India likely to loose its 'fastest growing economy tag' as growth took hit from weakening demand
January 07, 2023 12:13 ISTIf the forecast comes true, India's GDP growth will be lower than Saudi Arabia's expected 7.6 per cent expansion.
If the forecast comes true, India's GDP growth will be lower than Saudi Arabia's expected 7.6 per cent expansion.
At the peak of the pandemic, rates dropped to as low as 5.5 percent due to excess liquidity. It was last month that the govt increased the return on the senior citizen saving scheme (SCSS).
According to Goldman Sachs, Gold is less likely to be influenced by tighter financial conditions which makes it "a useful portfolio diversifier" in comparison to Bitcoin.
Uttar Pradesh CM Yogi Adityanath has expressed his hope in getting a semiconductor fabrication unit in UP during the UP Global Investors Summit. He also praised the strong law-and-order situation in UP saying the state possessed a safe environment to do business free from land mafias and fear.
Delhi power demand: A brutal cold wave swept Delhi on Thursday with the minimum temperature dropping to three degrees Celsius- the lowest in January in two years- making it cooler than several hill stations.
Nadella-PM Modi meeting: Microsoft Chairman and Chief Executive Officer (CEO) Satya Nadella is on an India trip and his trip includes Mumbai, New Delhi and Bengaluru.
Real estate used to be limited to residential outskirts, but proptech, the growing economy, and the revolution have shifted the equation. Now, commercial real estate is at the frontlines with several potentials for its owners.
A change is required in our mindsets about money, all of our finances shouldn’t be tied up in one savings scheme, economist Sanjay Jaswani said.
We can anticipate the 2023 real estate industry to remain strong. Investors, on the other hand, can indeed be better equipped to steer these challenges and make profitable investment decisions.
Amazon layoff news: In November 2022 too, Amazon reduced staff size by approximately 10,000, especially in the Devices and Books businesses, and also announced a voluntary reduction offer for some employees in its People, Experience, and Technology (PXT) roles.
The stock split announcement comes at a time when the highway infrastructure developer company completes 25 years of incorporation.
Here is a list of some of the upcoming IPOS (Initial Public Offering) in January 2023. The list sums up companies like Zaggle Prepaid Ocean Services Limited, Puranik Builders Limited and Indegene Limited.
Indian service sector growth: "December saw a welcome expansion in Indian services activity, underscoring the resilience of demand as 2022 came to an end," said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence.
According to a filing by the company, it has recorded the highest sales volumes of 91,232 thousand tonnes in the third quarter of the current fiscal, registering a 40 per cent rise on a Y-o-Y basis.
Venus Pipes made its stock market debut in May 2022. At that time, its shares made a muted start but later zoomed more than 100 per cent to double the money of investors.
Reliance Industries Ltd: This acquisition will "enable RCPL to enhance its beverage portfolio", Reliance Retail Venture Ltd (RRVL) said in a statement.
BharatPe CEO quits: The company said Sameer's new role will ensure a smooth transition for the current CFO, Nalin Negi, who has been appointed interim CEO to partner with senior executives to enhance execution in all phases of the business.
Global Trade Research Initiative's report suggested that Indian exports may not be as impacted as other large economies by weak global demand in 2023.
The company sees ample opportunity for expansion through a hybrid model of wind energy and solar energy.
According to manufacturers like Godrej Appliances, Haier and Panasonic, implementation of the new norms may put an additional burden of 2-5 percent on consumers, depending on the models.
Top News
Latest News
