CATEGORIES

IMF raises India GDP growth forecast for FY24 to 6.3%

The agency projects the global growth rate at 2.9% for 2024

Markets bounce back

DOMESTIC MARKETS MADE a strong comeback on Tuesday a day after the Israel-Gaza conflict resulted in panic selling that wiped out about 3.68 trillion of investor wealth.

India follow Dhoni playbook

AN HOUR-AND-a-half before the toss on Sunday, Ravindra Jadeja stepped out of the dressing room and headed straight to the square where India's support staff were taking a hard look at the pitch.

Assemblies in poll-bound states met for less than 30 days a year: Report

AS FIVE STATES go to polls, data compiled by a think tank showed that these state assemblies Madhya Pradesh, Rajasthan, Telangana, Chhattisgarh and Mizoram - met for less than 30 days a year and the number of sittings have been going down over the years.

Polling in five states Nov 7-30, between counting on Dec 3

FIVE STATES of THE Rajasthan, Madhya Pradesh, Chhattisgarh, Telangana and Mizoram, which go to polls between November 7 and November 30, have seen an improvement in their electoral gender ratio, with Chhattisgarh having more women voters for the first time.

Global stocks decline on Middle East conflict

Shares of oil and defence companies buck the trend

Tata Motors: India business takes lead

JLR too witnesses robust 29% y-o-y wholesale volume growth

Geneva auto show resurrects itself in 40C heat of Qatar

SHIMMERING SKYSCRAPERS, DESERT backdrops and 40C (104F) heat: not what you'd usually expect at the Geneva International Motor Show, but that's the setting for this year's event as it shifts to Qatar's capital Doha.

Evergrande creditors call pulled debt plan 'complete surprise'

A GROUP OF offshore creditors of China Evergrande Group said they were \"left in the dark\" after the developer scrapped a meeting for its multi-billion dollar restructuring plan, in the latest example of investor frustration with governance issues at some Chinese firms.

Tesla prices rival average US cars after billions in cuts

TESLA'S TOP-SELLING ELECTRIC vehicles now compete directly with gasoline cars on price after the latest round of price reductions. The lower prices could cost the company $1.2 billion a year, according to at least one investor.

Citigroup to sell $3.6 billion China retail assets to HSBC

Citi’s consumer banking business size is dwarfed by Chinese banks

Banks' share in micro loans falls further in Q1: Report

THE MARKET SHARE of banks in the microfinance segment declined further to nearly 32% in April-June, from 38.4% a year ago, as non-bank lenders witnessed a sharp rise in disbursements, a report from SaDhan said on Monday.

Digitisation, easy access lead to higher retail F&O trading

HIGHER DIGITISATION and easy access to trading platforms have led to a surge in futures and options volumes trading by retail investors in the first six months of FY24, nearly overtaking that of FY23.

Benchmark yield at 7-month high as OMO twist hurts

Soaring crude prices and US yield are also giving discomfort

NBC makes foray into aerospace, space segments

INCREASING LOCALISATION LEVELS in aircraft assembly has prompted National Engineering Industries (NBC) to enter the aerospace and space segments, with a focus on supplying bearings a crucial component in the manufacturing process.

SC may hear telcos' plea on AGR in open court

THE SUPREME COURT on Monday agreed to consider hearing curative petitions filed by Vodafone Idea and Bharti Airtel, citing arithmetical errors in the calculation of adjusted gross revenue (AGR) dues by the Department of Telecommunications (DOT) in an open court.

Mumbai realty set for a boost as infra projects near completion

WITH FOUR KEY infrastructure projects in the Mumbai Metropolitan Region (MMR) nearing completion, the business and residential hubs of the city will soon see increased activity in real estate, said a report released on Monday.

New vehicle registrations hit a record high in Sept

NEW LAUNCHES, IMPROVED stock supplies by manufacturers and the general festive cheer pushed registrations of cars and sports utility vehicles (SUVS) to their best-ever September, retail data show.

Xoom fails to lift Hero MotoCorp's scooter sales

HERO MOTOCORP'S THIRD 110cc scooter, the Xoom, launched in January, has failed to lift the company's overall scooter sales.

IT deals: Rising focus on cost optimisation

WITH GLOBAL UNCERTAINTIES and inflationary pressure weighing on clients' minds, Indian IT companies are seeing significant traction in the numbers of cost efficiency deals.

G20 FMs to talk MDBs, crypto, world economy

FINANCE MINISTER NIRMALA Sitharaman will chair the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Marrakech (Morocco) later this week to discuss strengthening Multilateral Development Banks (MDBs), the global economy and crypto assets agenda.

Sept CPI inflation seen at 3-month low of 5.4%

INDIA'S CONSUMER PRICE Index (CPI)-based inflation likely fell to a three-month low of 5.4% in September from 6.83% in August, primarily due to sharp correction in prices of tomatoes, according to an FE poll of 16 economists.

Urban unemployment falls to 6.6% in Q1 FY24

Increased capex from govt helped to create more jobs

Gems, jewellery exports to be hit

THE ESCALATION OF conflict and its prolongation in West Asia could sound trouble for India's gems and jewellery exports, which are already facing headwinds, as cost involved in shipments to Israel and some of its biggest markets in the region could increase.

Renewed oil spurt stokes inflation and CAD worries

THE OUTBREAK OF the Israel-Hamas war has once again fuelled worries of high crude prices, which after touching a year-high of $97 per barrel in September had briefly corrected sharply last week.

WAR SPILLOVER TO LEBANON LOOMS

ISRAELI ARMY KILL INFILTRATORS ENTERING FROM LEBANON | ISRAEL'S TOLL CLIMBS TO 800; 500 DEAD IN HAMAS-CONTROLLED GAZA | NETANYAHU'S LIKUD PARTY, OPPN MAY JOIN HANDS FOR UNITY GOVT

Pay gap economist wins Nobel

AMERICAN ECONOMIC HISTORIAN Claudia Gold in won the 2023 Nobel economics prize for her work examining wage inequality between men and women, the Royal Swedish Academy of Sciences said on Monday.

Maruti Suzuki lays out ₹1.25-trn capex plan

MARUTI SUZUKI INDIA, the country's largest passenger car manufacturer, has laid out a capital expenditure (capex) plan of ₹1.25 trillion till FY31 as it looks to almost double its domestic volumes.

Benchmarks feel the heat

STOCKS LOSTVALUE in Monday's trading session as geopolitical tensions escalated after Palestinian militant group Hamas launched a surprise attack on Israel.

Oil climbs, stocks sulk

Brent rises nearly 4%; India says will handle the situation maturely