BUSINESS
India's Forex Reserves Reach $634.59 Billion, Gold Reserves Increase by $824 Million
However, gold reserves, which form part of the foreign exchange kitty, increased by $824 million to $67.1 billion during the week, according to the figures.
India Aims for $100 Billion Exports in F&B, Agriculture, and Marine Products Within 5 Years: Piyush Goyal
In his keynote address at an interaction with F&B industry stakeholders on the sidelines of Indusfood 2025 here, the minister emphasised that the target is not very ambitious as the industries need to grow at an achievable combined rate of 14-15 per cent.
India Retains Title of World's Fastest-Growing Large Economy, Projected Growth at 6.6%: UN
WESP said that India's economy would be supported by "strong export growth in services and certain goods categories, particularly pharmaceuticals and electronics".
SIP Inflows in India Cross ₹26,000 Crore Mark for the First Time in December: AMFI
The SIP contribution during the last month stood at Rs 26,459 crore compared to 25,320 crore in November.
Sensex, Nifty Slide Nearly 1% Amid Foreign Fund Outflows; TCS Earnings in Spotlight
Besides, miserably low inflation data from China, which reflect poor demand there, and sales in US bonds added to pressure, said dealers.
59 Ultra-Luxury Homes Sold in India for ₹4,754 Crore in 2024, Including 17 Deals Over ₹100 Crore
The data showed that out of the 59 ultra-luxury homes sold in 2024, at least 17 were priced at more than Rs 100 crore each. The total value of these 17 homes sold alone was Rs 2,344 crore, according to the report by Anarock Group.
Indian Economy Projected to Grow 6.8% in 2025-26: Report
Nominal GDP growth is likely to be around 10.5 per cent in the next financial year, it adds. Key drivers of this growth are strong air passenger traffic, increase in services PMI, and higher GST collections.
Adani Stocks Surge Amid Positive Developments, Market Cap Nears ₹12.8 Lakh Crore
Adani Green Energy surged 2.47 per cent at 1.19 pm; Adani Power was up 2.33 per cent and Adani Energy Solutions by 1.96 per cent.
RBI Adds 8 Tonnes of Gold in November to Bolster Safe-Haven Assets
The decline in gold prices during November, following the US election, may have provided the added impetus to some central banks to amass the precious metal, the report pointed out.
HSBC Research Forecasts Faster GDP Growth and Easing Inflation for India in Oct-Dec
"GDP growth came in at a disappointing 5.4 per cent in the quarter ending September. Our analysis of 100 activity indicators suggests that the growth momentum has improved in the quarter ending December," the report stated.
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