Economy

Mumbai: Private equity (PE) investors Advent International and Multiples Private Equity on Monday announced investment of Rs 1,930 crore ($230 million) in Svatantra Microfin Pvt Ltd. This deal marks the largest investment by private…
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New Delhi: Union Consumer Affairs, Food & Public Distribution Minister Piyush Goyal on Monday said that the agriculture sector will be the foundational pillar spearheading the nation towards becoming 'Viksit Bharat' by 2047. Speaking…
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Mumbai:  India's benchmark indices extended gains for the fourth session on Monday to end at record high, said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities. Nifty registered fresh all-time high of 22,440 in the early…
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Mumbai: RBI Governor Shaktikanta Das on Monday said that the interoperable payment system for internet banking is expected to be launched this year to facilitate quicker settlement of funds for merchants. He said that the RBI has given…
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New Delhi: An analysis of the latest quarterly results of 24 global companies indicate no material improvement in the demand environment, as macro uncertainties prevail, Emkay Global Financial Services said in a report. Overall…
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Chennai: Credit rating agency ICRA expects the revenue growth for its sample set of domestic poultry companies to improve mildly to about 5-6 per cent in FY2025 after an estimated modest Year-on-Year (YoY) growth of about 3-4 per cent in…
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New Delhi:  Small cap stock indices are in the red on Monday amid concerns over exuberance in the space. BSE Small Cap Index is down 0.68 per cent. BSE 250 Small Cap index is down 0.47 per cent. Small Cap Select Index is down 0.66 per…
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New Delhi: The government has, as part of India's outreach to the Global South, allowed the exports of 1,10,000 tonnes of rice to three African countries to help them meet their food security needs. According to a notification issued by…
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Chennai:  The Indian economy is expected to grow at 7.8 per cent in FY25, said an economist in Bank of Baroda in a report. Citing the 7.6 per cent GDP growth estimates for FY24 by National Statistical Office (NSO), Jahnavi Prabhakar,…
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New Delhi:  Abu Dhabi Investment Authority (ADIA) recently acquired shares of Spicejet from the open market. "Yes, ADIA has acquired shares of the airline from the open market,” said the airline’s spokesperson, while confirming the…
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