Business

September 4, 2024 12:40 PM

Credit card market in India to double by 2028-29: Pwc

The number of credit cards in India is expected to reach 200 million with a Compound Annual Growth Rate (CAGR)  of 15 per cent, highlighted a report by PwC. The report stated that the credit card industry has experienced significant expansion, doubling the number of credit cards issued over the pa...

September 16, 2024 3:31 PM

PM Modi inaugurates new Chancery of High Commission of India in Brunei

Prime Minister Narendra Modi's landmark visit to Brunei marks a significant milestone in the 40-year-old diplomatic relationship between the two nations. The visit is a testament to the growing friendship and cooperation between India and Brunei. During his visit, PM Modi will engage in delegation-...

September 3, 2024 5:15 PM

Sensex, Nifty end flat as investors await U.S. economic data

India’s benchmark indices ended flat on Tuesday, following record highs in the previous session. Investors are awaiting the U.S. ISM manufacturing survey due later in the day and jobs data on Friday, which are expected to influence the U.S. Federal Reserve's decision on potential rate cuts. The B...

September 16, 2024 3:31 PM

World Bank raises India’s growth forecast to 7% from 6.6% for FY25

The World Bank has raised its growth forecast for India to 7% for the fiscal year 2024-2025, up from its previous estimate of 6.6%, according to the latest India Development Update (IDU) released on Tuesday. This revision highlights India's economic resilience amidst challenging global conditions. ...

September 2, 2024 6:14 PM

Sensex and Nifty close higher, boosted by IT stocks

India's benchmark indices ended Monday on a positive note, buoyed by gains in IT, FMCG, and banking stocks. Investors remained optimistic about a potential rate cut by the U.S. Federal Reserve. The Sensex rose 194.07 points, or 0.24 percent, to settle at 82,559.84, while the Nifty added 42.80 point...

September 2, 2024 12:22 PM

Apple set for music, TV streaming fight in India after Airtel deal

Apple's partnership with India's second-biggest telecoms firm will give the iPhone maker a sorely needed boost in a content market where it lags far behind the likes of Spotify and Walt Disney. The U.S. technology giant, working to boost revenue globally from services including apps, payments and m...