BUSINESS
February Sees 6.7% Growth in India's Core Sector Industries
These eight core industries collectively hold a significant weight of 40.27 percent in the Index of Industrial Production (IIP), offering a reliable glimpse into the overall industrial growth trajectory.
How Do Interest Rates Impact Short and Long-term Trading?
Long-term changes in interest rates can impact stocks, real estate, bonds, and retirement funds. Some of the impacts are direct changes to the value of a security, while in other cases, the earnings or costs to hold an asset are affected. Here are some ways interest rates impact short- and long-term trading.
Adani's Launch of $1.2 Billion Copper Plant Set to Enhance India's Metal Manufacturing Landscape
Under the banner of Kutch Copper, a subsidiary of Adani Enterprises Ltd, the inaugural phase of the USD 1.2 billion greenfield copper refinery commenced operations, with the dispatch of the maiden batch of cathodes to clientele, as per an official statement released by the company.
Unveiling the Dominance of 'Underdog' Founders in the Global Unicorn Landscape: Insights from a Recent Report
Surprisingly, the study uncovered that a staggering 70% of unicorns have founders who fit the underdog archetype, such as immigrants, women, and individuals from diverse racial backgrounds. This marks a significant departure from the traditional narrative dominated by male founders, with a noteworthy 17% of unicorns featuring female founders in 2023, as reported by TechCrunch.
ShareChat Raises Close to $49 Million from Major Investors, Reveals Report
According to a report by startup news outlet Inc42, referencing the company's regulatory filings, this infusion of capital is aimed at aiding ShareChat in its journey towards profitability within the next 12 to 15 months.
India can push growth close to 9 pc by implementing a few more reforms in next 5 years: Panagariya's Vision
Speaking at the Times Now Summit, Panagariya highlighted India's open economy and predicted sustained rapid growth over the next few decades. The recent third-quarter GDP growth of 8.4 percent surpassed expectations, indicating the country's economic resilience.
India's 2025 GDP Growth Estimate Upgraded to 6.8% by Morgan Stanley
The firm elaborated on its revised projections, stating, "We anticipate a year-on-year GDP growth of 6.8 percent in fiscal year 2025, marking a 30 basis points increase from our earlier projection of 6.5 percent, driven by the continued traction in industrial and capital expenditure activities. Furthermore, on a calendar year basis, we foresee a growth rate of 6.8 percent in 2024, up from the previous estimate of 6.4 percent."
Entire Crew of Baltimore Bridge-Colliding Container Ship Comprised of Indian Nationals, Confirms Company
According to information provided by the Synergy Marine Group, all crew members aboard the "Dali" were Indian nationals. The vessel, with a capacity of 10,000 TEU and carrying 4,679 TEU onboard, is owned by Grace Ocean Private Ltd and was en route from Baltimore to Colombo.
LIC Faces Rs 178 Crore GST Demand Notice
The Life Insurance Corporation of India (LIC) revealed on Tuesday that tax authorities have issued a demand notice amounting to approximately Rs 178 crore for the underpayment of Goods and Services Tax (GST) over two financial years.
India's Current Account Deficit Shrinks to USD 10.5 Billion, Accounting for 1.2% of GDP in Q4 2023
Throughout the fiscal year's initial nine months, the CAD has demonstrated moderation, declining to 1.2 per cent of GDP from 2.6 per cent in the corresponding period the previous year. This positive development is attributed to a decrease in the merchandise trade deficit, according to the RBI.
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