|
|
Friday, 20-Sep-2024
|
Global markets gain big as Fed kicks off easing cycleFinancial Express
20-Sep-2024
Wall Street Main indexes soared onThursday with the S&P 500 and the Dow hitting intraday record high after the Federal Reserve kicked off its easing cycle with half-a-percentage point reduction and forecast more cuts were on the horizon. |
India set to be the third largest economy by FY31: S&P GlobalThe Hindu Business Line
20-Sep-2024
India is set to become the third largest economy and transition to the uppermiddle-income category by 2030-31, driven by a projected annual growth rate of 6.7 per cent this fiscal. While India posted GDP growth of 8.2 per cent last fiscal, exceeding the government’s earlier estimate of 7.3 per cent, sustained reforms are crucial for India’s economic momentum to continue, said S&P Global report “India Forward: Emerging |
Services sector helps Karnataka, Telangana up their share in GDPThe Hindu Business Line
20-Sep-2024
At a time when services sector has become the bulwark of India’s overall economic growth, businessline analysis shows that States that have grown services GVA and diversified into services sector relatively higher than peers, lead in performance. |
RBI not to follow Fed; domestic dynamics to determine rate cutsThe Hindu Business Line
20-Sep-2024
The Reserve Bank of India is unlikely to immediately follow US Fed in cutting the repo rate as its actions are primarily determined by domestic growth-inflation conditions and outlook. The US Fed slashed its benchmark lending rate by 50 basis points to 4.75 per cent-5 per cent on Wednesday, its first reduction in more than four years, as it gained greater confidence that inflation is moving sustainably towards the 2 per cent target, and judged that the risks to achieving its employment and inflation goals are roughly in balance. |
Shipping costs, container crunch figure in talks with piyush GoyalThe Hindu Business Line
20-Sep-2024
Commerce & Industry Minister Piyush Goyal met stakeholders from the shipping and cargo sectors, including senior government officials and representatives from some companies, to resolve problems such as high shipping costs, container shortage and congestion, being faced by exporters and importers. |
Copper futures probing a resistance at Rs816The Hindu Business Line
20-Sep-2024
Copper futures on the Multi Commodity Exchange (MCX) have been charting a sideways trend over the past two months. The contract has been oscillating between ₹775 and ₹816. Within this range, the September futures. |
Rupee rises 11 paise to close at 2- month highFinancial Express
20-Sep-2024
The rupee strengthened by 11 paise to hit its two-month high level of 83.65 against the US dollar on Thursday after the US Federal Reserve cut the benchmark interest rate by 0.50 per cent, boosting investors’ sentiment. |
India, US to Sign 2 Pacts At Modi-Biden BilateralThe Economic Times
20-Sep-2024
The upcoming visit by Prime Minister Narendra Modi for the Quad summit emphasises several important aspects, including developing the Indo-Pacific region and implementing sustainable development goals, foreign secretary Vikram Misri said on Thursday. |
In export push, govt steps in to raise container capacitybusiness standard
20-Sep-2024
Commerce Minister Piyush Goyal announces purchase of second-hand vessels |
Strong hybrid car sales take off in UP after tax waiverbusiness standard
20-Sep-2024
E-car sales remain on flat trajectory |
With 6.7% growth rate, India to be 3rd-largest economy by FY31: S&Pbusiness standard
20-Sep-2024
Riding on structural reforms and investment |
|