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India’s surging FDI inflows surpass $1,000 billion milestone in last 4 years
Business

India’s surging FDI inflows surpass $1,000 billion milestone in last 4 years

New Delhi, Dec 9: Foreign Direct Investment (FDI) inflows into India in the period between April 2000 to Sept 2024 have soared to $1,033.40 billion mark, reflecting the increasing investment opportunities in the country’s fast-growing economy, as per figures compiled by the Department for Promotion...
Allen Career Institute clocks over 44 pc profit drop at 135.9 crore in FY24
Business

Allen Career Institute clocks over 44 pc profit drop at 135.9 crore in FY24

New Delhi, Dec 7: Allen Career Institute has registered more than 44 per cent decline in profit at 135.9 crore in the last financial year (FY24), compared to Rs 243.7 crore in FY23. The steep profit loss occurred due to higher spending and rising expenses. The offline professional education...
Indian stock market maintains positive outlook as RBI turns more realistic
Business

Indian stock market maintains positive outlook as RBI turns more realistic

Mumbai, Dec 7: Amid a positive turnaround from foreign institutional investors (FIIs) to India, the Indian stock market maintained a positive outlook throughout the week as the core sector output in October and stability in service PMI data showed signs of recovery, experts said on Saturday. FIIs...
India clocks impressive 67 pc growth in total exports in 10 years
Business

India clocks impressive 67 pc growth in total exports in 10 years

New Delhi, Dec 7: As demand for Indian products in the global market surges across categories, the country’s total exports reached about $778 billion in FY2023-24, compared to $466 billion in FY2013-14 a whopping 67 per cent growth. India’s share in world merchandise exports also improved from 1.66...
RBI lowers GDP growth forecast to 6.6 pc
Business

RBI lowers GDP growth forecast to 6.6 pc

New Delhi, Dec 6: The Reserve Bank has scaled down its forecast for India’s GDP growth for 2024-25 to 6.6 per cent from 7.2 per cent earlier, RBI Governor Shaktikanta Das announced on Friday. He explained that the decision had been made as the growth in real GDP in the second quarter of this year at...
CRR cut to support growth, repo rate decision on expected lines: Industry
Business

CRR cut to support growth, repo rate decision on expected lines: Industry

New Delhi, Dec 6: The RBI’s decision to cut the cash reserve ratio (CRR) by 50 bps would help support growth, after the revision in the GDP forecast for FY25, industry experts said on Friday. The Central Bank’s monetary policy committee (MPC) slashed the CRR for banks by 0.5 per cent to make more...
Govt plans to invest Rs 1.08 lakh crore in new tunnel projects: Nitin Gadkari
Business

Govt plans to invest Rs 1.08 lakh crore in new tunnel projects: Nitin Gadkari

New Delhi, Dec 5: The government is planning to invest another Rs 1.08 lakh crore in 78 upcoming tunnel projects in the country covering a distance of 285 km as part of its plans to develop world-class infrastructure, Union Minister of Road, Transport and Highways Nitin Gadkari said.Addressing the...
‘Digital gold
Business

‘Digital gold' Bitcoin surpasses $1,00,000 for first time, may reach $120,000...

New Delhi, Dec 5: World’s largest cryptocurrency Bitcoin has crossed the historic milestone of $100,000 apiece, driven by favourable market dynamics, growing US regulatory clarity, and institutional adoption through Bitcoin ETFs, industry experts said on Thursday.Bitcoin was trading at $1,03,095,...
Indian startups democratising biz, converting job seekers into job creators: Piyush Goyal
Business

Indian startups democratising biz, converting job seekers into job creators:...

New Delhi, Dec 5: The domestic startup ecosystem is driving transformative change by democratising business and converting job seekers into job creators, Union Minister of Commerce and Industry, Piyush Goyal, said on Thursday. Applauding the launch of Startup Policy Forum (SPF), a first of its kind...
3 day RBI MPC meet begins to balance strong economic growth with inflation
Business

3 day RBI MPC meet begins to balance strong economic growth with inflation

New Delhi, Dec 4: The three day Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting began on Wednesday, as the central bank seeks to balance fostering economic growth with managing inflation.The focus once again is on the repo rate which has been steady at 6.5 per cent for the past...
127 Indian companies committed to net-zero targets: Report
Business

127 Indian companies committed to net-zero targets: Report

Mumbai, Dec 4: About 127 companies in India are committed to net-zero targets, according to a report. The report by ICRA ESG Ratings’ showed that about 7 per cent of these belong to high emissions sectors like construction materials and mining, while others are from sectors like textiles, software,...
EPFO investment corpus doubles to Rs 24.75 lakh crore in 5 years
Business

EPFO investment corpus doubles to Rs 24.75 lakh crore in 5 years

New Delhi, Dec 4: The total amount in the investment corpus of the Employees’ Provident Fund Organisation (EPFO) more than doubled in the past five years to Rs 24.75 lakh crore in the financial year 2023-2024 from Rs 11.1 lakh crore 2019-20, according to official figures.EPFO invests funds in...
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