Adani Group's Ambitious Investment Plan: Injecting Rs 1.2 Lakh Crore into FY25 for Future Expansion
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Insiders reveal that this substantial investment will be channeled across various sectors within the portfolio, spanning from green energy initiatives to airports, cement, commodities, and beyond, in the upcoming financial year.
Echoes of India's Economic Surge: A Comparison to 2003-07, According to Morgan Stanley
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The ongoing cycle is characterized by investment outpacing consumption, with public capex leading initially but private capex swiftly catching up. Urban consumer spending has taken the lead, followed by a resurgence in rural demand. Additionally, India's market share in global exports is rising, while macroeconomic stability risks are being effectively managed.
India's Exports Reach 11-Month Peak in February Amidst Red Sea Crisis
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Leading the charge were engineering goods, electronic goods, organic and inorganic chemicals, pharmaceuticals, and petroleum products. Engineering goods stood out with a robust 15.9% increase, reaching $9.94 billion, up from $8.58 billion in February 2023. Notably, electronic goods exports witnessed an impressive growth of 54.81%, soaring to $3 billion from $1.94 billion in the same period last year.
India's Foreign Exchange Reserves Reach Two-Year Peak at $636.1 Billion
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This remarkable ascent marks the largest leap in the nation's forex reserves since the week culminating on July 14, 2023. In the prior reporting period, the overall reserves had already seen a substantial increase of $6.55 billion, reaching $625.63 billion.
Indian Railways Achieves Landmark Revenue of Rs 2.4 Lakh Crore in Fiscal Year 2023-24
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As of March 15 in the fiscal year 2023-24, the cumulative revenue of Indian Railways has reached Rs 2.40 lakh crores, marking an increase of Rs 17,000 crore compared to the corresponding period of the previous fiscal, which recorded Rs 2.23 lakh crores.
Byju's Ordered by US Court to Freeze $533 Million Debt to Lenders
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As per the statement released by the steering committee, the judge has prohibited Byju's co-founders, Byju Raveendran and Divya Gokulnath, from transferring or utilizing any portion of the $533 million loan proceeds previously under the control of Camshaft Capital Fund, and subsequently shifted to an undisclosed offshore trust.
Nationwide Reduction: Petrol and Diesel Prices Slashed by Rs 2
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Effective from 6 am on Friday, March 15, the revised prices will take effect, as confirmed by the oil ministry in its announcement on Thursday evening. In the national capital, petrol will see a decrease to Rs 94.72 per litre from the current Rs 96.72, while diesel will be priced at Rs 87.62, down from Rs 89.62.
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