Crude oil gains as market awaits Israel’s response to Iran attack

[ad_1] Crude oil futures traded higher on Tuesday morning as the market awaited Israel’s response to the recent attacks by Iran.At 9.48 am on Tuesday, June Brent oil futures were at $90.59, up by 0.54 per cent, and May crude...

RBI may hold rate yet again to focus on inflation management, say experts

[ad_1] The RBI may again keep the key interest rate unchanged in April as it is likely to focus more on bringing down inflation to the four per cent target after concerns over economic growth abated with GDP growth estimated...

Fiscal deficit widens in April-Feb 2024 to ₹15.01-lakh crore, reaches 86.5% of Revised Estimate

[ad_1] The Centre’s fiscal deficit widened in April-February 2024 to ₹15.01 lakh crore, which is about 86.5 per cent of Revised Estimate of ₹17.35-lakh crore, official data released on Thursday showed.The fiscal deficit in the same period a year ago...

Q4 GDP growth expected to ease to 6.3%: DBS Group

[ad_1] DBS Group Research expects India’s GDP growth to moderate to 6.3 per cent in the fourth quarter ended March 31, 2024, from 8.4 per cent recorded in the third quarter this fiscal.The growth slowdown is led by a deterioration...

UBS sees India’s GDP growth moderating in FY25 amid weaker global growth, lower public capex

[ad_1] India’s GDP growth is expected to moderate to 7 per cent in 2024-25 from the estimated 7.6 per cent this fiscal even as the country will likely remain as one of the fastest growing economy in the world, the...

Strong demand, balance-sheets to galvanise economy: RBI

[ad_1] High visibility of structural demand and healthier corporate and bank balance sheets will likely be the galvanising forces for economic growth going forward, according to the RBI monthly bulletin, adding that India’s real GDP growth was at a 6-quarter...

FPIs net equity inflows soar to ₹40,710 crore in March 1-15

[ad_1] Foreign portfolio investors (FPIs) seem to show strong conviction in the Indian equity markets’ growth prospects going by their notable net inflows of ₹40,710 crore into equities during the first fortnight of March, data from depositories showed.This robust inflows...

India’s latest GDP growth numbers are ‘mystifying’, says former chief economic advisor

[ad_1] The Centre’s latest figures on growth in the country’s gross domestic product don’t add up and are “mystifying”, former Chief Economic Advisor Arvind Subramanian said on Friday.The government said on February 29 that the Indian economy grew by 8.4%...

Real GDP growth to moderate to 7% and 6.8% in FY25 and FY26, respectively: UBS

[ad_1] This is due to global (weaker growth) and local factors (softness in public capex) The growth momentum of the first three quarters of FY24 is expected to continue as cyclical recovery and structural improvements remain in play, UBS said...

Domestic markets to see positive opening

[ad_1] The beginning of the new month is likely to see a positive opening for domestic market, following strong GDP numbers. Gift Nifty at 22,203 indicates a gap-up opening of 40 points, as NIfty March futures closed at 21,160.Raghvendra Nath,...
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