INDIAN ECONOMY
|
|
|
Much before data released on November 29 showed that India’s economic growth had slumped to a seven-quarter low of 5.4 per cent in July-September, discussions within the government had questioned RBI’s upward revision of growth estimates to 7.2 per cent for 2024-25 and flagged worries about the cumulative imp...
Read More
|
|
Agencies have sharply reduced their gross domestic product (GDP) growth forecasts for FY25, following the surprise seven-quarter low print of 5.4 per cent in July-September (Q2).
Growth stood at 6 per cent during the first half (April-September) of FY25. While the Reserve Bank of India (RBI) has estimated...
Read More
|
|
India is working on various strategies and finance and commerce & industry ministries have already started brainstorming about the potential challenges that US President-elect Donald Trump’s protectionist trade policies could pose, said a senior government official.
Trump champions his ‘Make America Great...
Read More
|
|
Manufacturing activity in India slowed in November, with the Purchasing Managers’ Index (PMI) falling to 56.5, down from 57.5 in October. According to the HSBC final India Manufacturing PMI, compiled by S&P Global, the November figure matched September’s level of 56.5, which had marked an eight-month low at t...
Read More
|
|
Facing the prospect of missing its target for capex loans to states due to delays in launching the programme, the Centre has fast-tracked disbursements under the Rs 1.5 lakh crore, 50-year interest-free capex loan scheme to stimulate economic activity and job creation.
A senior official told FE that, so fa...
Read More
|
|
US President-elect Donald Trump's statement to BRICS countries to impose 100% customs duties if the group would replace the US dollar is unrealistic, and India should focus on developing a workable local currency trading system, think tank GTRI said Sunday....
Read More
|
|
Singapore contributed the highest Foreign Direct Investment to India in the July-September quarter, with 50 per cent of the inwards investments coming in from the neighbouring country....
Read More
|
|
India's economic growth is expected to accelerate to 6.7 per cent in the second half (H2) of the fiscal year, bringing the full-year 2024-25 GDP growth to 6.4 per cent, according to a report by JP Morgan....
Read More
|
|
Nine states in India, which have ongoing or proposed cash transfer schemes for women, have a collective allocation of $18 billion in their budget estimates for the financial year 2024-2-25 (FY25), accounting for 0.5 per cent of India’s gross domestic product (GDP), according to Goldman Sachs Global Research...
Read More
|
|
After forging close partnership in the defence domain, India and France are now looking at significantly deepening economic and trade ties especially in sectors like clean energy, new technologies and aviation, French foreign trade minister Sophie Primas has said.
At the end of her three-day visit to India...
Read More
|
|
|
MARKET & FINANCE
|
|
|
In their submissions to the Sebi draft proposal, social media companies and their representative bodies have questioned the market regulator’s jurisdiction and said the additional mandates will raise their compliance burden, enhance costs and create one more regulator for the sector that many feel is already ...
Read More
|
|
Foreign investors pulled out Rs 21,612 crore (USD 2.56 billion) from the domestic equity market in November. The outflow has been attributed majorly to rising US bond yields, strengthening US dollar and expectation of a slowdown in the domestic economy.
The trend of net outflow continues for second straigh...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Iconic kitchenware brand Tupperware is set to re-emerge under new ownership after a US bankruptcy judge approved the sale of its assets to a group of lenders. The decision, finalised in Delaware, enables Tupperware to exit Chapter 11 bankruptcy protection and aims to • How former CJI paved the way for more ma...
Read More
|
|
Saudi Arabia clawed back market share of Asia's crude oil imports in November, while Russia surrendered some of its barrels in what may be an early sign of a shift in market dynamics.
Asia's imports from Saudi Arabia, the world's biggest crude exporter, rose to 5.83 million barrels per day (bpd) in Novembe...
Read More
|
|
U.S. trade officials announced on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods.
It is the second of two preliminary decisions that President Joe Biden's C...
Read More
|
|
The US will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies including chip equipment maker Naura Technology Group, among other moves, according to two people familiar with the matter.
The effort to hobble Beijing's chipmaking ambi...
Read More
|
|
Meta, the tech giant behind Facebook, Instagram, and WhatsApp, is reportedly planning an ambitious project to build a 40,000-kilometre subsea cable connecting different countries, including India and the US.
This move aligns with the company’s significant share of internet traffic, accounting for nearly ...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
State Bank of India (SBI) on Saturday said it has launched a nation-wide drive to raise awareness about the importance of inoperative account activation.
A savings or a current account is treated as inoperative if the customer has no transaction in the account for a period of over two years.
Activation ...
Read More
|
|
Unified Payments Interface (UPI) transactions saw a 7 per cent drop in volume to 15.48 billion and an 8 per cent fall in value to Rs 21.55 trillion in November compared with the previous month, according to data from the National Payments Corporation of India (NPCI). In October, they touched an all-time high,...
Read More
|
|
The growth in bank credit to non-banking financial companies (NBFCs) declined sharply to 6.4 per cent in October compared to 18.3 per cent in the year-ago period, dragging down the growth of overall credit to the services sector, according to the Reserve Bank of India’s (RBI’s) sectoral deployment of credit d...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
|
|
Asia's largest manufacturing economies stepped up activity in November, with China's factories extending their recovery driven in part by Beijing's stimulus and a rush to export, though weak patches in other parts of the region po...
Read More
|
|
Indonesia's annual inflation eased to 1.55% in November, official data showed on Monday, for the slowest rate since July 2021 amid lower prices of some food items.
November's reading eased from 1.71% in October and was slightly...
Read More
|
|
Russia's second-largest lender VTB sees 2025 GDP growth at 1.9%, above the International Monetary Fund's forecast of 1.3%, while inflation will slow to 6.4% from the current rate of 8.5%, VTB's CEO Andrei Kostin told Reuters in a...
Read More
|
|
Activity across Russia's manufacturing sector increased marginally in November, a business survey showed on Monday, thanks to fresh expansions in outputs and new orders even as work backlogs depleted and firms cut workforce number...
Read More
|
|
Peru's consumer price inflation rate rose 0.09% in November, according to data published on Sunday by national statistics agency INEI.
By comparison, consumer prices fell by 0.09% in October....
Read More
|
|
South Korea's export growth slowed for a fourth-straight month in November, to the weakest level in 14 months, as shipments to the United States and China fell amid tariff uncertainty, trade data showed on Sunday.
Exports out o...
Read More
|
|
Sri Lanka's consumer price index fell 2.1 per cent year-on-year in November after dropping 0.8 per cent in the previous month, the statistics department said on Friday. 9-10 DECEMBER, 2024 amazon smbhav BHARAT MANDAPAM, NEW DELHI ...
Read More
|
|
US President-elect Donald Trump has issued a strict warning, threatening 100 percent tariffs on a coalition of nations in the BRIC alliance if they want to challenge the dominance of the US dollar. The alliance consists of China, ...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Months after inking a $1.5 billion joint venture with China’s SAIC Motor to build and sell Morris Garages' electric vehicles (EVs), JSW Group is now gearing up to launch its own EV brand, signaling its intent to become a major pla...
Read More
|
|
Azim Hasham Premji-led Wipro Enterprises has said its consolidated revenue from operations increased 9.8 per cent to Rs 16,902 crore in the financial year ended March 2024 while its profit jumped 35 per cent to Rs 1,903.1 crore....
Read More
|
|
|
COMMERCIAL LAW
|
|
|
Foreign direct investment in India rose by 45 per cent year-on-year to $29.79 billion in April-September this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data.
FDI inflow...
Read More
|
|
|
|
|
GST
|
|
|
The total gross Goods and Services Tax (GST) revenue grew 8.5 per cent to over Rs 1.82 lakh crore in November as compared to Rs 1.68 lakh crore in the same month a year ago, government data revealed on Sunday.
The Central GST collection stood at Rs 34,141 crore, State GST at Rs 43,047 crore, Integrated IGS...
Read More
|
|
|
|
|
|
|
|