According to the monthly report by the finance ministry, the outlook for the Indian economy is good, underpinned by a stable external sector, positive agricultural outlook, expected improvements in demand supported by the festive season, and the likelihood of an increase in Government spending, which will boost investment activity. However, at the margin, demand conditions in the economy bear watching. Given the overall subdued inflation, barring a few food items, the real price of money may have gone up. The finance ministry maintain that the Indian economy will grow between 6.5 and 7.0 per cent in the current fiscal year. However, risks stem from global factors such as geopolitical conflicts, rising geo-economic fragmentation, uncertainties about the trade policies of major economies and consequent financial market reactions, the report noted.
Posts in category Business Standard
HDFC Bank grants Equity Shares (29-10-2024)
Under ESOP
NTPC share gains 3% as Sebi okays NTPC Green Energy’s Rs 10,000-cr IPO (29-10-2024)
The rise in NTPC share price came after the market regulator Securities and Exchnage Board of India (Sebi) approved NTPC Green Energy’s initial public offering (IPO)
Federal Bank spurts after Q2 PAT rises 11% to Rs 1,057 cr (29-10-2024)
Federal bank surged 7.28% to Rs 198.15 after the private lender’s standalone net profit rose 10.78% to Rs 1,056.69 crore in Q2 FY25 as against Rs 953.82 crore posted in Q2 FY24.
Dollar Index steadies around 3-month high; US data awaited (29-10-2024)
The dollar index is steadying around three month high although the momentum in the recent rally has paused slightly. Investors turned cautious ahead of job opening and labor turnover data, advance estimate for GDP growth, PCE inflation and nonfarm payrolls that could shed light on the path for Federal Reserve policy. The recent rally in the dollar index was on account of easing expectations of a Federal rate cut as aggressive as earlier expected. Besides, results of US Presidential elections are also keenly awaited. The dollar index that measures the greenback against a basket of currencies is quoting at 104.17, marginally down on the day. Among basket currencies, EURUSD and GBPUSD are quoting at $1.08 and $1.29 respectively.
Tamilnad Mercantile Bank jumps after Q2 PAT climbs 11% YoY to Rs 303 cr (29-10-2024)
Tamilnad Mercantile Bank rose 2.65% to Rs 443.55 after the bank’s standalone net profit jumped 10.85% to Rs 303.18 crore on 14.62% increase in total income to Rs 1,564.88 crore in Q2 FY25 over Q2 FY24.
Spandana Sphoorty slumps as sharp jump in provisions dents profitability (29-10-2024)
Spandana Sphoorty Financial tumbled 16.56% to Rs 383.95 after the microfinancier reported a consolidated net loss of Rs 216 crore in Q2 FY25 as against a net profit of Rs 125 crore in Q2 FY24.
Crude oil strategy today, Oct 29: Short the rally; WTI resistance at $70 (29-10-2024)
Oil price today: Crude oil prices tumbled 6 per cent on Monday, with Brent settling under $72 and WTI at $67.38
Volumes spurt at Pidilite Industries Ltd counter (29-10-2024)
Pidilite Industries Ltd registered volume of 2.02 lakh shares by 10:47 IST on BSE, a 12.92 fold spurt over two-week average daily volume of 15670 shares
Cipla drops over 3% ahead of Q2FY25 results; know what analysts expect (29-10-2024)
Shares of Cipla dropped 3.55 per cent at Rs 1,450 per share on the BSE in Tuesday’s intraday trade