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Economy

July 18, 2024 2:29 PM

FICCI forecasts 7 percent annual GDP growth for India in 2024-25

The Federation of Indian Chambers of Commerce & Industry (FICCI) has forecasted a 7.0% annual median GDP growth for India in the fiscal year 2024-25, according to its latest Economic Outlook Survey. "Despite persisting headwinds, India's economi...

July 18, 2024 2:02 PM

EAM Jaishankar inaugurates India’s first overseas Jan Aushadhi Kendra in Mauritius

External Affairs Minister S. Jaishankar inaugurated India's first overseas Jan Aushadhi Kendra in Mauritius on Wednesday, marking a significant step in strengthening ties between the two nations. Mauritius Prime Minister Pravind Kumar Jugnauth was al...

July 18, 2024 10:52 AM

Nifty, Sensex decline amid weak global cues

Indian benchmark indices declined in early trade on Thursday, tracking a sharp slide in Asian markets. The Nifty 50 was down 0.26% to 24,543.80 while the BSE Sensex fell 0.23% to 80,514.25, as of 9:26 a.m. However, both indices soon recouped losses...

July 17, 2024 11:13 AM

Indian stock markets closed for Muharram holiday; trading to resume Thursday

Indian stock markets are closed today in observance of the Muharram holiday, with trading set to resume on Thursday. In other Asian markets, Japan's Nikkei 225 experienced a modest increase, gaining 40 points to reach 41,310.70. Meanwhile, Hong Kong...

July 16, 2024 9:49 PM

IMF further raises India’s growth projection to 7% for 2024; country fastest-growing among major economies

The International Monetary Fund (IMF), in its latest outlook, has raised India's growth projections for 2024 from 6.8 per cent earlier to 7 per cent, with the country maintaining the fastest-growing status in emerging markets and developing economi...

July 16, 2024 5:09 PM

Sensex, Nifty end marginally higher

Indian benchmark indices ended with marginal gains on Tuesday, reflecting a cautious approach from investors wary of stocks being overvalued. The Sensex closed 0.06% higher at 80,716.55, while the Nifty gained 0.11% to end at 24,613. Though the ben...

July 16, 2024 4:50 PM

Domestic air travel in India up 4.28% in first half of 2024

In the first half of 2024 (January-June), domestic airlines in India carried 7.93 crore passengers, reflecting a 4.28% annual growth compared to 7.61 crore passengers in the same period the previous year. On a monthly basis, passenger growth stood at...

July 16, 2024 11:00 AM

Nifty hits all-time high in early trade

Indian benchmark indices rallied in early trade on Tuesday, with the Nifty rising 0.26 percent to touch an all-time high of 24,650.05. It later trimmed the gains and was trading at 24,628.40, up 0.17%, as of 10:10 am. The Sensex, meanwhile, advanced...

July 15, 2024 9:07 PM

Piyush Goyal’s Zurich visit promotes India-EFTA trade and economic partnership

Union Minister of Commerce and Industry Piyush Goyal is on official visit to Switzerland for promoting the India-EFTA Trade and Economic Partnership Agreement (TEPA). On his first day of visit, he highlighted India's growth story through a series of ...

July 15, 2024 5:51 PM

Wholesale inflation in India jumps to 3.36% in June

India's wholesale inflation rate surged to 3.36% in June, up from 2.61% in May, according to data released by the Commerce Ministry on Monday. The increase, measured by the Wholesale Price Index (WPI), was primarily driven by rising food and energy p...

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