BUSINESS
India to Lead Global Growth with 6.7% GDP Increase Over Next Three Years: World Bank
In its 'Global Economic Prospects' report, the World Bank kept the growth forecast for India at 6.6% for FY25 and said the nation will remain the fastest among world majors but the pace of expansion might ease a bit. "After the high growth rate of FY 2023/24, the trend growth for the three years from FY 2024/25 is projected to be 6.7 percent on an average," said a report released by the bank.
Modi 3.0 Cabinet composition indicates policy continuity: Nomura
Expecting stability in politics, Nomura has held on to its portfolio and estimated that the Nifty 50 index can climb by next year, above 24,860 points.
Sensex crosses 77,000-mark for first time; Nifty hits all-time high of 23,411.90
Multiple factors fuelled the markets to record yet another session in the green — the RBI up its projection for economic growth in this fiscal to 7.2% from 7% earlier, and fresh inflows from foreign funds.
Warm Regards from Gates and Mahindra as PM Modi Embarks on Historic Third Term
Gates praised the leadership of Prime Minister Modi, crediting him for positioning India on the global map and making strides in the fields of health, agriculture, women's development, and digital transformation. Gates was looking forward to continuing to work together to improve people's lives in India and around the world, and maybe it will include another visit to the country where recently he met PM Modi and discussed everything from artificial intelligence to healthcare.
Ixigo IPO Launches Monday with Share Price Range of Rs 83-93
The lot size for retail investors in this IPO is 161 shares. Hence, the minimum investment required to make in this IPO is an approximate value of Rs 14,973. Before the company launched its IPO, Le Travenues Technology Ltd. had raised Rs 333 crore from 23 anchor investors at an issue price of Rs 93 per share.
Indian youth, stable democracy will provide robust business environment: Prime Minister Modi's Assurances to Musk for a Flourishing Business Landscape
"Appreciate your greetings @elonmusk," PM Modi said.
RBI raises GDP growth projection from 7% to 7.2% for FY25
Unveiling the bi-monthly monetary policy, RBI Governor Shaktikanta Das projected India's real GDP growth at 8.2 percent in fiscal year 2023-24.
RBI Chief reveals why gold from UK was shifted to India
The RBI Governor further noted that the amount of gold held abroad had remained unchanged for a significant period.
Elon Musk congratulates PM Modi on winning third term, looks forward to 'exciting work' in India
Musk had originally planned a visit to India in April this year but had to postpone due to pressing Tesla-related commitments. He was scheduled to visit on April 21 and 22 to meet with Prime Minister Modi. Musk assured that he intends to reschedule his visit for later this year.
RBI Governor Urges Banks and NBFCs to Cease Imposing Additional Fees on Customers
"Some banks and NBFCs still levy undisclosed charges, as against the mandated guidelines," said the Governor. He also flagged the high interest rates which some of the micro-finance entities and NBFCs were charging on small-value loans, which he said could be exploitative.
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