HYDERABAD: As long as India is able to clock a GDP growth rate of 8% per annum in real Rupee terms, it has the potential to emerge as the Sachin Tendulkar of the global economy with a $55 trillion economy by 2047 when the country turns 100, International Monetary Fund (IMF) executive director Prof KV…
July 2024 CPI inflation: The Consumer Price Index (CPI) inflation for the month of July eased sharply to 3.54%. This is the lowest retail inflation in 59 months or nearly 5 years according to the Ministry of Statistics data released today.According to MoSPI data, the provisional inflation rate stands at 3.54% for the entire country,…
Vande Bharat trains for export! BEML Ltd, a state-owned heavy equipment manufacturer, anticipates that the rail and metro segment, alongside defence, will be the most significant contributor to its revenue in the near future. The company is looking to secure export orders for Vande Bharat and metro trains within the next few years. Shantanu Roy,…
Sunil Bharti Mittal-led Bharti Enterprises announced on Monday its intention to purchase a 24.5% stake in BT Group, the largest broadband and mobile provider in Britain. Bharti Enterprises said that it would acquire a stake worth about 3.2 billion pounds ($4 billion). The acquisition will involve buying out the shares held by Altice UK, the…
Latest Bank Fixed Deposit rates: In the past two months, several public sector banks (PSBs) in India have adjusted their fixed deposit interest rates. PSU banks are banking institutions where the government holds a majority stake of over 50% of the capital.Union Bank, Bank of India, Punjab National Bank, and other banks have revised their…
Adani Group stocks latest news: Following allegations against Sebi chief Madhabi Buch in the Adani vs Hindenburg controversy, shares of Adani Group companies experienced a decline of up to 7% on Monday morning, as many investors opted for a cautious approach. Consequently, investors suffered a loss of approximately Rs 53,000 crore, with the combined market…
NEW DELHI: Sebi chief Madhabi Puri Buch and her husband Dhaval Buch on Sunday rejected the claims of the fresh Hindenburg Research report alleging that the market regulator body chairperson had stakes in “obscure offshore entities used in Adani money siphoning scandal”.Issuing a point-by-point rebuttal, Madhabi Buch and her husband trashed allegations of impropriety levelled…
NEW DELHI: After infusing money during the last two months, foreign investors have turned net sellers as they pulled out over Rs 13,400 crore from Indian equities in August so far due to unwinding of the yen carry trade and recession fears in the US.So far this year, FPIs have made a net investment of…
NEW DELHI: At least two industry bodies – Amfi and The Indian Venture and Alternate Capital Association – on Sunday publicly came out in support of Sebi chairperson Madhabi Puri Buch and the markets regulator and called Hindenburg‘s allegations “unwarranted” and “lacking in context”.“We believe that the recent allegations made by Hindenburg are unwarranted and…
MUMBAI: In 2022, when Madhabi Puri Buch took charge as Sebi chairperson, she broke several barriers – primary of them being the first woman and the first former private sector professional to head the markets’ regulatory body. After a four-and-half-year stint as a whole-time member at Sebi, she had taken a few months off due…
