BNP Paribas said on Wednesday that the stock market outlook for this year remains bleak as growth continues to slow and high-frequency indicators remain subdued. The France-headquartered brokerage believes that calendar year 2025 will be another year with single-digit returns. Due to rising US bond yields and strengthening US dollar, foreign portfolio investors (FPIs) are … Read more
Smartphone exports from the country are continuously increasing. Smartphones have reached the second position in terms of products exported from the country in HS code based categories. If the pace of its exports continues like this, it can overtake diesel fuel exports and occupy the top position. HS codes or Harmonized System codes are WTO’s … Read more
Kosomba wolo ya RBI na 2024: Banque de réserve ya Inde (RBI) ematisaki réserve na yango ya wolo na 72,6 tonnes na mbula eleki na 2024. Oyo ezali mbula ya nsambo ya kolandana oyo RBI esali ba achats nets ya wolo. Soki totali mbula na mbula, yango ezali mbala ya misato oyo banque centrale esombaki … Read more
During the ‘Rising Rajasthan’ Global Investment Summit 2024, Rajasthan government signed MoUs worth Rs 35 lakh crore, the highest in the history of the state. State Commerce and Industry Minister Colonel Rajyavardhan Rathore said while talking to Anil Sharma that this will open the way for growth in many sectors and create employment opportunities. Highlights… … Read more
Three out of four firms participating in an industry survey said the current economic environment is favorable for private investment. The interim results of the survey conducted by the Confederation of Indian Industry (CII) on investment, jobs and wages show that more than 97 percent of the firms can increase employment in the financial years … Read more
The real effective exchange rate (REER) of the Indian rupee fell to 107.20 in December from a high of 108.14 in November. According to the latest data of Reserve Bank of India, REER in January 2024 was 103.66. In the year 2024, the rupee had declined by 2.8 percent against the dollar, whereas so far … Read more
India’s share in global consumption on purchasing power parity (PPP) basis is projected to be 16 percent by 2050, up four percent from 1997 and nine percent by 2023. McKinsey Global Institute’s analysis World Data Lab, in its report ‘Dependency and Population Decline: Implications of the Consequences of the New Demographic Reality’ released recently, said … Read more
India has made the manufacturing sector more complex for small and medium enterprises by creating many stringent rules, such as those related to land use, India’s Chief Economic Adviser V Ananth Nageswaran said on Monday. Speaking at an event at India Exim Bank, Nageswaran said that this issue will be included in the economic review … Read more
Public Procurement: In view of the large number of pending applications related to public procurement, the government is now preparing to dispose of it expeditiously. In this sequence, the Standing Committee to review the implementation of the Public Procurement Order under the chairmanship of the Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) … Read more
The government has approved investment proposals worth Rs 3,516 crore from 24 companies in the third round of the production linked incentive (PLI) scheme for air conditioners (ACs) and LEDs. Department for Promotion of Industry and Internal Trade (DPIIT) gave this information today. The government has also selected 18 companies promising to invest Rs 2,299 … Read more