Economy and Finance

News and views related to the Indian Economy and Financial sector

Economy and Finance

World Bank raises India’s GDP growth prediction for 2022-23 to 6.9%, up from 6.5% predicted earlier

OpIndia Staff -
The World Bank has raised India's GDP growth prediction due to the country's strong economic performance.
News Reports

Over ₹1.45 lakh crore collected as gross GST in November 2022, surges 11% year-on-year basis

OpIndia Staff -
In the month of November 2022, the gross GST revenue collected is ₹1,45,867 crore
News Reports

‘Have courage when govt is doing right too’: Gautam Adani hints at NDTV’s bias, answers opposition allegations of him benefitting from Modi govt

OpIndia Staff -
Gautam Adani stated that the takeover of NDTV is not a business opportunity but rather a responsibility.
News Reports

Tata Group moves ahead with consolidating 4 airlines under it, finalises deal with SIA to merge Vistara with Air India

OpIndia Staff -
Tata Group and Singapore Airlines finalise deal to merge Air India and Vistara, with Tatas holding 75% stake
Economy and Finance

Adani Group to launch open offer to acquire an additional 26% share in NDTV on November 22, will raise Adani’s total stake above 55%

OpIndia Staff -
The Adani Group has declared an open offer to purchase another 26% interest in NDTV commencing November 22.
News Reports

State Bank of India records highest-ever quarterly profit as net-profit surges 74% in Q2

OpIndia Staff -
SBI's provisions fell 25% year on year to Rs 2,011 crore in Q2FY23, owing to improved asset quality, with the net non-performing asset (NPA) ratio falling to less than 1%.
Opinions

Make India Make: With Atmanirbhar Bharat initiative, India can enter the take-off stage of national economic growth

Virender Kapoor -
India as a nation-state is looking upwards, there is a positive mood, and the economy is moving Northwards
News Reports

IMF Managing Director Kristalina Georgieva hails the Indian economy as “a bright spot in a dark horizon”

OpIndia Staff -
IMF Managing Director Kristalina Georgieva asserted that India will leave a mark in the areas of digitalization and digital money
Economy and Finance

IMF hails India’s digital cash transfer scheme as a ‘logistical marvel’

OpIndia Staff -
For a country like India, owning Digital platforms and payment like this, is a great feat in itself.
News Reports

Rajasthan CM Ashok Gehlot lavishes praises on business tycoon Gautam Adani, long vilified by Congress and Rahul Gandhi

OpIndia Staff -
Even as Congress and Rahul Gandhi continue to vilify Gautam Adani, Ashok Gehlot heaped praises on the business tycoon.
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