IMF retains growth projection for India at 6.5 pc for FY26, FY27
The International Monetary Fund (IMF) retained its growth projection for India at 6.5 per cent for FY26 and FY27, holding that it is “in line with potential.”
The International Monetary Fund (IMF) retained its growth projection for India at 6.5 per cent for FY26 and FY27, holding that it is “in line with potential.”
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revival plan for RINL for a total of Rs 11,440 crore.
At close, the Sensex was down 423.49 points or 0.55 per cent at 76,619.33, and the Nifty was down 108.60 points or 0.47 per cent at 23,203.20.
The Centre is taking pre-emptive and timely decisions to ensure price stability of various commodities in the interest of consumers and farmers. In fact, steps like incentivising domestic production, import, and export policies to ensure overall availability and affordability of essential food commodities are being taken up.
LTIMindtree posted a 7.1 per cent year-on-year increase in revenue to Rs 9,661 crore but the company's net profit fell during the October-December quarter of the current financial year amid rising expenses.
The company’s revenue was adversely impacted by the flood of cheap Chinese imports which led to a decline in steel prices.
At close, the Sensex was down 55.47 points or 0.07 per cent at 79,486.32, and the Nifty was down 51.15 points or 0.21 per cent at 24,148.20 .Equities ignored positive global markets after the US Federal Reserve cut its benchmark lending rate by a quarter percentage point.
The Food Safety and Standards Authority of India (FSSAI) has directed the States and Union Territories to ramp up surveillance at popular tourist destinations to ensure heightened safety standards in preparation for the peak tourist season from November through March.
State Bank of India (SBI) on Friday reported 28 per cent spike in net profit at Rs 18,331 crore for the quarter ended September 30, 2024. In the year ago period, it reported net profit of Rs 14,330 crore. On a sequential basis, SBI's Q2 profit rose 7.6 per cent from Rs 17,035.16 crore.
He said the pilot run was completed on 29-30 October with the disbursement of the pension of about Rs 11 crore for October 2024 to more than 49,000 EPS pensioners of Jammu, Srinagar, and Karnal regions.
