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13
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Greenhouses Inputs, Irrigation, Equipment and Related Industries Exhibition
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LIVE MARKET
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INDIAN ECONOMY
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India stands out as a promising market with vast untapped potential, as the country remains below the global average in product penetration across several key sectors, highlights a report by ICICI Mutual Fund.
The report data highlighted that the under-penetration, coupled with the rising desire for premiu...
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India plans to project higher economic growth for the next fiscal year, two government officials with direct knowledge of the matter said, adding that fiscal deficit goals are being met and kept.
It is likely to forecast nominal economic growth of 10.3 per cent-10.5 per cent, according to one of the offici...
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In 2025, India is projected to become the fourth largest economy by GDP. Amid global challenges, India's economy remains resilient, presenting an opportunity to redefine its global role and establish new standards for economic leadership.
India’s dramatic digital transformation has empowered millions th...
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RBI Governor Sanjay Malhotra is showing a willingness to allow the rupee to move more freely in tandem with peers in the region, stated a report by Bloomberg citing people familiar with the matter, while maintaining that he is still intervening in the foreign-exchange market to curb excessive moves.
Sanjay...
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The latest US sanctions on Russia do not only pose a threat to India’s crude oil supply but may result in higher cost of the landed crude oil for Indian refiners as they diversify their crude sourcing, likely at a premium to the landed price of Russian crude arriving into India, analysts and industry experts ...
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The finance ministry is assessing all financial regulators in the country and their respective regulatory frameworks to evaluate whether over-regulation is stifling economic activity. According to official sources, the ministry is preparing a draft paper, which will highlight the regulatory provisions that sh...
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MARKET & FINANCE
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LIC unclaimed amount
Life Insurance Corporation (LIC) had unclaimed maturity amounts totaling Rs 880.93 crore in Financial Year 2023-24 (FY24), the government has told Parliament in December 2024. Minister of State for Finance Pankaj Chaudhary, informed Lok Sabha in a written response that up to 3,72,282 pol...
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RBI will be more judicious in its use of foreign exchange reserves to mitigate domestic currency market volatility amid strong global headwinds, three sources aware of the development said.
The Reserve Bank of India will continue to intervene as and when necessary to smoothen volatility, but won't go again...
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GLOBAL CORPORATE
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U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers.
Trump, who has threatened to slap...
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Social media platform TikTok has started preparing to cease its US operations from Sunday (Jan 19), the day a federal ban is set to take effect, according to a report by The Information which cited sources familiar with the matter. The app’s future in the US remains uncertain, hinging on whether the Supreme C...
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Meta will lay off approximately 5% of its “lowest performers” and plans to hire for these roles later this year, according to a company spokesperson on Tuesday. CEO Mark Zuckerberg also warned employees of additional job cuts in the future to “raise the bar” on performance management.
“I’ve decided to rais...
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PRE-BUDGET
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Budget expectations 2025: Global rating agencies, such as S&P, Moody’s and Fitch, reckon India will focus on fiscal consolidation and capital investments, and may shed more light on its medium-term debt reduction strategy in the budget for 2025-26, senior executives handling sovereign rating at the agencies t...
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GLOBAL ECONOMY
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| Trade Report |
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| Switzerland |
July 2019 |
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Argentina's central bank will slow the rate of the local peso's devaluation, it said on Tuesday, after new data showed annual inflation slowing in December and as the central bank sees continued progress on inflation.
Beginning...
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Devastating fires in the Los Angeles area are likely to put modest pressure on the U.S. national economy in the near term but are unlikely to derail strong forward momentum, economists say.
Forecasters reckon the fires’ destruc...
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Japanese manufacturers' sentiment recovered in January after a dip last month thanks to better conditions for materials industries, but their outlook remains flat due to uncertainty over proposed Trump policies, the Reuters Tankan...
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Japan is likely to miss achieving its goal of running a primary budget surplus by the next fiscal year, according to three sources with knowledge of fresh fiscal estimates, as the minority government faces increasing pressure for ...
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British inflation unexpectedly slowed last month and core measures of price growth - tracked by the Bank of England - fell more sharply, according to official data that will be welcomed by finance minister Rachel Reeves after rece...
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As China's economy struggles, officials in Beijing have the arduous task of formulating a policy response that can ensure sustainable growth in what promises to be a challenging year ahead.
Sluggish domestic spending, a years-l...
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INDIAN CORPORATE
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Adani Group is reportedly in advanced negotiations with Dubai-based Emaar Properties to acquire a majority stake in its Indian arm, Emaar India, for an estimated Rs 4,000-5,000 crore. The deal is likely to involve the acquisition ...
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Tata Electronics stepped up its production of Apple's iPhone in 2024 and now accounts for around 26 percent of the iPhones made in India, the Business Standard has reported.
The Tata Group company, which acquired Wistron's iPho...
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The second largest Indian hospitality player — ITC Hotels — is now looking at “accelerated growth” following its hiving off as a separate listed company from the eponymous parent group. On Tuesday as its shares were credited to de...
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Engineering major Larsen & Toubro (L&T) seeks to invest up to Rs 48,000 crore in setting up six green ammonia manufacturing units at the Deendayal Port Authority in Kandla, Gujarat, sources aware of the proposed decade-long capita...
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PepsiCo has made a late entry into the competition for a stake in Haldiram Snacks Food, executives aware of developments said. Key contenders Temasek and Alpha Wave Global, the latter also a late-stage bidder, are said to be in ad...
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Telecom major Vodafone Idea (Vi) on Tuesday announced that it has partnered with HCLSoftware, the software business unit of HCL Tech, to make its 4G and 5G networks smarter and more efficient. Vi is now using HCL Augmented Network...
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Adani Renewable Energy Forty Eight Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL) on Tuesday announced that it has commissioned a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujar...
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GST
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The goods and services tax tribunals (GSTAT) could take another six months to get operational, with many states yet to appoint members or allocate buildings for the offices.
The tribunals were expected to start functioning from December-end 2024.
“Appointments to the state bench and supporting staff for...
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The Goods and Services Tax Network (GSTN) has informed that GSTR-2B for December 2024 tax period will be generated after 2 days from the originally scheduled day of January 14, since the deadline for filing GSTR-1 was extended by 2 days. GSTN informed that GSTR-2B will now be generated on January 16, 2025 for...
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Goods and Service Tax (GST) registered taxpayers who wish to apply for the GST Amnesty Scheme 2024 under section 128A announced in Budget 2024, should note about a procedural change in filing its application. Without submitting a request for withdrawal of appeal, the taxpayer cannot apply for the GST Amnesty ...
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