GDP growth, which had slipped to a seven-quarter-low of 5.4% in the September quarter leading to a lot of concerns over the economy’s strength, is likely to rise to 6.2% in the December quarter, the report by Deutsche Bank said.
Former Niti Aayog CEO and India’s G20 Sherpa Amitabh Kant said on Wednesday that while geopolitical instability has fractured global trade, India must capitalize on this “vacuum” to accelerate cleantech manufacturing and economic growth.
Speaking at the Advantage Assam 2.0 Business Summit, World Bank country director Auguste Tano Kouame said the lender remains optimistic about India’s economic prospects, despite a slight downward trend in growth.
This settlement followed an application from the entities requesting Securities and Exchange Board of India (SEBI) to resolve the alleged violations under its settlement regulations.
Tuesday was yet another session where foreign institutions continued to remain net sellers in the cash market, while domestic institutions turned out to be buyers yet again.
Muthoot Finance is to inform the RBI of details of the new branches. The RBI also advised Muthoot Finance to ensure suitable arrangements for security and for storage of gold jewellery, including safe deposit vault.
Azad Engineering Share Price | The issue price of the QIP is ₹1,280 per share, which is a discount of 1.8% to SEBI’s floor price and 5.6% to its last closing price, the sources added.
Currency derivatives segment trading is suspended on Wednesday as well. The commodity market is closed in the morning session and will reopen at 5pm for trading.
Spice Jet Share Price | The airline reported a net profit of ₹24.9 crore in the third quarter against the previous year’s ₹301 crore.
Another slide in the Nasdaq 100 pushed its four-day loss to around 5%, the most since early September. A gauge of megacaps extended a plunge from its peak to more than 10% – passing the threshold that meets the definition of a correction.
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