Business News

Business

India's Q3FY25 GDP Growth Trails at 5.5-5.7%, Falling Short of RBI's Optimistic 6.3% Forecast

India's Q3FY25 GDP growth is projected at 5.5-5.7%, below RBI's 6.3% forecast, with mixed economic indicators showing an uneven growth trajectory. Sectoral performance varies, with...

Business

India Achieves Historic Milestone: Poverty Dips Below 5%, Extreme Poverty Nearly Eradicated

India has achieved a historic milestone with poverty rates falling below 5% and extreme poverty becoming almost minimal, according to a State Bank of India study. Significant progr...

Business

SBI Revolutionizes NRI Banking: Paperless Account Opening Now a Reality

State Bank of India introduces a digital onboarding process for NRIs, eliminating paperwork for NRE and NRO accounts. This move, aimed at enhancing customer convenience and reducin...

Business

Kia Shatters Records: EV Sales Soar by 74% in the US, Marking a Historic Year

Kia Corporation reports a 74% surge in EV sales in the US for 2024, contributing to a record-breaking year with 796,488 vehicles sold. The EV9 leads with a 1,869% growth, underscor...

Business

Norway's Sovereign Wealth Fund Makes a Strategic $1.07 Billion Investment in US Logistics Sector

Norges Bank Investment Management (NBIM) has strategically invested $1.07 billion for a 45% stake in a US logistics portfolio, partnering with Goodman Group. This portfolio include...

Business

US Steel Shares Plunge Over 7% Amid Failed Nippon Steel Acquisition Deal

US Steel's stock fell over 7% following the collapse of its acquisition deal with Nippon Steel, after President Biden decided to block the sale. The market reacted sharply, highlig...

Business

2025 Bank Holidays Unveiled: Is January 4 a Banking Day?

Discover the bank holidays in January 2025, including whether banks are open on January 4. Learn about digital banking options during holidays and key dates to mark on your calenda...

Business

Hyundai's 2024 Global Sales Dip to 4.14 Million: A Closer Look at the Numbers

Hyundai Motor Company reports a 1.8% decline in global sales for 2024, with 4.14 million vehicles sold. Domestic sales in South Korea dropped by 7.5%, while overseas sales saw a sl...