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News   -   Jan 02, 2025 Manufacturing Growth Slows to 12-Month Low in December
Manufacturing Growth Slows to 12-Month Low in December

India’s manufacturing growth slowed to a 12-month low in December, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, slipping to 56.4 from 56.5 in November. While still above the 50-point threshold signalling expansion, it marked the slowest growth rate in

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News   -   Jan 02, 2025 SENSEX, NIFTY Gain over 1.8% in Intraday Trading
SENSEX, NIFTY Gain over 1.8% in Intraday Trading

In a positive turn of events, markets reversed the downtrend of recent weeks. The NIFTY 50 rose 445.75 points, or 1.88%, to close at 24,188.65; while the SENSEX gained 1,436.30 points, or 1.83%, and was at 79,943.71 as trading ended.

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News   -   Jan 02, 2025 Banks' Non-Food Credit Drops to 11.8%
Banks' Non-Food Credit Drops to 11.8%

According to data released by the Reserve Bank of India (RBI), non-food credit year-on-year growth in scheduled commercial banks dropped to 11.8% in November 2024, compared to 16.5%. The industry also saw a loan growth of 8.1% in November 2024 compared to the figure of 5.5%

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News   -   Jan 02, 2025 Primary Market Investment Surges as FPIs Shift Focus from Secondary Market
Primary Market Investment Surges as FPIs Shift Focus from Secondary Market

Foreign portfolio investors (FPIs) invested $14.5 billion in India's primary market in 2024, primarily through initial public offerings (IPOs) and qualified institutional placements (QIPs), while pulling out $14.37 billion from the secondary market, netting $124 million, according to National Securities Depository Limited (NSDL). 90 IPOs raised

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News   -   Dec 30, 2024 Market Down as Both Sensex and Nifty Fall over 0.5%
Market Down as Both Sensex and Nifty Fall over 0.5%

The Nifty 50 fell 168.50 points, or 0.71%, to close at 23,644.90; while the Sensex lost 450.94 points, or 0.57%, and was at 78,248.13 as trading ended.

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News   -   Dec 20, 2024 World Bank loan for Andhra Pradesh Capital Project
World Bank loan for Andhra Pradesh Capital Project

The Amaravati Integrated Urban Development Program, worth $800 million, has been approved by the World Bank's Board of Executive Directors to construct Amaravati, the greenfield capital of Andhra Pradesh. The loan has a maturity period of 29 years, including a six-year grace period. The World Bank added that

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News   -   Dec 19, 2024 Indian Stocks Fall, Rupee Hits Record Low
Indian Stocks Fall, Rupee Hits Record Low

Indian equity indices dropped on Thursday, with IT stocks leading the decline, as the Federal Reserve signalled fewer interest rate cuts in 2025, raising concerns over foreign investment outflows. The Sensex fell by over 900 points and closed at 79, 218, while the Nifty dropped to 23,951. The rupee

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News   -   Dec 19, 2024 New Delhi Prepares for Potential US Tariff Hikes on Exports
New Delhi Prepares for Potential US Tariff Hikes on Exports

New Delhi is conducting a detailed sector-wise analysis, preparing for possible tariff increases on Indian exports to the United States, as reported by The Economic Times. On Tuesday, President-elect Donald Trump had said that the US will impose reciprocal tariffs on Indian goods since New Delhi imposes high tariffs on

by Publisher
Manufacturing Growth Slows to 12-Month Low in December
News   -   Jan 02, 2025 Manufacturing Growth Slows to 12-Month Low in December

India’s manufacturing growth slowed to a 12-month low in December, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, slipping to 56.4 from 56.5 in November. While still above the 50-point threshold signalling expansion, it marked the slowest growth rate in

by Publisher
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News   -   Jan 02, 2025 Manufacturing Growth Slows to 12-Month Low in December
Manufacturing Growth Slows to 12-Month Low in December

India’s manufacturing growth slowed to a 12-month low in December, with the HSBC India Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, slipping to 56.4 from 56.5 in November. While still above the 50-point threshold signalling expansion, it marked the slowest growth rate in

by Publisher
News   -   Jan 02, 2025 SENSEX, NIFTY Gain over 1.8% in Intraday Trading
SENSEX, NIFTY Gain over 1.8% in Intraday Trading

In a positive turn of events, markets reversed the downtrend of recent weeks. The NIFTY 50 rose 445.75 points, or 1.88%, to close at 24,188.65; while the SENSEX gained 1,436.30 points, or 1.83%, and was at 79,943.71 as trading ended.

by Publisher
News   -   Jan 02, 2025 Banks' Non-Food Credit Drops to 11.8%
Banks' Non-Food Credit Drops to 11.8%

According to data released by the Reserve Bank of India (RBI), non-food credit year-on-year growth in scheduled commercial banks dropped to 11.8% in November 2024, compared to 16.5%. The industry also saw a loan growth of 8.1% in November 2024 compared to the figure of 5.5%

by Publisher
News   -   Jan 02, 2025 Primary Market Investment Surges as FPIs Shift Focus from Secondary Market
Primary Market Investment Surges as FPIs Shift Focus from Secondary Market

Foreign portfolio investors (FPIs) invested $14.5 billion in India's primary market in 2024, primarily through initial public offerings (IPOs) and qualified institutional placements (QIPs), while pulling out $14.37 billion from the secondary market, netting $124 million, according to National Securities Depository Limited (NSDL). 90 IPOs raised

by Publisher
News   -   Dec 30, 2024 Market Down as Both Sensex and Nifty Fall over 0.5%
Market Down as Both Sensex and Nifty Fall over 0.5%

The Nifty 50 fell 168.50 points, or 0.71%, to close at 23,644.90; while the Sensex lost 450.94 points, or 0.57%, and was at 78,248.13 as trading ended.

by Publisher
News   -   Dec 20, 2024 World Bank loan for Andhra Pradesh Capital Project
World Bank loan for Andhra Pradesh Capital Project

The Amaravati Integrated Urban Development Program, worth $800 million, has been approved by the World Bank's Board of Executive Directors to construct Amaravati, the greenfield capital of Andhra Pradesh. The loan has a maturity period of 29 years, including a six-year grace period. The World Bank added that

by Publisher
News   -   Dec 19, 2024 Indian Stocks Fall, Rupee Hits Record Low
Indian Stocks Fall, Rupee Hits Record Low

Indian equity indices dropped on Thursday, with IT stocks leading the decline, as the Federal Reserve signalled fewer interest rate cuts in 2025, raising concerns over foreign investment outflows. The Sensex fell by over 900 points and closed at 79, 218, while the Nifty dropped to 23,951. The rupee

by Publisher
News   -   Dec 19, 2024 New Delhi Prepares for Potential US Tariff Hikes on Exports
New Delhi Prepares for Potential US Tariff Hikes on Exports

New Delhi is conducting a detailed sector-wise analysis, preparing for possible tariff increases on Indian exports to the United States, as reported by The Economic Times. On Tuesday, President-elect Donald Trump had said that the US will impose reciprocal tariffs on Indian goods since New Delhi imposes high tariffs on

by Publisher
Latest Articles 8 Articles
News   -   Jan 15, 2025 Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX
Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1

by PTI
News   -   Jan 15, 2025 GOP Lawmaker Warns Adani Case Could Harm US-India Relations
GOP Lawmaker Warns Adani Case Could Harm US-India Relations

A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.

by PTI
News   -   Jan 15, 2025 Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal
Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal

The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money

by PTI
News   -   Jan 15, 2025 Armed Forces' Welfare a Govt Priority, says PM Modi
Armed Forces' Welfare a Govt Priority, says PM Modi

Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering

by PTI
News   -   Jan 15, 2025 Odisha Eyes Greenfield Steel Plant Deal in Keonjhar
Odisha Eyes Greenfield Steel Plant Deal in Keonjhar

Odisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the

by PTI
News   -   Jan 15, 2025 Singapore President Arrives in Delhi for Five-Day Visit
Singapore President Arrives in Delhi for Five-Day Visit

President of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as

by PTI
News   -   Jan 15, 2025 Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid
Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid

External Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official

by PTI
News   -   Jan 15, 2025 Fog Disrupts Dialy Life in the National Capital
Fog Disrupts Dialy Life in the National Capital

A thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was

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