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India likely to cut disinvestment goal by 40% for financial year 24-25, Economic Times reports

MUMBAI, Jan 18 (Reuters) – India will likely cut its disinvestment and asset monetisation target by 40% for 2024-25 in the federal budget to be presented next month, The Economic Times newspaper reported on Saturday, as planned sales of state-run firms run into a host of setbacks. The government will likely revise the target to less than 300 billion rupees ($3.47 billion) from the initial 500 billion rupees, the newspaper said, citing people aware of the deliberations. The government may set the target at about 450 billion rupees to 500 billion rupees for the next fiscal year, as it intends

VinFast to enter India with premium electric SUV to take on rivals

NEW DELHI, Jan 18 (Reuters) – Vietnamese electric vehicle maker VinFast will enter the Indian market with two premium electric SUVs, taking on homegrown rival Mahindra & Mahindra and China’s BYD, which already has a presence in the world’s third-largest car market. VinFast unveiled its VF6 and VF7 SUVs at the India Auto Show in New Delhi, as it hopes to draw buyers to its EVs and contribute to India’s goals of eliminating carbon emissions on a net basis, said Pham Sanh Chau, VinFast’s Asia CEO. “We are turning our focus to India – our next growth frontier,” Chau told

Economy set for rebound but food inflation needs monitoring, RBI says

MUMBAI, Jan 17 (Reuters) – India’s economic growth is poised to rebound as domestic demand regains strength, but “stickiness” in food inflation warrants careful monitoring, the RBI (Reserve Bank of India) said in its monthly bulletin released on Friday. In India, there is a “conducive quickening” of high-frequency economic activity indicators in the second half of 2024-25, signalling implicit pick up in real gross domestic product growth for this period, the Reserve Bank of India said in an article titled ‘State of the Economy’ in the bulletin. Rural demand continues to gain momentum, reflecting resilience in consumption, supported by brighter

BJP releases Delhi manifesto; promises Rs 2500 for women, pension for elderly, LPG at Rs 500

New Delhi, Jan 17 (PTI) BJP president JP Nadda on Friday released the first part of the party’s manifesto for the Delhi assembly polls, announcing Rs 2,500 monthly aid for women, LPG cylinders at Rs 500 and Rs 2,500 pension for senior citizens. He also assured all existing public welfare schemes in Delhi will continue if the BJP is voted to power. Addressing a press conference while releasing the first part of the ‘Sankalp Patra’, Nadda said the party’s manifesto is the foundation for a developed Delhi. विकसित दिल्ली के लिए भाजपा का संकल्प- महिलाओं का सशक्तिकरण एवं गरीब और

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