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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:media="http://search.yahoo.com/mrss/" > <channel> <title>Moneynomical</title> <atom:link href="https://moneynomical.com/feed/" rel="self" type="application/rss+xml" /> <link>https://moneynomical.com</link> <description>Business | Stock Markets | Investing | Economy | Tech | Crypto | India | World | News at Moneynomical</description> <lastBuildDate>Sat, 05 Oct 2024 03:24:03 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.6.2</generator> <image> <url>https://moneynomical.com/wp-content/uploads/2022/06/cropped-m-logo-01-1-32x32.png</url> <title>Moneynomical</title> <link>https://moneynomical.com</link> <width>32</width> <height>32</height></image> <item> <title>Amol Awasthi: Driving Innovation in IT and Transforming Business in Africa and the Middle East</title> <link>https://moneynomical.com/amol-awasthi-driving-innovation-in-it-and-transforming-business-in-africa-and-the-middle-east/3501/</link> <comments>https://moneynomical.com/amol-awasthi-driving-innovation-in-it-and-transforming-business-in-africa-and-the-middle-east/3501/#respond</comments> <dc:creator><![CDATA[News Desk]]></dc:creator> <pubDate>Sat, 05 Oct 2024 03:24:03 +0000</pubDate> <category><![CDATA[Business]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3501</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/featured-5.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://moneynomical.com/wp-content/uploads/2024/10/featured-5.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/featured-5-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/featured-5-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/featured-5-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Dubai-based entrepreneur Amol Awasthi has made a lasting mark on the global business landscape over his 21-year career, particularly through his leadership at Catalyst Business Partners (CBP). Under Awasthi’s guidance, CBP has emerged as a leader in the IT industry, driving digital transformation across Africa and the Middle East. Awasthi’s journey began in the early […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/amol-awasthi-driving-innovation-in-it-and-transforming-business-in-africa-and-the-middle-east/3501/">Amol Awasthi: Driving Innovation in IT and Transforming Business in Africa and the Middle East</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/featured-5.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://moneynomical.com/wp-content/uploads/2024/10/featured-5.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/featured-5-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/featured-5-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/featured-5-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Dubai-based entrepreneur Amol Awasthi has made a lasting mark on the global business landscape over his 21-year career, particularly through his leadership at Catalyst Business Partners (CBP). Under Awasthi’s guidance, CBP has emerged as a leader in the IT industry, driving digital transformation across Africa and the Middle East.</p><p>Awasthi’s journey began in the early 2000s with MirrorPlus Technologies, which was acquired by American Reprographics in 2003. He then co-founded Catalyst Business Partners in 2002, recognizing the untapped potential for IT services in Africa. By 2006, Awasthi moved to Dubai to strategically position CBP closer to African markets, including Senegal, Guinea, Cameroon, and Egypt. Today, CBP employs over 200 people and generates $25 million annually.</p><p>Awasthi’s career is defined by his ability to identify emerging opportunities and overcome market challenges. In addition to his leadership at CBP, he has co-founded Terra Firma Commodities, promoting eco-friendly business practices. He also serves as a board member and shareholder for Senslytics Corporation and Trip Works Holdings Ltd., contributing to technological solutions for global issues.</p><p>Through his leadership, Amol Awasthi has not only driven economic growth but has also created jobs and improved infrastructure in the regions where CBP operates. His visionary approach and commitment to excellence continue to shape the future of technology and business on a global scale.</p><p>The post <a rel="nofollow" href="https://moneynomical.com/amol-awasthi-driving-innovation-in-it-and-transforming-business-in-africa-and-the-middle-east/3501/">Amol Awasthi: Driving Innovation in IT and Transforming Business in Africa and the Middle East</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/amol-awasthi-driving-innovation-in-it-and-transforming-business-in-africa-and-the-middle-east/3501/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Arif Patel’s Path to Success: Impacting the Energy and Financial Worlds</title> <link>https://moneynomical.com/arif-patels-path-to-success-impacting-the-energy-and-financial-worlds/3497/</link> <comments>https://moneynomical.com/arif-patels-path-to-success-impacting-the-energy-and-financial-worlds/3497/#respond</comments> <dc:creator><![CDATA[News Desk]]></dc:creator> <pubDate>Sat, 05 Oct 2024 03:19:07 +0000</pubDate> <category><![CDATA[Banking]]></category> <category><![CDATA[Energy]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3497</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Arif Patel, founder and chairman of Preston Trading, has made a profound and lasting impact on the international energy and banking industries. With his innovative approach and business acumen, Patel has helped numerous companies achieve success. His contributions have earned him recognition as one of the world’s Top 10 Best Investment Company Executives. Born in […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/arif-patels-path-to-success-impacting-the-energy-and-financial-worlds/3497/">Arif Patel’s Path to Success: Impacting the Energy and Financial Worlds</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Arif-Patel-Image-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Arif Patel, founder and chairman of Preston Trading, has made a profound and lasting impact on the international energy and banking industries. With his innovative approach and business acumen, Patel has helped numerous companies achieve success. His contributions have earned him recognition as one of the world’s Top 10 Best Investment Company Executives.</p><p>Born in Dubai, Patel was inspired by the city’s rapid economic growth, eventually moving to Preston, UK, where he pursued higher education. After obtaining a bachelor’s degree from the University of Central Lancashire and a master’s in Petroleum Engineering from Heriot-Watt University, he launched Preston Trading. Under his leadership, the company has become a leading player in mining, oilfield services, and energy production.</p><p>In addition to his work with Preston Trading, Patel co-founded The UK Group, promoting economic growth and partnerships. He also took on a leadership role as CEO of ABC Capital in Dubai, driving the company’s growth in the financial sector.</p><p>Patel’s achievements in the energy and finance industries have made him a globally respected figure, celebrated for his ability to inspire creativity, continuous learning, and ethical business practices. His leadership continues to influence future business leaders and entrepreneurs around the world.</p><p>The post <a rel="nofollow" href="https://moneynomical.com/arif-patels-path-to-success-impacting-the-energy-and-financial-worlds/3497/">Arif Patel’s Path to Success: Impacting the Energy and Financial Worlds</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/arif-patels-path-to-success-impacting-the-energy-and-financial-worlds/3497/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Fine Acers Group partners with Wyndham Hotels & Resorts for four new hotels in India and Dubai</title> <link>https://moneynomical.com/fine-acers-group-partners-with-wyndham-hotels-resorts-for-four-new-hotels-in-india-and-dubai/3493/</link> <comments>https://moneynomical.com/fine-acers-group-partners-with-wyndham-hotels-resorts-for-four-new-hotels-in-india-and-dubai/3493/#respond</comments> <dc:creator><![CDATA[News Desk]]></dc:creator> <pubDate>Sat, 05 Oct 2024 03:13:41 +0000</pubDate> <category><![CDATA[Hospitality]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3493</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/annoucement.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/annoucement.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/annoucement-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/annoucement-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/annoucement-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Fine Acers Group & Global Branded Residences Real Estate LLC, led by entrepreneur Mr. Dinesh Yadav, has announced a significant partnership with Wyndham Hotels & Resorts to develop four new hotels in India and Dubai. These properties will be branded under the Trademark Collection by Wyndham, known for offering distinctive midscale to upscale hotels that […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/fine-acers-group-partners-with-wyndham-hotels-resorts-for-four-new-hotels-in-india-and-dubai/3493/">Fine Acers Group partners with Wyndham Hotels & Resorts for four new hotels in India and Dubai</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/annoucement.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/annoucement.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/annoucement-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/annoucement-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/annoucement-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Fine Acers Group & Global Branded Residences Real Estate LLC, led by entrepreneur Mr. Dinesh Yadav, has announced a significant partnership with Wyndham Hotels & Resorts to develop four new hotels in India and Dubai. These properties will be branded under the <em>Trademark Collection by Wyndham</em>, known for offering distinctive midscale to upscale hotels that celebrate the individuality of each location.</p><p>The new hotels will be located in prominent leisure destinations like Udaipur, Coorg, and Jawai in India, as well as Dubai, a major global tourism hub. The partnership builds on the success of Wyndham Grand Jaipur, which was signed last year, expanding Fine Acers Group’s portfolio under the Kamah Hotel, Trademark Collection by Wyndham brand.</p><p>The hotels will be developed under a Unit Sales or Branded Residences model, offering investors the chance to invest in internationally branded hotel units in top leisure destinations. Govind Mundra, Head of Development – Middle East & Africa at Wyndham Hotels & Resorts, expressed enthusiasm for the partnership and indicated plans for further expansion across the region.</p><p>The post <a rel="nofollow" href="https://moneynomical.com/fine-acers-group-partners-with-wyndham-hotels-resorts-for-four-new-hotels-in-india-and-dubai/3493/">Fine Acers Group partners with Wyndham Hotels & Resorts for four new hotels in India and Dubai</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/fine-acers-group-partners-with-wyndham-hotels-resorts-for-four-new-hotels-in-india-and-dubai/3493/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Dematerialisation mandate impacts 1.6 million companies: 60% of India Inc transitions to Demat securities from October 1</title> <link>https://moneynomical.com/dematerialisation-mandate-impacts-1-6-million-companies-60-of-india-inc-transitions-to-demat-securities-from-october-1/3488/</link> <comments>https://moneynomical.com/dematerialisation-mandate-impacts-1-6-million-companies-60-of-india-inc-transitions-to-demat-securities-from-october-1/3488/#respond</comments> <dc:creator><![CDATA[Moneynomical Newsdesk]]></dc:creator> <pubDate>Fri, 04 Oct 2024 09:14:45 +0000</pubDate> <category><![CDATA[Indian Market]]></category> <category><![CDATA[demat]]></category> <category><![CDATA[economy]]></category> <category><![CDATA[Finance]]></category> <category><![CDATA[India]]></category> <category><![CDATA[invest]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[investment]]></category> <category><![CDATA[sector]]></category> <category><![CDATA[stock]]></category> <category><![CDATA[Stock Market]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3488</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Dematerialization" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>As of October 1, a significant directive impacting 60% of Indian companies came into effect, with nearly 1.6 million companies now required to issue securities in Dematerialised (Demat) form. This government mandate, part of the amendment to the Companies (Prospectus and Allotment of Securities) Rules, 2014, aims to enhance transparency and simplify transactions. However, the […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/dematerialisation-mandate-impacts-1-6-million-companies-60-of-india-inc-transitions-to-demat-securities-from-october-1/3488/">Dematerialisation mandate impacts 1.6 million companies: 60% of India Inc transitions to Demat securities from October 1</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Dematerialization" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>As of October 1, a significant directive impacting 60% of Indian companies came into effect, with nearly 1.6 million companies now required to issue securities in Dematerialised (Demat) form. This government mandate, part of the amendment to the Companies (Prospectus and Allotment of Securities) Rules, 2014, aims to enhance transparency and simplify transactions. However, the transition to Demat form also poses challenges, particularly for private company boards concerning share transfer and shareholder tracking.</p><p>The primary motivation behind this mandate is to improve transparency and reduce risks associated with paper-based securities. Before this amendment, around 60% of the corporate ecosystem operated using paper securities, which are prone to manipulation, delays in transfer and transmission, and complications in the Know Your Customer (KYC) process. Such issues have led to legal disputes and resource wastage. By mandating Demat shares, the government seeks to bring more accountability and streamline processes. Securities in Demat form undergo periodic KYC checks, making it easier to trace shareholders and ensure compliance. Additionally, the standardised process for share transfers and transmissions simplifies transactions and eliminates the delays associated with paper-based share certificates.</p><h2>Key benefits for shareholders and the corporate ecosystem</h2><p>The Demat system offers several benefits for shareholders and companies alike:<br />Transparency: Demat shares allow easy identification of shareholders, reducing the risk of fraudulent transactions.</p><p>Ease of fundraising: Companies with Dematerialised securities can raise funds more quickly and efficiently, as the Demat process simplifies the transfer and pledge of shares.</p><p>Enhanced business environment: The Demat mandate aligns with India’s goal of improving its business climate and rankings on global platforms like the Financial Action Task Force (FATF), which combats money laundering.</p><h2>Challenges for Private companies</h2><p>Despite its benefits, the new mandate presents several challenges, particularly for private companies. One of the main concerns is that Demat shares become freely transferable. Traditionally, the board of directors must approve any transfer of shares in a private company to ensure compliance with the Companies Act, which restricts the number of public shareholders to a maximum of 200. When shares are held in paper form, share transfer deeds are submitted for approval. However, in Demat form, shares can be transferred between accounts without the board’s knowledge, making it harder to monitor and control.</p><p>Depositories like NSDL and CDSL offer a solution to these challenges through the freezing and unfreezing of the ISIN (International Securities Identification Number). By freezing the ISIN, a company can prevent the transfer of shares between Demat accounts without board approval. However, this process comes with a cost—ranging from Rs 10,000 to Rs 15,000 per instance—which can add financial strain on companies that need to frequently freeze and unfreeze shares.</p><p>Small companies, defined as those with a paid-up capital not exceeding Rs 4 crore and a turnover of up to Rs 40 crore, are exempt from the mandatory Dematerialisation of shares. This exemption does not apply to holding or subsidiary companies, Section 8 companies, or entities governed by special acts. However, small companies may still need to adopt the Demat process in the future to stay competitive. Companies that delay implementation could face challenges in fundraising until the Demat system is in place. For shareholders, the shift to Demat requires opening a Demat account, which may pose hurdles for those unfamiliar with the process. However, with professional guidance, this transition can be managed smoothly.</p><p>Transitioning from paper-based securities to Dematerialisation involves adopting new technologies and incurring additional costs, such as opening and maintaining a Demat account. For shareholders accustomed to physical share certificates, this can feel like a loss of security, as they no longer have the physical proof of their share ownership.<br />However, the long-term benefits outweigh the initial challenges. Demat accounts make corporate actions, fundraising, and securities transfer far more efficient, reducing the potential for errors and disputes.</p><p>While the Demat mandate brings numerous benefits—such as enhanced transparency, easier fundraising, and a more robust corporate environment—it also requires companies to adapt to new processes and technologies. Private companies must navigate the complexities of share transfer regulations and consider the costs of ensuring compliance with the Companies Act. As public expenditure increases and rural economies strengthen, the overall growth trajectory of India’s corporate sector remains promising. However, the Demat mandate will require careful implementation to balance the need for transparency with the operational realities faced by private companies.</p><p>In the coming months, as more companies adopt the Demat system, it will be crucial to monitor how this shift impacts India’s corporate ecosystem and whether additional adjustments to the regulations will be necessary.</p><p>The post <a rel="nofollow" href="https://moneynomical.com/dematerialisation-mandate-impacts-1-6-million-companies-60-of-india-inc-transitions-to-demat-securities-from-october-1/3488/">Dematerialisation mandate impacts 1.6 million companies: 60% of India Inc transitions to Demat securities from October 1</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/dematerialisation-mandate-impacts-1-6-million-companies-60-of-india-inc-transitions-to-demat-securities-from-october-1/3488/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>India’s FY25 economic growth: 6.7% GDP rise driven by 7.5% investment surge and broad-based sector expansion</title> <link>https://moneynomical.com/indias-fy25-economic-growth-6-7-gdp-rise-driven-by-7-5-investment-surge-and-broad-based-sector-expansion/3484/</link> <comments>https://moneynomical.com/indias-fy25-economic-growth-6-7-gdp-rise-driven-by-7-5-investment-surge-and-broad-based-sector-expansion/3484/#respond</comments> <dc:creator><![CDATA[Moneynomical Newsdesk]]></dc:creator> <pubDate>Fri, 04 Oct 2024 08:20:46 +0000</pubDate> <category><![CDATA[Economy]]></category> <category><![CDATA[Indian Market]]></category> <category><![CDATA[economy]]></category> <category><![CDATA[equity]]></category> <category><![CDATA[Finance]]></category> <category><![CDATA[GDP]]></category> <category><![CDATA[India]]></category> <category><![CDATA[invest]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[investment]]></category> <category><![CDATA[market]]></category> <category><![CDATA[sector]]></category> <category><![CDATA[Sensex]]></category> <category><![CDATA[stock]]></category> <category><![CDATA[Stock Market]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3484</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Economy" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>India’s economic momentum continued to flourish in FY25, showcasing resilience and broad-based growth across sectors. After a cumulative real GDP growth of around 27% since FY21, the nation has not only recovered from the pandemic’s economic disruption but also achieved significant structural improvements in many productive areas by the close of FY24. The foundation laid […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/indias-fy25-economic-growth-6-7-gdp-rise-driven-by-7-5-investment-surge-and-broad-based-sector-expansion/3484/">India’s FY25 economic growth: 6.7% GDP rise driven by 7.5% investment surge and broad-based sector expansion</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Economy" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>India’s economic momentum continued to flourish in FY25, showcasing resilience and broad-based growth across sectors. After a cumulative real GDP growth of around 27% since FY21, the nation has not only recovered from the pandemic’s economic disruption but also achieved significant structural improvements in many productive areas by the close of FY24. The foundation laid during these years is now enabling India to maintain a strong economic trajectory, with the GDP at constant prices growing by 6.7% in Q1 FY25.</p><p>All major non-agricultural sectors reported growth rates exceeding 5%, signaling a broad-based economic expansion. This growth pattern underlines India’s increasing capacity in sectors like manufacturing, services, and infrastructure. Alongside these sectors, advancing monsoon conditions have spurred kharif sowing, which has improved the outlook for agricultural production, adding a further boost to the economy.</p><p>Reflecting the vibrant economic activity, the major components of aggregate demand—including private consumption, fixed investment, and exports—have all gained momentum. Despite government expenditure increasing slowly, owing to the general elections during April-June, private investment has surged, with overall investment growing by 7.5% in Q1 FY25. This marks a clear sign of the strengthening private investment cycle, which is essential for long-term economic stability.</p><p>High-frequency indicators on the supply side continue to project robust economic growth. Key metrics such as steady GST collections, an upward trend in the Purchasing Managers’ Indices (PMI), and increased air and port cargo traffic reflect sustained productivity and economic activity. These indicators suggest that the momentum built in the first quarter will persist, keeping India’s growth prospects strong in the near term.</p><p>The global trade environment remains dynamic, influenced by factors such as geopolitical conflicts, trade disputes, climate change, and the rapid advancement of Artificial Intelligence. Protectionist trade policies and shifting global supply chains are reshaping international trade, with the World Trade Organization (WTO) predicting gradual global trade growth for 2024 and 2025.</p><p>Despite these global challenges, India’s export of goods has shown minimal growth in the first five months of the year compared to the same period in 2023, largely due to weak global demand and persistent domestic challenges in scaling up production and competitiveness. Meanwhile, strong domestic demand has led to a rise in merchandise imports. However, urban consumption is showing signs of weakening, as evidenced by a decline in automobile sales in the same period.</p><p>Capital flows into India have remained steady, and Foreign Direct Investment (FDI) inflows have seen an uptick. Foreign portfolio investors were net buyers from April to August 2024, contributing to a rise in foreign exchange reserves, which have reached historically high levels. This inflow of capital is a critical factor in supporting India’s economic growth trajectory, as it bolsters the country’s ability to fund investments and maintain currency stability.</p><p>The labour market is showing signs of recovery, with net payroll additions under the Employees’ Provident Fund Organisation (EPFO) rising in Q1 FY25. This signals a rebound in formal job creation, which is vital for sustained economic growth and improving living standards. Headline retail inflation remained low at 3.7% in August 2024, with food inflation softening and core inflation remaining steady.</p><p>Looking ahead, replenished reservoir levels and increased kharif sowing acreage are positive signs for the food price outlook. However, the uneven spatial distribution of the monsoon could pose risks to agricultural output, which will require close monitoring. As the rural economy strengthens and public expenditure picks up, India’s growth is expected to remain robust in the coming quarters. With strong private consumption, rising investment, and steady global capital inflows, India is well-positioned to maintain its growth momentum through FY25. However, external factors such as global trade dynamics and domestic challenges in production and productivity will require continuous focus to ensure sustainable long-term growth.</p><p>This broad-based economic expansion, paired with a favorable inflation outlook and improving labour market conditions, paints a promising picture for India’s economic prospects in the coming months.</p><p>The post <a rel="nofollow" href="https://moneynomical.com/indias-fy25-economic-growth-6-7-gdp-rise-driven-by-7-5-investment-surge-and-broad-based-sector-expansion/3484/">India’s FY25 economic growth: 6.7% GDP rise driven by 7.5% investment surge and broad-based sector expansion</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/indias-fy25-economic-growth-6-7-gdp-rise-driven-by-7-5-investment-surge-and-broad-based-sector-expansion/3484/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Mustafa Yusufali Gom honored with Maharashtra Ratna Puraskar 2024 for contributions to building restoration in Mumbai</title> <link>https://moneynomical.com/mustafa-yusufali-gom-honored-with-maharashtra-ratna-puraskar-2024-for-contributions-to-building-restoration-in-mumbai/3480/</link> <comments>https://moneynomical.com/mustafa-yusufali-gom-honored-with-maharashtra-ratna-puraskar-2024-for-contributions-to-building-restoration-in-mumbai/3480/#respond</comments> <dc:creator><![CDATA[News Desk]]></dc:creator> <pubDate>Wed, 02 Oct 2024 06:54:15 +0000</pubDate> <category><![CDATA[Viewpoint]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3480</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>In a prestigious ceremony held at Yashwantrao Chavan Auditorium, Nariman Point, Mumbai, Afternoon Voice honored individuals for their remarkable contributions to business, professional excellence, peace, social progress, and community welfare. Among the recipients was Mustafa Yusufali Gom, Director of Care Takers Exterior and Interior Pvt Ltd, who received the Maharashtra Ratna Puraskar 2024 for his […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/mustafa-yusufali-gom-honored-with-maharashtra-ratna-puraskar-2024-for-contributions-to-building-restoration-in-mumbai/3480/">Mustafa Yusufali Gom honored with Maharashtra Ratna Puraskar 2024 for contributions to building restoration in Mumbai</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-5-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>In a prestigious ceremony held at <strong>Yashwantrao Chavan Auditorium</strong>, Nariman Point, Mumbai, <strong>Afternoon Voice</strong> honored individuals for their remarkable contributions to business, professional excellence, peace, social progress, and community welfare. Among the recipients was <strong>Mustafa Yusufali Gom</strong>, Director of <strong>Care Takers Exterior and Interior Pvt Ltd</strong>, who received the <strong>Maharashtra Ratna Puraskar 2024</strong> for his company’s outstanding work in <strong>building repairs and restoration</strong> in Mumbai.</p><p>Care Takers Exterior and Interior Pvt Ltd, led by Mustafa Yusufali Gom, has earned a reputation for excellence with a dedicated team of experienced structural engineers, supervisors, and experts in building restoration, contributing significantly to the urban development and maintenance of the city.</p><p>The event was attended by notable dignitaries, including <strong>Sonali Kulkarni</strong>, a celebrated Bollywood and Marathi actress, and <strong>Shri Deepak Kesar</strong>, Cabinet Minister for the Ministry of Education.</p><p>The <strong>Maharashtra Ratna Puraskar</strong> is an esteemed recognition that celebrates individuals and organizations for their exceptional contributions across various fields. Mustafa Yusufali Gom was lauded for his company’s pivotal role in improving Mumbai’s infrastructure through efficient and sustainable building restoration practices.</p><p>Afternoon Voice, the host of the event, is a leading platform that acknowledges and promotes excellence in business, social progress, and community welfare through its various initiatives.</p><p>The post <a rel="nofollow" href="https://moneynomical.com/mustafa-yusufali-gom-honored-with-maharashtra-ratna-puraskar-2024-for-contributions-to-building-restoration-in-mumbai/3480/">Mustafa Yusufali Gom honored with Maharashtra Ratna Puraskar 2024 for contributions to building restoration in Mumbai</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/mustafa-yusufali-gom-honored-with-maharashtra-ratna-puraskar-2024-for-contributions-to-building-restoration-in-mumbai/3480/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Munir Yusuf Khan awarded International Buddha Peace Award for contributions to building restoration and social impact</title> <link>https://moneynomical.com/munir-yusuf-khan-awarded-international-buddha-peace-award-for-contributions-to-building-restoration-and-social-impact/3475/</link> <comments>https://moneynomical.com/munir-yusuf-khan-awarded-international-buddha-peace-award-for-contributions-to-building-restoration-and-social-impact/3475/#respond</comments> <dc:creator><![CDATA[News Desk]]></dc:creator> <pubDate>Wed, 02 Oct 2024 06:51:19 +0000</pubDate> <category><![CDATA[Viewpoint]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3475</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Munir Yusuf Khan, Proprietor of Avon Consulting Engineers, was honored with the International Buddha Peace Award at a prestigious ceremony organized by the Maitry Peace Foundation in Hyderabad. The award recognizes his outstanding contributions to peace, social progress, and community welfare through his leadership in the field of structural auditing, building repairs, and restoration. Khan, […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/munir-yusuf-khan-awarded-international-buddha-peace-award-for-contributions-to-building-restoration-and-social-impact/3475/">Munir Yusuf Khan awarded International Buddha Peace Award for contributions to building restoration and social impact</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Featured-Image-4-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Munir Yusuf Khan, Proprietor of <strong>Avon Consulting Engineers</strong>, was honored with the <strong>International Buddha Peace Award</strong> at a prestigious ceremony organized by the <strong>Maitry Peace Foundation</strong> in Hyderabad. The award recognizes his outstanding contributions to peace, social progress, and community welfare through his leadership in the field of structural auditing, building repairs, and restoration.</p><p>Khan, whose firm has completed over <strong>250 projects</strong>, was lauded for his dedication to sustainability and community impact in the construction and restoration industry. Under his guidance, <strong>Avon Consulting Engineers</strong> has become a prominent name in Mumbai, focusing on consultancy and project management services (PMC) for building repairs, with an emphasis on improving the quality of life and safety for residents.</p><h3>Key Highlights:</h3><ul><li><strong>Over 250 projects</strong> successfully completed with a focus on sustainability and community well-being.</li><li>Transformation of Avon Consulting Engineers into a leading firm in <strong>Mumbai</strong> specializing in building restoration and repairs.</li><li>Integration of business practices with compassion, enhancing safety and living conditions for local communities.</li><li>Recognition for his ongoing <strong>social activism</strong> and commitment to social responsibility.</li></ul><p>Upon receiving the award, Munir Yusuf Khan expressed his gratitude, stating:<br /><em>“I’m humbled to receive this prestigious award. I believe that business and compassion go hand-in-hand, and I’m committed to driving positive change in our community.”</em></p><p>The <strong>International Buddha Peace Award</strong> is a recognition of Khan’s efforts to not only lead in the construction sector but also his dedication to fostering positive social outcomes through his work. The award serves as a testament to his impact on improving both the structural safety of buildings and the well-being of the communities they serve.</p><p>The post <a rel="nofollow" href="https://moneynomical.com/munir-yusuf-khan-awarded-international-buddha-peace-award-for-contributions-to-building-restoration-and-social-impact/3475/">Munir Yusuf Khan awarded International Buddha Peace Award for contributions to building restoration and social impact</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/munir-yusuf-khan-awarded-international-buddha-peace-award-for-contributions-to-building-restoration-and-social-impact/3475/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Eye care giant Dr Agarwal’s Health Care plans to raise Rs 3,000-3,500 crore through IPO</title> <link>https://moneynomical.com/eye-care-giant-dr-agarwals-health-care-plans-to-raise-rs-3000-3500-crore-through-ipo/3471/</link> <comments>https://moneynomical.com/eye-care-giant-dr-agarwals-health-care-plans-to-raise-rs-3000-3500-crore-through-ipo/3471/#respond</comments> <dc:creator><![CDATA[Moneynomical Newsdesk]]></dc:creator> <pubDate>Tue, 01 Oct 2024 06:46:23 +0000</pubDate> <category><![CDATA[Indian Market]]></category> <category><![CDATA[Bombay Stock Exchange]]></category> <category><![CDATA[BSE]]></category> <category><![CDATA[economy]]></category> <category><![CDATA[equity]]></category> <category><![CDATA[eye hospital]]></category> <category><![CDATA[Finance]]></category> <category><![CDATA[healthcare]]></category> <category><![CDATA[India]]></category> <category><![CDATA[initial public offering]]></category> <category><![CDATA[invest]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[investment]]></category> <category><![CDATA[IPO]]></category> <category><![CDATA[NSE]]></category> <category><![CDATA[sector]]></category> <category><![CDATA[Sensex]]></category> <category><![CDATA[stock]]></category> <category><![CDATA[Stock Market]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3471</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="eye hospital" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Dr Agarwal’s Health Care, an eye care services provider backed by Temasek Holdings and TPG, has filed preliminary documents with the capital markets regulator to raise an estimated Rs 3,000-3,500 crore through its initial public offering (IPO). This marks a significant move for the company, which is a leader in India’s eye care services market. […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/eye-care-giant-dr-agarwals-health-care-plans-to-raise-rs-3000-3500-crore-through-ipo/3471/">Eye care giant Dr Agarwal’s Health Care plans to raise Rs 3,000-3,500 crore through IPO</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="eye hospital" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-3-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>Dr Agarwal’s Health Care, an eye care services provider backed by Temasek Holdings and TPG, has filed preliminary documents with the capital markets regulator to raise an estimated Rs 3,000-3,500 crore through its initial public offering (IPO). This marks a significant move for the company, which is a leader in India’s eye care services market.</p><p>The IPO will consist of two main components:</p><p>Fresh issue of shares up to Rs 300 crore<br />Offer For Sale (OFS) of up to 6.95 crore equity shares by promoters and selling shareholders, including Arvon Investments Pte. Ltd, Claymore Investments (Mauritius) Pte. Ltd, and Hyperion Investments Pte. Ltd.</p><p>In addition, a portion of the IPO will be reserved for eligible employees, as detailed in the company’s draft red herring prospectus (DRHP). According to the draft papers filed, the fresh issue proceeds Rs 195 crore will primarily be used to reduce debt. The remaining funds will go towards general corporate purposes and potential unidentified acquisitions as part of the company’s expansion plans.</p><p>Dr Agarwal’s Health Care has built a strong reputation in India, offering a broad range of eye care services including:<br />Cataract surgeries<br />Refractive surgeries<br />Consultations<br />Diagnosis<br />Non-surgical treatments</p><p>The company also sells optical products, contact lenses, accessories, and eye care-related pharmaceutical items. According to a CRISIL MI&A report, Dr Agarwal’s Health Care commanded 25% of the total eye care service chain market in India during FY 2024.</p><p>As of March 31, 2024, Dr Agarwal’s Health Care operated 180 facilities, of which 165 were in India, with a significant presence in South India, particularly in Chennai, Hyderabad, and Bengaluru, followed by Western India. This extensive network has helped the company maintain its strong position in the eye care market.</p><p>On the financial front, Dr Agarwal’s Health Care reported:<br />Revenue from operations: Rs 1,332.15 crore in Fiscal 2024<br />Profit after tax: Rs 95.05 crore</p><p>The IPO is being led by several prominent investment banks, including Kotak Mahindra Capital Company, Morgan Stanley India Company, Jefferies India, and Motilal Oswal Investment Advisors.<br />With strong financial performance and ambitious expansion plans, Dr Agarwal’s Health Care’s IPO is expected to attract significant interest from both institutional and retail investors. The funds raised will not only help in reducing the company’s debt but also fuel future growth through potential acquisitions and broader market penetration.</p><p> </p><p>The post <a rel="nofollow" href="https://moneynomical.com/eye-care-giant-dr-agarwals-health-care-plans-to-raise-rs-3000-3500-crore-through-ipo/3471/">Eye care giant Dr Agarwal’s Health Care plans to raise Rs 3,000-3,500 crore through IPO</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/eye-care-giant-dr-agarwals-health-care-plans-to-raise-rs-3000-3500-crore-through-ipo/3471/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Japan’s unemployment falls to 2.5%, China’s manufacturing PMI drops to 49.3, and India’s External debt ratio declines to 18.8%</title> <link>https://moneynomical.com/japans-unemployment-falls-to-2-5-chinas-manufacturing-pmi-drops-to-49-3-and-indias-external-debt-ratio-declines-to-18-8/3467/</link> <comments>https://moneynomical.com/japans-unemployment-falls-to-2-5-chinas-manufacturing-pmi-drops-to-49-3-and-indias-external-debt-ratio-declines-to-18-8/3467/#respond</comments> <dc:creator><![CDATA[Moneynomical Newsdesk]]></dc:creator> <pubDate>Tue, 01 Oct 2024 06:28:43 +0000</pubDate> <category><![CDATA[Indian Market]]></category> <category><![CDATA[China]]></category> <category><![CDATA[economy]]></category> <category><![CDATA[equity]]></category> <category><![CDATA[Finance]]></category> <category><![CDATA[India]]></category> <category><![CDATA[invest]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[investment]]></category> <category><![CDATA[Japan]]></category> <category><![CDATA[manufacturing]]></category> <category><![CDATA[unemployment]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3467</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="economy" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>In recent global economic developments, data from Japan, China, and India reveal shifting dynamics in employment, manufacturing, and debt ratios, providing critical insights into the financial outlook for these regions. Japan’s unemployment rate dropped to 2.5% in August 2024, down from July’s 11-month peak of 2.7%, beating market expectations of 2.6%. This positive trend highlights […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/japans-unemployment-falls-to-2-5-chinas-manufacturing-pmi-drops-to-49-3-and-indias-external-debt-ratio-declines-to-18-8/3467/">Japan’s unemployment falls to 2.5%, China’s manufacturing PMI drops to 49.3, and India’s External debt ratio declines to 18.8%</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="economy" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/10/Copy-of-Business-Upturn-2-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>In recent global economic developments, data from Japan, China, and India reveal shifting dynamics in employment, manufacturing, and debt ratios, providing critical insights into the financial outlook for these regions.</p><p>Japan’s unemployment rate dropped to 2.5% in August 2024, down from July’s 11-month peak of 2.7%, beating market expectations of 2.6%. This positive trend highlights a recovering labor market, driven by stable industrial output and demand in key sectors. The decline suggests that Japan is gradually overcoming the employment challenges posed by earlier economic disruptions, with a steady recovery trajectory in the labor market.</p><p>In China, the Caixin China General Manufacturing PMI fell to 49.3 in September, down from 50.4 in August. This figure missed the market forecast of 50.5, signaling a contraction in the manufacturing sector, as the PMI slipped below the 50-mark, which separates growth from contraction. The drop indicates the lowest level since July 2023, pointing to weakened demand and production in China’s manufacturing sector, which could impact global supply chains and economic growth.</p><p>In Japan, the Bank of Japan’s index for big manufacturers’ sentiment held steady at 13 in Q3 of 2024, matching market forecasts. This marks the second consecutive period of stability in sentiment, indicating cautious optimism among large manufacturers. While the sentiment index remains positive, manufacturers are likely weighing global uncertainties, including supply chain disruptions and fluctuating demand in key export markets.</p><p>India saw a slight improvement in its debt metrics, with external debt as a proportion of GDP declining to 18.8% by the end of June 2024, from 18.9% at the end of March 2024. This marginal decrease suggests improved debt management and a strong economic foundation, as the government continues to implement measures to control external borrowing and maintain financial stability.</p><p>India also reported a current account deficit of USD 9.7 billion for the quarter ending June 2024, amounting to 1.1% of GDP. This marks a widening of the deficit, driven by a rise in imports and relatively slower export growth. However, the manageable deficit level suggests that India remains on a stable economic footing, with room for improvement in balancing trade and financial flows.<br />India’s index of eight core industries recorded a 1.8% year-on-year decline in August 2024, following a 6.1% rise in July. The contraction reflects weaker performance in critical sectors such as coal, electricity, and steel, which may affect overall industrial output in the coming months. However, this decline could be temporary, with potential for recovery as infrastructure and industrial investments gain momentum.</p><p>These developments across Japan, China, and India highlight the varying economic trends in the Asia-Pacific region. While Japan shows promising signs of labor market recovery, China’s manufacturing sector faces challenges, and India continues to navigate its external debt and industrial performance.</p><p>The post <a rel="nofollow" href="https://moneynomical.com/japans-unemployment-falls-to-2-5-chinas-manufacturing-pmi-drops-to-49-3-and-indias-external-debt-ratio-declines-to-18-8/3467/">Japan’s unemployment falls to 2.5%, China’s manufacturing PMI drops to 49.3, and India’s External debt ratio declines to 18.8%</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/japans-unemployment-falls-to-2-5-chinas-manufacturing-pmi-drops-to-49-3-and-indias-external-debt-ratio-declines-to-18-8/3467/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>NTPC green energy partners with MAHAPREIT for 10 GW renewable energy projects ahead of IPO</title> <link>https://moneynomical.com/ntpc-green-energy-partners-with-mahapreit-for-10-gw-renewable-energy-projects-ahead-of-ipo/3464/</link> <comments>https://moneynomical.com/ntpc-green-energy-partners-with-mahapreit-for-10-gw-renewable-energy-projects-ahead-of-ipo/3464/#respond</comments> <dc:creator><![CDATA[Moneynomical Newsdesk]]></dc:creator> <pubDate>Fri, 27 Sep 2024 07:28:49 +0000</pubDate> <category><![CDATA[Indian Market]]></category> <category><![CDATA[Bombay Stock Exchange]]></category> <category><![CDATA[BSE]]></category> <category><![CDATA[economy]]></category> <category><![CDATA[equity]]></category> <category><![CDATA[Finance]]></category> <category><![CDATA[India]]></category> <category><![CDATA[initial public offering]]></category> <category><![CDATA[invest]]></category> <category><![CDATA[investing]]></category> <category><![CDATA[investment]]></category> <category><![CDATA[IPO]]></category> <category><![CDATA[NSE]]></category> <category><![CDATA[NTPC]]></category> <category><![CDATA[sector]]></category> <category><![CDATA[stock]]></category> <category><![CDATA[Stock Market]]></category> <guid isPermaLink="false">https://moneynomical.com/?p=3464</guid> <description><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="NTPC" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd, has entered a joint venture with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT) to develop 10 GW of renewable energy parks across India, including Maharashtra. This initiative aligns with NGEL’s strategy as it gears up for a much-anticipated Rs 10,000-crore Initial Public Offering […]</p><p>The post <a rel="nofollow" href="https://moneynomical.com/ntpc-green-energy-partners-with-mahapreit-for-10-gw-renewable-energy-projects-ahead-of-ipo/3464/">NTPC green energy partners with MAHAPREIT for 10 GW renewable energy projects ahead of IPO</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></description> <content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1200" height="675" src="https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="NTPC" decoding="async" loading="lazy" srcset="https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2.jpg 1200w, https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2-300x169.jpg 300w, https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2-1024x576.jpg 1024w, https://moneynomical.com/wp-content/uploads/2024/09/Copy-of-Business-Upturn-1-2-768x432.jpg 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></div><p>NTPC Green Energy Limited (NGEL), a subsidiary of NTPC Ltd, has entered a joint venture with Mahatma Phule Renewable Energy and Infrastructure Technology Ltd. (MAHAPREIT) to develop 10 GW of renewable energy parks across India, including Maharashtra. This initiative aligns with NGEL’s strategy as it gears up for a much-anticipated Rs 10,000-crore Initial Public Offering (IPO), which could become one of India’s largest IPOs in 2024.</p><p>According to the joint venture agreement, the new company will focus on developing renewable energy projects not only in Maharashtra but also in other states across India. The agreement was signed on September 26 by Rajiv Gupta, CEO of NGEL, and Bipin Shrimali, Managing Director of MAHAPREIT, in Mumbai.</p><p>Earlier this month, NTPC Green Energy filed a draft red herring prospectus (DRHP) with SEBI for the IPO, which will be an entirely fresh issue of equity shares. The IPO includes a special quota for NTPC Ltd shareholders, allowing investors who hold shares as of the filing date to participate in up to 10% of the offering.</p><p>As the JV prepares to develop 10 GW of renewable energy capacity, NGEL’s IPO is attracting significant attention from the market, positioning itself as a major player in India’s renewable energy landscape.</p><p>NGEL was established by NTPC, India’s largest power utility, to focus exclusively on renewable energy projects. As part of NTPC’s long-term vision to reduce its carbon footprint and shift towards sustainable power generation, NGEL is tasked with accelerating the adoption of clean energy technologies, including solar, wind, and hybrid energy projects. NTPC has set an ambitious goal of achieving 60 GW of renewable energy capacity by 2032, and NGEL is central to this strategy. Currently, NTPC’s total installed renewable energy capacity stands at around 2.3 GW, but with NGEL leading the charge, the company aims to rapidly scale this capacity over the next decade.</p><p>NTPC Green Energy Limited is poised to play a pivotal role in India’s renewable energy future. With ambitious projects, innovative technologies, and a landmark IPO on the horizon, NGEL is set to drive the country’s transition to a cleaner and greener energy landscape. As India strives to meet its climate goals, NTPC Green Energy stands at the forefront, ready to power the nation with sustainable solutions.</p><p>The post <a rel="nofollow" href="https://moneynomical.com/ntpc-green-energy-partners-with-mahapreit-for-10-gw-renewable-energy-projects-ahead-of-ipo/3464/">NTPC green energy partners with MAHAPREIT for 10 GW renewable energy projects ahead of IPO</a> appeared first on <a rel="nofollow" href="https://moneynomical.com">Moneynomical</a>.</p>]]></content:encoded> <wfw:commentRss>https://moneynomical.com/ntpc-green-energy-partners-with-mahapreit-for-10-gw-renewable-energy-projects-ahead-of-ipo/3464/feed/</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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