The Indian stock indices revived during the day on Thursday after a slow start at the opening, as investors anticipate a rate cut in the ongoing MPC meeting says market experts.
The race to the ICC World Test Championship (WTC) final gained a lot of spice and intensity as New Zealand and England were docked three points each for maintaining a slow over-rate in the opening Test of their three-match series.
The race to the World Test Championship final blew wide open after New Zealand and England saw their points being docked for maintaining a slow over rate in the opening Test of the three-match series.
The downgrade comes after the growth slowdown in the quarter ending September 2024. India's GDP growth slowed to 5.4 per cent year-on-year (YoY) in the July-September quarter of 2024, marking its lowest level since March 2023.
The initial public offering (IPO) market of the country has seen a slowdown in subscriptions over the past two months, driven by weak market sentiment and disappointing listing performances, says a report by Axis Capital.
With India logging disappointing growth in the July-September quarter, Crisil now expects GDP growth to slow to 6.8 per cent this financial year 2024-25. Last year, India grew at 8.2 per cent.
Congress has said that the GDP growth figures released last evening for July-Sept 2024 are "much worse than anticipated and the fundamental cause for this is "stagnant wages" for crores of workers.
Noting that GDP growth figures for the July-September 2024 quarter are "much worse than anticipated," with India recording 5.4 per cent growth and consumption growing by "unimpressive 6 per cent", Congress leader Jairam Ramesh on Saturday said the fundamental cause for this is "stagnant w