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.
Two wheeler (2W) sales increased 36 per cent and passenger vehicle (PV) 32 per cent in October.Three-wheeler sales were up 11 per cent, commercial vehicles 6 per cent and tractors 3 per cent. Overall retail sales increased 64 per cent compared to September.
India is a strong economy -- on its way to becoming the third-largest one in the world -- and the US election results may affect foreign inflows in the short term but it will not have any long-term impact for the country's benchmark indices, industry and market experts said on Tuesday.
The country's largest IPO, Hyundai Motor India, has disappointed investors to date.
"Foodgrain production witnessed a record increase due to good production of rice, jowar, and maize," an official statement said.
Government-owned gas giant GAIL (India) Ltd reported revenue from operations of Rs 66,622 crore for the April–September period of the current financial year as compared to Rs 64,050 crore in the same period of 2023-24.
