Economy

Chequered Flag Nov. 29: Headlines At A Glance

Published November 29, 2024

Photo Credit: Freepik

Today's significant news includes a slowdown in GDP growth, an increase in the fiscal deficit, a decline in foreign exchange reserves, and ups and downs in the stock market.

GDP Growth Slows To 5.4%

India's gross domestic product (GDP) recorded a growth of 5.4%, marking the slowest growth rate in seven quarters, a reduction from 6.7% in the previous quarter.

Photo Credit: Freepik

Fiscal Deficit Reaches 46.5% Of FY25 Target

The fiscal deficit of the Indian government has climbed to 46.5% of the budgetary target within the first seven months of the financial year.

Photo Credit: Surat Singh/NDTV Profit

Eight Core Sectors Grow 3.1% In October

In October, the index representing eight core industries registered growth of 3.1%, a rise from 2% in September.

Photo Credit: Iakov Filimonov/Freepik

Forex Reserves Fall To $656.58 Billion

The latest data from the Reserve Bank of India shows that the country's foreign exchange reserves have decreased to $656.58 billion as of the week ending November 22.

Photo Credit: Freepik

Nifty, Sensex Rise for Second Week

The Nifty 50 index on the NSE ended the week up by 0.91%, which amounts to an increase of 216.95 points, bringing it to 24,131.10. Meanwhile, the BSE Sensex closed up 0.96% or 759.05 points at 79,802.79.

Photo Credit: Freepik

RBL Bank, Bajaj Finance Stop Issuing New Co-Branded Credit Cards

RBL Bank and Bajaj Finance have announced a halt in the issuance of new co-branded credit cards.

Photo Credit: Vijay Sartape/NDTV Profit

Aster DM, Quality Care To Merge

Aster DM Healthcare is set to merge with Quality Care India, which is backed by Blackstone and TPG, through a share-swap agreement.

Photo Credit: Aster DM Healthcare website

Cipla Promoters To Exit Via Rs 2,000-Crore Block Deal

The promoters of Cipla, Samina Hamied and Rumana Hamied, will be exiting their positions by offloading shares worth Rs 2,004 crore through a block deal scheduled for Monday.

Photo Credit: NDTV Profit

For additional updates and information, visit Wikipedia.

GDP, Finance, Market