S&P Global forecasts India's growth at 6% for 2023, 7% for 2022
In a research report S&P Global Ratings said India's forecast has been lowered by 0.5 percentage points for the next two fiscal years on slower global demand. Regional growth remains healthy overall. Meanwhile at global level, S&P Global Ratings said, global activity has held up surprisingly well so far despite a torrid pace of policy rate hikes and consistently high geopolitical uncertainties.
Six airbags, BS VI stage 2 may affect demand in lower end of car segment: Maruti Suzuki
The fitting of six airbags in some models and the implementation of BS VI stage 2 norms next year may have an impact on demand in the lower end of that vehicle segment, but the overall industry is expected to touch 4.1 million units, said Shashank Srivastava, Senior Executive Director, Marketing & Sales, Maruti India.
Independent valuers give liquidation value of Rs 13,000 cr for Reliance Capital
According to sources, Independent valuers Duff & Phelps and RBSA have given a Liquidation Value of Rs 13,000 crore for Reliance Capital. In comparison, four bidders have quoted merely 30 per cent of the Liquidation Value, making it imminent for Reliance Capital to be referred for liquidation.
Ashneer Grover says got Bigg Boss offer after no invite from Shark Tank India 2
In the second season of Shark Tank India, CarDekho Co-founder and CEO Amit Jain has replaced Grover as a judge. The other judges, who were also part of the Season 1 team, are Peyush Bansal of Lenskart, Aman Gupta of BoAt, Anupam Mittal of Shaadi.com, Ghazal Alagh of Mamaearth, and Vineeta Singh of Sugar Cosmetics.
Indian markets continued to scale new heights
The Sensex opened at 63,357.99 points, reached a high of 63,583.07 points, a low of 63,183.77 points and closed at 63,284.19 points. On Wednesday, the Sensex had closed at 63,099.65 points. At the NSE, the Nifty opened at 18,871.95, touched a high of 18,874.30 points, a low of 18,778.20 points and closed at 18,812.50 points.
GST collections stood at Rs 1,45,867 cr in Nov, 11% rise year-on-year
The gross GST revenue collected in November 2022 were Rs 1,45,867 crore of which CGST was Rs 25,681 crore, SGST Rs 32,651 crore, IGST Rs 77,103 crore (including Rs 38,635 crore collected on import of goods) and cess Rs 10,433 crore (including Rs 817 crore collected on import of goods)
India job market bounces back to pre-festive levels
According to the report, maintaining its stellar performance, the insurance sector once again led the charts as it recorded a 42 per cent growth in new jobs created compared to the monthly average for the first half of the year. "The strong recovery in overall hiring activity post-festive season reaffirms the resilience of the Indian job market which is now multi-sectoral and hence balanced as well as mature," Pawan Goyal, Chief Business Officer, Naukri.com, said in a statement.
India public cloud market to reach $13 bn by 2026: Report
"With the growth in digital innovation, organizations are looking to bring new products and services to the market faster through digital streams and increase their investments in technologies like AI/ML, edge computing, blockchain, and IoT to improve customer experience and business efficiency," said Rajiv Ranjan, Associate Research Director, Cloud and Artificial Intelligence, IDC India.
Smaller rate hikes likely coming in December: US Fed chairman
"The time for moderating the pace of rate increases may come as soon as the December meeting," CNN quoted Powell as saying at the Hutchins Center on Fiscal and Monetary Policy, his last public appearance before the central bank enters a blackout period ahead of its December 13-14 policymaking meeting.
Basic structure of insurance laws to be altered with proposed amendments: Experts
Scrapping of the statutory Rs 100 crore startup capital for life and general insurance business and Rs 200 crore for reinsurance business, allowing different kinds of insurers including captives, changing the investment provisions are some of the major amendments proposed by the Indian government to the insurance laws.