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Uttar Pradesh govt partners with MakeMyTrip to boost state's tourism sector
The Uttar Pradesh Tourism Department has signed a memorandum of understanding (MoU) with MakeMyTrip to boost tourism in the state. Under the agreement, MakeMyTrip will serve as a strategic partner, providing insights into consumer trends, tourist preferences, and supply-side information to aid in policy-making. The initiative aims to enhance tourist experiences by leveraging digital platforms to promote various forms of tourism such as eco-tourism, adventure tourism, and spiritual tourism.
Stable economy boosts India's housing market to new heights, scales 11-year peak
The housing property market across India is seeing substantial growth in sales volumes, driven by stable economic conditions and continued confidence, even amidst higher mortgage rates. This uptrend is led by the top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, and Hyderabad, propelling the country’s residential real estate market to an 11-year high in sales volumes during the first half of the year.
Amaravati will be rebuilt by restoring investor confidence, brand image: Andhra CM Naidu
Andhra Pradesh Chief Minister N Chandrababu Naidu vowed to rebuild Amaravati, overcoming hurdles from the previous YSRCP regime by restoring investor confidence and reconstructing the city's brand image. He plans to execute the project swiftly, incorporating modern advancements from the existing masterplan developed with Singapore. Naidu highlights Amaravati's historical significance and potential to generate jobs and tax revenue, aiming to revive the city's economy and reputation.
Industry needs to boost capital investments to capitalise on growth opportunities: Anand Mahindra
Anand Mahindra, Chairman of Mahindra Group, emphasized the need for Indian companies to increase capital investment to leverage growth opportunities domestically and globally. In the company's annual report for 2023-24, Mahindra highlighted India's strengthened position in global supply chains post-COVID, urging private industry to seize this momentum. He stressed that private investment is crucial for driving economic growth, creating jobs, and stimulating demand.
Increase in exports, improvement in CAD, mnfg to help boost Indian economy: Goyal
India's merchandise exports show growth despite a widened trade deficit, reflecting a positive economic outlook. The Commerce Minister's participation in the gem and jewellery industry program signifies confidence in the country's economic trajectory.
Confident of over $800 billion exports in goods, services this fiscal, says Piyush Goyal
India recorded a current account surplus of USD 5.7 billion or 0.6 per cent of GDP in the March quarter. This is the first time in ten quarters that the crucial metric of the country's external strength has turned into surplus mode. In the year-ago period, the current account deficit stood at USD 1.3 billion or 0.2 per cent of GDP, and the same was USD 8.7 billion or 1 per cent of GDP in the preceding quarter ending December 2023.
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US inflation cools in May, boosting hopes of Fed rate cut
May's stable inflation, influenced by service costs and goods prices, sets the stage for potential Federal Reserve interest rate changes. The report highlights slight consumer spending growth and hints at the Fed's aim for a controlled economic slowdown through core inflation moderation.
First day JPM flows not a deluge, but bankers confident of steady flow going ahead
From Thursday to Friday, foreign portfolio investors (FPIs) increased their holdings in the index-eligible Fully Accessible Route (FAR) suite of government bonds by Rs 1,545.16 crore, bringing the total to Rs 1.86 lakh crore, according to data from the Clearing Corporation of India Ltd (CCIL) released at 6 pm. This increase left traders somewhat disappointed, as some market segments had anticipated a surge exceeding Rs 10,000 crore on Friday alone.
Gold flat as dollar, yields firm; investors seek more US data
Amid economic indicators and central bank actions, market focus extends to U.S. housing data, French employment stats, and Fed rate cut forecasts, influencing gold price dynamics.
RBI's proposed digital payments intelligence platform will mitigate frauds, say experts
The Reserve Bank's proposal to establish a digital payments intelligence platform aims to combat fraud and enhance consumer trust. A committee led by A P Hota will assess the creation of this platform, leveraging advanced technologies to mitigate payment fraud risks.
RBI policy on expected lines, upgrading GDP growth estimate reposes confidence: Bankers
Bankers welcomed the Reserve Bank of India's decision to maintain interest rates, as it was in line with expectations, with an upward revision of the growth estimate. The move, including the unchanged repo rate, was seen as positive for the economy. The revised GDP growth forecast for FY25 instilled confidence in the central bank's outlook. Industry leaders praised the regulatory measures and highlighted the importance of collaboration for financial sector growth.
Nilesh Shah on factors that are driving the surge in FMCG stocks
When you want to play a game of bowling, you need guardrails and it does stop your ball going into other lanes. Regulatory supervision is the guardrail. If you want to play the game, guardrails are necessary. In my opinion, RBI is formulating rules, regulations, keeping in mind what is probably happening at the lowest common denominator.
Zee's plan to raise Rs 2,000 crore gets board's approval
Zee Entertainment Enterprises approves ₹2,000 crore fundraising to enhance balance sheet post Sony merger failure, aiming for strategic growth in media landscape.
Election cycles and stock market performance: Don’t ignore the long-term
National elections can create market anxiety due to policy uncertainties, impacting market and economy. Understanding election results' relation to equities market performance is crucial for investors' long-term outlook.
Rupee logs best intraday rise in over five months
The rupee's strengthening also spurred importer hedging on Monday, which eroded the currency's gains, while traders also cited bids from state-run banks when the local currency rose above 83.
Indian rupee, bonds expected to rally after exit polls signal Modi victory
The Indian rupee and government bonds are likely to strengthen following exit polls favoring Prime Minister Narendra Modi's National Democratic Alliance, potentially boosting market sentiment.
Ethereum ETFs: Why it is a game-changer for mainstream crypto adoption
Ethereum's pivotal role in propelling the mainstream adoption of crypto cannot be overstated. As the market undergoes continuous evolution, Ethereum stands as a cornerstone, guiding the industry toward unprecedented growth and innovation.
Mumbai property market continues record-setting spree with best-ever May
The country’s commercial capital witnessed more than 11,917 property registrations during the month, up 21.3% from a year ago. The performance led to the state exchequer fetching revenue worth over Rs 1,029 crore through stamp duty collection, up 23.5% on-year, showed data from Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra.
Unsold housing inventory dips by 57% in NCR in five years
Residential real estate upcycle aids NCR, slashing unsold stock by 57% in 5 years, topping nationwide improvement. Southern cities saw moderate declines. Controlled supply boosts NCR's success, buoyed by renewed buyer confidence and regulatory reforms. Gurgaon and Greater Noida lead reductions. Luxury segment drives demand, signaling further project surge.
Asia shares touch two-year top as China plans property boost
Brent crude futures touched a one-week high of $84.14 a barrel in early trade, with the crash, in heavy fog, of a helicopter carrying Iran's president drawing traders' attention to the Middle East. Gold hovered close to a record high at $2,423 an ounce.
Will Nifty hit fresh record high before elections? That depends on these 5 factors
The week may remain lacklustre on the data front as no major economic data releases are scheduled in both the US as well as the Indian market. Indian investors are likely to focus more on the ongoing earnings season as well as stock specific developments. Nifty and Sensex have reached all-time highs driven by US Fed data and expert insights. Key factors that will shape market outlook.
Navigating economic horizons: RBI's role in FY 2024-2025
RBI's nuanced approach in FY 2024-2025 balances growth, inflation, and stability. Expect cautious yet proactive policy rates. Strategic reserves, global index inclusion, and fiscal discipline shape India's economic landscape.
Max Estates projects FY25 pre-sale proceeds to more than double
Pre-sale refers to the sale of properties before they are constructed, a common practice in the real estate sector. The company is on track to launch the National Capital Region’s first intergenerational residential community in the July-September quarter of 2024, with a revenue potential of Rs 4,000 crore.
Indus Towers confident of cash flow boost in FY25
Indus Towers expects cash flows to improve in FY25 as it’s confident of quickly recovering its backlog of past dues from key customer, Vodafone Idea (Vi), especially as the latter has recently raised Rs 18,000 crore via the follow-on public offer (FPO) route.
Tech and innovation key to rural women empowerment, says Nirmala Sitharaman
In the past few years, Union Finance minister Nirmala Sitharaman said, women’s presence in labour force participation, in growing savings apart from just at the post-office, and in consumption of tech products to promote skills, had increased tremendously.
Finance Minister says working to empower rural women with technology
Referring to the government's recent initiative of NaMo Drone Didi, which trains women to pilot drones in villages to spray pesticides and fertilisers on crops, the finance minister said teaching women a technology that even men weren't using was a big step in boosting their confidence.
$8 billion US military aid package to Taiwan will 'boost confidence' in region: President-elect Lai Ching-te
US approved $8B defense package for Taiwan to counter China. President-elect Lai aims to maintain peace. Taiwan strengthens military with US hardware. China threatens annexation. Taiwan prepares for defense with asymmetrical warfare.
Mamaearth CEO Ghazal Alagh shares 5 ‘power phrases’ women should use to boost confidence
Entrepreneur Ghazal Alagh recently offered five "power phrases" that women can use to overcome obstacles more effectively. As the co-founder of Mamaearth and a recipient of recognition as one of the 'Top 10 Women Entrepreneurs' by IDBI bank in 2023, she took to Instagram last Saturday to share valuable tips on boosting confidence without appearing arrogant.
10 Best Sports Drinks in India for Endless Energy
In India, the best sports drinks offer a refreshing and effective way to replenish electrolytes, restore energy levels, and enhance hydration during physical activity. With a variety of options available in the market, standout brands prioritize formulations that are scientifically developed to optimize performance and recovery. These sports drinks often contain a balanced mix of electrolytes like sodium, potassium, and magnesium, along with carbohydrates to fuel muscles and aid in post-exercise recovery. Trusted by athletes and fitness enthusiasts alike, the best sports drinks in India taste great and deliver essential nutrients to support peak athletic performance and overall well-being.
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