Economy
Economy
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 PublisherIn 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 PublisherAccording 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 PublisherForeign 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 PublisherThe 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 PublisherThe 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 PublisherIndian 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 PublisherNew 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 PublisherIndia’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 PublisherIndia’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 PublisherIn 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 PublisherAccording 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 PublisherForeign 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 PublisherThe 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 PublisherThe 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 PublisherIndian 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 PublisherNew 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 PublisherBengaluru-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 PTIA 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 PTIThe 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 PTIPrime 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 PTIOdisha 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 PTIPresident 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 PTIExternal 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 PTIA 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
by PublisherBengaluru-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
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.
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
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
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
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
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
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