Indian Economy - Angel One - Page 451

India’s manufacturing growth decelerated to a 3-month low in May due to a heatwave, reducing working hours for some firms. However, overall factory activity remained strong, supported by robust international sales, according to a business survey released on June 03, 2024. Regional Heatwave Impact In May, certain northern and western regions of Asia’s third-largest economy …

Market Cap Surges: In a noteworthy turn of events, the combined market capitalization of all companies listed on the Bombay Stock Exchange (BSE) has witnessed a remarkable surge, soaring by 61% since the end of March 2023. This upsurge stands in stark contrast to the estimated 10% growth in India’s Gross Domestic Product (GDP) at …

The Reserve Bank of India (RBI) plays a crucial role in the economic framework of the country, including the distribution of dividends to the Central Government. This blog aims to delve into the intricacies of RBI’s dividend, shedding light on its significance, calculation, and implications.  What is RBI’s Dividend?  The dividend distributed by the RBI …

In recent quarters, companies reliant on metals as key raw materials have benefited from low input costs, driven by a downtrend in metal prices as compared to year 2022. Notably, steel and important metals such as copper and aluminium surged to record highs in early 2022 amidst the Russia-Ukraine war fears, leading to supply disruption …

The Reserve Bank of India’s (RBI) latest half-yearly report on foreign exchange reserves management reveals a strategic increase in gold holdings and a strengthening of the country’s overall foreign exchange reserves position. This article delves into the key data points, exploring the implications for India’s financial stability. Surge in Gold Holdings The report highlights a …

The dividend that the Reserve Bank of India (RBI) transfers to the Central government in FY25 will likely be in the same range as the last fiscal (FY24), The projected dividend for the Central Government from Public Sector Banks (PSBs) in FY2025 is anticipated to exceed the previous fiscal year’s dividend. This increase stems from …

Amidst the ongoing buzz of the 2024 general elections in India, let us look into the economic landscape of Telangana, the country’s youngest state, established in June 2014. Telangana is set to vote for all 17 Lok Sabha seats in a single phase on May 13, marking the fourth phase of the national polls. Telangana …

CRISIL, a credit rating company, reported that India’s domestic airlines are projected to boost their share of handling international passenger traffic originating from the country to 50% by FY2027-28, up from the approximately 43% recorded in March 2024. Indian airlines seem set to lead the improvement by increasing their fleet size, opening up new international …

The Reserve Bank of India (RBI) has instructed banks and non-banking financial companies (NBFCs) to promptly review their practices to guarantee fairness and transparency in the interest rates applied to customers. This directive follows the detection of various cases where loans were subject to excessive interest charges. The RBI highlighted in its circular that, during …

The secretary of mines  V. L. Kantha Rao informed on Monday that the auction of critical mineral blocks is gaining momentum. The government will put on sale around 20 critical mineral blocks in the fourth round of auction by the end of June. He further said that the process for seven blocks put on sale …