BUSINESS
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.
Morgan Stanley Projects Stronger Indian Economy with Revised Growth Estimates
This is a positive upgrade from its previous forecast of 6.1% and 6.3%, respectively. The company credited this increase with robust domestic demand, which it expects to be the main driver of economic growth in spite of continuing global uncertainties.
SBI Plans to Raise $3 Billion from Overseas Markets in FY26
As per the exchange filing, the Central Board's Executive Committee sanctioned looking into and going ahead with long-term fund-raising "in single/multiple tranches of up to $3 billion under Reg-S/144A, by way of a public issue and/or private placement of senior unsecured notes in US dollar or any other leading foreign currency in FY 2025-26."
India-UK Free Trade Agreement Poised to Double Textile and Apparel Exports by 2030
This transition would unlock an incremental annual export opportunity of around $1.1–1.2 billion in the near to medium term.
S&P Global Highlights India's Manufacturing Sector as a Growing Magnet for Global Investors
While manufacturing accounts for a relatively small 17.2 percent of the country's real gross domestic product (GDP), the government has brought in targeted policy interventions aimed at augmenting domestic manufacturing capacity and making India even stronger in global supply chains.
FPIs Infuse ₹8,831 Crore into Indian Stocks — Biggest Single-Day Investment Since March
This has been according to provisional figures issued by the National Stock Exchange (NSE) on Saturday.
Air India Refutes Claims of Lobbying Against IndiGo's Turkish Lease
"Air India refutes the gross misrepresentation and malicious reporting of a competitor's business model in some sections of the media. We, as a respectable corporate entity, refrain from commenting on competition," the airline said.
Moody’s Downgrades US Credit Rating to AA1 Amid Mounting Debt and Political Stalemate
The agency reduced the U.S. rating to its highest grade of Aaa from Aa1, though it noted that the country "remains exceptional credit strengths such as the size, resilience and dynamism of its economy and the status of the U.S. dollar as global reserve currency."
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