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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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GST Collection March 2022: All-time high! Rs 1.42 lakh crore

GST Collection March 2022: All-time high! Rs 1.42 lakh crore

Fri, Apr 01, 2022

Gross GST revenue collected in March 2022 is Rs 1,42,095 crore, of which CGST is Rs 25,830 crore, SGST is Rs 32,378 crore, IGST is Rs 74,470 crore (including Rs 39,131 crore collected on import of goods) and cess is Rs 9,417 crore

India's current account deficit widens to 2.7% in December quarter

India's current account deficit widens to 2.7% in December quarter

Thu, Mar 31, 2022

The health of current account, which is a key indicator of a country's external strength, has deteriorated when compared to the preceding September quarter as well as the year-ago period.

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

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

Wed, Mar 30, 2022

India Ratings has lowered its GDP growth forecast for FY23 to 7-7.2 percent, from 7.6 percent earlier citing the rising uncertainty over Russia-Ukraine war and the resultant dampening of consumer sentiment.

Too early to predict impact of Russia-Ukraine war on Indian economy, says economist Pinaki Chakraborty

Too early to predict impact of Russia-Ukraine war on Indian economy, says economist Pinaki Chakraborty

Wed, Mar 30, 2022

The global macroeconomic uncertainties have increased due to the Russia-Ukraine war, but it is too early to predict its impact on the Indian economy, eminent economist Pinaki Chakraborty said on Wednesday.

Russia-Ukraine War Impact on India Economy: Too early to predict, says eminent economist Pinaki Chakraborty

Russia-Ukraine War Impact on India Economy: Too early to predict, says eminent economist Pinaki Chakraborty

Wed, Mar 30, 2022

Western nations, including the US, have imposed major economic and other sanctions on Russia following the aggression.

NITI Aayog VC says India at 8% growth can double economy in 7-8 years

NITI Aayog VC says India at 8% growth can double economy in 7-8 years

Sun, Mar 27, 2022

India can double its economy in about 7-8 years if it grows at 8 per cent, which is feasible as the country has sustained a growth rate of 8.5 per cent earlier for a long time, Niti Aayog Vice-Chairman Rajiv Kumar said on Saturday.

RBI central board discusses impact of geopolitical crises on Indian economy

RBI central board discusses impact of geopolitical crises on Indian economy

Fri, Mar 25, 2022

Deputy Governors Mahesh Kumar Jain, Michael Debabrata Patra, M Rajeshwar Rao, and T Rabi Sankar, attended the meeting.

Edelweiss Housing Finance ties up with SBI for co-lending in priority sector home loans

Edelweiss Housing Finance ties up with SBI for co-lending in priority sector home loans

Fri, Mar 25, 2022

EHFL on Friday said it has partnered with the country's largest lender SBI for co-lending towards priority sector home loans to self-employed entrepreneurs and salaried customers.

Dalal Street Voice: India at cusp of an earnings and credit cycle; could hit $3 trn GDP mark this year: Rajesh Bhatia of ITI Long Short Equity Fund

Dalal Street Voice: India at cusp of an earnings and credit cycle; could hit $3 trn GDP mark this year: Rajesh Bhatia of ITI Long Short Equity Fund

Thu, Mar 24, 2022

In an interview with Zeebiz's Kshitij Anand, Bhatia said that India is at the cusp of earnings and credit cycle and therefore, if these inflation scares prove to be transient, then FIIs will have to come back to India and corporate earnings growth in double-digit will lead to the double-digit in stocks as well.

Project Cost likely to increase by 8-15% across the industry: Abhishek Kapoor, Puravankara Limited

Project Cost likely to increase by 8-15% across the industry: Abhishek Kapoor, Puravankara Limited

Wed, Mar 23, 2022

Abhishek Kapoor talks about the demand trends, reason for the decline in PAT in Q3FY22, Kochi project, price hike, land bank and current residential portfolio, geographical locations of the projects and investment plans among others during an exclusive interview with Swati Khandelwal.

Atmanirbhar mission not leading India towards closed economy, says NITI Aayog Vice-Chairman Rajiv Kumar

Atmanirbhar mission not leading India towards closed economy, says NITI Aayog Vice-Chairman Rajiv Kumar

Tue, Mar 22, 2022

NITI Aayog on Tuesday sought to dispel the fear that India is favouring a closed economy by promoting 'Atmanirbhar' mission.

Direct tax collection soars 48% in FY22, advance tax payment up 41%

Direct tax collection soars 48% in FY22, advance tax payment up 41%

Thu, Mar 17, 2022

India's collection from tax on personal and corporate income jumped over 48 percent in the current fiscal after a 41 percent surge in advance tax payments, mirroring sustained economic recovery in a year that witnessed two waves of coronavirus infections.

RBI remains net seller of US dollars in January; sells USD 771 million

RBI remains net seller of US dollars in January; sells USD 771 million

Thu, Mar 17, 2022

The Reserve Bank of India (RBI) remained a net seller of the US currency in January 2022, selling USD 771 million in the spot market.

Over 6.63 cr ITRs for FY'21 filed till March 15

Over 6.63 cr ITRs for FY'21 filed till March 15

Thu, Mar 17, 2022

Over 6.63 crore income tax returns (ITRs) have been filed for 2020-21 fiscal as of March 15, an increase of 16.7 lakh over the tax returns filed last year, the I-T department said on Wednesday.

India acts to seize gap in wheat export market left by Ukraine war

India acts to seize gap in wheat export market left by Ukraine war

Wed, Mar 16, 2022

India is rolling out ambitious measures over the coming weeks to try to establish the country as a dominant exporter of high-quality wheat as importers scramble for supplies following Russia`s invasion of Ukraine, two government sources said.

Rupee unlikely to be majorly impacted due to Russia-Ukraine war: SBI research

Rupee unlikely to be majorly impacted due to Russia-Ukraine war: SBI research

Tue, Mar 15, 2022

The ongoing conflict between Ukraine and Russia is unlikely to have any major impact on the Indian rupee and the forex volatility in the country (USD/INR) has been much less now as compared to the global financial crisis which took place in 2008, SBI said in its Ecowrap research report.

Myanmar to accept Thai baht for border trade, eyes using rupee

Myanmar to accept Thai baht for border trade, eyes using rupee

Tue, Mar 15, 2022

Myanmar will start accepting the Thai baht currency for settling border trade transactions and is also looking at a similar plan to use the Indian rupee for such trade, the ministries of information and investment said on Tuesday.

Exclusive: GST Council to consider input tax credit to hotels, restaurants; may increase GST at 12-18%

Exclusive: GST Council to consider input tax credit to hotels, restaurants; may increase GST at 12-18%

Mon, Mar 14, 2022

The Government could give input tax credit to hotel and restaurant industry which is currently not given at the current 5 percent GST levy, Zee Business' Tarun Sharma reports.

Better profits likley for state-owned banks next fiscal, Fitch Ratings says in its report; SBI most competitve among PSU banks

Better profits likley for state-owned banks next fiscal, Fitch Ratings says in its report; SBI most competitve among PSU banks

Fri, Mar 11, 2022

Strengthening economic recovery and stable financial metrics will help state-owned banks have stable earnings during the next financial year, aided by the gradual unwinding of regulatory forbearance through the year, according to a report

Bank credit grows by 7.9 percent; deposits by 8.6 percent

Bank credit grows by 7.9 percent; deposits by 8.6 percent

Fri, Mar 11, 2022

Bank credit grew by 7.9 percent to Rs 116.27 lakh crore and deposits rose by 8.6 percent to Rs 162.17 lakh crore in the fortnight ended February 25, RBI data showed.

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