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India's CPI inflation to ease to 4.7-4.8 pc in FY25, driven by lower food prices

India's CPI inflation to ease to 4.7-4.8 pc in FY25, driven by lower food prices

The arrival of fresh harvests of tomatoes, onions, and potatoes has been reflected in higher mandi arrivals, easing supply pressures

14 December,2024 01:50 PM IST | New Delhi | mid-day online correspondent
'India has become fastest growing economy; Maharashtra to be its backbone'

'India has become fastest growing economy; Maharashtra to be its backbone'

Devendra Fadnavis said "PM Modi's Hindu growth rate model" will show a new direction to the world while it becomes the fastest-growing economy

13 December,2024 01:06 PM IST | Mumbai | mid-day online correspondent
Rupee recovers from all-time low, appreciates to 84.83 against US dollar

Rupee recovers from all-time low, appreciates to 84.83 against US dollar

The Indian rupee appreciated by 5 paise to 84.83 against the US dollar in early Friday trade, following positive domestic inflation data. However, the recovery remains limited due to a stronger US dollar and volatile domestic equity markets.

13 December,2024 09:45 AM IST | Mumbai
 Inflation decline sharper in high-income states, according to SBI report

Inflation decline sharper in high-income states, according to SBI report

The State Bank of India's report highlights that middle and high-income states have experienced a steeper decline in food inflation compared to low-income states, attributed to labour migration and faster disinflation in wealthier regions.

13 December,2024 09:25 AM IST | New Delhi
India’s edible oil imports jump 39% in November due to sunflower, soyabean surge

India’s edible oil imports jump 39% in November due to sunflower, soyabean surge

India’s edible oil imports surged by 39% in November 2024, driven by a sharp rise in the import of crude sunflower and soyabean oils, according to industry data released by the Solvent Extractors' Association of India (SEA).

12 December,2024 01:48 PM IST | New Delhi
Markets rise in early trade, up 1.5% driven by IT stocks and foreign inflows

Markets rise in early trade, up 1.5% driven by IT stocks and foreign inflows

Indian equity indices Sensex and Nifty surged in early trade, rising by 1.5 percent, driven by gains in IT stocks and fresh foreign institutional investment, continuing their upward momentum

05 December,2024 10:17 AM IST | Mumbai
Morgan Stanley lowers India’s GDP growth projection to 6.3% for FY25

Morgan Stanley lowers India’s GDP growth projection to 6.3% for FY25

Morgan Stanley has revised India’s GDP growth forecast for FY25 from 6.7 percent to 6.3 percent, citing a slowdown in the July-September quarter. However, signs of recovery in October and November indicate a rebound in the latter half of the fiscal year

03 December,2024 12:36 PM IST | Mumbai
India's GDP growth slows to 5.4% in Q2 FY25, annual growth may dip below 6.5%

India's GDP growth slows to 5.4% in Q2 FY25, annual growth may dip below 6.5%

India's GDP growth dropped to 5.4 percent in Q2 FY25, primarily due to a manufacturing-led slowdown, with full-year growth expected to fall below 6.5 percent, as per an SBI report

30 November,2024 09:26 AM IST | New Delhi
Rupee crashes 13 paise to settle at record low of 84.60 against US dollar

Rupee crashes 13 paise to settle at record low of 84.60 against US dollar

Forex traders said the dollar demand from importers for meeting month-end payment obligations weighed on the rupee, while the GDP data released by the government later in the day adversely impacted the currency market, toppling the local unit to its record low

29 November,2024 09:23 PM IST | Mumbai | mid-day online correspondent
The Trump administration's policy decisions will greatly impact global trade

The Trump administration's policy decisions will greatly impact global trade

The report also notes that the export growth in India may face hurdles in the upcoming months due to weakening demand in developed markets

26 November,2024 10:06 AM IST | New Delhi | mid-day online correspondent

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