RBI in its past three meetings – April, June, and August -- held the repo rate unchanged at 6.5 per cent. The repo rate is the rate of interest at which RBI lends to other banks.
Gurugram (Haryana) [India], August 10: MG Motor India, with 100 years of rich history that stands as a testament to its resilience, innovation, and customer-centricity, is preparing to mark its centenary. Driven by Technology and Smiles, the brand takes pride in its India growth story, foste
While lauding the International Monetary Fund’s (IMF’s) economic prediction for India from this year, NK Singh, Chairman of 15th Finance Commission of India has said that the projection will “continue to grow further.”
Fitch Ratings has raised India's growth forecast for 2023-24 to 6.3 per cent from its earlier estimate of 6.0 per cent in March -- making the country one of the fastest-growing major economies in the world.
Indian stock indices traded positively on Wednesday morning, tracking firm cues from overseas peers and indications that the US may avoid a recession. Sensex and Nifty were 0.2-0.3 per cent higher at the time of writing this report.
Indian economy grew more than various experts and global agencies initially estimated for 2022-23. As per the provisional estimates released by the National Statistical Office (NSO) earlier this week, real GDP growth for 2022-23 stood at 7.2 per cent, higher than the 7 per cent projected.
BSE 30-share Sensex went up 345 points and settled higher at 62,846 while NSE Nifty surged 99 points and ended at 18,599. Nifty had an intra-day high of 18,641. The Bank Nifty hit a fresh all-time high at 44,483. BSE banking index eventually ended 0.7 per cent higher at 44,312.
New Delhi [India], May 26: Holoware, a leading provider of Made in India desktop and workstation technology, is pleased to announce its active search for investors to support the company's ambitious growth plans and expand its market presence.
Fitch Ratings forecasts India's headline inflation to decline, but remain near the upper end of the Reserve Bank of India's 2-6 per cent target band, averaging 5.8 per cent in 2023-24 from 6.7 per cent last year.
The International Monetary Fund (IMF) has said the global economy is estimated to grow less than 3 per cent in 2023, with India and China expected to account for half of global growth during the year.