Madame Curie
India's Public Sector Banks Record 11% Growth, Reaching Rs 236 Lakh Crore in H1 FY25
India's overseas credit and deposit portfolio increased by 12.9% and 9.5% year on year, respectively, and had reached Rs 102.29 lakh crore and Rs 133.75 lakh crore, said a statement issued by the Ministry of Finance.
Property Purchase Time in India Drops to 26 Days, Ultra-Luxury Homes Selling Faster
The ultra-luxury homes, which come priced above Rs 3 crore, saw the lowest conversion time - 15 days in H1 FY25. In the last fiscal (FY24), it was 22 days, reducing by a whole week according to data coming from realty analytics firm Anarock Group.
India’s Domestic Air Passenger Traffic Rises by 6.3% to 13.85 Million in October
Year-on-year growth for October domestic air passenger traffic was at 9.6% and quite significantly higher by 12.8% compared with pre-Covid levels of 122.8 lakh in October 2019, data by credit rating ICRA showed.
India Reports Strong Growth in Key Mineral Production in First Half of FY25
"Iron ore accounts for about 70 per cent of the total Mineral Conservation and Development Rules (MCDR) mineral production by value. Production of iron ore was 274 million metric tonnes (MMTs) in FY 2023-24," the data showed.
India Continues to Be the World's Fastest Growing Economy, IMF
"India is expected to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices normalize," Krishna Srinivasan, Director for the IMF Asia Pacific Department, said in a PTI interview on Tuesday.
Room AC Sales Hit Record High of 12.5 Million Units in India, Report
Rating agency ICRA expects the volumes in the room AC market in the country to increase by 20-25% YoY.
Report Forecasts 15-20% CAGR Growth for India's Housing Finance Market Until 2030
According to the report of smallcase manager Omniscience Capital, "The housing finance market in India has recorded growth of about 25% per annum from FY22 to FY24 and is estimated to have a growth rate of 15-20% compound annual growth rate (CAGR) up to 2030. Indian banks will be playing a vital role while funding India's humongous plans for an overhaul of infrastructure under NIP and Gati (NS:ALLA) Shakti initiative."
Moody’s Analytics Projects Indian Economy to Grow at 7.1% in FY25
The inflation in the country remained sub-4 per cent in July and August. The 2025 and 2026 outlook stood at 4.5 per cent and 4.1 per cent respectively. In Asia Pacific, Moody's increased its 2025 forecast to 4 per cent from 3.9 per cent as it was previously projected. Export growth had been all-important for the region, but growth is set on shaky ground.
Growth in New Business Registrations for 2024-25
This uptick in new business formations for the fiscal year 2024-25 follows a notable 15% increase in company registrations during 2023-24, compared to 159,000 in 2022-23. This ongoing rise signals a positive shift in the country's business environment, according to a senior official.
Parsvnath Developers CEO Captured at Delhi Airport Following 60 km Pursuit
Deputy Commissioner of Police for Shahdara, Surendra Choudhary, said Jain was arrested at the IGI Airport by the STF Shahdara team on Saturday. The arrest comes immediately after Jain failed to attend a hearing at the National Consumer Disputes Redressal Commission.
Advertisement