UPSC News | Economy

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Economy

  • Industry News, Company News, Manufacturing News, Service Sector | The Hindu
  • Economy news, Latest Economic News, GDP, World Economy, Indian Economy | The Hindu
  • India’s National Fortnightly Magazine
LTIMindtree Q4 net dips 1.2% to ₹1,100.7 crore; company hopeful of returning to growth in Q1 FY25

The Q4 report card was impacted by slower ramp-ups and weak showing in the banking and financial services space. [...]

JP Morgan CEO praises Modi, says he ‘took 400 million people out of poverty’

He also called PM Modi “tough” for breaking old bureaucratic systems [...]

Indian IT sector staring at second straight year of muted revenue growth: Crisil

IT service companies pulled back on the addition of fresh talent, resulting in headcount reductions by 4% in 2023 by the top 12 companies [...]

RBI imposes business curbs on Kotak Bank for IT infra deficiency

The bank has been barred from onboarding new customers through online, mobile banking channels, issuing fresh credit cards [...]

Mahindra Finance detects about ₹150 crore fraud in loan portfolio, defers FY-24 financial results till May 30

In a regulatory filing, the company said a the board meeting to consider financial statements, results and dividend for the period ended March 2024 is re-scheduled and will be held on May 30, 2024 [...]

Dr. Reddy’s recalls Sapropterin Dihydrochloride oral solution powder in U.S. due to ‘sub potency’

The issue was discovered during an accelerated stability test in addition to customer complaints. [...]

Vodafone Idea approves offer price of ₹11 per equity share for ₹18,000 cr-FPO

Vodafone Idea’s board approves FPO offer price at ₹11 per share, raising ₹18,000 crore for debt-laden telecom operator [...]

Ban on MDH, Everest masala | India seeks details from food regulators of Singapore, Hong Kong

The commerce ministry has also directed Indian embassies in both Singapore and Hong Kong to send a detailed report on the matter. [...]

SEBI said to find Adani offshore investors in violation of disclosure rules

SEBI found a several offshore funds invested in Adani Group companies violated disclosure rules and in breach of investment limits [...]

Extreme weather may pose risk to inflation, says RBI Bulletin

The retail based on the Consumer Price Index (CPI) has eased to 4.9% in March after averaging 5.1% in the preceding two months [...]

Combined manufacturing, services output rose at the fastest pace in nearly 14 years: Flash PMI data

Export orders reckoned to have clocked their highest uptick in 115 months, while combined output growth in surveyed Manufacturing and Services firms hit a ‘nearly’ 14-year high [...]

Only an INDIA bloc government can offer inclusive economic growth, says Congress

The party claims PM Modi’s opposition to welfare schemes displays his ‘anti-poor’ mindset [...]

Pakistan hopes to get new IMF loan by early July: Finance Minister

Pakistan's current $3 billion arrangement with the IMF runs out in late-April [...]

U.S. consumers on lower incomes face loan stress while banks pull back

U.S. borrowers on lower incomes struggle with loan payments as banks tighten credit amid rising delinquencies [...]

China's Q1 fiscal revenue falls as tax cut policies weigh

China’s fiscal revenue falls in Q1 due to tax cuts, property downturn, but growth seen in certain industries [...]

On the fall in household savings

The sharp reduction in household net financial savings, which has been at the heart of recent debates, and the rise in household debt burden are a cause for concern for growth and economic stability [...]

Net direct tax collections exceed 2023-24 target

Corporate tax receipts’ share slipped to 46.5% from 49.6% in 2022-23; personal income tax and securities transaction tax receipts grew at over double the pace of corporate taxes last year, say Finance Ministry data [...]

What is the outlook on the global economy? | Explained

What are the risks and vulnerabilities the International Monetary Fund has warned about in its latest financial stability report? Is the threat of a global recession waning? Is the American economy doing well? Will it have a spillover effect on emerging markets? [...]

Debt, fiscal challenges facing low-income countries worry IMF

IMF chief Kristalina Georgieva said the the body is working on ways to support low-income countries hit hardest by high debt levels [...]

Germany: pulling out the stops for Israel

The German state once again finds itself complicit in war crimes and genocide. This time in the smoking ruins of the Gaza Strip. [...]

As global cocoa prices hit record highs, farmers in Africa are still losing out

It appears that those who cultivate the precious beans producing chocolate do not have much power to influence the price outcome. [...]

‘There is anti-incumbency against the BJP’: C.P. Joshi

The former Speaker of Rajasthan State Assembly says the performance of BJP MPs is an issue which is agitating the voters. [...]

‘All this talk about dynasty is bunkum’: Shivanand Tiwari

The Rashtriya Janata Dal leader says the BJP-led NDA’s performance in Bihar in 2019 will not be seen in this Lok Sabha election. [...]

Cash for Olympic athletics medals: An idea whose time has come?

The World Athletics Federation has broken ranks to pay athletes bonuses for medals at the 2024 Olympics, generating controversy. [...]

Is Asia’s healthcare workforce ready for climate change?

It has never been more critical to cultivate a resilient healthcare workforce capable of addressing climate-induced public health issues. [...]

‘Communalism does not work in Karnataka’: Muzaffar Assadi

The political scientist says the BJP is suffering from severe internal dissensions in constituencies such as Davanagere, Shivamogga, and Bengaluru. [...]

Israel’s diversionary attack on Iran has set off a new security crisis in West Asia

The standoff has shattered Israel’s strategic superiority, exposed its dependence on the US, and heightened the risk of a nuclear conflict. [...]

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