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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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Global Investors Summit 2023: Aditya Birla Group commits Rs 25,000 crore investment in UP

Global Investors Summit 2023: Aditya Birla Group commits Rs 25,000 crore investment in UP

Fri, Feb 10, 2023

Global Investors Summit 2023: Aditya Birla Group on Friday committed Rs 25,000 crore investment across its various businesses in Uttar Pradesh.

Creator Economy: How newly launched firm is nurturing digital creators to grow their communities, maximize earnings

Creator Economy: How newly launched firm is nurturing digital creators to grow their communities, maximize earnings

Thu, Feb 09, 2023

The creator economy has the huge potential to emerge as a disruptor in the Indian economy impacting job creation for millions of influencers.

Govt mulling mandating LIC, pension fund to invest 1% in green energy

Govt mulling mandating LIC, pension fund to invest 1% in green energy

Wed, Feb 08, 2023

The Indian government is considering mandating the Life Insurance Corp of India (LIC) and sovereign pension fund to invest 1% of their assets under management in bonds issued by state-run power lending firms to finance green projects, two sources said.

Number of digital payment transactions spike in FY 2021-22

Number of digital payment transactions spike in FY 2021-22

Wed, Feb 08, 2023

The Ministry informed that Growth of Digital Payments in India and availability of various easy and convenient digital payment solutions have facilitated ease of living for citizens, financial inclusion, and growth of business and economy.

GST on cement: FM Nirmala Sitharaman makes big statement

GST on cement: FM Nirmala Sitharaman makes big statement

Wed, Feb 08, 2023

GST on cement: Speaking at an event of Confederation of Indian Industry (CII) on Tuesday, Sitharaman said that the matter will be examined and if required will be considered for referral to the GST fitment committee.

RBI Monetary Policy: Full text of RBI Governor Shaktikanta Das speech

RBI Monetary Policy: Full text of RBI Governor Shaktikanta Das speech

Wed, Feb 08, 2023

RBI Monetary Policy: The RBI on Tuesday projected India's economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal- read full speech.

Coal import cannot be zero, its blending with domestic dry fuel helped plants maintain stock: Govt

Coal import cannot be zero, its blending with domestic dry fuel helped plants maintain stock: Govt

Tue, Feb 07, 2023

During 2022-23 (till January 2023), Coal India Ltd despatched 485.99 million tonne (provisional) coal to the power sector as compared to 440.05 MT during the same period a year ago, registering a growth of about 10 per cent.

Indian IT services industry's growth pace may slow down in near to mid term: ICRA

Indian IT services industry's growth pace may slow down in near to mid term: ICRA

Mon, Feb 06, 2023

Ratings agency ICRA sees lower hiring by the IT service companies in the near term given that excess capacities were added in FY2022 and expects moderation in demand compared to previous fiscals amid macroeconomic headwinds.

RBI MPC Meeting: Will central bank press pause button on repo rate hike?

RBI MPC Meeting: Will central bank press pause button on repo rate hike?

Mon, Feb 06, 2023

RBI MPC Meeting: With the retail inflation down, if the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) pause on the policy rate hike or increase it by 25 basis points to 6.50 per cent will be known on February 8.

India's economy already 10% more energy efficient than G20 average: IEA

India's economy already 10% more energy efficient than G20 average: IEA

Mon, Feb 06, 2023

The IEA has analysed the impact of measures like those proposed by the LiFE initiative, such as buying an EV or taking public transport, as part of comprehensive energy transition strategies.

GST Council to meet on February 18

GST Council to meet on February 18

Fri, Feb 03, 2023

"The 49th meeting of the GST Council is scheduled to be held at New Delhi on February 18, 2023," the GST Council said in a tweet on Friday

No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says

No timeline to remove old tax regime, Revenue Secretary Sanjay Malhotra says

Fri, Feb 03, 2023

There is no timeline to remove the old tax regime Revenue Secretary Sanjay Malhotra has said. He said that 50-60 per cent of the tax payers may switch to the new tax regime

RBI to hike repo rate by 25 bps in February, ending tightening cycle: Reuters poll

RBI to hike repo rate by 25 bps in February, ending tightening cycle: Reuters poll

Mon, Jan 30, 2023

The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi's Feb. 1 budget, before leaving it at that level for the rest of the year, a Reuters poll of economists found.

Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis

Pakistan raises petrol price by Rs 35, pushing retail cost to a whopping Rs 249.80 per litre amid severe food, energy crisis

Sun, Jan 29, 2023

Pakistan Petrol-Diesel Price Hike: Pakistan's Finance Minister Ishaq Dar made the announcement in a televised address on Sunday morning. The new rates have come into effect from 11 am on January 29.

Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan?

Budget 2023: Why budget's printing was shifted to North Block from Rashtrapati Bhavan?

Sat, Jan 28, 2023

Union Budget 2023: In the year 1980, the government decided to set up a printing press in the North Block and since then the printing work of the Union Budget is being done in the North Block as of today.

Govt to sell 30 lakh tonnes of wheat in open market till March to control prices of wheat, atta

Govt to sell 30 lakh tonnes of wheat in open market till March to control prices of wheat, atta

Wed, Jan 25, 2023

As per the government data, the average prices of wheat across major cities stood at Rs 33.43 per kilogram on Wednesday, up from Rs 28.24 per kg a year-ago. Average prices of atta (wheat flour) stood at Rs 37.95 per kg as against Rs 31.41 per kg a year ago.

India’s economic fortunes critical for global growth, its rise being welcomed by world: Kumar Mangalam Birla

India’s economic fortunes critical for global growth, its rise being welcomed by world: Kumar Mangalam Birla

Tue, Jan 24, 2023

The Chairman of Aditya Birla Group opines that the world's approach towards a ‘China +1’ alternative augurs well for India and it remains a “clear choice” for the world

Budget 2023: Boosting India's manufacturing sector - Experts shed light

Budget 2023: Boosting India's manufacturing sector - Experts shed light

Sun, Jan 22, 2023

According to the experts, the Budget 2023-24 may benefit the sector significantly as the government intends to provide a significant boost to manufacturing while focusing on increasing private investment and exports.

Budget 2023 EXCLUSIVE: Govt may extend 15% corporate tax levy deadline beyond 31 March 2024

Budget 2023 EXCLUSIVE: Govt may extend 15% corporate tax levy deadline beyond 31 March 2024

Wed, Jan 18, 2023

The government could extend timeline of 15 per cent corporate tax levy on companies who have got registered in 2019 or after, beyond 31 March 2024 in the upcoming Budget 2023, Zee Business’ Tarun Sharma reports citing his top sources

Free trade agreements, involvement of states, missions to help promote exports: IIPM Director Joshi

Free trade agreements, involvement of states, missions to help promote exports: IIPM Director Joshi

Wed, Jan 18, 2023

"India is also in the process of actively evaluating its existing Free Trade Agreements (FTAs) and engaging in newer ones to benefit its own economy," Joshi said.

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