NEW DELHI: Chief economic adviser V Anantha Nageswaran Friday raised the growth forecast for the next financial year to 7-7.4% as against 6.8-7.2% projected in last month’s Economic Survey, banking on improved policy certainty due to trade agreements and an improvement in capital flows, along with high-frequency data pointing to sustained momentum in consumption and…
NEW DELHI: PM Narendra Modi on Friday asked industry to innovate and come up with fresh investments. He also urged financial institutions to adopt innovative models to boost infrastructure funding, while strengthening project sanction and appraisal quality.At a post-budget webinar, after listing out the steps taken by govt over the last decade on infrastructure, PM…
The ministry of statistics and programme implementation released a new series of national accounts with 2022–23 as the base year, replacing the 2011–12 series. The revision incorporates fresh data sources such as GST, PFMS and e-Vahan, introduces double deflation in key sectors, and relies on annual surveys for improved household estimates.■ What is a base…
Game-Changer for Global Finance? UAE Unveils World’s First AI-Powered Sovereign Cloud to Guard Banks and Data In a bold leap that could redefine how modern financial systems operate, the Central Bank of the United Arab Emirates (CBUAE) has announced the launch of what it calls the world’s first sovereign financial cloud services infrastructure, a secure…
State-owned NBCC (India) Ltd will redevelop Delhi Development Authority (DDA) staff quarters in two colonies in the national capital at an estimated cost of nearly Rs 775 crore, PTI reported.In a statement, NBCC said it has signed two separate Memorandums of Understanding (MoUs) with DDA for the comprehensive redevelopment of staff quarters located at Old…
How This Indian American Millionaire Broke Barriers And Is Now Teaching Others to Win At 80 years old, Kanwal Rekhi, a self-made Indian-American millionaire, Silicon Valley pioneer and mentor to thousands, has chronicled his remarkable rise and lifelong mission to empower others in a new book titled The Ground Breaker. The memoir, released on February…
Foreign direct investment (FDI) into India increased 18 per cent year-on-year to $47.87 billion during April-December 2025-26, with inflows from the United States nearly doubling in the first nine months of the fiscal, government data released on Friday showed.FDI during April-December FY24 had stood at $40.67 billion, PTI reported.In the October-December quarter of 2025-26, FDI…
Deepinder Goyal (File photo) Zomato founder Deepinder Goyal on Friday announced that his new health tech venture, Temple, has secured $54 million in its first funding round from friends and family, and valued at approximately $190 million.“Temple has raised its first round. Friends and family. $54m. Post-money valuation of ~$190m,” said Goyal on X.Temple, which…
US stocks fell sharply on Friday as renewed fears around artificial intelligence-driven disruption, a stronger-than-expected inflation reading and rising geopolitical tensions weighed on investor sentiment.The S&P 500 declined 0.8%, heading toward what could be only its second losing month in the past 10. The Dow Jones Industrial Average dropped 569 points, or 1.2%, while the…
Owning overseas real estate, whether in Dubai, London or Singapore, has become an increasingly popular aspiration among Indian investors. But recent enforcement action has highlighted that foreign property purchases can invite regulatory scrutiny if Foreign Exchange Management Act (FEMA) rules are not followed carefully.Earlier this month, the Directorate of Enforcement conducted searches under FEMA, 1999…