t, Indian business could create economic value worth $9.82 trillion. (AI image) India’s economy could grow leaps and bounds in the coming years, estimates PwC India in a new report. The analysis projects India’s total GVA to increase from $3.39 trillion in 2023 to $9.82 trillion in 2035, representing a CAGR of 9.27%.GVA or Gross…
Brics nations on Sunday jointly called on advanced economies, global financial institutions and the private sector to provide “substantial” climate finance for developing countries, asserting the need for predictable, equitable, and affordable funding to meet the goals of the Paris Agreement and the UNFCCC.In a joint statement released after the meeting of Finance Ministers and…
Gold prices are likely to witness sharp fluctuations in the coming week as investors brace for key global triggers, including the US Federal Reserve’s policy signals, the July 9 deadline on suspended US tariffs, and crucial economic data releases, analysts said.“Traders are expected to stay cautious ahead of any major policy cues or geopolitical developments,…
Adani Enterprises Ltd (AEL), the flagship company of the Gautam Adani-led conglomerate, has announced a public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs) worth up to Rs 1,000 crore, offering yields of up to 9.3% per annum.The NCD issue, which opens for subscription on July 9 and closes on July 22, marks AEL’s…
India’s largest trading partner since 2021-22 has been the United States. (AI image) India-US trade deal: Ahead of US President Donald Trump’s July 9 tariff deadline, India has drawn the red lines on a mini trade deal. According to Indian officials, the decision on the mini or interim trade deal now rests with America.Sources told…
ITR filing FY 2024-25: It is common for new filers to assume that ITR-1 applies to everyone with salary income. (AI image) ITR filing FY 2024-25: Filing an income tax return for the first time is an important financial milestone. While digital tools have made compliance more convenient, many first-time filers still fall into avoidable…
Top stocks to buy (AI image) Stock market recommendations: According to Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities, Chennai Petroleum Corporation, and KPR Mill are the top stock picks for the upcoming week. Here’s his view on Nifty, Bank Nifty and the top stock picks with a 3-month horizon:Index View: NiftyThe benchmark…
Borosil Renewables has moved to exit its German solar glass business, with its step-down subsidiary GMB Glasmanufaktur Brandenburg GmbH filing for insolvency, as the company shifts focus to the fast-growing Indian solar glass market.In a regulatory filing, Borosil said GMB has applied for the commencement of insolvency proceedings before the Insolvency Court in Cottbus, Germany,…
This is an AI-generated image, used for representational purposes only. India’s electronics manufacturing industry is grappling with mounting pressure as recent restrictions on gold compound imports have compounded the sector’s ongoing struggle with China’s export curbs on rare earth magnets. As per news agency PTI, industry groups have warned that the dual hit could disrupt…
China on Sunday imposed a retaliatory ban on European companies bidding for large-scale medical equipment contracts, intensifying a simmering trade dispute with the European Union. The move comes just days after the EU restricted Chinese firms from participating in government medical device procurements over €5 million, citing Beijing’s long-standing exclusion of European products from its…
