BUSINESS
Garment Exports See 11.4% Growth in Apr-Nov Amid Global Challenges: AEPC
With the changing geopolitical equations, a lot more business will shift to India in the near future, the Apparel Exports Promotion Council (AEPC) said.
India's Private Sector Growth Reaches 4-Month High in December: Report
Both manufacturing and services sectors registered acceleration as companies in both the segments welcomed a faster upturn in new business intakes, the report said.
Stock Market Crashes as Sensex Plunges Over 1,000 Points
On the other hand, the poor performance of big stocks also pulled down market indices.
Sensex Closes at 81,748 Amid Mixed Global Market Trends
At closing, Sensex settled at 81,748.57, down by 384.55 points, or 0.47 per cent, and Nifty ended at 24,668.25, down by 100.05 points, or 0.40 per cent.
S&P Global Forecasts Sustained Resilience for India’s Banking Sector
"We expect asset quality to stabilize, with weak loans in the banking sector forecasted to decrease to about 3.0% of gross loans by March 31, 2025. Underpinned by healthy corporate balance sheets and strengthened risk management, this positive trend continues, said Deepali Seth-Chhabria, Analyst at S&P Global Ratings.
Crisil Projects India's GDP Growth to Reach 6.5-7% in FY25
Private consumption growth in the country has fared better than last year in the first half of the current fiscal (FY25).
Mastercard Predicts India to Lead Global Economic Growth in 2025
The MEI’s report for the Asia Pacific region also highlighted India as the fastest-growing major economy with an anticipated GDP growth of 6.6 per cent and consumer spending projected at 6.2 per cent in 2025.
Bangladesh's Forex Reserves Fall to $18.61 Billion
The Bangladesh Bank data showed the country's foreign exchange reserves stood at 18,611.40 million dollars on Nov. 28, the last working day of the month, according to the International Monetary Fund (IMF) calculation method, Xinhua news agency reported.
Narayana Murthy Reaffirms Support for 70-Hour Workweek, Urges Youth to Work Hard
He first floated the idea of a 70-hour work week in 2023 with the aim of boosting growth. While he invited wide-ranging criticism from people and doctors, many - including Ola CEO Bhavish Aggarwal - hailed the concept.
OpenAI Whistleblower Suchir Balaji Found Dead at US Apartment
In October, the 26-year-old AI researcher raised serious concerns about Sam Altman-run chatGPT maker OpenAI "breaking copyright law".
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