Never miss a headline with our Weekly News Update!

  • RBI maintained status quo on the bank rates and kept the repo rate steady at 6.5%. RBI has projected GDP growth rates at 7% for FY25 and inflation target is 4.5%. So, things are looking good as of now. Indian economy can easily grow at 7.5-8% GDP in 24-25. The data does not take into consideration additional activity due to PLI schemes.
  • Foreign brokers allowed to operate remotely at the GIFT IFSC.
  • UPI transaction cross 100 billion mark in FY24.
  • RBI reverts to multiple price auctions for government securities after 3 years.
  • Russian, Venezuelan flows stronger as cheaper crude evades US sanctions.
  • India’s defence exports jumped to 21000 crores in 23-24, a jump of about 32.5%.
  • Nitin Gadkari’s dream is to rid India of the diesel petrol vehicles in the longer time frame so that import bill gets drastically cut.
  • IOC has signed a binding agreement with Panasonic to manufacture Lithium Ion batteries in India.
  • India’s March oil imports from Russia up by about 7%. India is deploying a proactive approach in oil procuring.
  • Ultratech Cement to invest Rs 32400 crores in the next three years.
  • Tesla India EV plans gain momentum. Company to scout for factory sites soon.
  • Voda Idea will raise Rs 20000 crores via rights issue or so.
  • US takes crucial steps to cut tourist visa waits.
  • Blackstone to invest $2 billion yearly in India.
  • India has given over $1 billion to the private firms under PLI scheme.
  • Tesla begins making cars in Germany for exports to India this year.
  • RBI delays implementing rules on exchange traded derivatives till May 3.

Leave a Reply

Your email address will not be published. Required fields are marked *