India’s Growth Story Remains Strong, Real GDP Projected to Grow 7.2% in FY25: RBI Governor
The Reserve Bank of India (RBI) Governor, Shaktikanta Das, affirmed that India’s growth trajectory remains robust, with real GDP expected to grow at 7.2% in the fiscal year 2024-25. He highlighted that key drivers of this growth—consumption and investment demand—are gaining traction. Das
Experts Advocate for Lower Petrol and Diesel Consumption to Achieve Sustainable Transportation in India
As businesses increasingly integrate environmental, social, and governance (ESG) principles into their core operations, industry experts emphasized the need to make transportation in India more sustainable by reducing petroleum and diesel consumption. Despite a surge in vehicle sales, India continues to experience record
Adani Group’s Cements Acquires 47% Stake in Orient Cement for ₹8,100 Crore
Ambuja Cements, part of the diversified Adani Group, has announced its acquisition of a 46.8% stake in Orient Cement Ltd (OCL) for an equity value of ₹8,100 crore. The purchase will be funded entirely through internal resources, as stated by the company. This
Hyundai Motor India Set for Stock Market Debut After Record IPO
Hyundai Motor India’s shares are poised to begin trading this week following a record-setting initial public offering (IPO), industry officials announced on Monday. The company’s stock is scheduled to start trading on the Indian stock market on Tuesday, following a $3.3 billion IPO
Maldivian President to Introduce India’s UPI System
Maldivian President Mohamed Muizzu has announced plans to implement India’s Unified Payment Interface (UPI) in the Maldives, a decision anticipated to significantly benefit the nation’s economy. The introduction of UPI is expected to enhance financial inclusion, improve transaction efficiency, and bolster digital infrastructure,
Sudan and South Sudan Discuss Resuming Oil Transportation
Sudan and South Sudan are prioritizing the resolution of issues hindering the resumption of South Sudan’s oil exports through Sudanese territory. This discussion followed a meeting in Port Sudan between Abdel Fattah Al-Burhan, Chairman of Sudan’s Transitional Sovereign Council and General Commander of
Musk’s SpaceX Secures $733 Million Launch Contract from US Space Force
SpaceX, led by Elon Musk, has been awarded a $733 million contract for eight launches by the US Space Force. The Space Force’s Space Systems Command issued Launch Service Task Orders (LSTOs) totaling $733,566,001 to SpaceX under the “National Security Space Launch Phase
Long-Term Outlook for Indian Stock Market Remains Strong Despite Geopolitical Risks
Despite continued selling pressure from foreign institutional investors (FIIs) amid geopolitical tensions, experts maintain that the long-term outlook for the Indian stock market remains strong, driven by stable growth and an uptick in capital expenditure. This week, the market faced headwinds from heavy
Adani Foundation Donates Rs 100 Crore for Telangana’s Young India Skills University
The Adani Foundation has announced a generous donation of Rs 100 crore for the establishment of the Young India Skills University in Telangana, aimed at creating a lasting impact for future generations. During a meeting with Telangana Chief Minister A. Revanth Reddy, Gautam
Gold & Silver
Dr K C Gupta, YBB Personal Finance Gold broke out of a giant trading range in 03/2024. Recent events in the Middle East may have been the final trigger. Some see the Russia-Ukraine war (02/2022- ) as the trigger – gold initially kept
Centre Announces 3% DA Hike for Employees Ahead of Diwali
The Union Cabinet, led by Prime Minister Narendra Modi, approved a 3% increase in the dearness allowance (DA) and dearness relief (DR) for Central government employees and pensioners on Wednesday. This raises the DA from 50% to 53%, effective from July 1, providing
Sensex Drops 318 Points as Infosys and JSW Steel Lead Declines
Indian benchmark indices closed lower on Wednesday, with auto, IT, and PSU banks facing significant pressure. The BSE Sensex ended at 81,501.36, down 318.76 points or 0.39%. The NSE Nifty finished at 24,971.30, down 86.05 points or 0.34%. The Nifty Midcap 100 index
India Surpasses 200 GW in Renewable Energy Production
India has officially crossed the 200 gigawatt (GW) milestone in renewable energy (RE) production as of September, primarily driven by solar and wind energy. According to the latest data from the Central Electricity Authority (CEA), the country’s renewable energy generation capacity—including small and
Hemant Jain Appointed as New President of PHDCCI
Hemant Jain has been officially appointed as the new President of the PHD Chamber of Commerce and Industry (PHDCCI), as announced on Saturday. He succeeds Sanjeev Agrawal, who will now serve as the immediate past president of the prominent industry chamber. Rajeev Juneja
India and US Collaborate to Enhance Strategic Technology Partnership: Minister
India and the US are actively collaborating to strengthen their strategic technology partnership, focusing on connecting scientists from both nations to work on emerging technologies like AI and smart connected cities, according to government officials. Union Minister Dr. Jitendra Singh made this announcement
Personal finance insights: Market sentiments, investment strategies & economic trends
Dr K C Gupta, YBB Personal Finance SENTIMENTS AAII Bull-Bear Spread +18.2% (above average)$NYA50R, NYSE %Above 50-dMA 70.87% (overbought, barely)$SPXA50R, SP500 %Above 50-dMA 76.00% (overbought)Delta MSI 81.1% (overbought) ICI Fund Allocations (Cumulative)OEFs & ETFs: Stocks 61.04%, Hybrids 4.45%, Bonds 17.89%, M-Mkt 16.63% INTEREST
India’s 100 Richest Tycoons Cross $1 Trillion Mark: Forbes Report
For the first time, the combined wealth of India’s 100 richest individuals has exceeded $1 trillion, as reported by Forbes. Over 80% of these tycoons are wealthier now than they were a year ago, bringing the total to an impressive $1.1 trillion—more than
Sensex Rises on Positive Global Cues
Indian equity indices opened higher on Thursday, buoyed by positive signals from US and Asian markets. By 9:50 a.m., the Sensex was up 93 points, or 0.11%, reaching 81,560, while the Nifty gained 29 points, or 0.12%, to hit 25,011. Early trading showed
Securitisation Volume Soars to Rs 70,000 Crore in Q2 FY25, Driven by Vehicle Financing
Securitisation volume in India surged by 56% year-on-year to Rs 70,000 crore in the second quarter of FY25, primarily fueled by vehicle financing, according to a report by CRISIL Ratings released on Wednesday. This increase was largely driven by significant issuances from key
RBI Maintains Repo Rate at 6.5% and Projects 7.2% GDP Growth for FY25
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5%, while maintaining its forecast for India’s real GDP growth at 7.2% for FY25. RBI Governor Shaktikanta Das noted that inflation is expected to