IMF hails India’s 7.8% growth, calls economy a key global growth engine India’s economy has stayed on the growth track despite the energy price shock, with real GDP rising 7.8% in the April-June quarter. The IMF hailed the stronger-than-expected performance, saying that the growth was boosted by better-than-expected activity in services and exports.At a press…
Outlook for the precious metals remains closely tied to the direction of US monetary policy, with expectations of higher interest rates emerging as a key pressure point for the metal. Stronger-than-expected inflation data could reinforce expectations of further rate increases, while elevated bond yields and a firmer US dollar could add to the pressure on…
Oil crosses $100 again as Middle East attacks fuel supply fears Oil prices extended their gains on Friday, with both major benchmarks on track to finish the week above $100 a barrel for the first time since mid-May, as growing attacks along key shipping routes in the Middle East heightened concerns over prolonged supply disruptions.Around…
MUMBAI: Small towns are fueling the growth of Flipkart’s quick commerce business Minutes. Cities such as Siliguri, Ambala, Barabanki, Bhagalpur and Durgapur are seeing huge consumer adoption with the overall customer base growing nearly 25 times year-on-year across such regions, the Walmart-owned company said.The broader Minutes business has expanded four times y-o-y since its launch…
MUMBAI: Sebi chairman Tuhin Kanta Pandey on Thursday said that the newly introduced Closing Auction Session (CAS) will stay but the regulator is studying if the mechanism to arrive at derivatives settlement prices could be changed. Pandey also said that MSCI, one of the largest index service providers in the world, has acknowledged that even…
MUMBAI: RBI governor Sanjay Malhotra said early experiments with financial asset tokenisation were helping the regulator test the infrastructure for future markets as he launched a pilot enabling instant settlement of tokenised corporate bonds through the eRupee.Malhotra on Thursday launched the Demat 2.0 pilot with Sebi chairman Tuhin Kanta Pandey at the Global Fintech Fest….
NEW DELHI: Apple could bring more buyers to foldables without winning most of them. Foldable phones have flexible screens that let them open into larger displays or fold into more compact devices. The Cupertino-based company’s entry with the iPhone Duo is expected to draw attention to a smartphone category that remains small in India, while…
MUMBAI: Discounting volatility in the stock market, investors poured in money through the mutual fund route that led to a record Rs 32,297 crore in gross monthly inflows through the systematic investment plan (SIP) route in Aug. This, combined with strong buying across most equity mutual fund categories, lifted the total assets managed by the…
NEW DELHI: Emerging sectors, such as space, data centers, solar energy, semiconductors and electronics are set to drive the next phase of industrial revolution in India as the large domestic opportunity is driving private participation.Supportive govt policies, such as tax holidays for establishing data centres, large incentive schemes for boosting semiconductor production, electronics and solar…
