For the month of October, India's gems and jewellery exports grew by 9.18 per cent to USD 2,998.04 million (Rs 25,194.41 crore) due to revival in demand for cut and polished diamond, the Gem and Jewellery Export Promotion Council (GJEPC) said.
In the second quarter of 2024, India’s real GDP expanded 6.7% year-over-year, fueled by a resurgence in household consumption, increased investment, and solid manufacturing activity.
The spike is riding on the back of renewed investor confidence, strong homeownership sentiments, large-scale infrastructure development and rising cost of land and construction.
US aerospace giant Boeing has announced that it is issuing layoff notices, starting this week, to workers as part of the debt-ridden planemaker’s drastic plan to cut 17,000 jobs which works out to 10 per cent of its staff worldwide.
The government on Thursday informed that more than 40 crore gold jewellery items have been hallmarked to date -- over 4 lakh gold items being hallmarked per day.
Elon Musk told Twitter CEO Parag Agrawal recently that he does not want to be a boss, to which Agrawal replied that the Tesla CEO should also treat him like an engineer instead of a CEO.
As expected earlier, the Reserve Bank of India's Monetary Policy Committee (MPC) in a 5:1 decision increased the repo rate by 50 basis points to 5.90 on Friday. The RBI Governor Shaktikanta Das, heading the MPC, announced the hike to subdue the inflation.
India's current account deficit (CAD) widened to $23.9 billion or 2.8 per cent of the country's gross domestic product (GDP) in the April-June period of the current financial year from $13.4 billion recorded in the previous quarter, as per data released by the Reserve Bank of India (RBI) on Thursday.
Indian markets on Friday were volatile and in negative territory during the morning trade. At 9.25 IST, the 30-share Sensex fell 0.33 per cent to 56,224 while the Nifty was down 0.31 per cent to 16,786, as market participants track global cues and wait for RBI announcements.
They will also spend a total of about ¥340 billion to acquire power generation and transmission facilities within the mills — which are essential for steel production — from local companies as well as three port facilities in India.
