ADB lowers India growth estimate to 6.5% for FY25
Financial Express Mumbai|December 12, 2024
THE ASIAN DEVELOPMENT Bank (ADB) on Wednesday lowered India's growth estimate to 6.5% from 7%, due to a deceleration of growth in the second quarter.
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ADB lowers India growth estimate to 6.5% for FY25

It also lowered the estimate for the next financial year to 7% from 7.2% due to lower-than-expected growth in private investment and housing demand.

India's gross domestic product (GDP) rose by 5.4% year-on-year in the July-September quarter, the lowest in seven quarters. The H1FY25 growth has come in at 6%.

هذه القصة مأخوذة من طبعة December 12, 2024 من Financial Express Mumbai.

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هذه القصة مأخوذة من طبعة December 12, 2024 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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Why international stars are pulling out of Hockey India League en masse
Financial Express Mumbai

Why international stars are pulling out of Hockey India League en masse

IN OCTOBER, WHEN the Hockey India League (HIL) player auctions were held, 96 international stars were snapped up by eight men and four women franchises. Now, with a fortnight left for the competition to begin, more than one-fourth of them have pulled out.

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2 mins  |
December 12, 2024
Financial Express Mumbai

Pushpa 2 hits ₹1,000-crore milestone at global BO

ALLU ARJUN'S PUSHPA 2: The Rule has hit the milestone of ₹1,000 crore at the global box office in just six days, making it the fastest Indian film to register the feat.

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1 min  |
December 12, 2024
US hotels welcome Indian tourists with chai, samosa
Financial Express Mumbai

US hotels welcome Indian tourists with chai, samosa

US HOTELS AND travel companies are aiming to tap a surge in Indian tourists to boost revenue as domestic leisure spending falters and demand from East Asian countries remains below pre-pandemic levels.

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1 min  |
December 12, 2024
EY case puts spotlight on white-collar labour laws
Financial Express Mumbai

EY case puts spotlight on white-collar labour laws

Decades-old laws largely focused on blue-collar workers

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1 min  |
December 12, 2024
'India should stop playing footsie with everyone and say loudly that we are part of an open world'
Financial Express Mumbai

'India should stop playing footsie with everyone and say loudly that we are part of an open world'

A Tan Adda held in Mumbai, political analyst and CNN news host Fareed Zakaria spoke on what Trump's win means for the rest of the world, how his talk of increasing tariffs will play out, and why India is the most pro-American country in the world

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4 mins  |
December 12, 2024
Financial Express Mumbai

Equirus Wealth crosses ₹10K cr in assets under management

Equirus Wealth on Wednesday said it has surpassed ₹10,000 crore in assets under management (AUM).

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1 min  |
December 12, 2024
MFs, pension funds must be active in corp bond market: Setty
Financial Express Mumbai

MFs, pension funds must be active in corp bond market: Setty

STATE BANK OF India (SBI) chairman C S Setty on Wednesday called for active participation of mutual funds and pension funds in the corporate bond market.

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1 min  |
December 12, 2024
Financial Express Mumbai

Rupee gains 2p to settle at 84.83

THE RUPEE GAINED 2 paise to close at 84.83 against the US dollar on Wednesday, a tad above its all-time low level, amid rising expectations of a shift in the Reserve Bank's monetary policy stance following the appointment of Sanjay Malhotra as the new governor.

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1 min  |
December 12, 2024
Financial Express Mumbai

Sebi notifies tighter insider trading rules

RISK OF UNJUST ACCUSATIONS RISES

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1 min  |
December 12, 2024
Prioritising inclusion in social networking
Financial Express Mumbai

Prioritising inclusion in social networking

@®Famm Connect acts as a LinkedIn for the LGBTQ+ community

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2 mins  |
December 12, 2024