Photo: India Today
Q4 GDP Growth Of 6.1% Beats Estimates, Grows In FY23
The gross domestic product, which is a representation of any country, revealed the world's growth has been hit by recession and geopolitical tensions, economists had predicted a 5% GDP growth for India. The Reserve Bank of India pegged it at 5.1%. But the Indian economy has beaten both estimates by a significant margin, to clock a 6.1%, GDP growth in the January-March quarter of FY23.
Tags: FY23, Indian GDP, Growth, Quarter Finances, World Recession
Courtesy: The Indian Express
Photo: Telangana Today
KT Rama Rao Welcomes FoxConn Internationals With $500 Million Investment
KT Rama Rao, the Information Technology and Urban Development Minister of Telangana welcomed Foxconn International to Telangana. KT Rama Rao in the presence of the Foxconn CEO and other officials conducted the groundbreaking ceremony of the Foxconn Manufacturing unit in the Telugu State. The new manufacturing unit will be a major development for industrial growth, with an investment of $500 million, providing huge employment to Telangana… read-more
Tags: Regional News, KT Rama Rao, Development News, Foxconn International, Growth
Courtesy: Telugu Stop
Photo: The Indian Express
Power Grid Holds Meeting And Approves Investment For Projects
Power Grid Corporation of India Limited informed about approved investment for several projects. The decision was taken by the board of Directors of the company in their meeting held on March 6. The Power Grid approved investment for Eastern Region Expansion Scheme-XXIX (Rs 524.04 cr), Transmission system for Kurnool Wind Energy Zone/Solar Energy Zone (Rs. 3546.94 cr) and the disclosure is in terms of Regulation 30 of the SEBI.
Tags: Projects, Power Grid, Indian government, business, Growth
Courtesy: The Free Press Journal
Photo: India Times
Bihar Education Ministry To Focus On Growth Of Education, Will Send Teams To Study Models
After taking over in Bihar, the new state education Minister, Chandrashekhar said, now under the new government, the RJD-JDU, growth and development will be aim in this sector. He said that his government will send a team to Delhi and other states to study their education models, aiming better education system in Bihar. He further added, a large number of vacancies and proper education will be main agenda now
Tags: Bihar Education, RJD-JDU, Arvind Kejriwal, Minister Chandrashekhar, Growth
Courtesy: The Free Press Journal
Photo: Hindustan Times
Union Govt Confirms Industrial Growth By 7.1% In April 2022
The Union Government data confirmed Industrial output growth by 7.1% in April. On June 10, the released data confirmed that the mining and power sector contributed the maximum to the growth. Notably, the power and mining sectors grew by 11.8 percent and 7.8 percent, respectively.. Besides industrial, the manufacturing sector reported 6.3% growth, as confirmed by the National Statistical Office (NSO).
Tags: business, Growth, Industrial Sector, Power-Mining, Union government
Courtesy: Press Trust of India
Photo: ANI
Bitget Appoints Gracy Chen As New MD On June 1
Singapore's Bitget, the leading global derivatives exchange announced Gracy Chen as the new MD. Announced on June 1, she will be leading Bidget's growth strategies as the platform accelerates its global expansion plan. With presence in over 50 countries around the world, Bitget has been growing at an unprecedented pace. Earlier this year, Bitget announced its derivatives trading volume reached an all-time high of 8.69 billion, representing a… read-more
Tags: SINGAPORE, Managing Director, business, Bitget, Growth
Courtesy: Press Trust of India
Photo: Car Tyres
Apollo Tyres Q2 Results: Revenue Grows By 18%, To Rs 5,077 Crore
Apollo Tyres Limited's revenue for the second quarter of the financial year 2021-22 increased by 18% to Rs 5,077 Crore compared to the first quarter. Reportedly, the company had registered Rs 4295 in the last quarter, making the total Rs 9,662 crore for the half of FY21. ''We've seen a robust demand...which is visible in the healthy revenue,'' said Onkar Kanwa, Chairman of the company.
Tags: Apollo Tyres, Q2, FY21, revenue, Growth
Courtesy: United News Of India
Photo: BW Business World
Two-Wheeler Honda Motors Registers 18% Growth In Domestic Sale
Amid the festive season in August 2021, Honda 2-Wheelers India registered a growth rate of 18% in comparison to the previous month. Reportedly, Honda sold 4,01,469 units in the domestic market in August while in July 2021 the company sold 3,40,420 units. ''The month of August ushers the onset of the festival spirit in India...We're cautiously optimistic moving forward,'' said Yadvinder Singh, Director of sales & marketing.
Tags: Honda, Domestic Sale, Two wheeler, Growth, sale
Courtesy: United News of India
Photo: The New Indian Express
Automobile Industry Grows by 34% In July 2021 Than Last Year
The Automobile industry has seen positive growth of 34.2% in July 2021 than July 2020, according to the Federation of Automobile Dealers Association (FADA). Last year in July 2020, people purchased 11.6 lakh vehicles and now it has increased to 15.56 lakh vehicles. The commercial vehicles sales increased by 166%, followed by 83% in a three-wheeler, 63% in passenger vehicles, and 27% in a two-wheeler, and 6% in tractors.
Tags: Automobile, Sales, Retail Auto Sales, FADA, Growth
Courtesy: ANI
Photo: The Indian Wire
Volvo Cars Records 43% Growth In Global Sales In May
Swedish luxury carmaker Volvo Cars has registered a 43% year-on-year growth in its global sales in May 2021. The company has sold 64,111 cars worldwide in May 2021. The majority of the sales were recorded in the United States and Europe with a strong demand for the models like XC90 and XC60. Meanwhile, in China, Volvo has continued its 14-month sales growth streak by selling 16,895 units.
Tags: Automobile, Volvo, Cars, Growth
Courtesy: Car and Bike
