S&P said that India will be the fastest-growing emerging market in the world, but its paramount test will be whether the country can become the next big global manufacturing hub

indian gdp, indian gdp growth

Business Standard

They added that some lenders had already begun halting certain services and practices in line with the central bank's guidance, while failure to comply could risk future penalties or restrictions

Reserve Bank of India, RBI

Reuters

The BJP has twice now won majorities in India's parliament by sweeping almost every constituency in the north and the west of the country

PM Modi, Narendra Modi

Bloomberg

This boost to the investor sentiment, said analysts at Jefferies, should augur well for domestic cyclical sectors

The Future of Bond Markets in India

Closing Bell on December 5, 2023: The S&P BSE Sensex crossed the 69,000-mark decisively and hit a record high of 69,381 during the day

Stocks

Counting for the 199 Assembly constituencies will begin at 8 am on December 3. After opening the strong room, postal ballots will be counted first; these are around 5 lakh in number

The IMD informed today that the depression over the southwest Bay of Bengal is likely to intensify into a deep depression during the next 12 hours and further, into a cyclonic storm by December 3

Indian Railways, trains for lower income groups

Annu's brace went in vain as India lost 2-3 to Belgium in a closely-contested Pool C match to slump to their second consecutive defeat in the FIH Junior World Cup here on Saturday.
Annu (47th, 51st minutes) struck twice in a span of four minutes from a penalty corner and a penalty stroke to draw level after Belgium raced to a 2-0 lead through goals from Noa Schreurs (fifth) and France de Mot (42nd).
But it was not India's day as Astrid Bonami scored the winner from a penalty stroke in the 52nd minute.
It was another heartbreaking loss for the Indians after they squandered a two-goal advantage to go down 3-4 to last edition's runners-up Germany on Thursday night.
The Indians had, however, started their campaign on a resounding note, registering a 12-0 win over Canada.
India are currently placed second in Pool C with three points from three games. Belgium are atop the pool with an all-win record from three matches.
Germany will play Canada in the last match of the pool later in the

Indian women's hockey team, Olympics

Press Trust of India

UEFA said Saturday it will pay 331 million euros ($360 million) in total prize money to the 24 national teams at the men's European Championship that is expected to earn about 2.4 billion euros ($2.61 billion) in commercial revenue.
The team prize fund is in line with the pandemic-delayed Euro 2020 and 20 times more than UEFA's prize fund for the women's Euro 2022.
The national federation of the Euro 2024 title winner can get a maximum of 28.25 million euros if the team wins all three games in the opening group stage, the European soccer body said ahead of the tournament draw.
Each of the 24 teams gets a minimum of 9.25 million euros for playing at the month-long tournament in Germany that starts June 14.
Clubs will share in a further 240 million euros from UEFA for releasing their players to national-team duty. They get a daily rate of several thousand euros per player while they are with national teams for qualifying games and at Euro 2024 itself.
FIFA paid prize money of $440 .

Football generic image

Spain and Liverpool legend Luis Garcia believes that Indian football can touch global heights if the players are given exposure to different leagues abroad and nourish young talents and coaches methodically.
Garcia, who was part of the ISL title-winning Atletico de Kolkata side in 2014, said giving the Indian footballers a chance to appear in foreign leagues will expand their knowledge bandwidth.
"It is very important because you compete against a different style of football (abroad). If you have to wait for the last stages of a tournament to compete against them, then it is only going to be 1 or 2 games, and they need to compete more often.
"I think it's important that the Indian (national) team travel away during the year, and try to have friendly games in Asia and around. The scoreline doesn't matter as it is about having the feeling of facing a different kind of football," Garcia, who appeared in 77 matches for Liverpool between 2004 and 2007 Premier League seasons, told PTI her

Indian football team

Economic growth, which we are taking for granted, slows for a completely different set of local or global factors and the Modi premium vanishes

Economic growth

If the Indian government believes this is how to build an EV-manufacturing ecosystem, however, it ought to think again

Elon Musk

Denim brand Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said.
Pepe Jeans London, owned by Spanish global fashion group AWWG, is "very buoyant" for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI.
As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels. Pepe Jeans expects 55 per cent of its business to come directly by selling to consumers from its own sales channels.
Over Pepe Jeans' expansion plans, Kapoor told PTI, "We will add 100 odd stores in the next three years and in terms of a turnover, we are looking at a CAGR growth of 18 to 20 per cent. So we should be almost around Rs 2,000 crore of consumer sales in three years."
When asked about sales

Pepe Jeans, Jeans

It's counter-intuitive, but Modi's own popularity has grown with the length of his tenure. He had always seemed the front-runner by some distance for 2024, and this gives him more tailwind

Prime Minister Narendra Modi, PM Modi

With benefits like complimentary memberships to luxury hotels, access to premium golf courses, VIP airport assistance, etc., these cards  offer great value to those who lead a luxurious lifestyle

Credit card

Most Preferred Workplace 2023-24 highlights BFSI organisations leading the change

election

Inox India's and Stanley's IPO comprise secondary share sale of 22.11 million and 9.13 million shares, respectively

"Market pricing for rate cuts is a bit overdone in our view," said Wei Li, Global Chief Investment Strategist for BlackRock. "Rate volatility is here to stay"

global markets

A moderation in quits may imply Americans are feeling less confident in their ability to find other jobs in the current market or reflect a smaller wage premium on offer for job-switchers

US job openings, US job, US economy, service sector

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India set to become third-largest economy by 2030: S&P Global Ratings

RBI reins in peer-to-peer lending practices after finding rule violations

State results show BJP in pole position but the Opposition can still fight

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Adani group, banks, RIL help Sensex end above 69,000, Nifty 20,850

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