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Indian renal denervation catheter market to grow at 11% CAGR: Report

Indian renal denervation catheter market to grow at 11% CAGR: Report

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.

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

World Economic Forum: India's International Confidence Hits High, Says RBI Governor

Thu, Jan 18, 2024

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%.

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Global warming-induced cyclones rattle coastal economy; Amphan cost: $14 billion

Sun, Jan 14, 2024

The widespread damage to infrastructure also leads to a decline in exports that adversely impacts GDP growth.

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Excise Duty Reduced On Petrol Diesel; Which Sectors Will Get Benefits? Watch Here

Excise Duty Reduced On Petrol Diesel; Which Sectors Will Get Benefits? Watch Here

Mon, May 23, 2022

Excise duty reduced on petrol and diesel. What will be the effect of the government's decision? Which company will benefit and who will lose? How will it affect the economy? Know full details from Varun Dubey.

Davos Summit 2022: Economic challenges remain on global, environmental fronts; India capable to deal with them: M&M MD & CEO Anish Shah

Davos Summit 2022: Economic challenges remain on global, environmental fronts; India capable to deal with them: M&M MD & CEO Anish Shah

Mon, May 23, 2022

“We do need to restore trust because if you thing about it from the geo-political standpoint, there are lots of challenges we are facing around the world,” Mahindra & Mahindra Group MD & CEO Anish Shah tells Zee Business Executive Editor

RBI Dividend To Government: Rs 30,307 cr for FY22; down from 2nd highest payout ever of Rs 99,122 cr paid previous year

RBI Dividend To Government: Rs 30,307 cr for FY22; down from 2nd highest payout ever of Rs 99,122 cr paid previous year

Fri, May 20, 2022

RBI's latest dividend is down compared to last year as it may have taken a hit on the income side, with the central bank likely receiving lower interest income from its liquidity management operations.

India Ratings sees inflation hitting 9-year high at 6.9% in FY23; expects RBI to hike rates further

India Ratings sees inflation hitting 9-year high at 6.9% in FY23; expects RBI to hike rates further

Wed, May 18, 2022

Average headline inflation is expected to hit a nine-year high of 6.9 per cent in FY23, a PTI report said on Wednesday quoting India Ratings and Research.

EXCLUSIVE: Government may increase GST on online gaming, casinos and horse racing to 28%; sharp correction in Delta Corp, Nazara Technologies stocks

EXCLUSIVE: Government may increase GST on online gaming, casinos and horse racing to 28%; sharp correction in Delta Corp, Nazara Technologies stocks

Wed, May 18, 2022

Online gaming, casinos and horse racing will be subject to a 28 per cent Goods and Services Tax (GST). In a meeting of Group of Ministers (GoM) that was held today, it was unanimously decided that a 28 per cent levy will be imposed on these services

Economy likely to grow 12-13% in Q1, annual GDP projection at 7.2, says Icra

Economy likely to grow 12-13% in Q1, annual GDP projection at 7.2, says Icra

Tue, May 17, 2022

The credit rating agency has cited the second-highest business activity index reading in 13 months in April as a trigger for this.

Russia-Ukraine war induces inflationary impact in April, finds SBI study; RBI may hike rates by 75 bps by August, say economists

Russia-Ukraine war induces inflationary impact in April, finds SBI study; RBI may hike rates by 75 bps by August, say economists

Mon, May 16, 2022

At least 59 percent of the accelerated inflation is due to the impact of the geopolitical situation sparked by Russia's invasion of Ukraine, according to the finding given by State Bank of India (SBI).

Services exports set a new record of USD 254.4 billion in 2021-22

Services exports set a new record of USD 254.4 billion in 2021-22

Wed, May 04, 2022

India's services exports set a new record of USD 254.4 billion (about Rs 19 lakh crore) in 2021-2022, the commerce ministry said on Wednesday.

PLI Scheme: Deadline to apply for production-linked incentive for steel manufacturing extended till May 31

PLI Scheme: Deadline to apply for production-linked incentive for steel manufacturing extended till May 31

Wed, May 04, 2022

The government on Wednesday extended the deadline for submitting applications under the PLI scheme for specialty steel until May 31.

GST Collection April 2022: highest ever at Rs 1.68 lakh crore, up 20% YoY

GST Collection April 2022: highest ever at Rs 1.68 lakh crore, up 20% YoY

Sun, May 01, 2022

Gross GST collection in April 2022 is all time high, Rs 25,000 crore more than the next highest collection of Rs. 1,42,095 crore, just last month

Ind-Ra slashes FY23 GDP forecast to 7-7.2% citing uncertainties over Russia-Ukraine war

Ind-Ra slashes FY23 GDP forecast to 7-7.2% citing uncertainties over Russia-Ukraine war

Sat, Apr 30, 2022

If crude prices remain high for three months, FY23 GDP could grow by 7.2 per cent; in case it lasts longer, then growth will be 7 per cent, down from 7.6 per cent projected earlier, its chief economist Devendra Pant and principal economist Sunil Kumar Sinha said on Wednesday

Retail inflation for industrial workers rises to 5.35% in March

Retail inflation for industrial workers rises to 5.35% in March

Fri, Apr 29, 2022

"Year-on-year inflation for the month stood at 5.35 per cent compared to 5.04 per cent for the previous month (February 2022) and 5.64 per cent during the corresponding month (March 2021) a year before," a labour ministry statement said

IP protection: India among most challenging economies, says USTR

IP protection: India among most challenging economies, says USTR

Thu, Apr 28, 2022

India remains one of the most challenging major economies with respect to protection and enforcement of intellectual property, the office of the US Trade Representative said in a report as it decided to retain New Delhi on the Priority Watch List.

RBI to hike repo rate in June, earlier than previously thought

RBI to hike repo rate in June, earlier than previously thought

Tue, Apr 26, 2022

The Reserve Bank of India will raise its repo rate in June and hike at a faster pace than predicted just a few weeks ago as a surge in inflation puts pressure on the central bank to act quicker, a Reuters poll showed.

India should aspire to become high-income country by 2047: NITI Aayog CEO

India should aspire to become high-income country by 2047: NITI Aayog CEO

Wed, Apr 20, 2022

India should aspire to become a high-income country by 2047 and this would need sustained economic growth year after year, NITI Aayog CEO Amitabh Kant said on Wednesday.

SBI hikes lending rate by 0.1%, other banks likely to follow suit; EMIs to go up

SBI hikes lending rate by 0.1%, other banks likely to follow suit; EMIs to go up

Tue, Apr 19, 2022

The country's largest lender State Bank of India (SBI) has raised its marginal cost of funds based lending rate (MCLR) by 10 basis points (bps) or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.

Centre denies reports of GST council planning to raise 5% tax slab to 8%, ANI reports

Centre denies reports of GST council planning to raise 5% tax slab to 8%, ANI reports

Mon, Apr 18, 2022

“Centre denies reports of GST council planning to raise 5 pc tax slab to 8 pc,” ANI tweeted

States need to reset spending, cut freebies: Report

States need to reset spending, cut freebies: Report

Mon, Apr 18, 2022

Several states are spending high amounts on populist schemes like farm loan waivers, and with the GST compensation from the Centre ending in June, they need to re-prioritise expenditure in accordance with the revenue receipts, a report said on Monday.

WPI inflation hits 4-month high of 14.55 per cent in March as crude, commodity prices spike

WPI inflation hits 4-month high of 14.55 per cent in March as crude, commodity prices spike

Mon, Apr 18, 2022

The wholesale price-based inflation rose to a four-month high of 14.55 per cent in March, mainly due to hardening of crude oil and commodity prices, even though vegetables witnessed easing of price pressures.

GST Council may do away with 5% rate; move items to 3% and 8% slabs, say sources

GST Council may do away with 5% rate; move items to 3% and 8% slabs, say sources

Sun, Apr 17, 2022

Sources said in order to augment revenue the Council may decide to prune the list of exempt items by moving some of the non-food items to 3 per cent slab.

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