Thu, Jan 18, 2024
The renal denervation catheters market in India is expected to grow at a compound annual growth rate of around 11 per cent between 2024 and 2033, according to a report.
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Reserve Bank of India (RBI) Governor Shaktikanta Das, speaking at the World Economic Forum 2024, highlighted a surge in international confidence towards India. He cited the National Statistics Office (NSO) revising India's FY23 growth projection to 7.3%, surpassing the RBI's own 7% estimate, as evidence of this positive sentiment. Additionally, Das expressed optimism for FY24, stating he "senses" India's GDP growth will reach 7%.
Sun, Jan 14, 2024
The widespread damage to infrastructure also leads to a decline in exports that adversely impacts GDP growth.
Fri, Aug 12, 2022
Risks facing the world economy include ongoing geopolitical tensions and supply chain issues, the continued Covid-19 pandemic, rising inflation, high sovereign debt levels in many regions, and expected monetary tightening by central banks in the US, Britain, Japan and the Euro zone.
Thu, Aug 11, 2022
While inflation continues to be above the comfort zone, the economy has continued on its recovery path, supported by pent-up demand for services and higher industrial output
Wed, Aug 10, 2022
The liquidity condition is expected to become even more challenging over the coming months, owing to an expected seasonal pick-up in cash-in-circulation caused by the festive season, India Ratings and Research said in a report
The share of states in the Central taxes -- at the aggregate level of 41 per cent -- was decided by the 15th Finance Commission. Typically, this is transferred in 14 installments in a fiscal year.
The dollar reversed losses overnight and was trading flat in Asia. The dollar index, which measures the safe-haven greenback against six major peers, was down 0.009% at $106.330.
Tue, Aug 09, 2022
Of the total 12, three lenders -- State Bank of India (SBI), Punjab National Bank (PNB) and Bank of India -- reported fall in their profits ranging from 7-70%
Markets regulator SEBI has proposed the concept of blue bonds as a mode of sustainable finance, saying such securities can be utilised for various blue economy-related activities, including oceanic resource mining and sustainable fishing.
India's forex reserve has seen tremendous growth since 1990s. As per a data from Ministry of Information and Broadcasting, the India's forex reserve which stood at 9.22 USD Billion in 1991-92, jumped to 607 USD billion in 2021-22.
Mon, Aug 08, 2022
The Masayoshi Son-led Japanese giant posted massive losses for its second straight quarter. The conglomerate earlier reported net loss at $16.2 billion for its January-March quarter this year.
Sat, Aug 06, 2022
The action plan will be examined by a high-level committee headed by the chief secretary.
Fri, Aug 05, 2022
Addressing shareholders at the company's 76th annual general meeting here, Mahindra said that there are some gaps that need to be filled in to take full advantage of the opportunities arising out for the country.
Banks with a higher share of floating rates and a robust CASA-led deposit franchise should be placed well in this increasing interest rate environment as the current credit growth is looking up, Naveen Kulkarni , Chief Investment Officer (CIO) at Axis Securities opines.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate or repo rate by 50 basis points (bps) to 5.4 per cent.
In another warning sign for the global economy, the closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes reached 39.2 basis points overnight, the deepest inversion since 2000.
Thu, Aug 04, 2022
Central Depository Services (India) Ltd or CDSL began operations in 1999. It facilitates holding and transacting in securities in the electronic form and settlement of trades on stock exchanges, according to a statement.
Walmart described the layoffs as a way to "better position the company for a strong future," reports The Wall Street Journal. "We`re updating our structure and evolving select roles to provide clarity and better position the company for a strong future," a company spokesperson said in a statement late on Wednesday.
Wed, Aug 03, 2022
"Putting more money in the pockets of the consumers is of vital importance to revive consumption demand in the economy."
Factbox - Foreign Secretary Liz Truss is leading the race to become Britain`s next prime minister, with two opinion polls putting her well ahead of former finance minister Rishi Sunak. Here are details of the policies Truss proposed during the leadership contest.
As per the survey, service providers that reported higher sales in July mentioned favourable demand conditions and fruitful advertising. However, growth was dampened by fierce competition and unfavourable weather, survey participants said.
On the opposition's claims of burdening people by imposing GST on cheque books, she said the levy is in relation to purchase of cheque books by bans from printers, not for the public.
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