BUSINESS
NSE Reports ₹4,397 Crore Q4 Income, Proposes ₹35 Dividend per Share
Q4 revenues derived from transaction fees totaled ₹2,939 crore, down 15% from the quarter that just preceded this one due primarily to subdued trading on both the cash and the derivative segments.
BSE Sees 364% Profit Surge, Declares Rs 23 Dividend Per Share
The BSE also experienced a strong growth in its revenue from core operations, which increased 75% to Rs 847 crore in Q4, from Rs 484 crore in the same quarter last year, according to the company's consolidated financial results.
PM Modi Finalizes Landmark India-UK Free Trade Agreement, Ensures Zero Duty on 99% of Indian Exports
The agreement was sealed over a telephonic conversation between the two leaders, where they also signed a Double Contribution Convention for safeguarding the interests of Indian workers in the UK.
PM Modi Extends Invitation to UK PM Starmer for Visit, Highlighting Strong Economic Relations
The two leaders welcomed the agreement as a landmark in their bilateral Comprehensive Strategic Partnership, asserting that it would stimulate trade, investment, innovation, and employment in both nations.
April Sees Steady Growth in India's Services Sector; Composite PMI Hits 8-Month Peak
This reflects steady growth, with a PMI above 50 indicating expansion, and the index tracing an upward path reflecting steady improvement in the sector.
Moody’s Forecasts 6.3% GDP Growth for India in 2025
In its May edition of the Global Macro Outlook for 2025-26, Moody's referenced geopolitical tensions like the current India-Pakistan disputes as possible threats to its growth assumptions.
India on Track to Become Fourth-Largest Economy, Edging Past Japan
India is also the fastest-growing large economy of the world, according to the report, as its growth rate will be the only country to have growth rates in excess of 6% in the next two years.
FM Sitharaman Did Not Ask ADB to Cut Funding for Pakistan, Clarifies Centre
Previous reports had indicated that the Finance Minister Nirmala Sitharaman had brought up the issue with ADB President Masato Kanda in a meeting and requested the bank to reduce its financial support to Pakistan. But the Finance Ministry quickly came out with a clarification that there was no talk related to Pakistan at the meeting. The ministry confirmed that such reports were false.
India Holds 879.59 Metric Tonnes of Gold, 511.99 MT Held Domestically: RBI
348.62 MT of gold was safely kept in custody by the Bank of England and the Bank for International Settlements (BIS), and 18.98 MT was kept as gold deposits.
Moody’s Highlights India’s Stable Economy Amidst Cash-Strapped Pakistan as Tensions Escalate
But in its report, the agency focused on the point that prolonged tension with India had the potential to hurt Pakistan severely by hampering its ongoing drive to stabilize its fiscal situation.
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