NEW DELHI: Fitch Ratings on Tuesday raised India’s growth forecast for the current fiscal to 7.2%, from 7% projected in March, saying elevated consumer confidence will drive spending, besides increased investments.In June update to its global economic outlook report, Fitch said it expects inflation to decline to 4.5% by end of this year and RBI…
Blockbuster year for Malayalam films! The Malayalam film industry is experiencing a remarkable year, with box office collections soaring to Rs 720 crore in the first five months and four films surpassing the Rs 100 crore mark each.Manjummel Boys, Aadujeevitham: The Goat Life, and Aavesham were among the top 10 highest-grossing movies in the country.Additionally,…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Tuesday. While BSE Sensex moved above 77,150 levels, Nifty50 crossed 23,500 for the first time. At 9:19 AM, BSE Sensex was trading at 77,150.55, up 158 points or 0.20%. Nifty50 was at 23,523.50, up 58 points or 0.25%.The Indian…
MUMBAI: SBI has started watching the weather more intently from the current financial year. The country’s largest lender is incorporating climate change risks into its lending framework and has set up a Climate Change Risk Management Committee to enhance governance and resilience to climate-related risks. The climate change panel will provide strategic guidance and oversight…
BENGALURU: The gig workforce is emerging as one of the levers for enterprises to bridge the tech talent demand-supply gap. Gig workers get paid from $5 per hour for basic work, while mid-level prompt engineers, prompt engineering specialists, and senior AI engineers can make from $15 to $400 per hour, respectively, depending on the complexity…
Budget 2024 income tax expectations: The Modi government is mulling over the possibility of reducing personal tax rates for specific groups of individuals, according to two government sources who spoke to Reuters. This move has the potential to stimulate consumption in India, which is the third-largest economy in Asia. The sources, who requested anonymity due…
India’s diesel demand declined in June as extreme heat conditions demand declined in June due to extreme heat conditions in certain regions, that primarily refrained people from travelling. which limited travel, as per the data released by state-owned firms.Diesel sales dropped by 3.9 per cent to 3.95 million tonnes during June 1 to 15 compared…
NEW DELHI: Hospitality startup Oyo, is looking to raise approximately Rs 1,000 crore ($120 million) in fresh round of funding, primarily from the family offices of prominent Indian corporate executives and stock market experts, as reported by The Economic Times citing people aware of the development.The startup valuation will plummet by 72% from $9 billion…
ITC chairman and managing director Sanjiv Puri took over as the new CII president during elections. The industry chamber is recommending several measures, including creating more jobs, skilling and generating political consensus on crucial reforms related to land & labour laws and farm & power sector. In an interview with TOI, Puri emphasised the need…
Mumbai: Paytm is in advanced stages of discussion to sell its movie and events ticketing business to Zomato as part of the fintech’s strategy to divest its non-core assets, sources aware of the development told TOI. The deal, if finalised, could value the business vertical of Paytm at close to Rs 2,000 crore.In a stock…
