Search Results for: oil prices

US jobless claims data allays fears over economic slowdown

US Jobless Claims Rise Marginally, Fed Rate Cut Expected

US jobless claims marginally increased, easing fears of a sharp economic slowdown. The US Federal Reserve is expected to cut interest rates to stimulate economic growth. Fed Chair Jerome Powell's upcoming speech is anticipated to provide insights into future policy. The potential rate cut could boost global markets, including India's, by attracting foreign investors. Aug 24, 2024
market

US Rate Cut Fuels Optimism in Indian Stock Markets

The anticipated US rate cut is expected to boost the Indian stock market and various sectors like IT, BFSI, automotive, and real estate. The Indian markets have been on a recovery rally, influenced by positive US economic data and global cues. Aug 24, 2024
India mobile phone exports reach $6.5 billion in April-July, iPhones lead

India's Mobile Phone Exports Soar; Apple Leads The Way with iPhones

India's mobile phone exports have reached a new high, with a significant contribution from Apple's iPhone exports. According to industry data, exports of mobile phones from India reached $6.5 billion in the April-July period of the fiscal year 2025 (FY25), marking a nearly 40% surge from the same period in the previous fiscal year (FY23). Aug 23, 2024
India sees surge in super-luxury car sales amid 'generational mindset' shift

Luxury Car Sales Skyrocket in India Amid Wealth Surge

India's luxury car market is witnessing a significant boom, with high-end brands like Lamborghini, Ferrari, McLaren, and Aston Martin reporting robust demand. This surge is attributed to a generational mindset shift, with an increasing number of Indians willing to splurge on luxury goods, including super-expensive cars. Aug 18, 2024
Future outlook for residential market in India remains optimistic

Future outlook for real estate market in India remains optimistic: Report

India's real estate market remains optimistic, with a Knight Frank-NAREDCO report showing a Current Sentiment Index Score of 65, indicating a measured outlook. Residential and office demands are driving growth, with 63% expecting rising residential prices and 51% anticipating increased sales. The office market also shows buoyancy in leasing, supply, and rent. Aug 14, 2024
5G mobile subscriptions in India to reach 130 mn in 2023

India's 5G smartphone market share surges 77 pc in Q2

India's 5G smartphone market share increased to 77 per cent in the second quarter (Q2) -- up from 49 per cent in the same quarter last year -- while the average selling price declined by 22 per cent to $293 (about Rs 24,000), a report said on Tuesday. Nearly 27 million 5G smartphones were shipped in the April-June quarter. Aug 13, 2024
FDI in India's manufacturing sector hits $165 bn, 69 pc growth in last 10 years

India's Manufacturing Sector Attracts $165bn FDI

India's manufacturing sector has emerged as a top destination for foreign direct investment (FDI), with a 69% surge in inflows over the last decade, reaching a staggering $165.1 billion. Aug 11, 2024
RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand

RBI Projects 7.2% GDP Growth Despite Global Uncertainties

The Reserve Bank of India (RBI) announced a projected GDP growth of 7.2% for India in the fiscal year 2024-25. This projection, made on August 8, 2024, is based on the strength of investment demand, steady urban consumption, and rising rural consumption. Aug 8, 2024
Reserve Bank Of India

RBI Keeps Repo Rate Unchanged, focuses on Price Stability

RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided by a 4:2 majority to keep the repo rate unchanged as inflation has risen above 5 per cent and is still above the targeted level of 4 per cent. Aug 8, 2024
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