BUSINESS
59 Ultra-Luxury Homes Sold in India for ₹4,754 Crore in 2024, Including 17 Deals Over ₹100 Crore
The data showed that out of the 59 ultra-luxury homes sold in 2024, at least 17 were priced at more than Rs 100 crore each. The total value of these 17 homes sold alone was Rs 2,344 crore, according to the report by Anarock Group.
Indian Economy Projected to Grow 6.8% in 2025-26: Report
Nominal GDP growth is likely to be around 10.5 per cent in the next financial year, it adds. Key drivers of this growth are strong air passenger traffic, increase in services PMI, and higher GST collections.
Adani Stocks Surge Amid Positive Developments, Market Cap Nears ₹12.8 Lakh Crore
Adani Green Energy surged 2.47 per cent at 1.19 pm; Adani Power was up 2.33 per cent and Adani Energy Solutions by 1.96 per cent.
RBI Adds 8 Tonnes of Gold in November to Bolster Safe-Haven Assets
The decline in gold prices during November, following the US election, may have provided the added impetus to some central banks to amass the precious metal, the report pointed out.
HSBC Research Forecasts Faster GDP Growth and Easing Inflation for India in Oct-Dec
"GDP growth came in at a disappointing 5.4 per cent in the quarter ending September. Our analysis of 100 activity indicators suggests that the growth momentum has improved in the quarter ending December," the report stated.
Japan's Nippon Steel and US Steel File Lawsuit Against US Government
The two steelmakers are asking for a review of the deal by the Committee on Foreign Investment in the United States (CFIUS), terming Biden's order "unlawful political interference," public broadcaster NHK reported.
Morgan Stanley Forecasts 18% Rise in Sensex by End of 2025
According to its latest note, the US-headquartered investment bank sees 18 per cent base case upside for the BSE Sensex by the December end.
Accel Targets AI, Consumer, Fintech, and Manufacturing Startups in India with Fresh $650 Million Fund
Accel is the first institutional investor in 80 per cent of its portfolio companies. The portfolio companies of note include BlackBuck, BlueStone, Cult.fit, Flipkart, Freshworks, Swiggy, Urban Company, and Zetwerk.
PM Modi: India on Track for First Indigenous Bullet Train as Infrastructure Push Gains Momentum
Launching a slew of rail projects, including inauguration of the Jammu division, Modi said the Railways had undergone a historic transformation in the past decade.
India's Services Sector Growth Hits 4-Month High in December: Report
The HSBC India Services Purchasing Managers' Index, compiled by S&P Global (NYSE:SPGI), increased to 59.3 in December from 58.4 in November, which is the highest level since August.
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