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India’s GDP may surprise this year again to stay significantly above 7 pc: PHDCCI

Oct 9, 2024

New Delhi, Oct 9 (IANS) Despite the global headwinds, India may surprise the world with its impressive GDP growth this year too, staying significantly above the forecast of 7 per cent by several organisations, PHD Chamber of Commerce and Industry (PHDCCI) said on Wednesday.India has surprised the world with its resilient economic growth trajectory…

Change in RBI policy stance signals 25 bps rate cut soon, industry upbeat

Oct 9, 2024

New Delhi, Oct 9 (IANS) The change in the RBI's stance to "neutral" from "withdrawal of accommodation" has given a signal about the interest rates reversing downwards in the next few quarters, leading industry chambers and experts said on…

Business

Infosys, Microsoft expand collaboration to help boost GenAI adoption globally

Oct 9, 2024

Bengaluru, Oct 9 (IANS) Tech majors Infosys and Microsoft on Wednesday announced to expand their collaboration to help accelerate customer adoption of generative AI and Microsoft Azure globally.The move is aimed at helping Infosys’ and…

Business

Unified, nuclear-free Korean Peninsula would benefit Indo-Pacific: South Korean President

Oct 9, 2024

Singapore, Oct 9 (IANS) President Yoon Suk Yeol said on Wednesday that a unified, nuclear-free Korean Peninsula would contribute to peace and stability in the Indo-Pacific region and unlock new opportunities across a large, interconnected…

Business

Securitisation volume surges to Rs 70,000 cr in Q2 FY25, vehicle financiers propel growth

Oct 9, 2024

New Delhi, Oct 9 (IANS) Driven by vehicle financing, securitisation volume in India rose 56 per cent (year-on-year) to Rs 70,000 crore in the second quarter of this fiscal (FY25), a report showed on Wednesday.This was propelled by large…

Business

Rising consumption, robust investment demand to boost India’s GDP: Shaktikanta Das

Oct 9, 2024

New Delhi, Oct 9 (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said the real GDP for FY25 is estimated to be 7.2 per cent, which is in line with global projections amid strong fundamentals, rising consumption and…

Business

Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor

Oct 9, 2024

New Delhi, Oct 9 (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that retail inflation for the current fiscal (FY25) is projected at 4.5 per cent due to healthy monsoon and sound supply conditions.Addressing…

Business

GJEPC Targets 20% Export Boost to UAE with IGJS Dubai 2024 in FY 24-25

Oct 9, 2024

The 4th edition of the International Gem & Jewellery Show (IGJS) Dubai commenced today, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) of India.

Business

RBI retains repo rate at 6.5 pc, FY25 growth at 7.2 pc

Oct 9, 2024

New Delhi, Oct 9 (IANS) The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Wednesday decided to maintain the status quo on the repo rate at the current 6.5 per cent, while retaining India's real GDP growth forecast at 7.2…

Business

Experts hail India’s inclusion in FTSE Russell’s Emerging Market government bond index

Oct 9, 2024

New Delhi, Oct 9 (IANS) Industry experts on Wednesday hailed India’s inclusion in the prestigious FTSE Russell’s Emerging Market government bond index in September next year, saying this will strengthen the government's ability to support…

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