Business News Today: Read Latest Business news, India Business …
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India champion of growth in G20: Álvaro Pereira, Chief Economist, …
WEBSep 26, 2024 · “India is the champion of growth in G20 and continues to show a very strong and broad-based performance,” Pereira told ET in an interview. The Organisation for Economic Cooperation and Development (OECD) raised the country’s growth forecast to 6.7% for FY25 and 6.8% for FY26, a revision of 1 and 2 basis points, respectively, with …
India to become $1 tn digital economy by 2028 - The Economic …
WEBOct 2, 2024 · India's digital transformation is driving its financial ecosystem towards a USD 1 trillion digital economy by 2028. Government initiatives and technological advancements, like UPI and 5G, are enhancing financial inclusion and boosting digital services in sectors like health, education, and e-commerce. Digital payments are poised for significant …
India on track to becoming third-largest economy by FY31: S&P …
WEBSep 19, 2024 · India is projected to become the third-largest economy by 2030-31, driven by a 6.7% growth rate this fiscal, according to S&P Global. The report highlights the importance of continued reforms, infrastructure development, and sustainable technologies. It also emphasizes the need for robust port infrastructure and advanced agricultural …
Foreign tourist arrivals to exceed pre-pandemic levels by 2025: …
WEB2 days ago · Foreign Exchange Earnings (FEEs) from tourism reached USD 15.3 billion in the first half of 2024, reflecting a 17.6 per cent increase from 2023 and a 5.5 per cent jump from 2019. The influx of international visitors is catalysing the local economy, potentially generating 58 million jobs by 2033. With tourism projected to contribute ...
UPI transactions grew by 52% in H1 CY24, PhonePe, GooglePay …
WEB1 day ago · UPI transactions in India surged 52 per cent year-on-year to 78.97 billion in the first half of 2024, with transaction value increasing 40 per cent to Rs 116.63 trillion, reveals Worldline India's latest report. PhonePe and Google Pay remain the leading UPI apps, collectively dominating market share alongside Paytm.
Suzlon secures 400 MW wind order from Jindal Group for …
WEB1 day ago · New Delhi: Suzlon Group has bagged a 400 MW wind power order from JSP Green Wind 1 Pvt. Ltd., a subsidiary of Jindal Renewables Power Private Limited, marking the largest Commercial & Industrial (C&I) order in the wind industry. The wind turbines will help decarbonise steel production, with the power being used for captive consumption in …
Ratan Tata passes away, an era ends - ETCFO
WEB1 day ago · Ratan Tata, a doyen of Indian industry and Chairman Emeritus of Tata Group, has passed away at a Mumbai hospital, the group announced. "It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very …
Indian economy to grow at 6.5-7% in FY 2024-25 on steady state …
WEBSep 27, 2024 · The Indian economy is projected to grow at a rate of 6.5-7 per cent in the current financial year, according to Chief Economic Advisor V Anantha Nageswaran. He highlighted that the post-COVID recovery is solidified due to prudent fiscal and monetary policies. The growth rate, including an 11 per cent nominal rate accounting for inflation, …
India Inc. mourns Ratan Tata's demise, CFOs remember the legacy
WEB1 day ago · Nitin Khanna, CFO of Chalet Hotels added, "The nation mourns the loss of a legend, an ethical leader, and a philanthropic entrepreneur whose influence went beyond business.He guided an Indian group to global prominence. Rest in peace, Sir." Nitin Parekh, Group CFO of Zydus Lifesciences, described Tata as "a man of vision, courage, …