BUSINESS
Space Economy Set to Grow 5-Fold to $44 Billion in the Next Decade, Says Minister
Of the 220 million euros earned through launching foreign satellites, 187 million euros was generated in the last eight years. Countries benefiting from ISRO’s services include the US, France, Japan and others.
Indian Stock Market Starts New Year with Flat Performance
At around 9:35 am, Sensex was trading at 78,054.12 after declining 84.89 points or 0.11 per cent, while the Nifty was trading at 23,617.55 after declining 27.25 points or 0.12 per cent.
India's Fiscal Deficit for 2024-25 Reaches 52.5% of Annual Target in First 8 Months
This reflects a strong macroeconomic financial position as the fiscal deficit is well under control with the government sticking to the consolidation path.
NSE's Market Cap Rises by 21% to ₹438 Lakh Crore in 2024
Of these 90 were mainboard and 178 SME companies. Simultaneously, 33 companies have been directly listed.
India’s Core Sector Industries Record 4.3% Growth in November
The growth rate of the 8 core sector industries, for the first four months of the current financial year (2024-25), now works out to 6.1 per cent compared with 6.6 per cent during the same of the previous year.
China's Factory Activity Slows While Services Sector Shows Recovery
The NBS purchasing managers' index (PMI) slowed to 50.1 in December from 50.3 a month earlier, remaining above the 50-mark that separates growth from contraction but below a median forecast of 50.3 in a Reuters poll.
Adani Wilmar Shares Plunge Nearly 8% as Adani Plans to Sell Stake
Adani Enterprises will raise over $2 billion that it will invest in core businesses such as energy and utilities.
India's CAD Stable, Foreign Financial Inflows Increase: Crisil Report
"We expect CAD at about 1.0 per cent of GDP in fiscal 2024-25, as against 0.7 percent last year.". In addition, geopolitical issues would continue to be something of a monitorable, according to the report.
India's Defence Production Set to Achieve 20% Annual Growth in FY 2024-29
According to the report from CareEdge Ratings, Indian defense sector companies will further enhance the country's defense capabilities, reduce import dependence, and elevate its global stature.
RBI Governor Predicts Improved Economic Prospects for 2025
"As we work to build financial stability to support an even higher growth path for the Indian economy, our focus remains firm on keeping financial institutions stable and more broadly, on systemic stability," Malhotra said in foreword to the Financial Stability Report.
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