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.
Though we believe this is a temporary impasse only and the narrative might change completely in Q3FY25 onwards, they said.
At the close, the Sensex was up 901.50 points, or 1.13%, at 80,378.13, and the Nifty was up 270.75 points, or 1.12%, at 24,484.
The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved infusion of equity of Rs 10,700 crore for working capital in financial year 2024-25 in the Food Corporation of India (FCI).
This allocation by the Union Government aims to support the development and maintenance of essential services in these regions.
Speaking at a media event, the Governor assured that the RBI is prepared to act with strength and agility, likening the Indian economy to a tiger for its resilience amid fluctuating global conditions.
