, under review by the Ministry of Labour and Employment, aim to strengthen worker protections and widen EPFO coverage. BulletsIn Government considers
The Indian government may soon increase the wage ceiling to ₹21,000 and reduce the employee threshold to 10-15 for the Employees’ Provident Fund Organisation (EPFO) to expand social security benefits for workers. These measures, under review by the Ministry of Labour and Employment, aim to strengthen worker protections and widen EPFO coverage. BulletsIn Government considers
India’s medical devices industry has expressed support for a new ₹500 crore scheme launched by Union Health Minister JP Nadda, aimed at strengthening domestic manufacturing, reducing import dependency, and enhancing exports. Key industry figures see this as a transformative boost for the sector, promising growth, innovation, and export potential. BulletsIn Government launched a ₹500 crore
India’s medical devices industry has expressed support for a new ₹500 crore scheme launched by Union Health Minister JP Nadda, aimed at strengthening domestic manufacturing, reducing import dependency, and enhancing exports. Key industry figures see this as a transformative boost for the sector, promising growth, innovation, and export potential. BulletsIn Government launched a ₹500 crore
