Fitch raises India’s FY24-25 growth forecast to 7.2 per cent

Fitch raises India’s FY24-25 growth forecast to 7.2 per cent

Wednesday, 19 June 2024 | PTI | New Delhi

Fitch Ratings on Tuesday raised India’s growth forecast for the current fiscal to 7.2 per cent, from 7 per cent projected in March, saying elevated consumer confidence will drive spending, besides increased investments. In June update to its global economic outlook report, Fitch said it expects inflation to decline to 4.5...

RBI cancels licence of Purvanchal Co-op Bank, Ghazipur

Tuesday, 18 June 2024 | PTI | Mumbai

The Reserve Bank has cancelled the licence of Purvanchal Co-operative Bank, Ghazipur, Uttar Pradesh as it does not have adequate capital and earning prospects. The Commissioner for Cooperation and Registrar of Cooperative Societies, Uttar Pradesh has also been asked to issue an order for winding up the bank and appoint a...

SBI expects 14-15 per cent credit growth in current fiscal: Chairman

Tuesday, 18 June 2024 | PTI | New Delhi

Given the current economic growth rate, SBI is expecting 14-15 per cent loan growth during the fiscal year 2024-25, the bank’s chairman Dinesh Kumar Khara said. “Normally the way we look at it is that the GDP growth rate plus inflation and 2-3 per cent over that. That gives us the...

Extreme heat melts diesel demand, sales drop 4 per cent in June

Tuesday, 18 June 2024 | PTI | New Delhi

India’s diesel demand slumped in June as extreme heat conditions in parts of the country curtailed travel, preliminary data of state-owned firms showed on Monday. Fuel sales, which traditionally surge during elections, have defied the trend this year, falling month after month. And the decline has now extended even after the end...

SBI expects 14-15 pc credit growth in current fiscal: Chairman Khara

SBI expects 14-15 pc credit growth in current fiscal: Chairman Khara

Monday, 17 June 2024 | PTI | New Delhi

Given the current economic growth rate, SBI is expecting 14-15 per cent loan growth during the fiscal year 2024-25, the bank's chairman Dinesh Kumar Khara said. "Normally the way we look at it is that the GDP growth rate plus inflation and 2-3 per cent over that. That gives us the...

Extreme heat melts diesel demand, sales drop 4 pc in June

Extreme heat melts diesel demand, sales drop 4 pc in June

Monday, 17 June 2024 | PTI | New Delhi

India's diesel demand slumped in June as extreme heat conditions in parts of the country curtailed travel, preliminary data of state-owned firms showed on Monday. Fuel sales, which traditionally surge during elections, have defied the trend this year, falling month after month. And the decline has now extended even after the end...

Essar to invest Rs 30,000 crore in green hydrogen plant in Gujarat

Essar to invest Rs 30,000 crore in green hydrogen plant in Gujarat

Monday, 17 June 2024 | PTI | New Delhi

Essar Group plans to invest Rs 30,000 crore over the next four years in setting up a green hydrogen plant at Jamnagar in Gujarat as the metals-to-infrastructure conglomerate eyes clean energy as a key pillar for its new phase of growth. The conglomerate is looking to decarbonise its oil refinery in...

PwC India expects upswing in small, mid-size M&A transactions

Monday, 17 June 2024 | PTI | New Delhi

PwC India anticipates an upswing in the India markets, especially in small to mid-size M&A (merger and acquisition) transactions and growth fundings driven by increasing investors’ confidence. The year 2023 witnessed the emergence of a nuanced M&A landscape, with investors showing interests in diverse strategies and larger-scale ventures, even amid an...

State Editions

Ask Haryana to release city’s water share: AAP to LG

24 June 2024 | Staff Reporter | Delhi

Atishi vows to continue protest till water released

24 June 2024 | Staff Reporter | Delhi

BJP calls Minister’s hunger strike drama, shameful

24 June 2024 | Staff Reporter | Delhi

Surge in stop line violations on Capital roads

24 June 2024 | Staff Reporter | Delhi

13-year-old held for hoax bomb threat

24 June 2024 | Staff Reporter | Delhi

Sunday Edition

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Dakshin Yatra Flavours of South

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A Beacon of Sanatana Dharma in the Modern World

23 June 2024 | SAKSHI PRIYA | Agenda

An Immersive Journey Through Indigenous Australian Culture

23 June 2024 | SAKSHI PRIYA | Agenda