Services exports at around $618 billion are expected to outpace merchandise exports by FY30. Within services, information technology and IT-enabled services (ITeS) may take a backseat, according to a report. Between 2018-19 and 2023-24, goods exports witnessed a compounded annual growth rate (CAGR) of 5.8 %, while services exports grew at 10.5 %. Also ReadUnderstanding
Average residential prices in top seven cities of the country have gone up 23% in first half of the current financial year as compared to the corresponding period of previous financial year, said a report on Wednesday. The average residential price in top seven cities in H1FY25 stood at Rs 1.23 crore as compared to
– By Saurabh Arora Few countries have digitalized as rapidly and to as great an extent as India over the past five years. The vision of ‘Digital India’ has been achieved on several important fronts and is gaining momentum on many others, aided by a strong government push; private sector participation; rising disposable incomes; widespread
Datta Power Infra on Wednesday signed a Memorandum of Understanding (MOU) for a Rs 5000 crore investment in Rajasthan’s renewable energy infrastructure, at the Rising Rajasthan 2024 event. Varchasvi Gagal, CEO & Managing Director, said, “At Datta Infra, we are not just investing in renewable energy; we are investing in a sustainable future for Rajasthan
India and the United Kingdom are poised to resume talks for their proposed Free Trade Agreement (FTA) in early 2025. This follows an announcement by British Prime Minister Keir Starmer after a bilateral meeting with Indian Prime Minister Narendra Modi at the G20 Summit in Brazil. The resumption of trade discussions comes after a pause
Earnings growth is expected to moderate to 12-14 per cent CAGR over FY24-26 with some interim but short-lived slowdown as currently witnessed in the second quarter of FY25, stated a report by Alpha Strategist Report from Motilal Oswal Private Wealth (MOPW). During October, most of the emerging markets have emerged FII outflows amid uncertainty around
Godrej Properties on Wednesday announced that it has acquired an approximately 53 acre land parcel in Joka, Kolkata, with an estimated development potential of around 1.3 million square feet of saleable area. This will comprise primarily residential plotted development with an estimated revenue potential of around Rs 500 crore. The land is strategically located in
Leveraging the growing tourism boom, the Tata Group-controlled Indian Hotels Company (IHCL) is set to double its hotel inventory, launch new brands, and invest Rs 5,000 crore over the next five years. IHCL currently controls 12-13% of the branded hotel room inventory in the country, a figure expected to rise to 23% by 2030. From
Telecom major Bharti Airtel announced that it has transferred 69.94 per cent shareholding in Airtel Payments Bank to its wholly owned subsidiary, Airtel Limited as part of an internal re-organisation of shareholding. In a regulatory filing, the company said, “This is to inform you that the shareholding of 69.94%, held by Bharti Airtel Limited (the
The rough ride for the IndusInd Bank share price continues. After the almost 27% cut on March 11, the stock has opened down another 7%. However it soon recovered some loses and is hovering near the 52-week lows. The stock is now down 31% so far in 2025 and has wiped out close to Rs
It’s raining orders for RVNL. The share price of RVNL rose 3.4% to the day’s high of Rs 342 after the company bagged Rs 554.64 crore contract from NHAI. The total period to execute the order is 730 days or a little over 2 years. “It is hereby informed that Rail Vikas Nigam emerges as
The state-owned NMDC is back with more good news. The country’s largest iron ore producer is set to announce its first interim dividend for FY25, adding to its history of shareholder friendly moves. Here are five key things to know: Dividend announcement date set NMDC has scheduled a board meeting on March 17, 2025, to
Diversification, being one of the fundamental tenets of investing, is often a top priority when investing in mutual funds. The primary objective is to minimise the risk during volatile market conditions and earn better risk-adjusted returns in the long run. However, does merely holding multiple mutual fund schemes guarantee effective diversification? Many investors, in the
