1. Business & Economy

Business & Economy

​UN raises India’s 2024 growth rate to 6.9 pc; remains world’s fastest-growing large economy

United Nations: Indian economy’s growth rate projection for this year has been raised by 0.7 per cent to 6.9 per cent from the forecast made in January by the UN and it retains its position…

Singapore airport retailer selected to run duty-free outlets at Noida airport

New Delhi: The famous Heinemann group, which operates retail outlets at Singapore’s Changi airport as well as the Hong Kong and Auckland airports, has been selected to run the duty-free shops at the Noida International…

Financial regulator finds ‘illegal’ stock short selling at 5 more global banks

Seoul: South Korea’s financial regulator said on Monday that it has found suspected cases of naked stock short selling at five more global investment banks (IBs), bringing the total to nine out of the 14…

RBI tweaks rules to cut risk banks face in exposure to capital markets

Mumbai: The RBI on Friday tweaked rules to reduce the risk faced by banks in their exposure to capital market in the case of issue of Irrevocable Payment Commitments (IPCs). The RBI issued a circular…

Mizoram reports record GST collections in April, 4 NE states see negative growth

Aizawl: Mizoram recorded its highest proportion growth at 52 per cent in Goods & Services Tax (GST) collections in April, while four of the eight northeastern states — Sikkim, Arunachal Pradesh, Nagaland, and Meghalaya —…

The 127-year-old Godrej empire split: How it was resolved amicably

New Delhi: In the increasingly contentious world of family business splits, the peaceful division of the 127-year-old Godrej empire worth $5.7 billion is a rare occurrence. According to the company, Adi Godrej, who is head…

Sensex, Nifty witness worst week since March 15 amid Iran-Israel conflict

Mumbai: Ending a four-day losing streak, India’s benchmark indices closed higher on Friday led by HDFC Bank and Bajaj Finance, among other factors. The Sensex ended 599 points, or 0.83 per cent, higher at 73,088,…

UNCTAD forecasts India’s GDP growth at 6.5 pc in 2024

New Delhi: The latest UN Conference on Trade and Development (UNCTAD) report released on Tuesday forecasts global economic growth at 2.6 per cent in 2024 barely above the 2.5 per cent threshold commonly associated with…

‘Above normal monsoon rainfall in 2024 bodes well for agricultural sector’

Chennai: The India Meteorological Department’s (IMD) above-normal rainfall forecast for 2024 southwest monsoon (June-September) bodes well for the agriculture sector and will also keep a check on food prices, an economist with Bank of Baroda…

RBI projects GDP growth at 7 pc for 2024-25, retail inflation seen at 4.5 pc

Mumbai: India’s GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta Das said on Friday. “Growth…

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