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Business
India’s savings rate shoots past global average: SBI report
23 Dec 2024 6:45 AM GMT
New Delhi, Dec 23: India’s savings rate has surpassed the global average as financial inclusion has shot up in the country with over 80 per cent adults now having formal financial accounts, according to an SBI report released on Monday. India savings rate is at 30.2 per cent, which is higher than...
Business
India witnessing 30 mn new demat accounts annually, 1 in 4 now a women investor
23 Dec 2024 6:43 AM GMT
New Delhi, Dec 23: India is seeing at least 30 million new demat accounts being opened every year since 2021, and nearly every one in four is now a women investor, indicating an increasing prevalence of using capital market as a channel of financialisation of savings, SBI Research said on Monday....
Business
Google ‘strongly disagrees’ with US DoJ’s lawsuit, files remedies proposal
23 Dec 2024 6:40 AM GMT
Washington, Dec 23: Criticising the US Department of Justice (DoJ) lawsuit and its “overbroad proposal”, Google on Monday said that before it appeals in court, the company has filed its own remedies proposal, based on the actual findings in the court's decision.Stressing that the company “strongly...
Business
Domestic stock markets to end 2024 on positive note, Nifty clocks 13 pc gain
21 Dec 2024 7:41 AM GMT
New Delhi, Dec 21: Riding on resilient economic growth, the domestic stock markets are ending 2024 on a positive note, with Nifty registering a 13 per cent gain (year-to-date) its ninth consecutive year of positive gains, a Motilal Oswal Wealth Management report said on Saturday. The first half of...
Business
55th GST Council meet: All eyes on health insurance premiums, ATF, 'Sin Tax'
21 Dec 2024 7:24 AM GMT
New Delhi, Dec 21: As the 55th meeting of the GST Council was set to begin in Jaisalmer on Saturday, chaired by Union Finance Minister Nirmala Sitharaman, the proposed rate cut on health insurance premiums and the inclusion of Aviation Turbine Fuel (ATF) under the GST ambit would be among the key...
Business
Indian share market opens in red as US Fed warns less rate cuts this year
19 Dec 2024 6:41 AM GMT
Mumbai, Dec 19: The Indian stock market opened in red on Thursday after the US Federal Reserve cut interest rates by 25 basis points, but warned that rate cuts may not come so easily in 2025 as anticipated earlier. As Fed’s focus moves towards maximum employment and price stability, the FOMC halved...
Business
'Hum Karke Dikhate Hain': Gautam Adani on building green, brighter future for...
19 Dec 2024 6:40 AM GMT
New Delhi, Dec 19: The Adani Group Chairman, Gautam Adani, on Thursday said that the company makes promises which are not only about building infrastructure but also creating hope, progress and a brighter tomorrow for millions of Indians. Reacting to a unique and out-of-the-box advertisement on wind...
Business
India tops list of recipient countries for remittances with $129 bn inflow in...
19 Dec 2024 6:38 AM GMT
New Delhi, Dec 19: India tops the list of recipient countries for remittances in 2024 with an estimated inflow of $129 billion, followed by Mexico ($68 billion), China ($48 billion), the Philippines ($40 billion), and Pakistan ($33 billion), according to the latest figures compiled by World Bank...
Business
Real estate investments in India reach historic high at $8.9 billion in 2024:...
18 Dec 2024 6:49 AM GMT
Mumbai, Dec 18: Driven by strong growth and political stability, real estate institutional investments in India reached historic high levels at $8.9 billion across 78 deals in 2024, surpassing the previous 2007 record by 6 per cent ($8.4 billion), a report showed on Wednesday. This represents a...
Business
Investec initiates ‘Buy’ rating for Ambuja Cements with target price of Rs 950
18 Dec 2024 6:28 AM GMT
Mumbai, Dec 18: Global banking and wealth management group Investec on Wednesday initiated a ‘BUY’ rating for Ambuja Cements with a target price of Rs 950 from Rs 577 apiece, which is an impressive 65.1 per cent return as projected. In a note, Investec wrote that it “finds comfort in management,...
Business
GreenLine expands green logistics footprint with Exide Industries partnership
17 Dec 2024 10:18 AM GMT
Mumbai, Dec 17: GreenLine Mobility Solutions Ltd, a key player in Essar's Green Mobility initiative, has announced its partnership with Exide Industries, India's largest selling battery brand. This collaboration will integrate GreenLine's eco-friendly LNG-powered trucks into Exide’s logistics...
Business
Giriraj Singh rolls out red carpet for Japan’s Uniqlo to invest in PM Mitra...
17 Dec 2024 10:17 AM GMT
New Delhi, Dec 17: Textiles Minister Giriraj Singh has invited Japanese brand Uniqlo to invest in PM’s Mega Integrated Textile Region and Apparel (PM MITRA) Parks as India targets a textiles market size of 350 billion to 100 billion dollars in exports by 2030, according to an official statement...
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