India ranks sixth globally for its employment outlook during the July to September quarter of 2024 with a Net Employment Outlook (NEO) of +30 per cent points, 8 points above the global average, a recent survey by ManpowerGroup observed.
Indian stock indices traded firmly Friday morning, the last session before the weekend, after India reported more-than-expected GDP growth in the July-September quarter of the 2023-24 fiscal year.
Hours after the Union Finance Ministry stated that the Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, it said that India's GDP is expected to grow by 6.5 per cent in financial year 2024.
After GDP data for the July-September quarter (Q2) were revealed on Thursday, Prime Minister Narendra Modi said that the growth numbers display the resilience and strength of the Indian economy adding that the government is committed to ensuring fast-paced growth.
The insurance major's net premium income fell 19 per cent to Rs 1.07 lakh crore in the said September quarter, against Rs 1.32 lakh crore in the year-ago period.
Adani Group flagship firm Adani Enterprises on Thursday reported that its earnings before interest, taxes, depreciation, and amortization (EBIDTA) increased by 43 per cent to Rs. 5,874 crores during the April-September quarter of 2023-24.
India's current account balance recorded a deficit of USD 36.4 billion (4.4 per cent of GDP) in Q2 of 2022-23 (July-September), up from USD 18.2 billion (2.2 per cent of GDP)1 in Q1 (April-June), RBI's balance of payments (BoP) data showed on Thursday.
Labour force participation rate in CWS (Current Weekly Status) in urban areas for persons aged 15 years and above increased to 47.9 per cent in the July-September quarter from 46.9 per cent in the same period a year ago.
The company said its revenues went up 104 per cent to Rs 2,638 in the reviewed quarter, against Rs 1,296 crore in the corresponding quarter the previous year, according to a statement shared with stock exchanges.