BUSINESS
IMF Maintains Neutrality Amid Imran Khan's Political Appeal in Pakistan
The letter, sent ahead of the swearing-in of new Prime Minister Shehbaz Sharif on March 4, requested the IMF to thoroughly examine the election results before engaging in any new agreement with Islamabad. However, the IMF has rebuffed Khan's demand for an election audit, stating that it does not intervene in domestic political matters but emphasizes the importance of resolving electoral disputes peacefully and fairly.
UK Trade Minister: FTA with India Possible Before Elections
Speaking at a Global Trade conference hosted by the think tank Chatham House in London, Badenoch highlighted the challenges posed by India's protectionist economic policies compared to the UK's more liberalized approach. She underscored the importance of ensuring a trade pact that holds substantial commercial value rather than being merely a political gesture ahead of an election.
RBI Governor Das Forecasts GDP Growth Near 8% for FY24
According to the National Statistical Office (NSO), the October-December quarter is projected to witness growth of 8.4 percent. Furthermore, the NSO has revised its GDP estimates for the first and second quarters upward to 8.2 and 8.1 percent, respectively, from the earlier figures of 7.8 percent and 7.6 percent.
RBI Directs Banks to Offer Customers Choice Across Card Networks
In a draft circular soliciting feedback, the RBI noted that the existing arrangements between card networks and issuers are limiting customers' options. Currently, banks and non-banks typically assign a specific provider, such as American Express, Diners Club International, Mastercard, Visa, or RuPay, when issuing cards.
Shark Tank India 3: FOMO Brews Secures Rs 35 Lakh Investment from Aman Gupta and Anupam Mittal
Avik Chaudhery and Gaurang Gadia, the dynamic duo behind FOMO, took center stage with their refreshing concept. Gaurang, a 21-year-old pursuing a Masters in Business Laws from National Law University, Bengaluru, joined forces with Avik, currently pursuing an executive MBA from Stoa, Bengaluru, to kickstart FOMO during their college days.
India's Projected Growth: 6.8% in FY'25, Eyes Upper Middle-Income Status by 2031
Outlined in its India Outlook report, Crisil suggests that the Indian economy will derive momentum from both domestic structural reforms and cyclical factors, thereby potentially sustaining or even enhancing its growth trajectory to secure the position of the world's third-largest economy by 2031.
Tata Sons Could Attain Valuation of Rs 7.8 Lakh Crore Upon Listing
The impending listing is anticipated to simplify the convoluted group-holding structure. Recent reports have hinted at a potential valuation of Rs 11 lakh crore for the company, with the IPO size estimated at around Rs 55,000 crore. However, it's believed that around 80 per cent of Tata Sons' holdings may not be immediately monetizable, yet the restructuring process could trigger a re-evaluation.
Gold Prices Reach New Record Peak: Surges Rs 800 to Rs 65,000 per 10 Grams
In the preceding session, the precious metal had concluded at Rs 64,200 per 10 grams. Meanwhile, silver surged Rs 900 to Rs 74,900 per kilogram from its previous settlement at Rs 74,000 per kilogram.
China Maintains 5% Growth Target Amid Economic Struggles in 2024
The NPC annual session, attended by Chinese President Xi Jinping and over two thousand delegates, serves as a platform to deliberate on key initiatives aimed at bolstering the country's economic growth trajectory.
Moody's Upgrades India's 2024 Growth Projection to 6.8 Percent
India's real GDP demonstrated robust expansion, recording a year-over-year growth of 8.4 percent in the fourth quarter of 2023, culminating in a full-year growth of 7.7 percent for the same year.
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