Central banks bet big on gold as global uncertainty lingers

[ad_1] Central banks across the world continued their gold buying spree this year, adding 290 tonnes in the March quarter, even as record high prices hit consumer demand.Also read:Gold soars on geopolitical risks, central bank buyingIn fact, central banks accounted...

India needs ‘hard reforms’ to reach 7.5% growth, HSBC says

[ad_1] Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse and the billionaires and businesses behind its rise, delivered weekly.Also read:IMF boosts Asia growth forecast this year on China, IndiaIndia will need...

IMF boosts Asia growth forecast this year on China, India

[ad_1] The International Monetary Fund boosted its growth forecast for Asia this year, reflecting a rosier outlook for the region’s two largest economies and flagging a possible upward revision in its outlook for China.Also read:Many twists in net financial flowsAsia...

CII launches corporate governance charter for startups

[ad_1] Industry body CII on Sunday announced it has launched a charter for startups that enlist voluntary recommendations on corporate governance keeping in view unique nuances to govern startups.Also read:India growing when world is in stress: CII president-designate Sanjiv Puri...

Govt evaluating usefulness of interest equalisation scheme in promoting exports

[ad_1] The government is scrutinising the interest equalisation scheme for exporters to analyse its usefulness in promoting exports so far, including from the MSME sector, to decide if it should be continued beyond June 30 2024, sources have said.Also read:Commerce Ministry...

China’s share in India’s industrial goods imports jump to 30% from 21% in last 15 yrs: GTRI

[ad_1] With increasing India's dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing's share in New Delhi's imports of such goods rose to 30 per cent from 21 per cent in the last 15 years, a report said.Also...

Trade agreement to provide zero tariffs on almost all of its exports to India, says Norway

[ad_1] Norway on Sunday announced that the Trade and Economic Participation Agreement (TEPA) between the European Free Trade Association (EFTA) will provide zero tariffs on almost all of its exports to India. The country also announced there will be no...

Crude oil declines as China’s GDP growth target fails to impress market

[ad_1] Crude oil futures traded lower on Tuesday morning as China’s GDP growth target failed to impress the markets. Also read: Crude oil up as OPEC+ members extend voluntary output cutsAt 9.52 am on Tuesday, May Brent oil futures were...
India’s FY24 GDP growth could be within striking distance of 8%: SBI Ecowrap

India’s FY24 GDP growth could be within striking distance of 8%: SBI Ecowrap

[ad_1] India’s FY24 GDP growth could be within striking distance of 8 per cent even as the per capita GDP at current prices crossed ₹2 lakh mark in FY24 for the first time, says SBI’s economic research department.Also read: Oct-Dec GDP growth...