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China’s GDP sinks to 3% in 2022, second lowest in 50 years

China’s GDP sinks to 3% in 2022, second lowest in 50 years

Hit hard by the zero-Covid policy and slump in the real estate market, China’s economy shrank to three per cent in 2022, registering its second lowest growth rate in 50 years in the world’s second-largest economy, according to official data released here on Tuesday. The annual GDP of China totalled 21.02 trillion yuan (USD 17.94 [...]
Indian CEOs top global average on plans to cut operating costs

Indian CEOs top global average on plans to cut operating costs

Amid rising geopolitical risks, a vast majority of Indian CEOs have indicated in a survey that they are reducing or planning to reduce operating costs, even as they are more upbeat than their global peers on their country's economic prospects. However, most of the companies do not plan to cut their headcount or salaries, found [...]
Equities trade firm in early trade

Equities trade firm in early trade

The Sensex and Nifty climbed in initial trade on Tuesday amid buying in index majors Reliance Industries and HDFC twins. The 30-share BSE benchmark advanced 234.16 points to 60,327.13 after a positive beginning. The broader NSE Nifty climbed 64.5 points to 17,959.35. From the Sensex pack, Hindustan Unilever, HCL Technologies, Larsen & Toubro, NTPC, Tata [...]
BoM to raise up to Rs 1,000 crore from share sale in Q4: MD

BoM to raise up to Rs 1,000 crore from share sale in Q4: MD

State-owned Bank of Maharashtra (BoM) on Monday said it proposes to raise up to Rs 1,000 crore from qualified institutions placement (QIP) in the January-March quarter to meet minimum public shareholding (MPS) norms of market regulator Sebi. The bank has initiated the process to meet the norms of Securities and Exchange Board of India (Sebi), [...]
Maruti Suzuki transports record 3.2 lakh units via railways in 2022

Maruti Suzuki transports record 3.2 lakh units via railways in 2022

Maruti Suzuki India on Monday said it transported over 3.2 lakh vehicles using Indian railways last year, its highest-ever dispatch in a calendar year. The company had obtained a Automobile Freight Train Operator (AFTO) licence in 2013 allowing it to fabricate and operate high-speed, high-capacity auto-wagon rakes on the Indian Railways network. In the last [...]
Tripura govt, NTPC REL ink pact for development of green energy projects

Tripura govt, NTPC REL ink pact for development of green energy projects

The government of Tripura and NTPC Renewable Energy Limited (NTPC REL) have signed an agreement for development of renewable energy projects in the northeastern state. The Memorandum of Understanding (MoU) was signed between Tripura Chief Minister Manik Saha and senior officials of NTPC Ltd in the national capital on Monday, an official statement said. "NTPC [...]
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