 "India’s manufacturing sector surged in FY23, adding 1.3 million jobs and showing robust growth amid post-pandemic recovery.")
India’s manufacturing sector experienced significant job growth in FY23, adding 1.3 million new positions, up from 1.1 million in FY22. Data from the National Statistical Organisation shows a 7.4% rise in employment, reaching 18.5 million workers. This positive trend correlated with a 7.3% increase in the sector’s gross value added, totaling Rs 21.97 trillion. Key ...
 "Iron ore and manganese production surged amid strong demand, reflecting robust economic growth in key sectors like steel and infrastructure.")
India’s iron ore and manganese ore production saw impressive growth from April to August 2024. The output of iron ore increased by 7.4% to 116 million tonnes, compared to 108 million tonnes in the same period last year. Manganese ore production also jumped by 15.4% to 1.5 million tonnes, up from 1.3 million tonnes. Iron ...
 "Syrma SGS Technology’s share price surged 7.3% after receiving a strong ‘IND A1+’ rating, signaling robust financial health and growth potential.")
Syrma SGS Technology’s share price saw a significant increase, rising 3.77% to Rs 456.85 on the BSE. Earlier in the day, it even hit an intraday high of Rs 472.5 after receiving an ‘IND A1+’ rating from India Ratings and Research for its Rs 110 crore Commercial Paper Program. This rating signifies strong safety for ...
 "India’s economy surged to an 8.2% growth in FY24, but the RBI faces inflation challenges ahead of potential rate cuts.")
India’s economy is showing remarkable resilience, with a growth rate of 8.2% recorded in FY24. S&P Global Ratings has kept its GDP growth forecast for FY25 at 6.8%, acknowledging that the Reserve Bank of India may reduce interest rates as early as October due to moderated urban demand. The Indian government’s focus on fiscal consolidation ...
 "The stock market surged dramatically, with top firms gaining significantly, while TCS, Infosys, and LIC faced steep losses.")
Last week, the BSE benchmark soared by 1,653.37 points, marking a significant 1.99 percent increase. This surge pushed the index to an all-time high of 84,544.31 points, with an intra-day peak of 84,694.46 points. The combined Market value of six of the top ten firms rose by Rs 1,97,734.77 crore, led by ICICI Bank, which ...
 "Intel shares surged on takeover talks with Qualcomm, sparking hopes for a transformative deal in the struggling chip industry.")
Intel Corp. shares surged following reports from the Wall Street Journal that Qualcomm Inc. has approached Intel for a potential takeover, which could set a record for the semiconductor industry. Although discussions are ongoing, a deal is far from certain. Intel’s stock rose 3.4% to $21.87 but remains down 56% for the year, reflecting ongoing ...
 "Boeing’s shares surged after a tentative deal with its union, but a potential strike looms as workers vote on the contract.")
Boeing’s stock rose 3.7% after the company reached a tentative agreement with its largest union, representing over 32,000 workers, avoiding a potential strike. This deal is the first major negotiation led by new CEO Kelly Ortberg, who took charge just a month ago amid challenges. The proposed four-year contract includes a 25% wage increase, which ...
 "Billionaire Gautam Adani and his family have topped the 2024 Hurun India Rich List, despite facing allegations from Hindenburg Research last year. Their wealth surged by 95% to Rs 11.61 trillion, dethroning Mukesh Ambani. Adani recorded the highest wealth growth among India’s top ten richest, with significant gains in sectors like ports and energy. The list also highlights Bollywood’s increasing wealth, with Shah Rukh Khan entering for the first time. Overall, India’s billionaires added Rs 28 trillion, representing over half of the nation’s GDP, as the country becomes Asia’s “wealth creation engine.”")
Adani has surpassed Ambani to become India’s richest person according to the latest Hurun list. In an exciting twist, Bollywood superstar Shah Rukh Khan has made his debut on the list. This marks a significant shift in India’s wealth landscape, highlighting the rapid rise of Adani and the enduring popularity of SRK. Read on to ...
