India’s GDP to grow at 11% this fiscal, says ADB
The Hindu
The Asian Development Bank cautioned that the surge in COVID-19 cases may put India’s economic recovery at risk.
The Indian economy is projected to grow at 11% in the current financial year amid , said ADB on Wednesday, while cautioning that the may put the country’s economic recovery at “risk”. “India’s economy is expected to grow 11% in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive,” ADB said in its flagship Asian Development Outlook (ADO) 2021 released on Wednesday. However, the Asian Development Bank (ADB) cautioned that the surge in COVID-19 cases may put the country’s economic recovery at risk.
Rupee recovers 2 paise to close at 90.16 against the dollar amid improved market sentiment and trade deal discussions.
Maruti Suzuki approves ₹35,000 crore second plant in Gujarat, aiming for 10 lakh units annually by FY29.
Gold and silver futures soar to record highs amid U.S. Fed probe and escalating geopolitical tensions, driving investors to safe havens.
OpenAI and SoftBank Group will invest $500 million each in SB Energy to expand data centre and power infrastructure for their Stargate initiative
Sensex drops 455 points amid foreign fund outflows and trade concerns, reflecting a cautious market sentiment.
Elon Musk’s X Corp sued 18 major music publishers and a leading U.S. music industry trade association on Friday
Four banks, Bank of Baroda, RBL Bank, Yes Bank, and State Bank of India, challenge RBI's decision to disclose NPAs and defaulters' list under RTI, citing potential harm to commercial interests.
Adani Group plans a ₹1.5 lakh crore investment in Kutch, focusing on renewable energy, ports, and logistics over five years.
Mukesh Ambani announces ₹7 lakh crore investment in Gujarat, emphasizing clean energy, AI, and support for Olympic ambitions.
India mandates selfies and 'penny drop' for crypto KYC, discouraging ICOs and ensuring strict anti-money laundering measures.
Mukesh Ambani announces ₹7 lakh crore investment in Gujarat, emphasizing clean energy, AI, and support for Olympic ambitions.
The All India Cashew Association calls for urgent action against illegal cashew imports threatening India's domestic processing industry.
Moody’s upgrades Shriram Finance’s outlook to positive, citing strategic benefits from MUFG Bank's upcoming investment and improved financial stability.