BUSINESS
Economy Shows Resilience, GDP Projected to Grow at 6.6% in FY25: RBI Report
The Reserve Bank has released the December 2024 issue of the Financial Stability Report, which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council on the resilience of the Indian financial system and risks to financial stability.
Ola Electric Shares Dip 3% Following Fresh High-Level Exits
The share was trading less than INR 86 apiece on Monday, having fallen nearly 3% from the previous close.
Venture Capital Investments in India Reach $16.8 Billion from January to November: Report
As a venture capital activity in India, from January to November 2024, the figures have climbed up to US$ 16.77 billion in 888 deals, indicating a sharp increase of 14.1 percent in value and 21.8 percent in the count of deals as compared to the corresponding period in 2023, based on data that the India Brand Equity Foundation, or IBEF, has collected.
4.87 Lakh Youth Sign Up for PM's Internship Scheme with Leading Companies
"Approximately 6.21 lakh applications have been received against 1.27 lakh Internship Opportunities. The selection process for internship is ongoing," the Ministry said.
Housing Prices Soar 66% on Noida Expressway in 5 Years; Gunjur in Bengaluru Sees 69% Rise: Report
Average housing prices in Noida Expressway were Rs 8,400 per sq ft in the September 2024 quarter versus Rs 5,075 per square feet in 2019, as per data from real estate consultant Ananrock.
Bank Fraud Cases Soar Eightfold to Rs 21,367 Crore in First Half of Fiscal Year: RBI
The figures are an almost 28 per cent rise in the number of cases (14,480 in April-September of FY24) and over eight-fold increase in the total amount (Rs 2,623 crore) compared to the same period last fiscal.
Funding Surge: Indian Startups See 20% Increase, Reaching $12 Billion This Year
While late-stage funding surged 25 per cent to more than $7 billion in 2024, growth-stage startups secured $3.5 billion in 282 deals, according to 'Annual Funding Report 2024' by startup coverage portal Inc42.
India Leads IPO Market in Asia Pacific with 200 Issues in 2024, China Struggles
However, China witnessed a sharp decline in the number of IPOs by 51.3 per cent, impacted by tightened regulations. The country witnessed the launch of 64 IPOs raising just over $5.2 billion.
World Bank Increases China's GDP Growth Forecast for 2024 and 2025
This year, China's economy suffered due to a property crisis and weak domestic demand with the potential hike of the U.S. tariff mounting pressure on growth.
Branded Hotels in India Expected to See Double-Digit Growth in FY25 and FY26: Crisil
Operating margin is expected to rise by 100-150 bps this fiscal and remain at comparable levels next fiscal with the benefits of operating leverage coming in and other cost optimisation measures undertaken, according to a report by Crisil Ratings.
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