India's 2025 GDP Growth Estimate Upgraded to 6.8% by Morgan Stanley
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The firm elaborated on its revised projections, stating, "We anticipate a year-on-year GDP growth of 6.8 percent in fiscal year 2025, marking a 30 basis points increase from our earlier projection of 6.5 percent, driven by the continued traction in industrial and capital expenditure activities. Furthermore, on a calendar year basis, we foresee a growth rate of 6.8 percent in 2024, up from the previous estimate of 6.4 percent."
Entire Crew of Baltimore Bridge-Colliding Container Ship Comprised of Indian Nationals, Confirms Company
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According to information provided by the Synergy Marine Group, all crew members aboard the "Dali" were Indian nationals. The vessel, with a capacity of 10,000 TEU and carrying 4,679 TEU onboard, is owned by Grace Ocean Private Ltd and was en route from Baltimore to Colombo.
LIC Faces Rs 178 Crore GST Demand Notice
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The Life Insurance Corporation of India (LIC) revealed on Tuesday that tax authorities have issued a demand notice amounting to approximately Rs 178 crore for the underpayment of Goods and Services Tax (GST) over two financial years.
India's Current Account Deficit Shrinks to USD 10.5 Billion, Accounting for 1.2% of GDP in Q4 2023
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Throughout the fiscal year's initial nine months, the CAD has demonstrated moderation, declining to 1.2 per cent of GDP from 2.6 per cent in the corresponding period the previous year. This positive development is attributed to a decrease in the merchandise trade deficit, according to the RBI.
Adani Ports Expands Reach with Acquisition of Gopalpur Port in Odisha for Rs 3,080 Cror
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Situated along the eastern coastline of India, Gopalpur Port boasts a handling capacity of 20 MMTPA (million metric tonne per annum). The Odisha government granted GPL a 30-year concession in 2006, extendable twice for 10 years each.
Revised Growth Projection by S&P Global for India in 2024-25
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The current fiscal year saw the Indian economy achieve a growth rate of 7.6 percent, marking a significant performance.
Shift in Wealth: Mumbai Surpasses Beijing as Asia's Billionaire Hub
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The Hurun report highlights Mumbai's unprecedented growth as the fastest-expanding billionaire hub worldwide, with an impressive addition of 26 billionaires within the year. This surge has propelled Mumbai to clinch the third position globally and establish itself as Asia's foremost billionaire destination. Additionally, New Delhi has made its debut in the top ten, signifying India's burgeoning economic landscape.
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