BUSINESS
India’s Strong Growth Opens Door for Reforms to Attain Advanced Economy Status by 2047: IMF
A report issued following the IMF's annual consultations with India applauded the government's macroeconomic policies and reforms, which have helped the nation's resilience and its status as the fastest-growing major economy.
India’s GDP Growth Rises to 6.2% in Q3, Forecasted at 6.5% for 2024-25
The growth was led by strong rural consumption, fueled by a good monsoon, and higher government expenditure on infrastructure activities.
Core Sector Industries Record 4.6% Growth in January
The report reflected growth in production of major sectors such as cement, refinery products, coal, steel, fertilisers, and electricity in the month.
Sensex Plunges 1,414 Points, Nifty Closes at 22,125 on US Trade Tariff Concerns
The Sensex crashed 1,414 points, or 1.9%, closing at 73,198 after touching an intraday low of 73,141 briefly. During the last week, the index lost 2,113 points (2.8%), and in February, the index declined cumulatively by 4,303 points (5.6%). The Sensex has now declined close to 15% from its all-time high of 85,978.
Gold Futures Drop by ₹446, Trading at ₹84,750 per 10 Grams
Gold contracts for April expiry on the Multi Commodity Exchange (MCX) fell by ₹446, or 0.52%, to ₹84,750 per 10 grams, with a turnover of 14,812 lots.
EPFO Maintains 8.25% Interest Rate on Provident Fund Deposits for 2024-25
In February 2024, EPFO had increased the interest rate marginally to 8.25% for 2023-24 from 8.15% for 2022-23. Previously, in March 2022, the 2021-22 interest rate was cut to 8.1%, the lowest in over four decades. It was a reduction from 8.5% in 2020-21. The interest rate hadn't been as low since 1977-78, when it was 8%.
Government Names Tuhin Kanta Pandey as SEBI Chief for Three-Year Term
Pandey will take over the role for an initial term of three years, succeeding the current Chairperson, Madhabi Puri Buch, whose tenure concludes on March 1.
Trump Imposes Additional 10% Tariff on Chinese Imports
Trump explained the move in a statement published on Truth Social on Thursday, citing fears of smuggling illicit drugs, especially fentanyl, into the United States.
The Boom of Personal Loans in India: What’s Driving the Surge?
This article explains what is driving the boom in personal loans in India and its impact on the financial landscape.
India’s Tablet Market Sees Strong 42% Growth in 2024
According to figures from IDC's 'Worldwide Quarterly Personal Computing Device Tracker,' both slate and detachable tablets were major contributors to this growth, registering year-over-year (YoY) growth of 30% and 47.2%, respectively.
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