Growth in developing Asia accelerated in the first quarter of 2024 on resilient domestic demand and strong export growth, particularly in electronics, according to the Asian Development Bank in its July forecast. The regions growth forecast for 2024 is increased slightly to 5.0%, while the 2025 projection is maintained at 4.9%. Headline inflation in developing Asia is now forecast to ease further from 3.3% last year to 2.9% this year, stabilizing at 3.0% in 2025.
Posts in category Business Standard
Indian Economy On Track To Grow By 7% In FY24, Says ADB (17-07-2024)
Growth in developing Asia accelerated in the first quarter of 2024 on resilient domestic demand and strong export growth, particularly in electronics, according to the Asian Development Bank in its July forecast. The regions growth forecast for 2024 is increased slightly to 5.0%, while the 2025 projection is maintained at 4.9%. Headline inflation in developing Asia is now forecast to ease further from 3.3% last year to 2.9% this year, stabilizing at 3.0% in 2025.
Network18 Media Q1 net loss widens YoY to Rs 102 cr in FY25 (17-07-2024)
The media company’s consolidated net loss widened to Rs 102.41 crore in Q1 FY25 as compared to net loss of Rs 38.73 crore recorded in Q1 FY24.
Network18 Media Q1 net loss widens YoY to Rs 102 cr in FY25 (17-07-2024)
The media company’s consolidated net loss widened to Rs 102.41 crore in Q1 FY25 as compared to net loss of Rs 38.73 crore recorded in Q1 FY24.
IMF Raises India Growth Forecast To 7% For 2024-25 (17-07-2024)
The International Monetary Fund (IMF) on Tuesday revised upward its projections for India and said the country is now expected to grow by 7% in 2024-25, compared to 6.8% projected in April. The forecast for growth in India has been revised upward, to 7 per cent, this year, with the change reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly in rural areas, the International Monetary Fund said in its latest edition of the world economic outlook update. The fund however said that global economy is in a sticky spot and global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025. Services inflation is holding up progress on disinflation, which is complicating monetary policy normalization. Upside risks to inflation have thus increased, raising the prospect of higher for even longer interest rates, in the context of escalating trade …
Silver trading strategy today, July 17: Buy dips near Rs 90,000-91,500 (17-07-2024)
Silver support, resistance levels: Silver is expected to test the $35 mark on rate cut bets. Traders are expected to continue to buy into dips
IMF Raises India Growth Forecast To 7% For FY25 (17-07-2024)
The International Monetary Fund (IMF) on Tuesday revised upward its projections for India and said the country is now expected to grow by 7% in 2024-25, compared to 6.8% projected in April. The forecast for growth in India has been revised upward, to 7 per cent, this year, with the change reflecting carryover from upward revisions to growth in 2023 and improved prospects for private consumption, particularly in rural areas, the International Monetary Fund said in its latest edition of the world economic outlook update. The fund however said that global economy is in a sticky spot and global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025. Services inflation is holding up progress on disinflation, which is complicating monetary policy normalization. Upside risks to inflation have thus increased, raising the prospect of higher for even longer interest rates, in the context of escalating trade …
Where to invest in markets for the next 1 year? Siddhartha Khemka answers (17-07-2024)
The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.
Gold Strategy: Buy dips; resistance at Rs 75,400, support at Rs 73,000 (17-07-2024)
Spot gold surged to a fresh record high of $2465 on July 16 as traders continued to pile into the metal on Fed rate cut bets.
Glenmark Pharma gets USFDA approval for seizures drug (17-07-2024)
Glenmark Pharmaceuticals said that it has received final approval by US Food & Drug Administration (USFDA) for Topiramate capsules.