BUSINESS
India Outpaces China and Thailand in Insurance Sector Growth: McKinsey Report
In its report titled Steering Indian Insurance from Growth to Value in the Upcoming 'Techade', it was shown that the life insurance industry grew at 11 percent per annum, reaching $107 billion in 2023 and the general insurance industry saw an annual growth of 15 percent to reach $35.2 billion.
Samsung Announces $7.16 Billion Stock Buyback to Enhance Shareholder Value
A total of 3 trillion won worth of the shares will be purchased within three months from Monday through February 17 under the buyback plan approved by the board of directors, the company said in a statement. Posco Steel also said it would determine how and when to use the remaining 7 trillion won from the point of view of shareholder value at future board meetings, the Yonhap news agency reports.
Industry Predicts India's Total Exports Will Exceed $800 Billion in the Coming Months
India's exports accelerated into over $73 billion in October from more than 61 billion in the same month last year, thereby registering above 19 per cent growth.
Report Predicts Indian Economy Will Reach $7 Trillion by 2031
It would almost be similar to the 6.6 per cent witnessed in the pre-pandemic decade driven by the capex push and the associated surge in productivity.
India’s GDP to grow 6.5-7 pc through FY27 over infra, consumption push: Report
Private consumption and infrastructure spending will support robust economic growth in India, S&P Global Ratings said in its latest global bank outlook report.
Moody’s: India’s Economy Positioned for Strong Growth, Inflation Expected to Ease
The global ratings agency projects India's growth at 7.2 percent for the year 2024, 6.6 percent for 2025, and 6.5 percent for 2026.
Reliance Infrastructure Reports ₹4,082.53 Crore Profit for July-September Quarter
The company had clocked Rs 294.04 crore net loss during the July-September period of the preceding 2023-24 fiscal, it said in a regulatory filing.
Uber: India’s Mobility Market Is Vast and Largely Untapped
Singh described India's mobility opportunity as "massive" and "underpenetrated." "Despite the line-up of products and services we have, the growth being there, we think we have barely scratched the surface," he said.
India's Merchandise Exports Grow by 17.25% in October
These include engineering goods, electronic goods, organic and inorganic chemicals, and textiles-accounting for double-digit growth in exports during the slowdown in global trade-showing growing strength in India's manufacturing sector.
India's Real Estate Construction Costs Rise by 11% as Developers Reevaluate Budgets
Generally speaking, it is rather unimportant for four construction materials. In the case of cement, prices plummeted by a full 15%. Steel prices have fallen by just 1% from last year, reports Colliers.
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