BUSINESS
India's Oil Demand Set to Outpace China's in the Coming Decade, Says Moody's
China and India are currently the world's second and third-largest consumers of oil, respectively. But Moody's points out major distinctions in how demand is going to develop in these two nations.
RBI Highlights India’s Resilience Amid Global Economic Uncertainties Impacting Advanced Economies
The central bank said that while a temporary truce on tariffs brought some relief in the face of continued challenges, the general outlook for the global economy continues to be weak.
RBI Set to Transfer Record Rs 2.5-3 Lakh Crore Dividend to Government, Boosting Fiscal Strength
This upcoming dividend is a huge jump from the dividend of Rs 2.1 lakh crore paid last year.
IndusInd Bank Posts Rs 2,329 Crore Q4 Loss, Plans Fresh CEO Nominations
This major loss is in the context of a derivatives accounting shortfall that has taken an enormous toll on the bank's net value.
Report Forecasts India’s Q4 FY25 GDP Growth at 7.2%
Our numbers show agricultural expansion is going to be better year-on-year, driven by preliminary crop production data underlining record wheat production. We hence predict growth in agriculture GVA in Q4 at 5.8%, which is higher than 5.6% in Q3," said Aastha Gudwani, Chief Economist for India at Barclays.
Mankind Pharma Reports 10.7% Decline in Q4 Net Profit
This decline in profitability came even as the company posted strong revenue growth and continued growth in its chronic therapy and consumer healthcare business segments.
Union govt to take decision on deal with Turkish carrier: Indigo
Speaking on Wednesday at a media conference on IndiGo's fourth quarter and full fiscal year 2024-25 financial results, Elbers said, "It is necessary to note that the operation to Istanbul is being done in light of the Air Service Agreement (ASA) between Turkey and India. IndiGo is in complete adherence to all regulation systems and regulations which exist. We have had thousands of Indian passengers booked primarily beyond Istanbul."
Domestic Air Travel in India Grows 8.5% in April
Domestic passengers transported by domestic airlines in January-April this year increased to 575.13 lakh, which is a 9.87 per cent rise over the corresponding figure of 523.46 lakh for the same period of last year.
Moody's Highlights India's Low Export Dependence Amid US Trade Disruptions
In its latest analysis of India, the credit agency pointed out that a number of initiatives from the government—varying from improving consumer consumption to stepping up manufacturing and infra investments—are likely to mitigate the effect of softening global demand.
SBI Forecasts Q4 FY25 GDP Growth at 6.4–6.5%, Full-Year Estimate at 6.3%
The projection is based on SBI’s 'Nowcasting Model,' developed by its Economic Research Department. This statistical tool leverages 36 high-frequency indicators spanning industrial activity, services, and global economic trends.
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