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Economy
Global economy projected to grow by 4% in 2022, 3.5% in 2023: UN report
United Nations (New York): After expanding by 5.5 per cent in 2021, the global output is projected to grow by only 4 per cent in 2022 and 3.5 per cent in 2023, according to the United Nations World Economic Situation and Prospects (WESP)!-->…
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‘India’s recovery is on a solid path’, is world’s top economic performer: UN…
The UN's annual World Economic Situation and Prospects (WESP) report estimated the growth rate of India's gross domestic product (GDP) at 9 per cent last year and forecast it to moderate to 6.7 per cent this year and 6.1 per cent next!-->…
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Vedanta Aluminium becomes India’s largest industrial consumer of renewable energy
New Delhi: Vedanta Aluminium Business, Indias largest producer of aluminium and value-added products, has become the biggest industrial consumer of renewable energy (RE) in 2021, leading renewable energy procurement on the countrys power!-->…
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RBI likely to hike interest rates by up to 100 basis points in 2022
New Delhi: The RBI is likely to start raising the policy rate in the near future by up to 100 bps in 2022.
"In the immediate neighbourhood, Pakistan and Sri Lanka have raised policy rates. We expect India, too, to start raising interest!-->…
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Equities steady in early trade on Thursday
New Delhi: The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty on the National Stock Exchange traded largely steady in early trade on Thursday.
Notably, during the past four sessions, indices traded on a positive note.
At!-->…
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Startups can help rural economy go digital: Piyush Goyal
New Delhi: Union Minister of Commerce and Industry, Piyush Goyal, on Wednesday called upon startups to help micro-entrepreneurs in rural areas leverage technology to grow their businesses and encourage farmers, weavers and artisans to!-->…
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Textile exports registered 41% growth during Apr-Dec 2021
New Delhi: During the period between April and December, 2021, total textiles and apparels exports, including handicrafts, stood at $29.8 billion as compared to $21.2 billion recorded for the corresponding period of the previous year.!-->…
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Mercedes-Benz India sold 11,242 units in 2021, up 42% YoY
New Delhi: Luxury carmaker Mercedes-Benz India on Wednesday reported a rise of 42.5 per cent in its 2021 sales on a year-on-year basis.
The company's sales rose to 11,242 units during the period under review from 7,893 units sold in!-->…
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Wipro registers net income of Rs 29.7 bn for Q3 FY22, up 1.3% QoQ
Bengaluru: Wipro on Wednesday announced results for the quarter ended December 31, 2021, recording a gross revenue of Rs 203.1 billion ($2.7 billion), an increase of 3.3 per cent QoQ and 29.6 per cent YoY.
Wipro registered net income of!-->…
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Equities gain for fourth straight session; Sensex up over 500 pts
New Delhi: The Indian equity indices -- S&P BSE Sensex and NSE Nifty50 -- traded in the green for the fourth consecutive session on Wednesday.
Return of foreign portfolio investors (FPIs) into the Indian equity market, and likely!-->…
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