India's economic growth slowed to 6.7% year-on-year in the April-June quarter as a decline in government spending during national elections weighed, data showed on Friday, but it remained the world's fastest-growing major economy. The rise in gross domestic product was less than a 6.9% expansion forecast by a Reuters poll, and compared to 7.8% growth … Read more
India's foreign exchange reserves rose for a second straight week and hit a record high of $681.69 billion as of Aug. 23, data from the central bank showed on Friday. The reserves rose $7 billion in the reporting week. They had risen $4.5 billion in the prior week. The Reserve Bank of India (RBI) intervenes … Read more
The Indian equity market closed at an all-time high before the release of the GDP numbers at 5:30 P.M. on Friday. At closing, the Sensex was at 82,365, up 231 points or 0.28 per cent and Nifty was at 25,235, up 83 points or 0.33 per cent. During the trading session, the Sensex and Nifty … Read more
India's fintech revolution is improving financial inclusion as well as driving innovation and in the last 10 years, the industry has received a record investment of more than $31 billion, along with witnessing a startup growth of 500 per cent, Prime Minister Narendra Modi said on Friday. Addressing the 'Global Fintech Fest (GFF) 2024' … Read more
India's Adani Ports and Special Economic Zone said on Friday it will acquire a 80% stake in offshore support vessels operator Astro Offshore for $185 million. Source link
R.P.P. Infra Projects is currently trading at Rs. 218.40, up by 5.50 points or 2.58% from its previous closing of Rs. 212.90 on the BSE. The scrip opened at Rs. 212.90 and has touched a high and low of Rs. 221.85 and Rs. 210.00 respectively. So far 14241 shares were traded on the counter. The … Read more
India's Bharat Petroleum Corp plans to increase its integrated refining and petrochemical capacities within the next five to seven years to meet growing energy demand, Chairman G. Krishnakumar told shareholders. India's annual consumption of refined fuels and petrochemicals is expected to rise steadily by 4-5% and 7-8% in the 'foreseeable future', he said. "This presents … Read more
The share of overall property registrations by buyers of aged 61 and above surged 204 per cent in Mumbai, increasing from 7,554 in 2020 to 15,276 in 2024, as elderly buyers sought better properties for a stable lifestyle, a report showed on Friday. The proportion on registrations in this age group increased from 12 per … Read more
Indian rupee strengthened against the US dollar on Friday, tracking firm trend in domestic equities, significant foreign fund inflows and muted American currency at overseas markets. Foreign Institutional Investors were net buyers in the capital markets on Thursday, as they purchased shares worth Rs 3,259.56 crore, exchange data showed. Meanwhile, MSCI is set to rebalance … Read more
The Indian rupee gained slightly on Friday on the back of inflows into local stocks but importers' dollar demand limited the gains. The rupee was at 83.84 against the U.S. dollar as of 10:25 a.m. IST, against its close at 83.87 in the previous session. Despite expectations of inflows related to India's increased weight in … Read more