BUSINESS
RBI Bulletin Raises India's GDP Growth Projection to 7% for October-December Quarter
This growth is attributed to a transition from consumption to investment, driven by the government's focus on capital expenditure (capex), which is starting to attract private investment.
RBI Article Forecasts Robust Growth for Indian Economy in 2023-24
The piece, authored by a team led by Reserve Bank Deputy Governor Michael Debabrata Patra, underscores the shift in the Indian economy from consumption to investment as a key driver for the stronger-than-expected growth in 2023-24. The government's focus on capex is noted to be playing a pivotal role in encouraging private investment.
Samsung Initiates Pre-Booking for Locally Manufactured Galaxy S24 Series in India
The Samsung Galaxy S24 Ultra, available in Titanium Gray, Titanium Violet, and Titanium Black, starts at Rs 129,999 for the 12GB+256GB variant.
ICICI Prudential Shares Dive 10% Following Q3 Earnings Report
The stock experienced a significant drop, reaching Rs 463.50 on the BSE, and a parallel decline to Rs 463.45 on the NSE.
Rupee Slips by 1 Paisa to 83.15 Against US Dollar in Early Trade
Opening at 83.16 at the interbank foreign exchange, the rupee edged down to 83.15 against the US dollar during morning trading, marking a 1 paisa loss compared to its previous close of 83.14 on Wednesday.
Samsung's Flagship Galaxy S24 Series to Leverage Google Cloud AI Technology
Janghyun Yoon, Corporate EVP, and Head of Software Office of Mobile eXperience Business at Samsung, expressed excitement about the Galaxy S24 series being the inaugural smartphone equipped with Gemini Pro and Imagen 2 on Vertex AI.
Nazara Tech Secures INR 250 Crore, Acquires 10.7% Stake in Kofluence
NKSquared & Kamath Associates, ICICI Prudential MF & Plutus Wealth, including Nikhil Kamath, will increase their stake in Nazara through the preferential issue.
Foxconn Joins Forces with HCL Group to Launch Chip Packaging Operations in India, Plans $37.2 Million Investment: Report
The venture, referred to as OSAT (Outsourced Semiconductor Assembly and Test), follows Foxconn's decision to end a joint venture with Vedanta in July of the previous year. HCL Group had previously expressed its intention to establish an OSAT facility with the Karnataka state government.
Asian Paints Reports Impressive 35% Surge in Net Profit for October-December Quarter
The company's turnover experienced a more than 5% increase, reaching Rs 9,075 crore, driven by a significant 12% volume growth in the decorative segment. CEO and Managing Director, Amit Syngle, highlighted the positive impact of the extended festive season on growth, while acknowledging a slight moderation in demand towards the latter part of the quarter.
Air India Express Launches Ayodhya to Bengaluru & Kolkata Flights, Inaugurated by Scindia
Uttar Pradesh Chief Minister Yogi Adityanath received the boarding pass for the inaugural flight between Kolkata and Ayodhya, marking the initiation of air connectivity between these significant cities.
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