30/09/2024
- The inflation is quite low now and trending lower. The interest rates are at a peak and may fall after six months or so. That will further help in rerating the markets as valuations rise further. Stupendous growth due to various PLI schemes will start from 2024.
- April May fiscal deficit touches about 11.8% of the full year target.
- Core sector growth slows down to 4.3% in May.
- Now Chinese electronics component makers look to form Jvs with Indian players. If they do, India could benefit from it.
- The Centre on Tuesday will review its ambitious production-linked incentive (PLI) scheme to sort out teething issues faced by beneficiaries of the scheme, and the focus will mainly be on sectors where the progress has been slower-than expected. Commerce and Industry Minister Shri Piyush Goyal will hold the first-of-its kind review meeting that will see officials from all the ministries responsible for rolling out the PLI scheme. The meeting will also see participation from the beneficiaries or the companies participating in the scheme.
- Centre aims to raise Rs 45000 crores through road monetisation in FY24.
- Tata Consultancy Services (TCS) announced that it has entered into a strategic partnership with Standard Life International DAC (SLIDAC), a wholly-owned subsidiary of the Phoenix Group, to transform its operating model and enhance the customer experience for its policyholders in Europe, using the TCS Digital Platform for Life and Pensions. The financial details and tenure of the deal were not disclosed.
- Centre approves Rs 56415 crores to 16 states for Capital investment.
- India’s Oil Ministry and French Oil and Gas major TOTAL held deliberations on restarting the much awaited $20 billion LNG project in Mozambique.
- S&P cuts China’s GDP forecast to 5.2%. India’s FY24 growth rate pegged at 6%.
- Vedanta Foxconn resubmit application to set up semiconductor plant.
- Adani Total Gas to build 1800 CNG stations.