Indian Equity Indices Close Higher Following US Fed Rate Cut
Among sectoral indices, Auto, financial services, FMCG, real estate, and private banks were major gainers. In contrast, IT, PSU banks, pharma, metals, media, and energy sectors lagged.
Analysts Welcome US Fed Rate Cut As Global Economic Focus Shifts To India
Experts predict that the US rate cut will encourage central banks in other countries to consider similar actions
Federal Reserve Cuts Interest Rates By Half A Percentage Point For First Time Since 2020
Fed Chair Jerome Powell emphasized that the decision reflects confidence in maintaining labor market strength amid moderate growth
India Sees 5.35% Growth In Exports At $328.86 Billion In April-August
In August, India’s total exports, including merchandise and services, amounted to $65.40 billion. Merchandise exports for the month were $34.71 billion, down from $38.28 billion in August 2023
GST Cut On Health Insurance Premium Deferred, Cancer Drugs To Become Cheaper
The GST on cancer drugs will decrease from 12% to 5%, and the tax on namkeens (selected snacks) will be reduced from 18% to 12%.
GST Collections Rise 10% Year-on-Year In August To Rs 1.75 Lakh Crore
Domestic transactions contributed significantly, with gross GST revenues from these transactions growing by 9.2% to about Rs 1.25 lakh crore. Revenues from imports also saw a rise of 12.1%, reaching Rs 49,976 crore
Karan Adani Unveils ₹3,500 Crore Investment Plan For Madhya Pradesh At Gwalior Conclave
The Adani Group has announced plans for major facilities: a cement factory in Guna, a defence system factory in Shivpuri, and a women-operated jacket factory in Badarwas
India’s MRO Aviation Business To Double in Size to $4 billion, Says Civil Aviation Minister
The minister stated that the government aims to not only meet the needs of Indian airlines but also attract international carriers to use India's MRO services
Taxpayer Statistics: Comparing Populations And Taxpayers in India, America, Britain, And France
Taxpayers in India constitute only 2.2% of the voting population, more than 50% of voters in the US are taxpayers. Similarly, 59.7% of voters in the UK, 61.3% in Germany, and 78.3% in France are taxpayers
Adani Green Energy Q1 Results: Profit Surges 32% to Rs 1,390 Crore, Revenue Up 24%
The company's total revenue grew by 24% to ₹2,528 crore, driven mainly by the addition of 2,618 MW of capacity over the past year
