The International Monetary Fund (IMF) on Tuesday lowered India’s economic growth projection for the current fiscal to 5.9 per cent from 6.1 per cent earlier. Yet India will continue to be the fastest-growing economy in the world. In its annual World Economic Outlook, IMF also lowered the forecast for 2024-25 fiscal (April 2024 to March 2025) to 6.3 per cent from the 6.8 per cent it had predicted in January this year. The growth rate of 5.9 per cent in the 2023-24 fiscal compares to an estimated 6.8 per cent in the previous year.
Posts tagged Rediff
Sensex gains 311 points; reclaims 60K mark (11-04-2023)
Among the Sensex firms, Kotak Mahindra Bank, Tata Steel, ITC, ICICI Bank, Bajaj Finserv, Maruti, Mahindra and Mahindra and State Bank of India were the biggest winners. Tata Consultancy Services, Infosys, HCL Technologies, Tech Mahindra, Asian Paints, Wipro and Tata Motors were the biggest laggards.
Sensex gains 311 points; reclaims 60K mark (11-04-2023)
Among the Sensex firms, Kotak Mahindra Bank, Tata Steel, ITC, ICICI Bank, Bajaj Finserv, Maruti, Mahindra and Mahindra and State Bank of India were the biggest winners. Tata Consultancy Services, Infosys, HCL Technologies, Tech Mahindra, Asian Paints, Wipro and Tata Motors were the biggest laggards.
NSE arm launches India’s 1st REITs and InvITs index (11-04-2023)
NSE Indices Ltd, an arm of the National Stock Exchange (NSE), on Tuesday launched the country’s first-ever Real Estate Investment Trusts and Infrastructure Investment Trusts index — Nifty REITs and InvITs Index. The index aims to track the performance of REITs and InvITs that are publicly listed and traded on the NSE, the exchange said in a statement. A real estate investment trust (REIT) or an infrastructure investment trust (InvIT) is an investment vehicle that owns revenue-generating real estate or infrastructure assets.
Housing inventory overhang lowest in 5 years (11-04-2023)
The housing inventory overhang in the top seven cities in India stood at a five-year low of 20 months at the end of the January-March quarter, data from real estate consultancy Anarock showed on Monday. It was the highest at 55 months in the quarter ending December 2020. The inventory overhang is the amount of time it would take to sell the current housing listings in an area. A lower overhang denotes higher demand in a particular area.
Realty stocks soar on back of robust sales (11-04-2023)
The BSE Realty index-a gauge of real estate stocks-rose 4.2 per cent on Monday, extending its two-day advance to 7.8 per cent. The latest gains came on the back of robust sales posted by realty developers in the March quarter of financial year 2022-23 (Q4FY23). On Thursday, the rate-sensitive index had gained 2.9 per cent following the Reserve Bank of India’s decision to pause interest rate hikes in its latest monetary policy review.
Street cheers auto volume data amid chip concerns (11-04-2023)
The automobile sector is considered a good indicator of economic health. It has a very long value chain, from primary materials, like metals, glass and plastic, to value-added high-end electronic components, specialised alloys, and software.
‘No second thoughts on Great Nicobar Port’ (11-04-2023)
‘An area of land has already been earmarked for their protected habitation.’ ‘There are also steps being taken to take care of the coral zone and mangroves.’
‘No second thoughts on Great Nicobar Port’ (11-04-2023)
‘An area of land has already been earmarked for their protected habitation.’ ‘There are also steps being taken to take care of the coral zone and mangroves.’
‘We may be late to board the bus, but…’ (11-04-2023)
‘India’s manufacturing will take 10-15 years to catch up with China.’