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.
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.
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.
The 39 year-old has played 86 Tests, 117 ODIs and 44 T20Is for South Africa with a total of 544 international wickets.
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.
'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.'
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.
'If I had continued staying in Kerala and making films, I would have probably lost my life.' 'I am no longer a film-maker.'
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.
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.
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.
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.
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.
India all-rounder Axar Patel says new T20 skipper Suryakumar Yadav allows bowlers the freedom to execute their plans.
'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.'
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.
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.
Kriti Sanon was joined by Katrina Kaif, Janhvi Kapoor, Lisa Haydon and Jim Sarbh.
'Any finality in such matters requires political views. We will review it closer to the full Budget.'
India Inc on Thursday pitched for lowering income tax burden on common man, increase in capital expenditure, and firm steps to contain food inflation in their nearly two-hour long interaction with finance minister Nirmala Shitharaman ahead of the Union Budget. During pre-Budget consultation with Sitharaman, the industry leaders and associations also urged the government to focus more on infrastructure development with a view to maintaining the economic growth momentum. The industry leaders also laid stress on boosting the MSME (micro, small, and medium enterprises) sector, considered a backbone of the Indian economy and main employment generator.
'The nominal GDP growth assumption for FY25 may be revised upwards on higher growth expectations.'
'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.'
'Have a feeling this is the last time we are seeing Rohit in Mumbai Indians jersey.'
India SME Forum, an organisation for small and medium businesses, has called for creating a dedicated fund of Rs 5000 crore for the export capacity development, promotion, and marketing of Micro, Small & Medium Enterprises (MSMEs) in its Budget recommendation. The forum for MSMEs with over 98,000 members said that to enhance India's global competitiveness and increase its market share in global exports, it was "crucial to increase the number of active exporters and enable at least 3-4 lakh first-time micro, small, and medium exporters while supporting them in promoting Indian products globally."
Snapping its declining trend, retail inflation rose to a three-month high of 5.55 per cent in November on firming food prices, including vegetables and cereals, though it remains within the RBI's comfort zone of less than 6 per cent. Inflation based on the Consumer Price Index (CPI) was 4.87 per cent in October and 5.88 per cent in November 2022, the government data released on Tuesday showed. The previous high was 6.83 per cent in August and inflation had been on a decline since then.
The growth of eight key infrastructure sectors slowed to a 14-month low of 3.8 per cent in December 2023, on account of poor performance of sectors like crude oil, electricity, steel and cement, according to the official data released on Wednesday. The core sector (coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity) growth in November was 7.9 per cent. It was 8.3 per cent in December 2022.
FSN E-Commerce Ventures (Nykaa) hosted its annual investor day recently. The responses were positive from analysts. Although some analysts pared FY25 and FY26 estimates, the bulk continued to issue 'buy' calls after the stock rose 2.5 per cent. The management expects the Beauty & Personal Care (BPC) business to grow at a 25 per cent compound annual growth rate (CAGR) during FY24-28.
Retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices, inching towards the Reserve Bank's target of 4 per cent, according to official data released on Friday. The Consumer Price Index (CPI) based retail inflation was 5.09 per cent in February and 5.66 per cent in March 2023. Previously, CPI-based inflation was the lowest at 4.87 per cent in October 2023.
'Absolutely with our champ who is back where he belongs...'
Alloting more funds for MNREGA and PM-KISAN could wipe out the entire additional money that the Centre may have for FY25.
Adding petrol and diesel to GST was a challenging task due to their significant role as revenue generators for both the central and state governments.
Nitish Rana took to social media and shared his training video where he was seen striking the ball well.
The country's real GDP growth in the first quarter will be better than the Reserve Bank's estimate of 8 per cent, economists said on Tuesday. Economists at the country's largest lender SBI pegged the growth at 8.3 per cent while domestic rating agency Icra estimated it to come even higher at 8.5 per cent. The Reserve Bank of India (RBI), which expects the GDP to grow at 6.5 per cent in FY24, has estimated a growth of 8 per cent in the April-June period.
Retail inflation rose at the fastest pace in four months in December 2023 at 5.69 per cent, on account of an increase in prices of vegetables, pulses, and spices, according to government data released on Friday. The annual inflation based on Consumer Price Index (CPI) was at 5.55 per cent in November and 5.72 per cent in the year-ago month. As per the data released by the National Statistical Office (NSO), the rate of price rise in the food basket, which constitutes nearly half of the CPI, increased to 9.53 per cent in December 2023, as against 8.7 per cent in the preceding month, and 4.19 per cent in December 2022.
Retail inflation declined to a three-month low of 5.1 per cent in January, mainly due to subdued prices of vegetables, fruits and other food items, according to government data released on Monday. The fall indicates that retail inflation is inching towards the Reserve Bank's comfort level of 4 per cent. The Consumer Price Index (CPI) based inflation was on the rise for two straight months after touching a trough of 4.9 per cent in October 2023. In December, it stood at 5.69 per cent.
Former India cricketer Aakash Chopra is not pleased with the experimentation and felt Rohit Sharma and Virat Kohli did not require rest for this match.
Who won what at the Star Parivaar Awards?
