RBI projects GDP growth at 7 pc for 2024-25, retail inflation seen at 4.5 pc

Mumbai (IANS) India's GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta Das said on Friday.

"Growth has continued to sustain its momentum,…

Retail investors can lock in high yields across fixed income products, say analysts

New Delhi (IANS) For retail investors, this is a great time to invest in fixed-income products and they can continue to enjoy and lock in high yields now across various products such as government bonds, corporate bonds, and fixed deposit (FD) instruments,…

India’s services sector growth surges leading to more jobs in March: PMI survey

New Delhi (IANS) India's services sector growth accelerated in March on the back of strong demand, leading to employment increasing at the fastest rate in seven months and export business expanding at a record pace during the month, according…

Rise of small regional competitors adversely affect larger FMCG companies

New Delhi (IANS) In Q4FY24, demand for FMCG products faced ongoing challenges, dampening volume growth, Elara Securities said.

Factors such as low farm income and the rise of small regional competitors are adversely affecting larger companies.…

Surge in GST collections across states paves way for stable growth ahead

New Delhi (IANS) The surge in GST collections which have crossed the Rs 2 lakh crore mark for 2023-24 reflects the strength of the Indian economy across sectors and regions of the country and augurs well for keeping the fiscal deficit in check going…

RBI may cut repo rate only in Q3 FY25: SBI economist

Chennai (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a top economist in the State Bank of India (SBI).

In a research report, Soumya Kanti Ghosh,…

India sees 3 pc monthly rise in hiring, white-collar gig jobs up 184 pc

New Delhi (IANS) India saw a 3 per cent monthly rise in hiring in the months of February and March, as white-collar gig jobs skyrocketed 184 per cent (year-on-year), a report showed on Tuesday.

Additionally, gig workers, representing a vital…

Indian indices on strong footing at onset of new financial year

New Delhi (IANS) The Indian market was on a strong footing at the onset of the new financial year on Monday.

At close on Monday, the Nifty was up 135.10 points, or 0.61 per cent, at 22,462, while the Sensex was up 363.20 points, or 0.49 per…

Integral Coach Factory rolled out 2,829 coaches, including 51 Vande Bharat trains, in FY24

Chennai (IANS) The city-based Integral Coach Factory (ICF) that manufactures railway coaches, Vande Bharat trains, and others, rolled out 2,829 railway coaches in FY24, up from 2,702 coaches produced in FY23.

This year’s outturn of ICF marks…

Finance Ministry refutes misinformation on social media over income tax regime

New Delhi (IANS) The Finance Ministry has clarified that there is no new change in the income tax regime that is coming in from April 1, 2024, as is being reported by some social media platforms.

"It has come to notice that misleading information…