After a gap of nearly two years, India's industrial production turned negative as it contracted by 0.1 per cent in August, mainly due to a decline in the mining and power generation sectors' output, in addition to an almost flat expansion in the manufacturing sector. According to the data released by the National Statistical Office (NSO), factory output growth based on the Index of Industrial Production (IIP) has also been revised downwards for July to 4.7 per cent from the earlier estimate of 4.8 per cent. "The IIP growth rate for the month of August 2024 is (-) 0.1 per cent, which was 4.7 per cent in the month of July 2024," NSO said in a release.
India's economic growth slowed to near two-year low of 5.4 per cent in the July-September quarter of this fiscal due to poor performance of manufacturing and mining sectors, but the country continued to remain the fastest-growing large economy, data showed on Friday. The gross domestic product (GDP) had expanded by 8.1 per cent in the July-September quarter of 2023-24 fiscal. The previous low level of GDP growth at 4.3 per cent was recorded in the third quarter (October-December 2022) of financial year 2022-23.
While praising the internship scheme announced in the Budget, India Inc wants clarity on how it will be implemented. The scheme is expected to help companies address the skill gap in employment. Dheeraj Hinduja, chairman, auto major Ashok Leyland, said: "We had started an internship programme at our plant in Pantnagar, which we established in 2010 with colleges there.
'Really happy with BCCI. They've agreed with most things I've asked for. The crux of the support staff will remain as they are.'
'I never expected a very easy run for me. I know that we lost in Sri Lanka and against NZ and it is not a good place to be. All we can do is keep working hard and we will try winning every game that we play to represent the country.'
'What makes Shubman Gill stand out is his adaptability.'
Retail inflation in August inched up to 3.65 per cent, though vegetables and pulses witnessed price rise in double digits, according to official data released on Thursday. The retail inflation based on the Consumer Price Index (CPI), however, remained below the Reserve Bank's median target of 4 per cent for the second month in a row. It was at a five-year low of 3.6 per cent in July.
Rinku Singh has put up a strong show in the first two matches of the five-match T20I series against Australia.
Gambhir, who took over from Rahul Dravid after the T20 World Cup, has shared the Indian dressing room with the likes of Kohli, Rohit and Ashwin in the not-so-distant past.
The central government's fiscal deficit during 2023-24 at 5.6 per cent of the GDP was better than previous estimates of 5.8 per cent on account of higher revenue realisation and lower expenditure, according to official data released on Friday. In actual terms, the fiscal deficit -- or gap between expenditure and revenue -- was Rs 16.53 lakh crore, or 5.63 per cent of the GDP, which grew 8.2 per cent in 2023-24.
'If he couldn't plan a successful strategy for a home series, how will he manage in a more challenging away series?', asks veteran cricket correspondent K R Nayar.
The eight key infrastructure sectors' growth rose by 6.3 per cent in May on healthy expansion in the production of coal, natural gas, and electricity, though the growth rate is lower than in April, according to official data released on Friday. The production of the eight sectors grew 6.7 per cent in April. The growth of these core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 5.2 per cent in May 2023.
Kuldip Nayar, veteran journalist and author of many books, thinks that the current Parliament does not represent the sentiments of the people.
It could well be the last of his innumerable comebacks but Dinesh Karthik is not losing sleep over it as he intends to build on the recent gains in international cricket by following the timely advice of India coach Ravi Shastri.
Retail inflation eased to an 11-month low of 4.83 per cent in April as prices of some kitchen items declined though overall food basket firmed up marginally, according to a government data released on Monday. The Consumer Price Index (CPI)-based retail inflation was 4.85 per cent in March. It was 4.7 per cent in April 2023.
The head coach gets to pick the support staff, and Gambhir is no exception. However, the board has reportedly nixed his first choices for bowling and fielding coaches.
The Reserve Bank of India on Wednesday decided to keep the policy rate unchanged for the tenth time in a row but changed its stance to 'neutral' that may lead to a cut in the forthcoming policies. RBI maintained status quo despite the US Federal Reserve lowering the benchmark rates by 50 basis points last month.
Poor batting, poor leadership, clueless coaches...
Retail inflation increased to four-month high of 5.08 per cent in June as food items, including vegetables became dearer, according to government data released on Friday. The Consumer Price Index (CPI) based retail inflation was on a decline since January, before rising again in June. The CPI-based retail inflation was 4.8 per cent in May 2024 and 4.87 per cent in June 2023.
Mumbai civic authorities demolished part of a stage constructed near the residence of socialite Parmeshwar Godrej for the party she is hosting for the couple.
The growth of eight key infrastructure sectors rose to 5.2 per cent year-on-year in March due to improvement in the output of crude oil, cement and electricity, according to official data released on Tuesday. In 2023-24, the growth rate in the output of these eight sectors was 7.5 per cent, marginally down from 7.8 per cent recorded in the year-ago period.
Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7.
The Delhi high court on Tuesday directed X Corp and Google Inc to remove prima facie defamatory social media posts against Indian Railway Personnel Service (IRPS) officer and Lok Sabha Speaker Om Birla's daughter Anjali Birla.
India's economic growth slowed to a 15-month low of 6.7 per cent in April-June 2024-25, mainly due to poor performance of the agriculture and services sectors, government data showed on Friday. The gross domestic product (GDP) expanded by 8.2 per cent in the April-June quarter of 2022-23. India, however, remained the fastest-growing major economy, as China posted a 4.7 per cent growth in April-June 2024.
India's industrial production growth slowed to 3.8 per cent in December 2023, mainly due to poor performance of mining and power generation segments, according to official data released on Monday. The factory output growth measured in terms of the Index of Industrial Production (IIP) was at 5.1 per cent in December 2022. In November last year, IIP growth stood at 2.4 per cent.
The 39 year-old has played 86 Tests, 117 ODIs and 44 T20Is for South Africa with a total of 544 international wickets.
'I have always taken pride while donning the Indian jersey during my playing days and it is going to be no different when I take up this new role.'
Musheer Khan stroked a fluent 181 from 373 balls, while Navdeep Saini claimed 2/36 to give India B the upperhand on Day 2 of the Duleep Trophy match.
'If I had continued staying in Kerala and making films, I would have probably lost my life.' 'I am no longer a film-maker.'
The 58-year-old actor gave a shout-out to KKR mentor Gautam Gambhir, assistant coach Abhishek Nayar and head coach Chandrakant Pandit. He also mentioned KKR skipper Shreyas Iyer and support staff Ryan ten Doeschate, Bharat Arun, Carl Crowe, and Nathan Leamon in the post.
Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars, allowing it to squeeze advertisers.
The financial nitty-gritties of Gautam Gambhir's appointment as India's head coach are yet to be worked out but that's the "last of his concerns" right now
India recorded a current account surplus of $5.7 billion or 0.6 per cent of GDP in the March quarter, the Reserve Bank of India said on Monday. This is the first time in ten quarters that the crucial metric of the country's external strength has turned into surplus mode. In the year-ago period, the current account deficit stood at $1.3 billion or 0.2 per cent of GDP, and the same was $8.7 billion or 1 per cent of GDP in the preceding quarter ending December 2023.
Kriti Sanon was joined by Katrina Kaif, Janhvi Kapoor, Lisa Haydon and Jim Sarbh.
India all-rounder Axar Patel says new T20 skipper Suryakumar Yadav allows bowlers the freedom to execute their plans.
Kejriwal has filed two separate petitions challenging the denial of bail and against his arrest by the CBI in the corruption case filed by the central agency.
Rinku, who is not having a great IPL season as he is not getting to face enough balls, though made it to the list of reserves.
'Any finality in such matters requires political views. We will review it closer to the full Budget.'
'When it comes to strategy or planning for a match, there is nobody better than Dhoni.' 'Whether he is uncapped or capped, every franchise would want to pick Dhoni, no matter what price he is available for.'
'One of the things I have really learned from him is that if he doesn't do well, he is dropped from the team, it's just two or three days when he is in a lull, and then he is back on his feet, thinking about what to do next.'
