Domestic rating agency Icra on Wednesday said India's real GDP growth for the September quarter is likely to decline to 6.5 per cent due to heavy rains and weaker corporate performance. The agency, however, maintained its FY25 growth estimate at 7 per cent on expectations of a pick up in economic activity in the second half of the fiscal.
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The India men's team topped with 2125 points, ahead of Italy (2121) and France (2118).
The Centre's fiscal deficit at the end of the first seven months of financial year 2024-25 touched 46.5 per cent of the full-year target, government data showed on Friday. In absolute terms, the fiscal deficit -- the gap between government's expenditure and revenue -- was at Rs 7,50,824 crore during April-October period, according to data released by the Controller General of Accounts (CGA). The deficit stood at 45 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.
Retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21 per cent in October mainly on account of rising food prices. Inflation based on the consumer price index (CPI) was 5.49 per cent in September and 4.87 per cent in the year-ago month. Retail inflation trended below the RBI's upper tolerance band of 6 per cent since September last year.
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Despite gross domestic product (GDP) growth being lower-than-expected for the July-September quarter, the six-member Monetary Policy Committee (MPC) may not cut the policy repo rate in the review meeting scheduled for next week due to high inflation in October, according to experts. "Consumer Price Index (CPI) inflation breaching the upper limit of the RBI's tolerance band in October (6.2 per cent year-on-year) is not a favourable backdrop for the MPC to commence the easing cycle, even as the growth outcome disappointed the MPC's expectations," said Shreya Sodhani, regional economist at Barclays, who expects the policy repo rate to be kept unchanged in the December meeting.
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Mumbai's heavy rains didn't keep film folk from going about their day. Here's how they spent their Tuesday.
The Bollywood Hungama OTT India Fest and India Entertainment Awards saw many winners, and the stars celebrate their wins on social media.
Rediff.com's Hitesh Harisinghani joins the Patkar family as they say goodbye to Lord Ganesha.
The priority now is to work out a comprehensive plan for government formation.
The Supreme Court of India has criticized the Madhya Pradesh High Court's decision to sack a woman judge due to performance concerns, without considering the impact of a miscarriage on her ability to work. The court questioned the lack of similar criteria for male judges and highlighted the mental and physical trauma associated with a miscarriage. The case involves six women civil judges who were terminated by the state government over alleged unsatisfactory performance. While the high court reinstated four judges, the fate of the other two, including the judge who suffered a miscarriage, remains uncertain. The Supreme Court has issued notices to the high court registry and the judicial officers involved, seeking clarification on the termination criteria and emphasizing the importance of considering factors beyond quantitative performance assessments.
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Aditi Rao Hydari reveals her affinity for saris in an interview with Anita Aikara/Rediff.com.
The top court remarked that there is no place for flamboyance in judiciary.
The BJP may be in the Opposition in many states, but nowhere is it as divided as it is in Karnataka, points out Aditi Phadnis.
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There was more to him than he let on, asserts Aditi Phadnis.
The Elle India Fashion Awards 2024's red carpet - Rediff.com's Hitesh Harisinghani was there with his trusty camera -- saw celebs sashay in high-fashion outfits, especially in dramatic cascading satin gowns and sleek tuxedos.
Ajit Pawar's NCP, a constituent of Mahayuti, was winning or leading in 41 of the 59 seats it contested as per the latest figures released by the Election Commission.
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Success and failure are two sides of the same coin, says rediffGURU and Mental Health Expert Anu Krishna. Remind yourself that the feeling of anxiety, disappointment and anger is not permanent.
The 10-day-old BJP-led Mahayuti alliance ministry in Maharashtra was expanded on Sunday, with 39 ministers being sworn in, taking its strength to 42. The BJP secured 19 ministerial berths, followed by 11 for the Eknath Shinde-led Shiv Sena and 9 for Ajit Pawar's Nationalist Congress Party. Governor P C Radhakrishnan administered the oath to the new ministers at the ceremony held in Nagpur. Chief Minister Devendra Fadnavis and deputy CMs Eknath Shinde and Ajit Pawar were present.
Aditi posed for pictures doing yoga at her home.
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Aditi Rao Hydari and Vidyut Jamwal turn showstoppers.
Here's looking at the best of Bollywood outings at the 2024 Cannes Film Festival! Vote and let us know your favourite one.
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.
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Bajaj Auto has become the top player in India's electric vehicle market by monthly volumes, across all categories, with over 25,000 sales and registrations in September. This comes on the back of a big push in expanding distribution by the company and steady demand of electric three-wheelers. In September, the company - according to the latest Vahan data - recorded sales of 17,570 electric two-wheelers, 4,575 three-wheelers, and 3,000 Yulu low-speed electric bikes (based on company sales numbers), which do not require a licence and are not registered on Vahan.
The December meeting of the Reserve Bank of India's (RBI's) six-member Monetary Policy Committee (MPC) will start on Wednesday even as there is no clarity on whether Governor Shaktikanta Das, the chair of the panel, will continue in office after his term ends next week. The outcome of the meeting will be announced on Friday by Das at 10 in the morning.
The growth in production of eight key infrastructure sectors entered a negative zone after three-and-a-half years, contracting 1.8 per cent in August 2024 due to decline in output of coal, crude oil, natural gas, refinery products, cement and electricity, according to official data released on Monday. The growth rate was 6.1 per cent in July. The growth of core sectors -- coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity -- was 13.4 per cent in August 2023.
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The Indian trio of Jyothi Surekha Vennam, Parneet Kaur and Aditi Swami grabbed their third successive Archery World Cup gold medal, beating Turkey 232-226 in a lopsided compound women's team final at the stage two event in Yecheon (South Korea), on Saturday.
Soaring vegetable prices pushed the retail inflation rate to a nine-month high of 5.49 pr cent in September, according to government data released on Monday. The consumer price index (CPI)-based retail inflation rate was 3.65 per cent in August and 5.02 per in September 2023. The previous high inflation rate was witnessed in December 2023 at 5.69 per cent.
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.
Take tips for these celebs on how to give a stylish spin to head-to-toe black outfits.
Vidya Balan paid tribute to legendary singer M S Subbulakshmi on her 108th birth anniversary by recreating some of her iconic looks.
India's golfer Aditi Ashok scripted another piece of history in her fast-rising career by clinching partial playing rights on the Ladies Professional Golf Association (LPGA) Tour with a tied 24th finish in the Qualifying Tournament in Florida.
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