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Citi turns bullish on India, predicts Nifty to hit 26,000 by Dec

Feb 24, 2025

Mumbai, Feb 24 (IANS) Global brokerage firm Citi on Monday said that it expects the Nifty 50 index to touch 26,000 by December this year, a potential 15 per cent upside from current levels.The brokerage firm also upgraded India’s market outlook from ‘Neutral’ to ‘Overweight,’ citing strong growth potential, attractive valuations, and improving…

Shallow rate cut cycle of 25-50 bps by RBI to boost growth: Report

Feb 24, 2025

New Delhi, Feb 24 (IANS) A shallow rate cut cycle of 25-50 bps by the Reserve Bank of India (RBI) is expected, with further liquidity easing measures also possible, to boost growth, a report said on Monday.The RBI is projected to cut the…

Business

India, UK agree to resume free trade talks

Feb 24, 2025

New Delhi, Feb 24 (IANS) Union Minister of Commerce and Industry, Piyush Goyal, on Monday said that India and the UK have decided to restart negotiations for a Free Trade Agreement (FTA), after a meeting here with his UK counterpart…

Business

Inflation burden eases further for India’s farm and rural workers

Feb 24, 2025

New Delhi, Feb 24 (IANS) The CPI inflation rates for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) for the month of January this year declined to 4.61 per cent and 4.73 per cent, respectively, from the corresponding figures…

Business

Temporary workforce powering NBFC growth in India, driving financial inclusion: Report

Feb 24, 2025

New Delhi, Feb 24 (IANS) The temporary workforce has emerged as a backbone of the non-banking financial companies (NBFC) sector, taking on crucial roles such as collection officers, sales officers and relationship managers, a new report…

Business

India’s institutional investor sector sees 69 pc growth in hiring: Report

Feb 24, 2025

New Delhi, Feb 24 (IANS) India has witnessed a notable 69 per cent increase in headcount in the institutional investor sector over the last two years, according to a report on Monday.India’s market capitalisation has risen over the past…

Business

Sensex, Nifty shed over 1 pc each over weak global cues, IT stocks suffer the most

Feb 24, 2025

Mumbai, Feb 24 (IANS) Domestic benchmark equity indices on Monday ended the trading session on a weak note, closing over 1 per cent lower as the market saw broad-based selling pressure amid weak global cues.At the closing bell, the 30-share…

Business

Samsung, union reach tentative wage deal for 5.1 pc pay hike

Feb 24, 2025

Seoul, Feb 24 (IANS) Samsung Electronics and its labour union on Monday reached a tentative wage agreement, which includes an average 5.1 per cent pay raise for 2025, officials said.The deal comes after 48 days of negotiations, which began…

Business

Hyundai Steel suspends cold-rolled plant amid stalled wage talks

Feb 24, 2025

Seoul, Feb 24 (IANS) Hyundai Steel, South Korea's second-biggest steelmaker by sales, said on Monday it has suspended its cold-rolled steel plant in the wake of a month-long strike by its workers demanding pay hikes.Hyundai Steel stopped…

Business

India’s wind power capacity poised to surge to 63 GW by 2026-27

Feb 24, 2025

New Delhi, Feb 24 (IANS) India’s annual capacity addition of wind power is projected to more than double to 7.1 gigawatt (GW) on average in the next two financial years, compared with 3.4 GW in fiscal year 2023-25 -- driven by government…

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