Economy

New Delhi: The country’s ultra-high net worth individual (UHNI) count reached 13,600 in 2024, marking a 6 per cent annual growth, and is projected to soar by 50 per cent by 2028, far outpacing the global growth average of 30 per cent, a report showed on Thursday. While India’s UHNI population grew by 6 per

Bengaluru: India is expected to see a 9 per cent growth in hiring in 2025, according to a report on Thursday. The report by foundit (formerly Monster APAC & ME), showed that IT, retail, telecommunications, and Banking, Financial Services, and Insurance (BFSI) sectors are the primary drivers of this growth in the country. With a

New Delhi: The Indian rupee fell 18 paise to all-time low of 85.12 against the US dollar on the National Stock Exchange (NSE) over Federal Reserve’s hawkish commentary on rate cut outlook. The U.S. Fed meeting which was held on Wednesday, shifted its focus towards maximum employment and price stability, the FOMC halved the number

Bengaluru: India’s tech startup ecosystem garnered $11.3 billion in funding in 2024, a 6 per cent increase from $10.7 billion in 2023, according to a report on Thursday. In the second half (H2) of 2024, the tech startups received $5.32 billion across 540 funding rounds, a growth of 8 per cent from H2 2023 where

New Delhi:  India’s energy storage capacity is expected to shoot up 12-fold to around 60 GW by 2031-32 which would play a key role in stabilising the power grid as the country transitions to renewable energy, according to an SBI Research report. The country’s energy storage landscape is evolving rapidly, with the proportion of renewable

New Delhi: India tops the list of recipient countries for remittances in 2024 with an estimated inflow of $129 billion, followed by Mexico ($68 billion), China ($48 billion), the Philippines ($40 billion), and Pakistan ($33 billion), according to the latest figures compiled by World Bank economists. The growth rate of remittances this year is estimated

Mumbai: The Indian stock market opened in red on Thursday after the US Federal Reserve cut interest rates by 25 basis points, but warned that rate cuts may not come so easily in 2025 as anticipated earlier. As Fed’s focus moves towards maximum employment and price stability, the FOMC halved the number of rate cuts

Mumbai: Driven by strong growth and political stability, real estate institutional investments in India reached historic high levels at $8.9 billion across 78 deals in 2024, surpassing the previous 2007 record by 6 per cent ($8.4 billion), a report showed on Wednesday. This represents a substantial 51 per cent increase (to date) from the previous

Mumbai: The Indian stock market opened flat on Wednesday as investors await the US Federal Reserve’s interest rate decision. At around 9:33 am, Sensex was trading at 80,651.44 after declining 33.01 points or 0.04 per cent, while the Nifty was trading at 24,328.75 after declining 7.25 points or 0.03 per cent. The market trend remained

New Delhi: Gaurav Munjal-led edtech platform Unacademy recorded a loss of Rs 285 crore in FY24 compared to Rs 1,592 crore in FY23. The loss was narrowed due to the reduction in the company’s expenses. The total expenditure of the company in FY24 was Rs 1,149 crore, which is 53.29 per cent less than the