New Delhi: India will become the world’s third-largest economy by 2030, S&P Global Ratings said on Tuesday as it forecast the nation’s GDP growth reaching 7 per cent in the 2026-27 fiscal year. In its Global Credit Outlook 2024, S&P saw a 6.4 per cent GDP growth in the fiscal year through March 2024 (2023-24)…
New Delhi: State-controlled Oil and Natural Gas Corporation (ONGC) will in May next year start commercial production of crude oil from its much-delayed flagship deepsea project in Krishna Godavari basin, the Rajya Sabha was informed on Monday. In a written reply to a question, Minister of State for Petroleum and Natural Gas Rameswar Teli said ONGC’s…
Hyderabad: The Congress was on its way to achieve the magic mark of 60 seats on Sunday to form the first non-BRS government in Telangana, with the southern solace coming in the midst of a saffron sweep of the Hindi heartland where BJP wrested two states from its rival and retained one. Telangana becomes the second…
New Delhi: Equity markets will respond positively to the BJP’s big wins in Madhya Pradesh, Rajasthan and Chhattisgarh assembly polls, as a stable political environment could further boost investors’ confidence and drive stocks higher, analysts said. Besides the state elections outcome, global trends, trading activity of foreign investors, and RBI’s interest rate decision are the other…
Ayodhya: The construction work of the first phase of the Maryada Purushottam Shri Ram International Airport being built in Ayodhya will be completed by December 15, said Uttar Pradesh Chief Minister Yogi Adityanath on Saturday. Adityanath said this after inspecting the construction work at the international airport being built here. Union Civil Aviation Minister Jyotiraditya Scindia…
Mumbai: India’s foreign exchange reserves increased USD 2.538 billion to USD 597.935 billion for the week ended November 24, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had jumped USD 5.077 billion to USD 595.397 billion. For the week ended November 24, the foreign currency assets, a major component of…
New Delhi: Prime Minister Narendra Modi has called for ensuring requisite climate financing and technological transfer to developing countries, asserting that it must be recognised that they have not contributed in creating the climate problem but are still willing to be a part of the solution. In Dubai to attend the COP28 meeting, Modi told…
New Delhi: India retained the tag of the world’s fastest-growing major economy, with its GDP expanding by a faster-than-expected rate of 7.6 per cent in the July-September quarter on booster shots from government spending and manufacturing. Gross domestic product, or GDP, growth of 7.6 per cent beat most estimates, including 6.5 per cent projected by…
New Delhi: The government’s fiscal deficit at the end of October stood at Rs 8.03 lakh crore or 45 per cent of the full-year budget estimate, according to data released by the Controller General of Accounts (CGA) on Thursday. In actual terms, the fiscal deficit — the difference between expenditure and revenue — was at Rs…
New Delhi: The combined market valuation of all listed companies on the leading stock exchange BSE reached the USD 4-trillion milestone for the first time ever on Wednesday. The 30-share BSE Sensex climbed 305.44 points to 66,479.64 in early trade after beginning the day on a positive note. Thanks to the optimism in equities, the market…
