Finance

September 16, 2024 5:01 PM

Morgan Stanley raises India’s GDP growth forecast to 6.8 per cent for FY25

After S&P Global, Morgan Stanley has revised its GDP growth forecast upwards for the financial year 2024-25 (FY25) to 6.8 per cent, up from its previous estimate of 6.5 per cent. The firm also revised its growth forecast for the ongoing financial year, FY24, to 7.9 per cent. The revised project...

September 16, 2024 4:57 PM

Prime Minister Modi to address entrepreneurs at Startup Mahakumbh today

Prime Minister Narendra Modi will address entrepreneurs and all stakeholders at the 'Startup Mahakumbh' today (Wednesday). The Prime Minister said that India's strides in the world of startups have been phenomenal in the last few years In a post on X on Tuesday, PM Modi said, "At 10:30 AM tomorrow,...

September 16, 2024 4:57 PM

Sensex, Nifty drop nearly 1%, IT, metals suffer major losses

Indian stock indices registered major losses on Tuesday. The Sensex closed at 72,012, witnessing a decline of 1.01%, while the Nifty closed at 21,817, dropping by 1.08%. Twenty-three out of the 30 stocks listed on the BSE Sensex fell, reflecting the widespread nature of the downturn. Key sectors l...

September 16, 2024 4:58 PM

Bank of Japan ends negative rates, closing era of radical policy

The move would make Japan the last central bank to ditch negative rates and end an era in which policymakers around the world sought to prop up growth through cheap money and unconventional monetary tools. While a majority of economists polled earlier this month had expected the BOJ to wait until A...

September 16, 2024 4:46 PM

Adani Group to invest 70% of total investments in green energy: Sources

The Adani Group is expected to invest more than 70 per cent of its total investments towards green energy, including renewable power, green hydrogen, and green evacuation transmission line, sources said. The conglomerate is building the world's largest renewable park at Khavda, Gujarat, spanning ove...

March 11, 2024 9:06 PM

Understanding the Sovereign Gold Bond Scheme 2023-24 (Series IV)

This scheme allows investors to subscribe to gold bonds issued by the Government of India. As per the Government of India Notification No.4(6)-B(W&M)/2023 dated December 08, 2023, the subscription period for Sovereign Gold Bonds 2023-24 (Series IV) will commence on February 12th, 2024, and co...