NEW DELHI: The Finance Ministry on Tuesday inducted two new members in the governing council of the National Investment and Infrastructure Fund Trustee Ltd (NIIFTL) which provides strategic guidance on a number of matters including investment of the corpus of NIIF. The new members are SBI Chairman C S Setty who replaced his predecessor Dinesh…
BENGALURU: India’s GCC story continues to shine this year too. India is expected to welcome more than 120 new mid-market global capability centres (GCCs) by 2026, according to research by Bengaluru and US-based ANSR, which has set up over 135 GCCs in the country. This expansion demonstrates the growing appetite from medium-sized companies seeking to…
NEW DELHI: India showed enthusiasm for used cars in 2024, with a remarkable 76 per cent of Spinny customers emerging as first-time buyers. This markes a 3 per cent rise from the 73 per cent recorded in 2023 according to an annual report by the company dealing with selling and buying of used cars. Highlights…
The Real GDP or GDP at Constant Prices is projected to reach Rs 184.88 lakh crore in FY 2024-25. (AI image) India’s GDP growth for the financial year 2024-25 will likely slow down to 6.4% as compared to 8.2% in the previous fiscal, as per the first advance estimates of GDP released by the National…
NEW DELHI: Trade unions on Monday pressed for increasing minimum EPFO pension 5 times to Rs 5,000 per month, immediate constitution of the 8th Pay Commission and higher taxes on super rich in the upcoming 2025-26 Budget. In their pre-budget meeting with FM Nirmala Sitharaman, trade union leaders also demanded an increase in income tax…
BENGALURU: Microsoft CEO Satya Nadella met PM Narendra Modi on Monday and expressed his appreciation for his leadership and commitment towards positioning India as AI-first, whilst ensuring appropriate guardrails for a secure digital future.“Thank you, PM Narendra Modi ji, for your leadership. Excited to build on our commitment to making India AI-first and work together…
NEW DELHI: In November 2024, central banks globally added a combined total of 53 tonnes of gold to their reserves, with the Reserve Bank of India (RBI) contributing 8 tonnes, according to the World Gold Council (WGC). In 2024, central banks, particularly those from emerging markets, continued to be avid buyers of gold, to achieve…
NEW DELHI: Global central banks remained active in the gold market in November 2024, collectively adding 53 tonnes of the precious metal to their reserves, according to the World Gold Council.This sustained buying trend reflects the growing preference for gold as a stable and secure asset amidst global economic uncertainties.India’s year-to-date purchased 73 tonnes of…
NEW DELHI: Securitisation volumes saw an 80 per cent year-on-year rise, reaching Rs 68,000 crore in the December quarter, according to ICRA. The agency revised its total volume estimates for the current financial year to Rs 2.4 lakh crore, up from the earlier forecast of Rs 2.1 lakh crore, marking a 25 per cent rise…
NEW DELHI: India’s services sector growth reached a four-month high in December, driven by a surge in new business inflows on strong demand conditions, and a reduction in inflationary pressures, according to a monthly survey released on Monday.The seasonally adjusted HSBC India Services Business Activity Index rose to 59.3 in December, up from 58.4 in…
