Saturday, October 5th, 2024

Category: Business & Economy

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

Industry leaders welcome GST Council's decision to cut rates
Business & Economy

Industry leaders welcome GST Council's decision to cut rates

Ronit Kawale
September 10, 2024

Industry leaders welcomed the decision of the GST Council regarding rate cuts and policy adjustments across various sectors. In a significant move to provide relief to various sectors, the GST Council on Monday during...

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India's power sector to grow 2.2 times to reach US0 billion by FY30: Report
Business & Economy

India's power sector to grow 2.2 times to reach US$280 billion by FY30: Report

Ronit Kawale
September 8, 2024

India's power generation and transmission sectors are poised for substantial growth, and power intensity should increase as the country enters a phase of capital expenditure-driven GDP growth, Jefferies said in its latest September report....

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Indian defence market expected to grow 14 per cent annually due to government's indigenisation drive: Report
Business & Economy

Indian defence market expected to grow 14 per cent annually due to government's indigenisation drive: Report

Ronit Kawale
September 8, 2024

Jefferies in its sectoral report said the potential market opportunity for Indian defence companies is expected to grow at 14 per cent CAGR (compound annual growth rate) during FY2024-FY2030E (projected), driven by the government's...

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India's exports to Kuwait grew by 34.78 per cent to US.1 billion compared to the same period last year.
Business & Economy

India's exports to Kuwait grew by 34.78 per cent to US$2.1 billion compared to the same period last year.

Ronit Kawale
September 7, 2024

According to official data from the Ministry of Commerce and Industry, India's trade with Kuwait has grown significantly and Indian exports to the Gulf country are estimated to reach US$2.10 billion in FY 2023-24....

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India overtakes China in MSCI emerging markets IMI weightage
Business & Economy

India overtakes China in MSCI emerging markets IMI weightage

Ronit Kawale
September 7, 2024

India has overtaken China in terms of weighting in the MSCI Emerging Markets Investable Markets Index (MSCI EM IMI), official sources said, citing Morgan Stanley’s September 2024 data. India's weighting in the MSCI EM...

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Rural demand and private consumption have picked up; GDP is growing well: RBI Governor
Business & Economy

Rural demand and private consumption have picked up; GDP is growing well: RBI Governor

Ronit Kawale
September 5, 2024

RBI Governor Shaktikanta Das said the latest quarterly GDP data showed that private consumption and investment have picked up along with rural demand in the Indian economy. Speaking at the annual banking conference FIBAC...

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India's hospitality industry to grow at 10.5%
Business & Economy

India's hospitality industry to grow at 10.5%

Ronit Kawale
September 3, 2024

India's hospitality industry is projected to grow at a compound annual growth rate (CAGR) of 10.5 per cent over the next three years, Axis Securities said in its latest sectoral report. This will generate...

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Gadkari urges states to reduce GST on flex engine vehicles
Business & Economy

Gadkari urges states to reduce GST on flex engine vehicles

Ronit Kawale
September 2, 2024

Union Road Transport and Highways Minister Nitin Gadkari urged states to reduce GST on flex engine cars. Gadkari said the government needs the support of states to promote flex engine vehicles by reducing GST...

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GST collection in August increased by 10% compared to last year to Rs 1.74 lakh crore
Business & Economy

GST collection in August increased by 10% compared to last year to Rs 1.74 lakh crore

Ronit Kawale
September 1, 2024

According to data released on Sunday, the gross Goods and Services Tax (GST) collection in August stood at Rs 1.74 lakh crore, which is 10 per cent higher than the same period last year....

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Think tank highlights China's economic troubles amid real estate crisis and low spending
Business & Economy

Think tank highlights China's economic troubles amid real estate crisis and low spending

Ronit Kawale
August 31, 2024

A London-based independent think tank has highlighted the severity of the economic slowdown facing Beijing and claimed the Chinese government is still not ready to make major changes to its economic policy, as discussed...

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