Govt may outperform fiscal target at 4.8 per cent of GDP in FY’25 on lower capex, say foreign banks’ economists
Ahead of budget 2025-26, Foreign banks, brokerages and consultancies expect the government to likely outperform on its FY25 fiscal consolidation target, closing the year at 4.8 per cent of GDP versus 4.9 per cent budgeted for the current fiscal. The main reason for the outperformance could be weaker than budgeted public
India, US sign MoU for cooperation in cyber crime investigations
India and the US have signed an agreement to enhance cooperation in cybercrime investigations, per the Ministry of External Affairs. The Memorandum of Understanding (MoU) on cyber crime investigations will allow the respective agencies of the two countries to step up cooperation and training on use of cyber threat intelligence
Bharat Mobility Global Expo 2025: Day 2 unveils exciting future mobility innovations from Hyundai, VinFast, BYD
The second day of Bharat Mobility Global Expo 2025 kicked off with some exciting unveiling of future mobility that would change the perception of electric vehicles (EVs) in personal ownership, and public transportation. The day started with the launch of two EVs — VF 7 and VF 6 — from
How macroeconomic indicators performed in December 2024?, ETCFO
State of the Indian Economy: December 2024 By Samriddhi Singh Mahar & Siddhi NawarThe International Monetary Fund (IMF) projects India to become the fourth-largest global economy by 2025, surpassing Japan with a nominal GDP of USD 4,340 billion. The end of the year has been eventful for the Indian economy,
10-minute delivery is boosting Indian economy’s ‘brightening spot’, highlights RBI, ETCFO
Quick Commerce: Image for representation Private final consumption is proving to be a key bright spot in India’s economic recovery, with e-commerce and quick commerce (q-commerce) playing a significant role, the Reserve Bank of India (RBI) stated in its recent bulletin. Calling consumption a “brightening spot”, the central bank emphasised
CCI slaps ₹40 lakh fine on Goldman Sachs for failure to notify investment in Biocon Biologics
The Competition Commission of India (CCI) has imposed a ₹40 lakh penalty on Goldman Sachs (India) Alternative Investment Management Private Limited (GS AIMPL) for failing to notify its investment in Biocon Biologics Limited (Biocon) under the Competition Act, 2002. The regulator found that Goldman Sachs’ acquisition of optionally convertible debentures
India’s economic growth poised to rebound as demand picks up: RBI bulletin, ETCFO
Mumbai, Jan 18 (IANS) India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience in consumption, supported by brighter agricultural prospects,” according to the RBI’s monthly bulletin for January. Mumbai, India’s economic growth is poised to rebound as domestic demand regains strength reflecting a resilience
Electric vehicle sales in India crossed 14.08 lakh units in 2024: Kumaraswamy
Electric vehicle sales in India crossed 14.08 lakh units in 2024, achieving a market penetration rate of 5.59 per cent, up from 4.44 per cent in the previous year, Union Minister H D Kumaraswamy said on Saturday. The minister asserted that the upward trend in EV adoption underscores the growing
Dropping degree requirements, 30 per cent of Indian employers looking to shift to skills-based hiring: WEF
In a transformative shift, around 30 per cent of Indian employers are looking to adopt skills-based hiring practices by removing degree requirements, a significant increase compared to the global figure of 19 per cent, said World Economic Forum (WEF) in its Jobs Report 2025. The evolving landscape in India reflects
Fog disrupts flight, train services in Delhi; AQI improves
A layer of fog enveloped Delhi on Saturday morning, reducing visibility and disrupting traffic movement. Other parts of North India also witnessed dense fog condition this morning. Due to fog, train and flight services disrupted in the national capital with some flights, and several trains being delayed at Indira Gandhi