Easing of rates by the Reserve Bank of India might still have to wait going by the hawkish tone in an assessment of the economy published by the RBI economists in its latest monthly bulletin. “A modest easing of headline inflation in the reading for April 2024 confirms the expectation that an uneven and lagged … Read more
Recent actions by the Reserve Bank of India (RBI) suggest that it may transfer a higher dividend – possibly in the region of ₹1 lakh crore – to the government than last year, giving a potential boost to New Delhi’s finances. Last week, the RBI announced a steep cut in the government’s borrowing through Treasury … Read more
A strong domestic economy will push India’s growth to 6.9% in 2024 from 6.2% projected earlier, the United Nations said in its latest World Economic Situation and Prospects report’s mid-year update. “India’s economy is forecast to expand by 6.9 per cent in 2024 and 6.6 per cent in 2025,29 mainly driven by strong public investment … Read more
Former Judges Madan B Lokur, Ajit P Shah, and senior journalist N Ram wrote a letter inviting Prime Minister Narendra Modi and Congress leader Rahul Gandhi for a public debate on the Lok Sabha Election to give a proper response to the allegations and challenges that either side had put up against each other. They … Read more
Billionaire Kumar Mangalam Birla‘s Hindalco Industries is considering seeking about $1.2 billion in a planned IPO of US aluminium products maker Novelis, people familiar with the matter said, in what could be one of the year’s biggest share sales. Hindalco may target a valuation of about $18 billion for Atlanta-based Novelis, the people said. The … Read more
External affairs Minister S Jaishankar rejected US President Joe Biden’s description of India as “xenophobic” and grouping it with countries said to be economically troubled. “First of all, our economy is not faltering,” he said at the ET Roundtable on Friday. “India is always… India has been a very unique country… I would say actually, … Read more
Starting July 1, all contractors executing infrastructure projects and other works to resolve civic issues in the city, will start online registration and renewal of registration. The online system is expected to improve monitoring and tracking of erring contractors who have done shoddy work in executing civic infrastructure projects, including roads, bridges, parks, schools and … Read more
“Xenophobia” from China to Japan and India is stopping their growth, US President Joe Biden argued that migration has been good for the US economy. The remarks came while addressing the Washington fundraising event for his 2024 re-elections campaign and marking the start of Asian American, Native Hawaiian and Pacific Islander Heritage Month. “One of … Read more
Alphabet CEO Sundar Pichai is on the cusp of achieving a rare milestone for a non-founder tech executive: a 10-figure fortune. Since Pichai, 51, became CEO of Google in 2015, the stock has surged more than 400%, significantly outperforming the S& and Nasdaq over the same period. It hit a fresh record on Friday after … Read more