Economy News

World Bank President Ajay Banga. File | Photo credit: Reuters India’s growth rate is among the shiniest in the global economy, World Bank President Ajay Banga said on Thursday (Oct 17, 2024), noting that much of this is driven by the domestic market. “There is no doubt that Indian growth is among the most promising…

NEW DELHI : In China, some social media influencers are being picked up by police for questioning for spreading misinformation online. An Economist article recently cited how Chinese police take online lies seriously. Globally, misinformation causes a lot of stress, but the greatest source of harm comes from financial influencers who spread misinformation. It’s one…

Major cement manufacturers reported a decline in margins in the September quarter, mainly due to lower prices, which led to lower revenue realization. Barring three leading cement makers – UltraTech Cement, Ambuja Cement and Dalmia Bharat – other smaller players including Nuvoco Vistas Corp, JK Cement, Birla Corporation and Heidelberg Cement reported a decline in…

According to an ET survey of 10 economists, India’s economic growth is likely to be subdued in the July-September period, mainly due to a slowdown in consumption and investment amid heavy monsoon rains in several parts of the country. The poll’s average estimate for second-quarter gross domestic product (GDP) growth is 6.8% annualized, with estimates…

Workers monitor the production line of drip tape fittings at a factory of DAYU Water Group Co, in Jiuquan, during an organized media tour in Gansu province, China, October 18, 2024. | Photo credit: REUTERS China’s economy grew slower than expected at 4.6% in the July-September quarter, the government said on Friday (Oct 18, 2024)….

File photo of RBI Governor Shaktikanta Das. | Photo credit: PTI Reserve Bank Governor Shaktikanta Das said on Friday (Oct 18, 2024) that the central bank is not acting like a police officer but is keeping a close eye on the financial markets and taking regulatory action when necessary. The RBI Governor’s comment came a…

The government’s rate change decision on rationalization of GST rates would lead to a revenue gain of ₹22,000 crore, officials said. | Photo credits: Getty Images/iStockphoto “On Saturday (October 19, 2024), the Group of Ministers (GoM) for Rationalization of GST Rates decided to reduce tax rates on 20 liter packaged drinking water bottles, bicycles and…

Image used for representational purposes only. | Photo credit: Reuters Four of the top 10 most valued companies added a combined ₹81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the benchmark BSE fell 156.61 points or 0.19%. While HDFC Bank, Bharti Airtel, ICICI…

The global economic environment may pose challenges, but India is well positioned to take advantage of new growth opportunities, Finance Minister Nirmala Sitharaman said. He underlined that as countries reevaluate their supply chains, India hopes to become an important partner for many countries looking to diversify. their sources of goods and services. Ms Sitharaman made…

A soft landing for the global economy, which has seen immense stress in recent years, is increasingly a possibility, Union Finance Minister Nirmala Sitharaman said on Friday. While noting that better days lie ahead, mainly thanks to coordinated action between countries and multilateral financial institutions, the Finance Minister also said that economies are not yet…