The Indian pharmaceutical exports ranked 11th globally in value terms in the year 2023 and accounted for 3% of the total pharmaceutical exports, said Bain and Company in a research report.
At close, the Sensex was down 12.85 points or 0.02% at 74,102.32, and the Nifty was up 37.60 points or 0.17% at 22,497.90.
“Airtel and SpaceX will explore offering Starlink equipment in Airtel’s retail stores, Starlink services via Airtel to business customers, opportunities to connect communities, schools, and health centers, among many others, in even the most rural parts of India,” Bharti Airtel stated.
The import of Coal from April to December 2024 fell by 8.4 per cent, totalling 183.42 million tonnes (MT), according to the Coal Ministry statement on Tuesday. This is a fall as compared to 200.19 MT in the same period of the previous fiscal.
Analysts at Morgan Stanley expect the Sensex to hit the 105,000 mark by December 2025 as their bull-case scenario for the index.
A recent report by housing brokerage firm, Anarock, said the housing sales are estimated to fall 4 per cent this year in seven major cities to nearly 4.6 lakh units on lower launches.
India is projected to witness 6.5 per cent real GDP growth in the current and next fiscal (FY25 and FY26), according to a report on Wednesday, which is in line with the expectation amid a resilient economy and strong fundamentals.
India recorded 18.89 million international tourist arrivals in 2023 as foreign exchange earnings (FEEs) through tourism last year surged to Rs 231,927 crore, the government said on Wednesday.
This was compared to 6.7 per cent in the preceding quarter. This was primarily because two domestic demand components — private final consumption expenditure and gross fixed capital formation — together accounted for a fall of 1.5 percentage points, the report said.
The Employees' Provident Fund Organisation (EPFO) has released provisional payroll data for October 2024, revealing a net addition of 13.41 lakh members which signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by EPFO’s effective outreach initiatives.
