BUSINESS
Moody's Highlights Robust Infrastructure Demand as Key Driver for India's Investment Growth; Emphasizes Role of Private Sector
The report emphasized the key role of the power sector, which accounts for a large proportion of India's carbon footprint, in this transition.
OECD Forecasts India’s Economic Growth at 6.3% in 2025, 6.4% in 2026 Amid Global Slowdown
The country's robust economic momentum is being fuelled by firm domestic consumption, continued services and manufacturing growth, and ongoing government investment in infrastructure, the OECD said.
Tesla Declines 'Make in India' Initiative, Focuses on Retail Expansion
While Tesla remains on the sidelines regarding local production, other major global electric vehicle players—including Mercedes-Benz, Volkswagen-Škoda, Hyundai, and Kia—have expressed serious interest in participating in India’s flagship EV manufacturing initiative, announced by the ministry in March 2024.
President Trump Deeply Respects India, Says Commerce Secretary Lutnick: 'We Will Build a Great Relationship'
Addressing the 8th US-India Strategic Partnership Forum (USISPF) Leadership Summit, Lutnick asserted that the natural drive and ambition of India's people are what make its economy stand out.
Top US Trade Envoy Urges India to 'Trust Trump' on Economic Ties
In his role as the lead negotiator on U.S.-India trade discussions and as a trusted advisor to President Trump, Lutnick expressed confidence that both nations are on the verge of finalizing a trade agreement.
India Inc. Achieves Robust Q4 Profit Growth Despite Global Challenges: Report
The Bank of Baroda (BoB) report noted that the aggregate net sales of 1,893 companies rose by 5.4 percent in Q4, and the net profits were up by 7.6 percent.
India’s Manufacturing PMI Hits 57.6 in May, Says HSBC
While down slightly from April's 58.2 reading, the index was well above the 50-point mark, signaling consistent growth in plant activity, according to numbers tallied by S&P Global.
Surging PSU Profits Bolster Government’s Fiscal Strength
Leading the pack were the State Bank of India (SBI), the country’s largest bank, and insurance behemoth Life Insurance Corporation of India (LIC), with net profits of ₹18,643 crore and ₹19,013 crore, respectively.
RBI Poised for 'Jumbo' 50 Bps Rate Cut, Says SBI Report
The report indicates that such a steep cut would be able to revive the credit cycle and bring some stabilizing effect at a time when the economy is witnessing uncertainties.
Errol Musk Visits India to Explore Green Tech and EV Sector Growth
He has as part of his itinerary a visit to Servotech's manufacturing facility and a series of high-level interactions, including a visit later in the week to the Ram Temple in Ayodhya.
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