June 18, 2024 12:05 (IST)
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Centre likely to name Speaker on June 26; Odisha, Andhra leaders in top race | Priyanka Gandhi to make poll debut with contest from from Wayanad, Rahul keeps Raebareli | Opposition slams Centre over Bengal train mishap that left 9 dead, demands govt to take responsibility | Elon Musk has not understood what the Indian EVM is: Rajeev Chandrasekhar counters Tesla CEO's claim | Result of mismanagement and negligence of Modi govt: Rahul Gandhi on Kanchanjungha train accident

Indian govt 10-yr-bond yields witness biggest surge in 8 months on poll results: Report

Mumbai: Indian government bond yields experienced a significant increase, particularly the 10-year benchmark bond yield, which recorded its biggest surge in eight months, reported Reuters.

Centre used Rs 9,48,506 cr in Capex in FY24

New Delhi: The Centre utilized Rs 9,48,506 crore for capital expenditure in FY24, nearly matching the revised estimate (RE) of Rs 9,49,555 crore, accounting for 99.9 percent of the RE, according to government data released on Friday.

India's FY24 fiscal deficit at 5.6% of GDP lower than estimated 5.8%

New Delhi: India's fiscal deficit for FY24 was Rs 16.54 lakh crore, below the budgetary target of Rs 17.86 lakh crore, reaching 95.3 percent of the target, according to data from the Comptroller General of Accounts released on Friday.

India's core sector grows 6.2% YoY in April 2024

New Delhi: India's index of eight core sectors grew by 6.2 percent year-on-year in April, following a 6 percent growth in March, according to official data released on Friday.

India's March GDP growth touches 7.8 per cent, pushing annual growth rate to 8.2 percent

India's GDP growth touched 7.8 percent in the March quarter, pushing the  annual growth rate to 8.2 per cent, as per data released by the Indian government on Friday.

S&P revises India's outlook from 'stable' to 'positive', maintains rating at 'BBB-'

Mumbai: Rating agency Standard & Poor's (S&P) on Wednesday updated its outlook for the Indian economy from 'stable' to 'positive', maintaining the overall rating at 'BBB-', the lowest investment grade. The transfer and convertibility assessment continues to be 'BBB+'.

India's GDP growth for Q4FY24 anticipated at 6.1-6.7%, lower than the plus-8% of previous three quarters: Report

New Delhi/IBNS:  India's Gross Domestic Product (GDP) in the fourth quarter of the financial year 2023-24 is projected to have grown between 6.1 percent and 6.7 percent, a decline from the over 8 percent growth rate noticed in the previous three quarters, reports said.

Bernstein predicts decline in business sentiment, drastic impact on Infra if Congress-led INDIA bloc forms govt at Centre

New Delhi/IBNS: Bernstein Research, in its latest India Strategy report, said a tally of around 330-350 seats for the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government in the ongoing Lok Sabha elections could trigger a short-term rally in stock markets with the benchmark Nifty index breaching the 23,000-mark post-elections.

Alignment with 4% inflation target may occur in latter part of the year: RBI report

Mumbai: The Reserve Bank of India's (RBI) latest monthly bulletin, released on Thursday, indicates that achieving a sustained alignment of inflation with the 4 percent target may occur in the latter half of the year.

India must boost manufacturing to increase share in global value chains: FM Sitharaman

New Delhi: India should intensify manufacturing activities to increase its share in global value chains and attain self-reliance aided by government policies, Finance Minister Nirmala Sitharaman said on Friday.

Jaishankar urges businesses to partner with govt to revive manufacturing for USD 30 trillion economy by 2047

Kolkata: Emphasising the goal of 'Viksit Bharat' (developed India) by 2047, as envisioned by Prime Minister Narendra Modi, External Affairs Minister S Jaishankar on Tuesday urged business associations to partner with the government to ensure the revival of the country's manufacturing sector with the target of surpassing USD 30 trillion GDP.

India’s industrial production slows slightly in March 2024 to 4.9%

New Delhi: India’s industrial production growth in March slowed slightly, reaching 4.9 percent month-on-month, according to official data.

India poised for higher GDP growth based on domestic strengths, says Chief Economic Advisor

New Delhi/IBNS: With supply-side investments on both physical and digital infrastructure, Indian economy is better placed to pursue non-inflationary growth and could achieve a GDP growth rate of above 7% this year, based on its domestic strengths, Chief Economic Advisor to the Government Dr V Anantha Nageswaran said on Wednesday.

IMF revises India's FY25 GDP growth by 30 bps to 6.8% on buoyant domestic demand

New Delhi: The International Monetary Fund (IMF) revised India's GDP growth projection for 2024-25 upward by 30 basis points to 6.8% in its update to the World Economic Outlook (WEO) on the back of buoyant domestic demand in the country.

India's GDP growth may cross 7 percent this year, says NCAER in its Monthly Economic Review for April

The National Council of Applied Economic Research (NCAER) on Monday said the Indian economy can attain growth rates higher than 7 per cent during the current fiscal year.