Page 402 - Economy

E-commerce, BFSI, hospitality sectors driving job market in 2024: Report

The adoption of digitalisation is becoming increasingly evident in tier II and III cities like Lucknow, Coimbatore, and Gwalior that have been witnessing a surge in job postings

India to grow 7% in FY25, fastest among major economies: RBI annual report

While the central bank expected headline inflation to moderate further, it flagged risks to food inflation saying that it remains vulnerable to supply-side shocks

Capital requirements will remain high for Indian companies: Moody's

Moody's estimates that 16 of the 23 rated companies will require USD 70-100 billion of funding annually in the next two years for growth spending, refinancing requirements and shareholder payments

India's FDI inflows fell 3% to $44 bn in FY24; manufacturing down 18%

FDI inflows into India's manufacturing sector in FY24 are among the lowest in five years, according to provisional data in the RBI annual report

MSPs ensured minimum return of 50% over production cost in 2023-24: RBI

The overall public stock of foodgrains as on March 31, 2024 stood at 2.9 times the total quarterly buffer norm

GDP growth robust on back of healthy balance sheets of banks, says RBI

The Reserve Bank's Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment

S&P Global will likely raise India's rating within 2 years, says Citi

S&P raised India's sovereign rating outlook to 'positive' from 'stable' on Wednesday, citing the country's strong economic fundamentals. It, however, kept the rating itself at 'BBB-'

S&P raises India outlook to 'positive' ahead of Lok Sabha poll results

First outlook upgrade in 10 yrs lifts prospects of higher sovereign credit rating in 2 yrs

Bringing natural gas under GST will lead to faster adoption: Oil secy

The government is cautiously optimistic of solving the GST issue in 2024-25, he said

Gurgaon's Rites to go aggressive on global export and consultancy tenders

Rail PSU looks to continue bagging an order a day

Contractual labour on rise in 9 major non-farm sectors, shows govt data

The results for the fifth and sixth rounds of the QES - pertaining to Q1 and Q2 of FY23 were released after a gap of nearly 20 months

Gas stations in full throttle as India's power demand touches new record

India's gas refiners bet on rise in LNG demand from power generation sector

Delhi breaches 8,300 MW mark first time as power demand soars amid heatwave

Officials said this is the first time in the city's history that the power demand has breached the 8300-MW mark and the mercury crossed 52 degrees Celsius

North-East states, J&K lead in adopting Aadhar-enabled transactions: Report

North-eastern states and Jammu & Kashmir are increasingly adopting Aadhar-enabled financial services, according to a report.

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

S&P rating aligns with similar ratings from other global agencies, including Fitch and Moody's, which also assigned the lowest investment grade rating to India but with a stable outlook

LS elections: PM Modi needs tough reforms in 3rd term to lure foreign firms

Even with an improvement in business sentiment, there's been no major boost in actual investment yet

Lok Sabha election winner will first need to repair household balance sheet

A trifecta of slow wage growth, elevated interest rates, and heavy borrowing by the average household has weakened the spending impulse of more than 300 million families

New non-farm jobs in Q2FY23: Higher than Q1 but below Omicron-hit Q4FY22

But in first half of the FY, new hirings halved compared to Omicron-hit H2 of FY22

FPIs turn net debt buyers in May ahead of JP Morgan index inclusion

10-year G-sec yield softens 20 bps in May so far

Govt, experts talk SOPs for contemporary issues under modern FTAs

There were also suggestions that FTAs can be used as tools to enhance supply chain resilience, ensuring stability and sustainability in trade relationships