Indian economy is on upswing: Finance Ministry

New Delhi (IANS) The Indian economy experienced a notable upswing across various economic indicators in July 2024, signalling strong and resilient business activities with both the manufacturing and services sectors posting a robust performance, according…

India’s target of $55 trillion economy is ambitious but achievable: IMF official

New Delhi (IANS) India’s economy is projected to grow to $55 trillion by 2047 if the country is able to register an average real growth rate of 8 per cent in the coming years which is an ambitious but achievable target, IMF executive director Krishnamurthy…

Nifty rises for fifth consecutive day, Sensex closes above 80,900

Mumbai (IANS) Indian equity indices closed in the green on Wednesday following a rally in FMCG stocks like HUL and ITC. 

At closing, Sensex ended 102 points, or 0.13 per cent, higher at 80,905 and Nifty settled 71 points or 0.29 per cent higher…

Local manufacturing to give Rs 25,000 cr annual opportunity for Indian MCE industry

New Delhi (IANS) As the government prioritises the infrastructure investments, component localisation in the mining and construction equipment (MCE) industry could offer Rs 25,000 crore annual opportunity to construction equipment vendors by FY30,…

Tata Group gears up for new iPhone assembly plant as Apple expands India footprint

New Delhi (IANS) In a further boost to the ‘Make in India’ initiative, business conglomerate Tata Group is geared up for a new iPhone assembly plant in the country that is likely to become operational in the festive quarter of 2024. 

The iPhone…

Electronics, dairy and poultry products witness export uptick in July: Report

New Delhi (IANS) India saw an uptick in outbound shipments from several sectors in July, led by electronic goods, meat, dairy and poultry products and oil meals, a report said on Monday. 

Electronic goods (37.3 per cent), meat, dairy and poultry…

Headline numbers of India's economy are strong: Gita Gopinath

New Delhi (IANS) The overall headline numbers of India’s economy are strong, reflecting a large amount of public investment which has been a critical factor driving growth, according to IMF Deputy Managing Director Gita Gopinath. 

She said…

Exports reviving as lever of India’s growth: RBI

Mumbai (IANS) There are signs of a revival of net exports as a lever of India’s growth as after the contraction in 2023- 24, outbound shipments from the country are undergoing an expansion in 2024-25 so far, according to the RBI's monthly bulletin…

Stock market outlook: PMI, FII data key factors to watch next week

Mumbai (IANS) Indian benchmark indices Nifty and Sensex ended the week with gains after two consecutive weeks of losses. Last week, both Sensex and Nifty posted gains of 0.91 per cent and 0.71 per cent at 80,436.84 and 24,541.15, respectively. 

IMF’s Gita Gopinath goes bullish on India’s economic growth

New Delhi (IANS) After Prime Minister Narendra Modi, during his Independence Day address to the nation, said the country is on its way to become the third-largest economy with big reforms across sectors, Dr Gita Gopinath, Deputy Managing Director…