The contraction was mainly driven by exports as outbound shipments to China contracted 9.5 per cent at $1.15 billion, even as India's overall exports bounced back in October and saw a double-digit growth of 17 per cent.
This story is from the November 16, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 16, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Whirlpool to cut stake in Indian arm to 20% in 2025
Move may generate $550-600 million for company
Rural Assam, Bihar spent big on food in 2023-24: NSO
Households in rural areas of Kerala, Delhi spent least
Challenges with tax cuts as stimulus
Beyond personal income tax, the govt can consider two other measures to stimulate demand, but the focus should remain on delivering only a short-term boost
Tesla Commits to Cheaper Cars, But Results Miss Targets
Tesla said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025 and would start testing a paid autonomous car service in June, enthusing investors and overshadowing quarterly results that fell short of Wall Street expectations on Wednesday.
DeepSeek to be hosted on Indian servers: Vaishnaw
The foundation models are being developed under the ₹10,372-crore India AI mission, which was approved by the Union Cabinet in March 2024.
L&T profit up 14% at ₹3,359 cr
Firm announces ₹1,000-2,500 cr order win for setting up freight handling facilities in GCC region
Retail biz was slow initially, now there is sense of positivity
Urban consumption has shown some green shoots since Makar Sankranti and is expected to improve for the rest of the year, says GAUTAM SINGHANIA, chairman and managing director of Raymond. In an interview with Dev Chatterjee and Sharleen D'Souza in Mumbai, Singhania says the group is moving to an asset-light strategy. Edited excerpts:
Pvt banks stumble on MFI, agriculture loan slippages in Q3
Profit rises 7.4% Y-o-Y but declines 1.4% sequentially
HVDC a $30 bn market but India's share is negligible
PRATIK AGARWAL is the managing director of Sterlite Power, a leading power transmission infrastructure company and cable producer – a critical but often overlooked component in India's net-zero journey. He also chairs Serentica Renewables, a developer of renewable energy projects for businesses. Of Sterlite's ₹3,000 crore in revenue, 40 percent comes from exports, with over half from Europe and the US. The company aims to double revenue to ₹10,000 crore in three years. In an interview with S Dinakar in Mumbai, Agarwal discusses market dynamics, India's role in the global supply chain, and future growth. Edited excerpts:
RBI gets 6x bids at OMO auction
The Reserve Bank of India (RBI) received bids worth ₹1.2 trillion against the notified amount of ₹20,000 crore at the Open Market Operation (OMO) purchase auction on Thursday—the first of the three auctions announced by the central bank earlier this week.
