India

Indian market is an “exception”, growing steadily when demand for premium vehicles slowing down in developed countries: Jean-Philippe Parain, Senior Vice President, BMW Group

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Indian market is an “exception”, growing steadily when demand for premium vehicles slowing down in developed countries: Jean-Philippe Parain, Senior Vice President, BMW Group

The Indian market is an “exception”, growing steadily and sustainably at a time when demand for premium vehicles in several developed countries like China, Japan and Korea have started slowing down amid weak customer sentiments, Jean-Philippe Parain, Senior Vice President, Region Asia-Pacific, Eastern Europe, Middle East and Africa, BMW Group said. Parain, along with Markus … Read more

India ‘clearly has a problem’ finding new drivers for economic growth

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India ‘clearly has a problem’ finding new drivers for economic growth

The Imperial Towers twin towers residential skyscrapers and business district development in Tardeo South Mumbai, India. Tim Graham | Getty Images India “clearly has a problem” figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan’s Jahangir Aziz said, following the country’s union budget.  “If you look … Read more

Tax tension drags Sensex down 600 points but retail investors keep partying. Should you tweak strategy?

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Tax tension drags Sensex down 600 points but retail investors keep partying. Should you tweak strategy?

Even as banks and other financial stocks dragged Sensex and Nifty down following a hike in capital gains tax in Budget, smallcaps and midcaps continued to rally as if nothing changed in the Finance Bill. Sensex was down around 600 points as heavyweights HDFC Bank, ICICI Bank, Axis Bank and Bajaj twins led the downside … Read more

Modi’s government pledges spending on jobs but fiscal prudence

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Modi’s government pledges spending on jobs but fiscal prudence

Nirmala Sitharaman, India’s finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024.  Bloomberg | Bloomberg | Getty Images India’s government promised spending on job creation but also called for fiscal prudence as it announced its financial budget on Tuesday — the first since nationwide … Read more

ET Budget Survey: 50% say unemployment is top challenge for India

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ET Budget Survey: 50% say unemployment is top challenge for India

India has set eyes to become the third largest economy by 2030 while its Viksit Bharat vision is to make the country a developed nation by 2047. However, unemployment continues to be a major headache for the country even as it grew 8.2 per cent in FY24 and has managed to grow at an average … Read more

How will India spend its billions?

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How will India spend its billions?

New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images) The India Today Group | The India Today Group | Getty Images This report … Read more

tyres: DPIIT steps led to investment commitments of over Rs 1100 cr from global tyre makers

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tyres: DPIIT steps led to investment commitments of over Rs 1100 cr from global tyre makers

Leading global tyre makers such as Bridgestone, Michelin and Goodyear have committed investments worth over Rs 1,100 crore in India after the DPIIT temporarily allowed them to import certain tyres to the country, an official said. The official said that the import restrictions on ‘New Pneumatic Tyres’ were relaxed for certain global players that were … Read more

Block trades led by global firms reach record $15 billion

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Block trades led by global firms reach record billion

International companies are seizing on the strength of India’s stock market to offload stakes in local subsidiaries to investors wanting to get in on the action. About $15 billion has been raised in secondary sales or block trades in India this year, a more than 150% surge from the same period in 2023, data compiled … Read more

What are the best hotels in Jaipur? The city has a new Raffles hotel

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What are the best hotels in Jaipur? The city has a new Raffles hotel

The iconic Raffles hotel brand announced the opening of Raffles Jaipur on July 8 — the second to open in the Indian subcontinent.  The first, Raffles Udaipur, opened in 2021. Both hotels are in Rajasthan, a northwestern Indian state known for its stunning forts and historical palaces, like the Hawa Mahal. Jaipur, the capital city … Read more

IMF raises India economic outlook, U.S. and global growth lackluster

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IMF raises India economic outlook, U.S. and global growth lackluster

The IMF said it is optimistic on Chinese consumption returning in the next few years, but falling birth rates will still cause an economic down. Martin Puddy | Photodisc | Getty Images The International Monetary Fund has upgraded its economic forecast for India for 2024, while warning that growth will dip in the following year. … Read more