BUSINESS
Indian Share Market Ends in Red as Nifty Drops Below 23,500
Sensex closed at 77,330.01 with a fall of 241.30 points or 0.31 per cent, and Nifty closed at 23,453.80 after falling 78.90 points or 0.34 per cent.
India Named Fastest-Growing G20 Economy, GDP Growth Projected at 7% for 2024
"India tops the G20 in 2024 with an excellent 7 percent GDP growth rate! This achievement flaunts the robust nature of India's economy and its fast-growing growth amidst world challenges, a MyGov post on X said after the list was released during the on-going G20 summit in Brazil.
RBI Governor: Indian Economy Well-Equipped to Handle Global Shocks
Again, the external sector of the country is also not too weak and the current account deficit has remained within manageable limits as it presently stands at 1.1 percent of GDP.
Automobile Retail Sales Rise 12% to 42.88 Lakh Units During Festive Period: FADA
"We had seen a very encouraging rise in numbers from day one of Navratri and were almost close to our target of 42.88 lakh of two, three and four-wheelers that were registered during this period showing an increase of 11.76 percent over last year's 38.37 lakh units," FADA president CS Vigneshwar said.
India Outpaces China and Thailand in Insurance Sector Growth: McKinsey Report
In its report titled Steering Indian Insurance from Growth to Value in the Upcoming 'Techade', it was shown that the life insurance industry grew at 11 percent per annum, reaching $107 billion in 2023 and the general insurance industry saw an annual growth of 15 percent to reach $35.2 billion.
Samsung Announces $7.16 Billion Stock Buyback to Enhance Shareholder Value
A total of 3 trillion won worth of the shares will be purchased within three months from Monday through February 17 under the buyback plan approved by the board of directors, the company said in a statement. Posco Steel also said it would determine how and when to use the remaining 7 trillion won from the point of view of shareholder value at future board meetings, the Yonhap news agency reports.
Industry Predicts India's Total Exports Will Exceed $800 Billion in the Coming Months
India's exports accelerated into over $73 billion in October from more than 61 billion in the same month last year, thereby registering above 19 per cent growth.
Report Predicts Indian Economy Will Reach $7 Trillion by 2031
It would almost be similar to the 6.6 per cent witnessed in the pre-pandemic decade driven by the capex push and the associated surge in productivity.
India’s GDP to grow 6.5-7 pc through FY27 over infra, consumption push: Report
Private consumption and infrastructure spending will support robust economic growth in India, S&P Global Ratings said in its latest global bank outlook report.
Moody’s: India’s Economy Positioned for Strong Growth, Inflation Expected to Ease
The global ratings agency projects India's growth at 7.2 percent for the year 2024, 6.6 percent for 2025, and 6.5 percent for 2026.
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