[ad_1] BEIJING: China’s factory output and retail sales beat expectations in the January-February period, marking a solid start for 2024 and offering some relief to policymakers even as weakness in the property sector remains a drag on the economy and confidence. Monday’s data join recent better-than-expected exports and consumer inflation indicators, providing an early boost…
[ad_1] Japan loses the tag of world’s 3rd largest economy! Official data released on Thursday revealed that Japan, once expected to claim the title of the world’s largest economy, fell to fourth place behind Germany last year. However, projections indicate that India is poised to surpass both nations later in this decade to bag the…
[ad_1] MUMBAI: Indian corporates raised nearly Rs 9.6 lakh crore in 2023 through the issuance of corporate bonds – the highest-ever annual mobilisation from debt instruments. This was possible because of a surge in credit demand on the back of strong economic growth and constrained liquidity in the banking system, a report by Prime Database…
[ad_1] NEW DELHI: Foreign portfolio investors (FPIs) have injected over Rs 57,300 crore into the Indian equity markets this month so far owing to political stability, robust economic growth, and a steady decline in the US bond yields. With this, total investment by FPIs surpassed Rs 1.62 lakh crore this year. Going forward, the New…
[ad_1] Railway Minister Ashwini Vaishnaw has said that India can potentially save Rs 1.28 lakh crore annually in diesel costs by 2031 if it successfully transports an additional 1500 million tonnes of cargo through trains. Speaking at the 68th National Railways Awards, Vaishnaw stated that India’s economic growth is expected to result in an additional…
[ad_1] HYDERABAD: India’s ambition to march into `Amrit Kaal’ by 2047 is an important one but the current pace of growth is not enough to get us there as we will still remain a lower middle-income economy by then, former Reserve Bank of India (RBI) governor Raghuram Rajan said here on Saturday.Speaking at an interactive…