Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
India Ratings and Research (Ind-Ra) expects 6.5% GDP growth in FY25, which is a slight drop from 7.3% in the previous fiscal year. The study indicates a healthy economic rebound despite this downturn, driven by steady government capital expenditure, solid business performance, and a well-balanced financial sector. An encouraging aspect of the picture is the potential for a future cycle of private company capital expenditures.
The report flags concern about consumption demand, particularly in goods and services favoured by households in the upper-income bracket. While government capex drives aggregate demand, Ind-Ra emphasizes the necessity for a more diversified consumption demand growth, urging a focus on households with lower incomes. Although the private sector's greenfield capex remains sluggish, the report identifies signs hinting at the potential for a new cycle.
The outlook for global exports in FY25 is challenging due to the growth slowdown in advanced economies and increased trade distortions/geopolitical fragmentation. India's goods and services exports experienced a negative growth rate of 0.14% during the first 10 months of FY24. Additionally, the rise in Wholesale Price Index (WPI) inflation, similar to the producers' price index, poses concerns for gross value added (GVA) and corporate profitability in FY25. WPI, which was in deflation from April to October 2023, has shifted to inflation since November 2023.
Also Read : India's MOIL Limited Cuts Manganese Ore Prices for June Deliveries Exclusive: ArcelorMittal Posts $805 Million Net Profit in Q1 2025
Numaligarh Refinery Limited, a major player in India's oil and gas industry, recently achieved a rem...
Oil & Gas 16-Feb-2024
Funding via venture capital route into India's energy storage industry has registered a 59% growth w...
Energy 07-Feb-2024
Billionaire Sajjan Jindal-owned JSW Group intends to establish an electric vehicle (EV) venture in O...
Large Corporate 12-Feb-2024
The Union Finance Minister Nirmala Sitharaman is set to present the interim budget for 2024-25 on Fe...
Business 01-Feb-2024
✅ India plans measures to shield steel firms from US tariffs.✅ Export incentives and trade talks u...
US 18-Mar-2025
Baosteel keeps flat steel prices steady for June 2025. Decision reflects cautious optimism and mark...
Business 13-May-2025