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economy to average 6.7% growth between FY24 and FY31 and double the size of the economy to $6.7 trillion within the next eight years, S&P Global Ratings stated in its report released on Thursday. S&P stated that India can capitalise on this moment when the world faces unprecedented transition and uncertainty.

NTT Data Payments Services India, which has grown through a clutch of acquisitions including that of Atom Technologies, is keen to do more such deals as it seeks to become a top-five player in the next few days. The domestic arm of the Japanese tech major last September received in-principle approval from the Reserve Bank for a payment aggregator licence and is today among the top ten in this already cluttered space.

Rahul Guha, MD & CEO, Thyrocare, says: “Our partnerships business is coming along well. We will partner, of course, with the government as well to participate in many of the health tenders that are coming up in the next couple of quarters. Most of our capital allocation for the next year is going to fund our international expansion.

The Ray-Ban smart glasses launched by Meta Platforms almost two years ago have struggled to catch on with owners, many of whom appear to be using the devices infrequently, according to internal company data. Less than 10% of the Ray-Ban Stories purchased since the product’s launch in September 2021 are used actively by purchasers, according to a company document from February reviewed by The Wall Street Journal.

Mahindra & Mahindra and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for the latter to invest Rs1200 crores into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicles company, Mahindra and Mahindra said in a filing to the stock exchanges. Temasek will invest Rs1200 crores in the form of Compulsorily Convertible Preference Shares (CCPS) at a valuation of up to Rs 80,580 ($9.74 billion) crores resulting in Temasek’s ownership of a 1.49% to 2.97% stake in MEAL. ET had reported on the company’s fund-raising plans in its July 10 edition.

MinterEllison has hired former AGL executive and McKinsey partner Joao Segorbe as a partner in its ESG consulting practice.

Downer EDI’s boss, Peter Tompkins, says the troubled contractor’s new management team has “a good grip on all known issues” after disclosing $550 million in write-downs ahead of the company’s annual results.

A Perth-based hedge fund that counts former Reserve Bank governor Glenn Stevens on its investment committee has had its licence suspended by the corporate regulator for holding insufficient assets.

UBS’ mega-merger with Credit Suisse enables the enlarged Swiss bank’s asset management division to work more closely with its former rival’s private banking client base.

Stock market today: Following weak global market sentiments after Tich downgraded US credit rating, Indian stock market extended sell off on second day in row on Thursday. However, despite weakness in stock market today, Indian Railway Finance Corporation (IRFC) share price has managed to atrract buying interest among Dall Street bulls. IRFC share price today opened upside and went on to hit intraday high of ₹44.65 apiece on NSE, logging near 12.50 per cent rise during Thursday deals.

Temasek signed an agreement with automotive major Mahindra & Mahindra to invest Rs 1,200 crore in its passenger electric vehicles (EV) company MEAL at a valuation of $9.8 billion, the company said in a stock exchange notification on Thursday. Temasek will join British International Investments (BII) as an investor in MEAL, the company said in a statement. BII had earlier signed an agreement with Mahindra Electric to invest Rs 1,925 crore ($250 million) in July 2022 through compulsory convertible preference shares, which would result in a stake of 2.75-4.76%, depending upon milestones achieved.

₹4,400 crore, and a 4% sequential growth. Robust disbursements contributed to a substantial 28% YoY surge in business assets, totalling ₹88,100 crore. Furthermore, the company showcased stable asset quality metrics, as both Stage-3 and Stage-2 assets remained steady compared to June.

Adani Ports and Special Economic Zone Ltd, part of the Adani Group, said that it recorded bumper cargo volumes of 34 MMT in July this year--a 7% jump year-on-year (YoY). According to a statement on the stock exchange, APSEZ said that growth was observed across most ports, with containers over 23% and liquid & gas more than 27% in the previous month, respectively. During the initial four months of FY 2024 (April-July), APSEZ handled 135.4 MMT of total cargo--recorded 11% YoY growth, the company said.

MPs are hopeful that the Delhi ordinance bill can be stopped in the Rajya Sabha and BJP-led NDA government does not have a majority in the upper house. "They (government) have a majority in Lok Sabha, however, it's a different situation in Rajya Sabha. Therefore, we will discuss over it (Delhi services bill) and demand voting too.

The October gold futures were trading with declines at Rs 59,393 per 10 grams on the MCX in the opening trade, down Rs 78 or 0.13%. Meanwhile, September Silver futures were trading at Rs 72,616, down Rs 344 or 0.47%. MCX gold ended with minor gains on Wednesday, while silver futures fell sharply by 1.37% or Rs 1,010.Click to know more On the Comex, Gold futures were trading at $1,972.10 per troy ounce on Thursday, down $2.90 or 0.15% while Silver futures trading at $23.820, up $0.052 or 0.220%.

Steve Englander, Global Head of G10 FX Research and North America Macro Strategy, Standard Chartered Bank, says the “equity markets were overenthusiastic over the last couple of months. I do not think that the Fitch reason is any reason for them to sell off. But if we are right that the US is going into a moderate recession, it is actually going to be good for risk appetite because it will lower the discount factor in all asset markets.

The role and importance of partnerships in a growing economy realme recognises the numerous benefits of collaborating with distributors, which allows it to tap into its extensive reach and market expertise. Through these partnerships, realme gains access to a vast customer base, making its products accessible to diverse consumer segments in various markets.

By Sahil SwaroopThe daily trend of Eicher Motors is bullish to sideways. The RSI for monthly, weekly and daily is showing sideways momentum.

Piyush Goyal on Wednesday held a detailed discussion with representatives of e-commerce firms and domestic traders body CAIT on issues related to the sector, including the proposed policy, an official said. Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal, who attended the meeting, said that it was indicated in that the national e-commerce policy would be released by the government in the coming months. He also said that all the stakeholders agreed to implement and follow the policy in letter and spirit.

Read here)There should be no compromise with the government on the bill to replace the Delhi services ordinance, NCP founder and Rajya Sabha member Sharad Pawar said on Wednesday.The Union government had on Tuesday tabled the contentious bill in Lok Sabha to replace the Delhi services ordinance amid vociferous protests by opposition members, who termed it a "murder of democracy", evoking a sharp retort of "politically motivated" jibe from Home Minister Amit Shah.There should be no compromise with the government on the bill to replace the Delhi services ordinance, Pawar said during a meeting of opposition parties for shaping a strategy for cornering the BJP in Parliament, as reported by PTIINDIA parties floor leaders will meet at 10am in the office of the Leader of Opposition Rajya Sabha in Parliament to chalk out the strategy for the floor of the house.

dollar was perched near a four-week high on Thursday, shrugging off a U.S. credit rating downgrade that cast doubt on the country's fiscal outlook, and instead got a leg up from strong private payrolls data. Data out on Wednesday showing U.S.