Category: Business News
India’s GDP growth is strong on the basis of sustained investment demand.
India’s GDP growth is robust on the back of solid investment demand, which is supported by healthy balance sheets of banks and corporate rates, the government’s focus on capital expenditure, and prudent monetary, regulatory, and fiscal policies, the RBI said on Thursday. In the Annual Report for 2023–24, the central bank said that the Indian…
India and Southeast Asia are poised to emerge as new manufacturing centers.
Companies across the world are looking at new locations to set up their new manufacturing hubs or moving their manufacturing hubs away from China, thanks to several geopolitical and economic compulsions and constraints. And India and Southeast Asia seem to gain the most out of such moves by global companies to de-risk their supply chains.…
Reliance Industries is one of the most significant businesses in the world, according to TIME.
Reliance Industries was included in the prestigious TIME’s list of 100 World’s Most Influential Companies of 2024 under the ‘Titans’ category.This was the second time Reliance Group’s revolutionary work was recognized by TIME.Jio Platforms was included in the inaugural TIME 100 Most Influential Companies List of 2021. This gives Reliance the unique distinction of being…
HDFC Bank is discontinuing its low-value transaction SMS service.
The HDFC Bank informed its customers that it will stop sending SMS alerts for any UPI spend below Rs 100 or receipt of money less than Rs 500.Notably, the bank said that the move will come into effect on June 25.The private lender said it will stop sending SMS alerts for any UPI spend below…
India saw the most FII outflows in Asia in May, at USD 2.89 billion.
In May so far, the Indian equity markets experienced the highest outflows in Asia with foreign institutional investors (FIIs) withdrawing funds to the tune of USD 2.89 billion.Notably, this marks the highest monthly FII outflow since January 2024. In terms of the other Asian countries, Indonesia witnessed $700 million in selling, Vietnam $415 million, Thailand…
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