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S&P Global: India set for 'resilient' growth in 2025

THE INDIAN ECONOMY is set for resilient growth in 2025 on the back of strong urban consumption, steady service sector growth, and ongoing investment in infrastructure, S&P Global Ratings has said in its 'India Outlook for 2025' note.

Inoperative Jan Dhan accounts have ₹14,750 cr balance

INOPERATIVE BANK ACCOUNTS under Pradhan Mantri Jan Dhan Yojana (PMJDY) have a balance of ₹14,750 crore as of November 20, 2024, the finance ministry informed Rajya Sabha on Tuesday.

Industry body seeks separate policy for stainless steel sector

INDUSTRY BODY ISSDA has urged the government to formulate a separate policy for the stainless steel industry.

PM to lay out plan for socio-economic growth

● Agenda includes jobs, manufacturing, and MSMES

Highway construction declines 6.6% on year

HIGHWAY CONSTRUCTION IN the first eight months of this fiscal stood close to 4,900 km, which is 6.6% lower than 5,248 km in the same period last year.

Retail inflation likely fell sharply to 5.6% in Nov

● Decline was mainly due to cooling of vegetable prices

SVOD audience falls 2% in India: Report

INDIA'S SUBSCRIPTION VIDEO-ON-DEMAND (SVOD) audience base has witnessed a slight decline, dropping by 2%, from 153 million in 2023 to 150.6 million in 2024, according to The Ormax SVOD Audience Report: 2024.

Verdict is clear: Mega merger unlikely to threaten WPP's stupendous lead in India

Globally, Omnicom is the bigger of the two partners; but in India, IPG is at least three times larger than Omnicom, and WPP is double the size of IPG

Omnicom takes aim at Big Tech, AI with $13-bn Interpublic deal

OMNICOM GROUP has struck a $13.25 billion all-stock deal to buy rival Interpublic, creating the world's largest advertising agency as traditional players look to better compete with Big Tech firms amid accelerating use of AI.

Luxury property market is a boon to Trump's biz

Following Trump's win, a developer told local media about new deals. Like others, Indian firms buy land, build high-rises, sell the units and pay a fee to use 'Trump' name, which is putting India even more squarely in Trump Organization's sights

FY25 Budget shows ways to build an efficient workforce

SKILLS-BASED GROWTH COMPACT CAN BE KEY

IT sector hiring may grow 20% in 2025

THE IT SECTOR, which is on the path of recovery, is expected to witness 15-20% growth in job opportunities across various industries in 2025, talent solutions company NLB Services said.

India monitoring Syria situation, calls for stability

A DAY AFTER rebel forces overthrew President Bashar Assad's authoritarian government in Syria, India on Monday joined leading nations to call for stability and preserve the unity, sovereignty and territorial integrity of the Arab nation.

MFI disbursals drop 10% in Q2 as credit quality takes a hit

DISBURSEMENTS BY MICROFINANCE institutions dropped by more than 10% in the July-September period compared to the year-ago period as the industry started witnessing stress on asset quality, according to data shared by a self-regulatory organisation.

Sanjay Malhotra to succeed Shaktikanta Das as next RBI governor

While the growth in gross domestic product (GDP) plunged to a seven-quarter low of 5.4% in the second quarter of the current fiscal and demand looked weak, the RBI maintained its \"neutral\" stance.

CVC offers to buy software firm in $1.2-billion deal

SHARES IN GERMAN health-care software provider CompuGroup Medical surged 30% on Monday after the company said investor CVC Capital Partners has offered to acquire it and take it off the stock exchange.

South Korean prez barred from travelling abroad

SOUTH KOREAN PRESIDENT Yoon Suk Yeol has been banned from leaving the country over a failed attempt at imposing martial law, a justice ministry official said on Monday, amid growing calls for him to step down and a deepening leadership crisis.

Policy shift spurs surge in stocks, bond

STOCKS JUMPED AND China's government bonds rallied after the Politburo shifted its monetary policy stance to imply more easing is coming, mirroring moves made in previous crises.

Chipmaker Nvidia faces Chinese probe

CHINA ON MONDAY said it has launched an investigation into Nvidia Corp over suspected violations of the country's anti-monopoly law, in a move that will likely be seen as a retaliatory move against Washington's recent chip curbs.

China signals bolder stimulus as Trump returns to power

● Shift from 'prudent' strategy to come after 14 years

Gallagher to buy Assured Partners in $13.45-bn deal

ARTHUR J GALLAGHER said on Monday it would acquire insurance broker Assured Partners in an all-cash deal worth $13.45 billion, as it looks to bolster its focus on property and casualty and employee benefits across the U.S.

● FMCG company's long-term prospects are positive

The management anticipates mid-single-digit revenue growth with Ebitda margins below the normal range of 24-27%

CEAT: Focus on off-highway tyres

Camso deal to also strengthen company's portfolio in tracks

Tata Power: Focus on green energy growth

● Solar manufacturing, rooftop EPC projects to be key drivers

Crypto doesn't deserve a tax exemption

I AM (MOSTLY) bullish on crypto and (usually) sceptical of higher taxes, especially on capital gains. So why do I think it would be wrong to make crypto assets exempt from capital gains taxes, as President-elect Donald Trump's administration is reportedly considering?

Globalisation and India

VOLATILE GEOPOLITICAL REALITIES DO NOT AUGUR THE END OF GLOBALISATION

A new beginning

As he begins his term as RBI governor, Malhotra has to fill the big shoes of Das who has done a tremendous job

A solution in search of a problem

While the idea of a BRICS currency is a powerful negotiating tool in challenging dollar dominance, there are more long-term solutions

Master of the finest balancing act

● Despite not succeeding in sending the inflation 'elephant' back to the jungles, he was able to resist the rate cut pressure

Sebi alerts on risks of unlisted securities trading

THE SECURITIES AND Exchange Board of India (Sebi) has cautioned investors against platforms that facilitate transactions in unlisted securities of public limited companies.