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Economists raise FY24 GDP forecast

IN THE LIGHT of the higher-than-expected GDP growth of 7.6% in Q2FY24 which was propelled by a sharp rise in manufacturing activity and investments - many economists have raised their GDP growth forecasts for FY24.

UAE launches $30 bn climate fund to plug gap in financing

UNITED ARAB EMIRATES President Sheikh Mohammed Bin Zayed Al Nahyan, whose country is hosting the COP28 climate summit, announced on Friday the establishment of a $30 billion climate fund that aims to attract $250 billion of investment by the end of the decade.

OPEC+ decision fails to arrest fall in crude prices

BRENT CRUDE REGISTERED a fall to a level of $80.6 per barrel despite the recent decision of the Organisation Petroleum Exporting Countries (OPEC) and its allies to extend output cut of 1.7 million barrels a day to 2024.

GST mop-up at ₹1.68 trillion

DRIVEN BY ROBUST consumption ahead of the peak festive season, the government's gross Goods and Services Tax (GST) collections came in at ₹1.68 trillion in November, up 15.1% year-onyear, according to data released by the finance ministry on Friday. The growth rate was the highest recorded in 11 months.

Rate cut likely only after LS polls

THE RESERVE BANK of India's six-member monetary policy committee (MPC) will likely pivot towards repo rate cuts only after the Lok Sabha Elections in 2024, two-thirds or nearly 70% of 13 economists polled by FE said.

HUL splits beauty and personal care business

HINDUSTAN UNILEVER (HUL) is splitting its secondlargest business - beauty and personal care (BPC) - into two as it seeks to fight direct-toconsumer and digital-first brands which have emerged as serious competitors to it in recent years.

GDP data, FII return spur Nifty to new high

INDIAN EQUITIES RECORDED their biggest weekly gains in five months as the benchmark Nifty scaled a new peak driven by encouraging GDP data and the return of FIIs.

India offers to host COP meet in 2028

India among very few on track to fulfil their commitments, PM says

New fund to help poor nations approved

THE UN CLIMATE summit clinched an early victory on Thursday, with delegates adopting a new fund to help poor nations cope with costly climate disasters.

India has walked the talk on climate action, says PM

Set to attend World Climate Action Summit today

Congress urges prompt action on US charge

Congress and the government were largely on the same page when Canadian Prime Minister Justin Trudeau pointed to the potential\" involvement of Indian agents in the killing of Khalistani separatist leader Hardeep Singh Nijjar in June

Amid hiring cuts, IT firms take on more apprentices

APPRENTICESHIP, WHICH WAS earlier seen predomimanufacturing nantly in the sector, is nowwitnessing a surge in the IT and ITES industry.

Enterprises eyeing in-house data for GenAl: Accenture

ENTERPRISES ARE INCREASINGLY looking at using their inhouse knowledge base for generative Al-based applications to avoid the risk of data exposure, Ullas Nambiar, managing director for AI at Accenture, said on Thursday.

Microsoft now board observer at OpenAI

Mira Murati back as CTO; Greg Brockman will return as president

Kissinger shaped Cold War diplomacy

HENRY KISSINGER, A diplomatic powerhouse whose roles as a national security adviser and secretary of state under two presidents left an indelible mark on US foreign policy and earned him a controversial Nobel Peace Prize, died on Wednesday at age 100.

Banks' non-food credit grows 20% in October

Personal loans witness a rise of 30% to ₹49.99 trillion

Nifty posts best monthly gain since July 2022

THE NIFTY 50 logged its biggest monthly gain in November since July 2022, led by information technology (IT) and energy stocks, as bets of the US interest rate cut by March 2024 triggered foreign inflows.

₹10-cr Lamborghini hybrid car on the way

ITALY-BASED SUPER sport carmaker Lamborghini will launch its first-ever V12 plugin hybrid Revuelto, priced at $600,000, in India on December 6. The cost will be upwards of 10 crore as the company will import fully-built units.

Palguntech moves NCLT for data on Future Retail

US-BASED TECHNOLOGY CONSULTING company Palguntech has filed a plea in the bankruptcy court seeking \"critical information\" on Future Retail (FRL) to enable it to place a bid for the debt-laden firm.

Tata Tech looks at high-tech and medical equipment segments

WARREN HARRIS, TATA Technologies chief executive officer, has several reasons to be in an upbeat mood. The blockbuster listing of the company's stock is the most obvious one. The other one is the significant improvement in the company's financial performance in recent years.

Dixon sets up plant to make Xiaomi phones, invests ₹256 crore

PADGET ELECTRONICS, A subsidiary of Dixon Technologies, on Thursday said it has set up a new facility with an investment of 256 crore in Noida to manufacture Xiaomi smartphones.

UltraTech to acquire Kesoram cement biz in share-swap deal

ULTRATECH CEMENT HAS agreed to acquire Kesoram Industries' cement assets in a share-swap deal for an enterprise valuation of a little over ₹7,600 crore. The deal value includes the debt on Kesoram Industries' book of around ₹1,700 crore.

India to export broken rice to five countries

THE GOVERNMENT ON Thursday approved the export of approximately 0.9 million tonne (MT) of broken rice to five African and Asian countries through National Cooperative Export (NCEL).

₹2.23-trn military projects cleared

INDIA ON THURSDAY accorded an initial approval to defence acquisition projects worth ₹2.23 trillion that included procurement of 97 Tejas light combat aircraft and 156 Prachand combat helicopters, in a major move to significantly enhance the combat capabilities of the armed forces.

State's capex has strong impact on quality of life: India Ratings

DESPITE THE FISCAL challenges faced by state governments, they will continue to play an important role in boosting the capex and in turn the economic growth of the country, India Ratings said in a report.

REC clears hike in FY24 borrowing to ₹1.5 trn

STATE-OWNED REC has approved a proposal to increase the borrowing to ₹1.5 trillion from ₹1.2 trillion for the financial year 2023-24, the company said on Thursday.

Govt policies have taken the economy to new heights: PM

PRIME MINISTER NARENDRA Modi on Thursday said his government's policies and decisions have taken the economy to a new height, creating immense possibility for employment and selfemployment generations.

Core sectors grow 12.1% in October on festive boost

The Oct print was also aided by the statistical effect of a low base

Adani, NIIF, Cube among bidders for highway assets

AN ADANI GROUP company and National Investment and Infrastructure Fund (NIIF) are among the bidders for two bundles of highway stretches being monetised by the National Highways Authority of India (NHAI), a senior official said on Thursday.

MP, RAJASTHAN TO BJP LIKELY; CHHATTISGARH, TELENGANA TO CONG - Exit polls predict cliffhangers

EXIT POLLS AIRED by major television networks Thursday predicted that the Congress could retain power in Chhattisgarh and oust the BRS from government in Telangana.