The softer expansion has prompted economists from Goldman Sachs Group to Barclays Plc to lower their full-year growth estimates. Goldman’s economists Santanu Sengupta and Arjun Varma have revised their projection to 6% for the year through March 2025, down from 6.4%.
A CNBC-TV18 poll saw the Q2 GDP growth at 6.5%, which itself seemed pessimistic compared with the RBI forecast of 6.8%. And RBI’s downgrade to 6.8% is only a month old. As recently as Oct 9, during the monetary policy announcement, the central bank was confident of a 7% growth in the second quarter.
AEPC Chairman highlighted new opportunities in the India-UK textile trade at the Bharat Tex 2025 roadshow in London, which saw over 100 industry leaders attend from both countries.
Black Friday sale: The National Retail Federation (NRF) said a record 183.4 million people are planning to shop over the weekend, ticking up from 182 million last year and 18.1 million higher than 2019, before the Covid pandemic derailed the global economy.
“Once we find clarity, we’ll revive the dollar bond sale,” Singh said in his first media interaction since the US indictment became public last week.
A number of Asian countries including China, South Korea, Malaysia, Singapore, Thailand and India have taken up Japan’s old economic strategy of ‘value up’ which includes increasing shareholders’ returns. Economists contend that this measure may be an effective strategy against US President-elect Donald Trump’s tariff threats.
Measures to stimulate spending and production in China have recently showed positive results has there are signs of the economy recovering, albeit at a slow rate. Though, China may face challenges as US president-elect Trump announces tariffs on Chinese goods, amongst others.
NSE has announced changes to the expiry days of its contracts effective January 1, 2025, aligning with BSE’s recent adjustments. Here’s what’s changing:
Adani Group issued a clarification which stated that the group and its executives, Gautam Adani and Sagar Adani, have not been charged with violations of the US Foreign Corrupt Practices Act (FCPA) over bribery, nor is the civil complaint filed by the US Securities and Exchange Commission (SEC) based on this.
Shares of Oil and Natural Gas Corporation Ltd ended at ₹256.75, up by ₹4.65, or 1.84% on the BSE.
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