India’s economy is projected to have grown 7.3 percent in the July-September quarter. Strong rural and government spending supported this growth. Household consumption also improved. However, private investment remained subdued. This indicates uneven economic expansion. Government expenditure continues to be…
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The cost of memory is expected to climb to 48% of total component costs from 20-35% previously, after leading memory manufacturers shifted capacities to cater to surging demand for high-bandwidth memory used in AI data centres.
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The Centre’s push to wean officials away from the usage of publicly available AI-based tools owned by foreign entities has also contributed to the demand.
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In the absence of a breakthrough in US-India trade talks, the currency is expected to exhibit a downward bias, though Reserve Bank of India interventions are likely to moderate extreme movements.
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The divestments present a major opportunity for Indian private sector banks to acquire customer bases, deposits, and wealth management portfolios quickly.
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During a press briefing, Sanjay Malhotra, the Governor of the Reserve Bank of India, hinted at the potential for further cuts in the policy interest rate, backed by promising macroeconomic indicators. While market trends might suggest a pause, economic experts…
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