BUSINESS
India’s Core Sector Industries Record 4.3% Growth in November
The growth rate of the 8 core sector industries, for the first four months of the current financial year (2024-25), now works out to 6.1 per cent compared with 6.6 per cent during the same of the previous year.
China's Factory Activity Slows While Services Sector Shows Recovery
The NBS purchasing managers' index (PMI) slowed to 50.1 in December from 50.3 a month earlier, remaining above the 50-mark that separates growth from contraction but below a median forecast of 50.3 in a Reuters poll.
Adani Wilmar Shares Plunge Nearly 8% as Adani Plans to Sell Stake
Adani Enterprises will raise over $2 billion that it will invest in core businesses such as energy and utilities.
India's CAD Stable, Foreign Financial Inflows Increase: Crisil Report
"We expect CAD at about 1.0 per cent of GDP in fiscal 2024-25, as against 0.7 percent last year.". In addition, geopolitical issues would continue to be something of a monitorable, according to the report.
India's Defence Production Set to Achieve 20% Annual Growth in FY 2024-29
According to the report from CareEdge Ratings, Indian defense sector companies will further enhance the country's defense capabilities, reduce import dependence, and elevate its global stature.
RBI Governor Predicts Improved Economic Prospects for 2025
"As we work to build financial stability to support an even higher growth path for the Indian economy, our focus remains firm on keeping financial institutions stable and more broadly, on systemic stability," Malhotra said in foreword to the Financial Stability Report.
Economy Shows Resilience, GDP Projected to Grow at 6.6% in FY25: RBI Report
The Reserve Bank has released the December 2024 issue of the Financial Stability Report, which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council on the resilience of the Indian financial system and risks to financial stability.
Ola Electric Shares Dip 3% Following Fresh High-Level Exits
The share was trading less than INR 86 apiece on Monday, having fallen nearly 3% from the previous close.
Venture Capital Investments in India Reach $16.8 Billion from January to November: Report
As a venture capital activity in India, from January to November 2024, the figures have climbed up to US$ 16.77 billion in 888 deals, indicating a sharp increase of 14.1 percent in value and 21.8 percent in the count of deals as compared to the corresponding period in 2023, based on data that the India Brand Equity Foundation, or IBEF, has collected.
4.87 Lakh Youth Sign Up for PM's Internship Scheme with Leading Companies
"Approximately 6.21 lakh applications have been received against 1.27 lakh Internship Opportunities. The selection process for internship is ongoing," the Ministry said.
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