Articles for tag: Consumption, Control, DAS, Emphasizing, GDP, Governor, Growth, Indias, Inflation, Investment, Optimistic, RBI, reassures, Shaktikanta, Slowing, Trends

Market News

RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.

RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.

Shaktikanta Das, Governor of the Reserve Bank of India, affirmed that India’s economic growth story remains strong despite a slowdown in GDP during the first quarter. He highlighted that consumption and investment are both increasing. Das emphasized the need for new members in the Monetary Policy Committee to ensure timely meetings. He noted optimism in ...

Market News

India and the UK are on the brink of finalizing a crucial Free Trade Agreement, enhancing their strategic partnership for economic growth.

India and the UK are on the brink of finalizing a crucial Free Trade Agreement, enhancing their strategic partnership for economic growth.

The Free Trade Agreement (FTA) between India and the UK is nearing completion, according to B.V.R. Subrahmanyam, CEO of NITI Aayog. Launched in January 2022, talks had stalled due to elections in both countries. The FTA aims to boost the current GBP 38.1 billion annual trade relationship. Recent agreements, like the UK-India Infrastructure Financing Bridge, ...

Market News

Vedanta Takes Charge: ASI Set for Explosive 10-Fold Growth

Vedanta Takes Charge: ASI Set for Explosive 10-Fold Growth

Vedanta Limited has announced significant growth for its display glass business, expecting a tenfold increase following its recent acquisition of a 46.57 percent stake in AvanStrate Inc. This acquisition boosts Vedanta’s total ownership in the Japanese display glass manufacturer to about 98 percent. With ASI now fully under Vedanta’s control and free from external debt, ...

Market News

Air India Unveils Bengaluru MRO Facility: 1,200 Jobs and Future Growth

Air India Unveils Bengaluru MRO Facility: 1,200 Jobs and Future Growth

Air India is set to enhance India’s aviation landscape with a new Maintenance, Repair and Overhaul (MRO) facility in Bengaluru. Announced by CEO Campbell Wilson, this project will create over 1,200 direct jobs for aviation engineers and significantly boost the local economy by generating seven times as many indirect jobs. The groundbreaking ceremony marked the ...

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India’s Bold Move: Finance Minister Eases Expenditure Caps for Economic Growth

India’s Bold Move: Finance Minister Eases Expenditure Caps for Economic Growth

The Finance Ministry has announced relaxed spending norms for capital expenditures over Rs 500 crore, aiming to boost this fiscal year’s capital expenditure, which is set at an ambitious Rs 11.11 trillion. This decision comes as government spending slowed down during the recent general elections. Finance Minister Nirmala Sitharaman proposed an 11.1% increase in capital ...

Market News

Hero MotoCorp Surges Ahead: 5% Sales Growth Amid Supply Challenges!

Hero MotoCorp Surges Ahead: 5% Sales Growth Amid Supply Challenges!

Hero MotoCorp reported a 5 percent increase in wholesales year-on-year, totaling 512,360 units for August. This is an increase from 488,717 units sold in August 2023. Domestic sales also rose to 492,263 units compared to 472,947 units last year, despite some supply shortages that impacted sales slightly. Exports showed strong growth, reaching 20,097 units, up ...

Market News

RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.

India’s Growth Dips to 15-Month Low Amid Election Spending Constraints

India’s economic growth has slowed to 6.7 percent in the April-June quarter, the lowest in 15 months, according to RBI Governor Shaktikanta Das. He attributed this decline mainly to reduced government spending, linked to the recent Lok Sabha elections and the model code of conduct in place. The Reserve Bank had initially projected a growth ...

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