India's industrial production output decelerated to 4.8 per cent year-on-year in July 2024, mainly due to poor performance of the manufacturing and mining sectors, as per official data released on Thursday. The factory output growth, measured in terms of the Index of Industrial Production (IIP), was revised to 4.7 per cent in June from provisional estimates of 4.2 per cent released last month. The IIP for July 2024 was 4.8 per cent, as per the data.
Dr Nagesh Kumar, one of the three new MPC members, wanted the MPC to reduce the repo rate by 25 basis points to 6.25%.
'The Spartan Race is a great way to get people out of their couch.'
The medics, however, declared that they would stick to their original demand of taking part in the meeting with 30 members instead of 15 people as mandated by the state government.
Newcastle United's clash with AFC Wimbledon was postponed after flooding damaged the Wimbledon pitch on Monday.
India's biggest oil and gas bid round attracted four bidders that included state-owned ONGC and OIL and private sector Vedanta Ltd, with most blocks getting just two bids, according to Directorate General of Hydrocarbons (DGH). The OALP-IX bid round, where 28 blocks or areas spread over 1.36 lakh square kilometre were offered for finding and producing oil and gas, for the first time saw Reliance Industries Ltd-bp plc combine bidding together with ONGC for one block in Gujarat offshore.
The combined wealth of India's dollar billionaires is now equivalent to 33.81 per cent of India's nominal GDP.
'I want to make it on my own. But could you tell me where to start?'
In sops for the middle class, Finance Minister Nirmala Sitharaman on Tuesday hiked standard deduction by 50 per cent to Rs 75,000 and tweaked tax slabs under the new income tax regime to provide more money in the hands of salaried class with a view to boost consumption. She said salaried employees in the new tax regime could save up to Rs 17,500 in income tax annually following the changes announced in the Budget. The standard deduction for salaried employees is proposed to be increased from Rs 50,000 to Rs 75,000 annually.
Passenger vehicle retail sales in India witnessed a 5 per cent on-year decline in August on account of delayed customer purchases, poor consumer sentiment and persistent heavy rains, industry body FADA said on Thursday. The overall passenger vehicle (PV) registrations last month stood at 309,053 units, as compared to 323,720 units in August 2023.
Jannik Sinner secured the year-end world number one ranking by beating Czech 30th seed Tomas Machac in the Shanghai Masters semi-finals.
Agitating junior doctors in West Bengal resumed their indefinite 'total cease work' on Tuesday to press for various demands, including ensuring their safety and security at all medical establishments.
In a sparkling show by India's women wrestlers at the Under-17 World Championships, four grapplers annexed the titles here on Thursday and at least two more are in gold medal contention.
Palash Muchhal shared a photo of them cutting a cake with the caption '5' .
The news of Dixon Technologies (India)'s tie-up with HP in addition to its existing Lenovo and Acer partnerships has led to a 5 per cent stock uptick since the start of the week. Dixon can target roughly 60 per cent of India's addressable IT hardware market with these contracts. Dixon targets Rs 48,000 crore in revenue from IT hardware under the PLI scheme over the next six years.
Barcelona striker Robert Lewandowski scored twice to set his side on course for a 5-0 Champions League thrashing of Swiss side Young Boys on Tuesday as the Catalan giants bounced back from a 2-1 loss at AS Monaco in their opener.
The Indian men's hockey team dished out a dominant performance to launch its title defence with a commanding 3-0 win over hosts China in the Asian Champions Trophy in Hulunbuir, China on Sunday.
Paris St. Germain's unbeaten start to their Ligue 1 season continued on Friday with a comfortable 3-1 win over Rennes at the Parc des Princes that saw Bradley Barcola score twice to keep them top of the standings.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
'In terms of incentives, if you think about it, hybrids are a 20-year-old technology.'
IMAGES from the Champions League matches played on Tuesday.
Harvinder Singh and Pooja Jatyan fought hard before going down against top seeds Elisabetta Mijno and Stefano Travisani 2-6 in the semifinals of the recurve mixed team open category at the Paralympics in Paris on Thursday.
'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'
Harvinder Singh is the first ever Indian to win a gold medal in archery at the Paralympics.
India's top-ranked tennis player Sumit Nagal was ousted by Pedro Cachin of Argentina in the pre-quarter-finals of the Braunschweig ATP Challenger, in Braunschweig, Germany, on Wednesday.
The police asked people and officials to ensure the video was not forwarded to anyone in any manner.
IMAGES from Day 1 of the US Open played Flushing Meadows, New York, United States, on Monday.
Most investors should have a 5% to 10% allocation to gold for diversification. They should stagger their investments to mitigate timing risk.
Indian ace Manika Batra's impressive run in the Paris Olympics came to an end in Paris on Wednesday with a 1-4 defeat at the hands of higher-ranked Japanese Miu Hirano in the women's singles pre-quarterfinals.
The Reserve Bank of India (RBI) has recognised the Fintech Association for Consumer Empowerment (FACE) as a self-regulatory organisation (SRO) in the fintech sector, the central bank announced on Wednesday. The banking regulator received three applications for fintech SRO. Of the remaining two applications, one has been returned by the RBI with a provision for resubmission after meeting specific requirements, while the third application is still under examination, said Governor Shaktikanta Das at the Global Fintech Fest in Mumbai.
Companies like Flipkart, Amazon and Meesho as well as quick commerce ones like Blinkit, Zepto and Swiggy Instamart may create hundreds of thousands of seasonal jobs for the coming festival season.
Two-time world champion Nikhat Zareen powered into the women's 50kg Olympics pre-quarterfinals with a tenacious victory over Germany's Maxi Carina Kloetzer in Paris on Sunday.
Coco Gauff and Katerina Siniakova claimed the French Open women's doubles title after beating Italians Sara Errani and Jasmine Paolini.
IMAGES from Day 9 of the Wimbledon Championships, at the All England Lawn Tennis and Croquet Club, London, on Tuesday.
Analysts are of the view that long-term investors could continue to hold the stock, irrespective of the MSCI development.
Carlos Alcaraz produced an utterly ruthless performance to dismantle Novak Djokovic in the Wimbledon final on Sunday.
ITC, State Bank of India, HCL Technologies and IndusInd Bank were the other big laggards. NTPC, UltraTech Cement, HDFC Bank and Mahindra & Mahindra were among the gainers.
The wait for India to become a $5-trillion economic powerhouse by 2024-25 (FY25) is going to take longer than what the finance ministry had originally intended, according to the International Monetary Fund (IMF). The vision will instead be achieved in 2028-29 (FY29), reveals the IMF data, illustrating a four-year delay. Chief Economic Advisor (CEA) V Anantha Nageswaran had in February said India would become a $5-trillion economy by 2025-26 or the following year, on the back of 8-9 per cent sustained growth rate in real gross domestic product (GDP). However, the IMF data conveys that the economy will be $4.92 trillion in FY28, clearly alluding to the fact that the target will be realised in FY29.
Images from Saturday's action in the Nations League group stage matches.
Vinicius Jr came off the bench to score once and set up another goal to steer champions Real Madrid to a 4-1 fightback victory over Espanyol.
