BUSINESS
Sensex Closes at 81,748 Amid Mixed Global Market Trends
At closing, Sensex settled at 81,748.57, down by 384.55 points, or 0.47 per cent, and Nifty ended at 24,668.25, down by 100.05 points, or 0.40 per cent.
S&P Global Forecasts Sustained Resilience for India’s Banking Sector
"We expect asset quality to stabilize, with weak loans in the banking sector forecasted to decrease to about 3.0% of gross loans by March 31, 2025. Underpinned by healthy corporate balance sheets and strengthened risk management, this positive trend continues, said Deepali Seth-Chhabria, Analyst at S&P Global Ratings.
Crisil Projects India's GDP Growth to Reach 6.5-7% in FY25
Private consumption growth in the country has fared better than last year in the first half of the current fiscal (FY25).
Mastercard Predicts India to Lead Global Economic Growth in 2025
The MEI’s report for the Asia Pacific region also highlighted India as the fastest-growing major economy with an anticipated GDP growth of 6.6 per cent and consumer spending projected at 6.2 per cent in 2025.
Bangladesh's Forex Reserves Fall to $18.61 Billion
The Bangladesh Bank data showed the country's foreign exchange reserves stood at 18,611.40 million dollars on Nov. 28, the last working day of the month, according to the International Monetary Fund (IMF) calculation method, Xinhua news agency reported.
Narayana Murthy Reaffirms Support for 70-Hour Workweek, Urges Youth to Work Hard
He first floated the idea of a 70-hour work week in 2023 with the aim of boosting growth. While he invited wide-ranging criticism from people and doctors, many - including Ola CEO Bhavish Aggarwal - hailed the concept.
OpenAI Whistleblower Suchir Balaji Found Dead at US Apartment
In October, the 26-year-old AI researcher raised serious concerns about Sam Altman-run chatGPT maker OpenAI "breaking copyright law".
Buy on Dips Strategy Proving Effective in Indian Stock Market Amid Strong Rebound
With inflation coming within the RBI's tolerance level and an expectation of further ease in food prices on account of seasonal corrections in vegetable prices, it could build up the expectation for ease in monetary policy in February," says Vinod Nair, Head of Research, Geojit Financial Services.
Sri Lankan Minister: No Issue with Adani Funding Colombo Port Project Independently
In an exchange filing late on 10 December, Adani Ports and SEZ Ltd said the project "is on track for commissioning by early next year" and added that the company will fund the ongoing project through "internal accruals", aligning with its capital management strategy.
RBI Receives Bomb Threat in 'Russian' Language, Second Incident in a Month
Apparently written in the Russian language, the email was sent to the official website of the Central Bank on Thursday afternoon with a threat to blow up the building with explosives.
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