BUSINESS
Economic Survey Forecasts India's GDP Growth at 6.5-7% for 2024-25
India has managed to carry over the positive momentum from FY23 into FY24, despite numerous external obstacles. In FY24, India’s real GDP expanded by 8.2%, surpassing the 8% growth threshold in three out of four quarters. This achievement was supported by a focus on maintaining macroeconomic stability, which minimized the impact of external challenges on the economy.
Sharp Rise in Japanese Bankruptcies Hits 10-Year Peak: Survey
According to Teikoku Databank of Japan, the number of bankruptcies totaled as high as 4,887 for January to June, the highest since 2014. Service industry bankruptcies were the highest, at 1,228, followed by retail and construction at 917, showing its across-industry effect.
Display names & mobile numbers outside business establishments: MP Government
First, these new guidelines will be applied in the sacred city of Ujjain. The name and contact number of the owner outside shops, hotels, and eateries will be compulsive, according to Ujjain Mayor Mukesh Tatwal. The non-compliance will attract a fine of Rs 2,000 for the first violation and Rs 5,000 for the subsequent violations.
Legal Action Against Jindal Group Executive Following Alleged Flight Molestation
The female passenger had shared her account on social media platform X, accusing the executive of showing her inappropriate videos disguised as movie clips, which had drawn widespread condemnation.
Foreign Investors Inject Rs 44,344 Crore into Stock Markets Ahead of Union Budget
In detail, FPIs invested Rs 30,771 crore in equities and Rs 13,573 crore in debt. Their interest in investment was across sectors like automobiles, capital goods, healthcare, information technology, telecommunications, and oil and gas. Most interestingly, financial services remained an exception and has been the reason for its subdued performance in July, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
EPFO Achieves Record Membership Growth of 19.5 Lakh in May Amid Rising Employment
The reasons for this increased membership have been more job opportunities, better awareness accruable benefits to employees and more importantly efficient enrolment drives by EPFO. Net new additions in May 2024 were 9.85 lakh, a growth of 10.96 per cent over April 2024 and an increase of 11.5 per cent from May 2023.
India's Exports to Key Markets See Strong Double-Digit Growth
New data collated by the Commerce and Industry Ministry shows that India's exports to the USA grew by a robust 10.4 per cent during the quarter. Shipments to The Netherlands jumped by 41.3 per cent while exports to the United Kingdom rose by 21.9 per cent.
No flights cancelled, only few delays: Air India Reports Minimal Disruption Amid Microsoft Outage
Delhi Airport, however, was hard hit, with over 400 flights delayed and more than 50 cancellations reported, data from flightradar24 showed. Low-cost carrier IndiGo also reported delays and cancellations, forcing the opening of 'war rooms' at four major airports—including Delhi—to monitor operations.
Reliance Industries Reports Robust Q1 FY25 Gross Revenue of Rs 2.57 Lakh Crore
EBITDA for the quarter at Rs 42,748 crore ($5.1 billion) was up 2 percent yearon-year. Strong contributions from the oil & gas and consumer segments supported growth, offsetting a weak O2C operating environment.
India's Concerns at WTO: China's Trade Deficit and Subsidies
The Geneva official underlined that India had reserved mentioning its huge bilateral trade deficit with China, the size and discomfort of which is growing over a lack of transparency in China's subsidy systems—factors that contribute to artificial prices and hurt local industries.
Don't Miss
Advertisement