Wednesday, October 23rd, 2024

Category: Business & Economy

Get insights into the Indian Business & Economy, stock market updates, business trends, and corporate news.

RBI unlikely to cut rates as India's growth rate exceeds potential output: SBI report
Business & Economy

RBI unlikely to cut rates as India's growth rate exceeds potential output: SBI report

Ronit Kawale
October 3, 2024

With strong economic growth in India, the Reserve Bank of India (RBI) is unlikely to announce any rate cuts in its upcoming monetary policy meeting, a State Bank of India (SBI) report said. The...

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India to become trillion digital economy by 2028, enabled by Internet, 4G, 5G and digitization
Business & Economy

India to become $1 trillion digital economy by 2028, enabled by Internet, 4G, 5G and digitization

Ronit Kawale
October 2, 2024

With the government's digital initiatives, India's financial ecosystem has undergone a paradigm shift over the years. A recent report by Ask Capital said India is set to become a US$1 trillion digital economy by...

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Sitharaman urges joint roadmap with Uzbekistan to achieve US billion trade target
Business & Economy

Sitharaman urges joint roadmap with Uzbekistan to achieve US$3 billion trade target

Ronit Kawale
September 28, 2024

Union Finance Minister Nirmala Sitharaman stressed the vast trade opportunities between India and Uzbekistan during her address at the Uzbekistan-India Business Forum on Friday. He stressed on increasing trade and urged the chambers of...

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India's foreign exchange reserves reach new record high of US$ 692.3 billion
Business & Economy

India's foreign exchange reserves reach new record high of US$ 692.3 billion

Ronit Kawale
September 27, 2024

India's foreign exchange reserves rose by US$2.838 billion to a new high of US$692.296 billion in the week ended September 20, according to data released by the Reserve Bank of India (RBI) on Friday....

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India overtook Japan to become Asia's third largest power
Business & Economy

India overtook Japan to become Asia's third largest power

Ronit Kawale
September 25, 2024

India has overtaken Japan to become the third largest power in the Asia Power Index, according to an official statement released by the Ministry of Information and Broadcasting on Wednesday. The ministry highlighted that...

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Sensex and Nifty hit all-time highs amid global optimism; Sensex crosses 85,000 mark
Business & Economy

Sensex and Nifty hit all-time highs amid global optimism; Sensex crosses 85,000 mark

Ronit Kawale
September 24, 2024

The stock market opened flat on Tuesday, but on global optimism the Sensex soon crossed the 85,000 mark to reach 85,001.42 and the NSE touched an all-time high of 25,975. Market expert Ajay Bagga...

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Pakistan's financial mismanagement continues, per capita debt worryingly high
Business & Economy

Pakistan's financial mismanagement continues, per capita debt worryingly high

Ronit Kawale
September 21, 2024

The average debt of every Pakistani citizen has become very high. It is worth noting that the current financial situation of the country is due to the habit of successive governments to run their...

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Value of UPI transactions grew from Rs 1 lakh crore in FY17-18 to Rs 200 lakh crore in FY23-24 at a CAGR of 138 percent
Business & Economy

Value of UPI transactions grew from Rs 1 lakh crore in FY17-18 to Rs 200 lakh crore in FY23-24 at a CAGR of 138 percent

Ronit Kawale
September 21, 2024

According to the Union Finance Ministry, the value of digital payments has grown to Rs 1,669 lakh crore in the first five months (April-August) of the current financial year 2024-25. The ministry said that...

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Finance Minister Sitharaman urges officials to meet FY2024-25 capital expenditure targets on time
Business & Economy

Finance Minister Sitharaman urges officials to meet FY2024-25 capital expenditure targets on time

Ronit Kawale
September 21, 2024

Union Finance Minister Nirmala Sitharaman has urged the Ministry of Housing and Urban Affairs (MoHUA) to ensure that the capital expenditure (capex) target for the financial year 2024-25 is met within the stipulated time...

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India's total coal production reached 384.07 MT, witnessing a growth of 6.36%
Business & Economy

India's total coal production reached 384.07 MT, witnessing a growth of 6.36%

Ronit Kawale
September 11, 2024

India produced a total of 384.07 million tonnes (MT) of coal between April and August 2024, up 6.36 per cent from 361.11 MT in the same period last year, the Coal Ministry said in...

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