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[ad_1] India’s real GDP growth is projected to slow to 6.2 per cent in FY26, down from 6.5 per cent in FY25, according to a report released on Monday by Japanese brokerage firm Nomura.Nomura’s research report, quoted by PTI, highlighted a growing “divergence” between Goods and Services Tax (GST) collection growth and other high-frequency indicators such as auto sales and bank credit growth.Official data released last week showed that real GDP growth fell to 6.5 per cent in FY25, compared to 9.2 per cent in FY24, while the Reserve Bank of India (RBI) continues to project growth at 6.5 per cent. “Our baseline view assumes GDP growth moderates to 6.2 per cent in FY26 from 6.5 per cent in FY25,” claimed Nomura's report.Despite the moderation in growth, Nomura raised its Nifty target for March 2026 to 26,140 points, up from […]

[ad_1] In fiscal year 2025, NSE's cash segment achieved a turnover of Rs 281 lakh crore. (AI image) National Stock Exchange or the NSE, India’s most valuable unlisted company, also ranks as the world’s fifth largest stock exchange with a market capitalization of Rs 4.7 lakh crore! In the unlisted market, NSE shares command significant interest, trading at approximately Rs 2,200 per share, with a price-to-earnings ratio of 44x. The exchange's financial performance for FY25 showed revenue growth of 4%, reaching Rs 17,140 crore, whilst net profits saw a substantial increase of 47%, totalling Rs 12,187 crore.In fiscal year 2025, NSE's cash segment achieved a turnover of Rs 281 lakh crore, whilst BSE registered Rs 19 lakh crore. Both exchanges demonstrated consistent growth, with their cash turnover increasing by 25% annually across the previous five-year period, highlighting the robust performance […]

[ad_1] Image used for representative purposes Tata Group-owned Air India has been working on a top-to-bottom transformation for the last three years and has also placed orders for 570 planes, the airline's CEO and MD Campbell Wilson said on Monday.“It is a transformative time for India and a transformative time for Air India…,” Wilson said, highlighting the airline’s ongoing evolution, reported PTI.Facing persistent financial losses, Air India launched an ambitious restructuring strategy in 2022. Wilson noted that the airline had previously lacked the investment levels typically seen in other carriers, which had hindered its appeal as a Star Alliance partner. “Three years ago, the airline had no active interline arrangements with Star Alliance members,” he said. “Thanks to the commitment we have made to customer experience, fleet, expansion and quality, we have now established interline agreements with all of the […]

[ad_1] The Adani group firmly rejected these allegations as "baseless and mischievous". The Adani Group issued a statement on Monday clarifying that none of its ports process cargo originating from Iran or vessels under Iranian ownership, rejecting allegations of intentional sanctions violations.The Adani Group submitted a filing to the stock exchange, dismissing claims about connections between its entities and Iranian LPG as ‘baseless and mischievous’.This statement came after the Wall Street Journal published a report indicating that US prosecutors were looking into potential imports of Iranian LPG by Adani companies through their Gujarat-based Mundra port.The business conglomerate emphasised in its filing that their policy explicitly prohibits handling any Iranian cargo at their port facilities, including shipments from Iran or vessels flying Iranian flags.The group further specified that their operational policy excludes management or facilitation of any vessels owned by Iranian […]

[ad_1] Stock markets in the United States opened with a slight decline, surrendering a portion of their gains from May, which marked their strongest performance since 2023. During early Monday trading, the S&P 500 declined by 0.3%. The Dow Jones Industrial Average dropped 174 points, representing a 0.4% decrease, whilst the Nasdaq composite fell by 0.2%.This was driven by crude oil prices that surged more than 4%. Despite OPEC+ nations agreeing to boost their output further, market analysts noted this decision was largely anticipated by investors. Additionally, Ukrainian strikes within Russian territory over the weekend heightened concerns regarding global oil and gas distribution.Global trade tensions also contributed to the decline as Beijing dismissed US claims regarding breach of tariff reduction agreements. Simultaneously, tensions with the European Union escalated following Trump's proposal to increase steel duties twofold.This was in line with […]

[ad_1] Errol Musk in Delhi (ANI) NEW DELHI: Errol Musk, father of Tesla CEO Elon Musk, expressed admiration for India’s push towards green technology, saying he sees immense potential in the country’s commitment to sustainability and energy efficiency. Speaking to ANI, during his visit to Delhi, Musk shared his insights on India as a global power, its green energy landscape, its cultural heritage, and his association with an Indian company, Servotec.Regarding India's global geopolitical influence, Errol Musk gave his perspective saying, "India is a sleeping giant, there's no doubt about it. Now, with India having a GDP which is about the third or fourth highest in the world, it's absolutely incredible. It's ultimately a world power. What can I say except, it's terrific. I tell you why it's terrific, because Indian people seem to me to be very loving people. […]

[ad_1] The Ministry of Heavy Industries has released detailed guidelines for the “Scheme to Promote Manufacturing of Electric Passenger Cars in India” (SPMEPCI), which was originally announced on March 15, 2024. The scheme aims to attract domestic and global investment in electric vehicle (EV) manufacturing and support India’s broader environmental and industrial goals. Below are 10 key highlights from the newly notified framework:1. Lower customs duty for imported EVsApproved applicants will be allowed to import fully built electric four-wheelers (CBUs) with a minimum CIF value of $35,000 at a reduced 15 per cent customs duty for a period of five years from the date of approval.2. Minimum investment thresholdTo qualify, applicants must commit to investing at least Rs 4,150 crore (approximately $500 million) in EV manufacturing infrastructure within a three-year window.3. Mandatory localisation targetsCompanies are required to achieve a minimum […]

[ad_1] NEW DELHI: India’s GDP growth for the January-March quarter of FY25 may have surprised on the upside, but a new report warns that the robust headline figure masks an economy still struggling under the surface.Systematix Research, in a sharp critique, said the 4QFY25 growth “continues to be dependent on public spending-led construction,” while key indicators point to deeper structural weaknesses. “The upside surprise in Indian GDP growth makes a robust headline, but it masks underlying weaknesses,” the report stated.Cracks behind the headline numbersAmong the red flags, the report noted that money supply grew much slower than nominal GDP, raising concerns about the credibility of the growth data. Additionally, personal consumption expenditure grew faster than the actual sales volume of consumer goods, indicating a disconnect between reported demand and real consumption.While government capital spending surged, private investment likely contracted. “Public […]

[ad_1] Entry-level white-collar positions are likely to be the most affected by Artificial Intelligence (AI) implementation, according to a recent report by Jefferies. The findings highlight growing employment concerns for new workforce entrants in the United States, particularly recent university graduates.Currently, the unemployment rate for recent US university graduates stands at 5.8 per cent- well above the national average of 4 per cent and more than double the 2.7 per cent rate recorded among all university graduates."We believe AI's most significant impact for investors will be through labour disruption, beginning with entry-level roles," said Jefferies, as quoted by ANI.The report claimed that that individuals entering the workforce are encountering greater employment challenges compared to other demographic groups.Anthropic CEO Dario Amodei, cited in the report, projected that AI could replace as much as half of entry-level white-collar jobs within one to […]

[ad_1] NEW DELHI: The 2000-rupee notes worth Rs 6,181 crore still remain in circulation after two years of withdrawal, official Reserve Bank of India data released on Monday said."Thus, 98.26% of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," the central bank said.The Reserve Bank of India RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023. Since then, their presence in the economy has seen a sharp decline—from Rs 3.56 lakh crore in circulation on the day of the announcement to just Rs 6,181 crore as of May 31, 2025, according to the RBI.However, they continue to be a legal tender. The option to deposit or exchange Rs 2000 banknotes at bank branches was available until October 7, 2023. After that date, the facility remains accessible exclusively […]