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Business
TV Today closing radio business operations over losses
9 Jan 2025 4:22 PM IST
New Delhi, Jan 9: Media company TV Today Network Ltd. announced on Thursday that its Board of Directors have approved a proposal to shut down the loss making FM Radio Broadcasting operations of the company, comprising three FM radio stations in Mumbai, Delhi and Kolkata under the frequency 104.8 FM....
Business
Indian economy expected to clock 6.8 pc growth in 2025-26: Report
9 Jan 2025 4:20 PM IST
New Delhi, Jan 9: The Indian economy is projected to grow at a robust 6.8 per cent in the financial year 2025-26, driven by strong high frequency indicators, according to a Bank of Baroda forecast.The report expects nominal GDP growth to be around 10.5 per cent during the next financial year. It...
Business
UAE Ambassador inaugurates padel courts at OP Jindal Global University
8 Jan 2025 12:01 PM IST
Sonipat (Haryana), Jan 8: In an effort to promote health, well-being, and cross cultural collaboration, Abdulnasser Alshaali, UAE Ambassador to India and Prof. (Dr) C. Raj Kumar, Vice Chancellor of O.P. Jindal Global University, inaugurated four state-of-the-art padel courts at O.P. Jindal Global...
Business
Per capita nominal GDP in FY25 to grow by Rs 35,000 more than FY23: Economists
8 Jan 2025 11:59 AM IST
New Delhi, Jan 8: Despite a slowdown in real GDP growth, per capita nominal GDP in India is expected to increase significantly in FY25, by at least Rs 35,000 more than FY23, economists have said. The first advance estimate (AE) of GDP for FY25 by the National Statistical Office (NSO) indicates GDP...
Business
DoJ's selective probe of Adani officials can derail India ties: US Congressman...
8 Jan 2025 11:56 AM IST
New York, Jan 8: Lance Gooden, a Republican lawmaker from the US state of Texas, has slammed the Joe Biden Administration's probe of senior Adani Group officials, saying this could derail US-India ties and economic growth. In a letter to US Attorney General Merrick B. Garland, the Congressman said...
Business
Centre launches PLI scheme 1.1 to boost production of high-value specialty steel
7 Jan 2025 11:51 AM IST
New Delhi, Jan 7: Union Minister of Steel and Heavy Industries H. D. Kumaraswamy launched the second round of the PLI scheme on Monday to boost the production of high-value specialty steel in the country, which is used for making products such as refrigerators, power equipment, and automobiles....
Business
Akasa Air appoints Belson Coutinho as COO amid rising competition
7 Jan 2025 11:43 AM IST
Mumbai, Jan 7: Low-cost carrier Akasa Air on Tuesday said it has appointed Belson Coutinho as its Chief Operating Officer (COO). Coutinho will lead Akasa Air’s crucial operational functions, responsible for inflight services, airport services, maintenance and engineering, flight operations and...
Business
RBI purchased another 8 tonnes of gold in Nov as safe-haven asset
7 Jan 2025 11:42 AM IST
Mumbai, Jan 7: The Reserve Bank of India (RBI) bought another eight tonnes of gold in November 2024 as Central banks around the world continued their buying spree with a collective purchase of 53 tonnes of the precious metal during the month, according to the latest World Gold Council (WGC) report....
Business
Goldman Sachs sees India among top emerging markets in 2025
6 Jan 2025 12:33 PM IST
New Delhi, Jan 6: Goldman Sachs has projected India to be among the best performing emerging markets in 2025, given the country’s robust macro-economic stability backed by improving terms of trade, effective inflation targeting, and reliable domestic risk capital. The global investment bank has...
Business
Indian realty sector sees 22 pc growth at $6.5 bn in 2024, foreign inflows surge
6 Jan 2025 12:31 PM IST
New Delhi, Jan 6: Led by the industrial and warehousing segment, the institutional investments in Indian real estate touched $6.5 billion inflows in 2024, a substantial 22 per cent increase from the previous year's $5.4 billion, according to a report on Monday. Overall, at $4.3 billion, foreign...
Business
Investors shift towards multi-asset strategy in volatile week for Indian stock...
4 Jan 2025 2:45 PM IST
New Delhi, Jan 4: It was a volatile week for the Indian stock markets as investors shifted towards a multi-asset strategy amid geo-political uncertainties, with Donald Trump’s impending return as the 47th US President. The domestic benchmark indices concluded the week with a pessimistic note as a...
Business
ONDC can create additional GMV opportunity worth Rs 3.75 lakh crore in 5 years
4 Jan 2025 2:44 PM IST
New Delhi, Jan 4: The Open Network for Digital Commerce (ONDC), which has the potential to create a market opportunity to the tune of Rs 3.75 lakh crore in additional gross merchandise value (GMV) in the next five years, is addressing the challenges of monopolistic practices and empowering smaller...
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