The RBI decided to keep the key policy repo rate unchanged at 6.5% in its April monetary policy along with maintaining the stance at ‘withdrawal of accommodation’. India’s real GDP growth for FY25 is projected at 7%. CPI inflation for FY25 is estimated at 4.5%.
Avendus - Avendus Capital foresees $125 billion investment in India by 2030, propelled by green hydrogen and green ammonia segments. The growth is fueled by sustainability focus, commercial viability, regulatory push, electrolysis of water, and steel industry off-take contracts.
In the first quarter of 2024, India's commercial real estate market witnessed robust growth, fueled by multinational companies and global capability centers. Bengaluru and Hyderabad led leasing activity, with significant contributions from GCCs. Rents stabilized or grew, while vacancies declined to 15.8%, reflecting strong demand and limited new supply. Flexible office space operators also played a significant role, contributing 23% to total transactions.
Discounts up to Rs 1.5 lakh available on Baleno, Fronx, Jimny, and other Nexa models - With the start of new financial year (FY25), the auto major has announced substantial discounts of up to Rs 1.5 lakh on its Nexa range, including on Baleno, Fronx, and Jimny. These discounts are available in various forms such as cash discounts, exchange bonuses, and corporate discounts. Notably, there are no current offers on the XL6 and the flagship Invicto MPV models.
Dr Fereidun Fesharaki, Founder & Chairman, FGE, Singapore, says new refineries are nor coming up while demand is growing. It creates a golden age for refining, at least for the period of 2024, 2025, 2030. After that, the golden age will disappear. Still, the margins will be okay, as many refineries in Europe and the US will end up closing. But in Asia, outside of Japan, and some refineries in China, everybody continues. Nobody ever thinks about shutting down.
Reliance Jio, India’s telecom market leader, and the Bharti Group are on course for a fierce battle over using spectrum allocated administratively, or without auctions, for satellite-based fixed wireless access (FWA) services. Bharti-backed Eutelsat OneWeb has rejected Mukesh Ambani-owned Jio’s contention that administratively allocated satellite spectrum can’t be used for offering commercial FWA services merely since it is a 5G use case. Vodafone Idea (Vi) plans to raise funds via a preferential share issue on April 6, following shareholders' approval of a proposal to raise ₹20,000 crore through equity and equity-linked instruments. The company expects to complete the equity fund raise by the end of June, with promoters expected to infuse around ₹2,000 crore.
