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Mumbai: The Indian stock market saw a strong rally on Friday following the Reserve Bank of India's announcement of a significant rate cut. RBI Governor Sanjay Malhotra revealed a 50 basis points (bps) reduction in the repo rate -- from 6% to 5.5% -- along with a 100-bps cut in the Cash Reserve Ratio (CRR), bringing it down from 4% to 3%. The immediate impact was visible on the Indian indices. As of 10:46 am: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments Ltd., noted: " ...Read More >
Mumbai, June 6 (SocialNews.XYZ) The Indian benchmark indices surged on Friday after the RBI Governor Sanjay Malhotra announced a jumbo 50 bps rate cut -- from 6 per cent to 5.5 per cent -- and a 100 basis point cut in the Cash Reserve Ratio (CRR), from 4 per cent to 3 per cent. The immediate effect of the decision was seen on the Indian stock market. At around 10.46 am, Sensex was trading 505.7 points or 0.62 per cent up at 81,947.74 while the Nifty added 168.40 point or 0.68 per cent at 24,919 ...Read More >
Mumbai: The RBI is likely to reduce the key interest rate by 25 basis points this week after keeping it on hold for two years, complementing the Union Budget initiatives to push consumption-led demand, though the sliding rupee continues to be a concern. As the retail inflation has remained within the Reserve Bank's comfort zone (less than 6 per cent) for most of the year, the central bank can take rate action to boost growth hit by sluggish consumption, opined experts. The Reserve Bank of Indi ...Read More >
New Delhi, Jan 31 (VOICE) The output of India's eight core sector industries rose 4 per cent year-on-year in December, driven by an increase in the production of coal, steel, and electricity during the month, according to government data released on Friday.The eight core industries include coal, natural gas, crude oil, refinery products, fertilisers, cement, steel and electricity which comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). The growth ...Read More >
New Delhi [India], December 15 (ANI): CareEdge Ratings expects the central government to continue on the path of fiscal consolidation and projects India's GDP growth to moderate but remain healthy at 6.5 per cent in the current financial year. For the next financial year, 2025-26, it pegged India's GDP growth at 6.7 per cent, in a webinar held on Economic and Sector Outlook for 2025. Despite global uncertainties, CareEdge Ratings asserted that India will continue to hold steady in 2025. The R ...Read More >
The Indian economy is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its 'India Outlook for 2025' note. For the current financial year, the global ratings agency has retained its growth projection at 6.8%, and for FY26, it has projected growth to rise to 6.9%. S&P Global's FY25 growth forecast is 20 basis points (bps) higher than the Reserve Bank of India's (RBI) pro ...Read More >
India's housing market is booming, with 2024 projected to be the best year yet. Over 300,000 homes worth ₹510,000 crore are expected to be sold across the top seven cities, driven by economic growth and infrastructure improvements. Sales in the first nine months already reached nearly 230,000 homes, indicating continued robust demand and rising capital values.India's housing property market continues to remain on a strong footing, with the year 2024 expected to end as the best year ever in term ...Read More >
Mumbai, Dec 6 (VOICE) More than 3 lakh homes worth Rs 510,000 crore across 485 million square feet are expected to be sold by the end of this year, according to a new report.Housing sales remained healthy and hit a new nine months (January-September) peak in 2024, with close to 230,000 homes across the top 7 cities worth Rs 380,000 crore sold during this period. This translates into 363.2 million sq ft of space sold during January-September 2024, according to the JLL report. The surge represen ...Read More >
The Huddle was a two-day conclave featuring thought leaders from the world of politics, business, academics, sports and the arts. This conclave saw Sri Lanka's the then leader of Opposition, Mahinda Rajapaksa, politicians Jairam Ramesh, Arif Mohammed Khan, tennis player Sania Mirza, the then Home Minister Rajnath Singh, among other leaders and academics share their ideas. Photo: MURALI KUMAR K A Mixed Legacy: The many facets of Indira Gandhi : Srinath Raghavan, Academic & Author, Jairam Ramesh ...Read More >
India's manufacturing sector growth fell to a joint 11-month low, restricted by competitive conditions and inflationary pressures India's manufacturing sector growth fell to a joint 11-month low of 56.5 in November, restricted by competitive conditions and inflationary pressures amid a softer increase in factory orders, a monthly survey said on Monday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in October to 56.5 in November, signalling a s ...Read More >
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