India's CAB is set for a $6 billion surplus in Q4 FY24, the first in 10 quarters, despite a 0.6% GDP deficit for the year. Exports grew 4.9%, driven by demand from the US, UAE, and Netherlands; imports rose 2%.
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India aims for over $500 billion in clean energy investments by 2030, focusing on renewables, green hydrogen, and EVs. Commerce Secretary Barthwal unveiled the plan at the IPEF Forum. Click to read a detailed story👇
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#SBI Research identifies liquidity management as RBI's top challenge for FY25 due to the Just in Time strategy. It forecasts ongoing banking sector growth, potential rate cuts in Q3 FY25, and predicts #inflation at 4.5% with possible 7.5% economic growth.
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India’s retail inflation dropped to an 11-month low of 4.83% in April 2024 due to lower fuel and non-food prices, but food inflation rose to 8.7%, driven by a heat wave and higher costs in key food segments. Click to read a detailed story👇
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In 2023, 75% of PE-VC investments went to traditional sectors like manufacturing, energy, healthcare, and retail, up from 60% in 2022, with Reliance Retail leading. India's PE-VC share increased as China's declined. Click for the full Article👍
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India's #GDPgrowth is poised for an upsurge, driven by strong investment demand and positive business and consumer sentiments, says #SBI Chairman Dinesh Khara. SBI's profits hit record highs in FY24.
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The Uttar Pradesh Industrial Development Authority (UPIDA) collected a record revenue of Rs 1,359 crore in FY24, indicating substantial growth and development within the state's industrial sector.
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In April 2024, #GST collections hit a record high of Rs 2.10 lakh crore, up 12.4% YoY. Net revenue after refunds reached Rs 1.92 lakh crore, up 17.1%. Total #grossGST for FY24 stood at Rs 20.18 lakh crore, an 11.7% increase.
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In 2022, India leads global remittances at $111B amid COVID-19 challenges, with South Asia seeing high inflows and GCC hosting many migrants.
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Indian #mutualfunds are buying more #stocks, holding a record 8.92% on the #NSE, while #foreigninvestor share hits an 11-year low.
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#NSE CEO stresses #Governance & #Transparency with rising retail #investors. IPO awaits #SEBI approval. Understanding crucial for investing.
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#SalmanKhan residence firing case | Accused #AnujThapan who attempted suicide in custody has been declared dead by doctors at the hospital: #MumbaiPolice