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urbanization, the housing industry is poised for significant transformation as half of India's population is projected to live in urban areas, up from 31% in 2011, said the Economic Survey for 2023-24.

Economic Survey 2024 Live UpdatesThe Union government tabled the Economic Survey 2023-24 in Parliament. The Economic Survey document, prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance and formulated under the supervision of the chief economic adviser, gives insights into the state of the economy and various indicators of 2023-24 (April-March) and some outlook for the current year.

Economic Survey 2023-24 tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday.

Shares of Oberoi Realty jumped 6.5% to Rs 1780 in Monday's trade on BSE after the firm reported an 82% increase in its consolidated net profit to Rs 584.51 crore for the first quarter of the current fiscal on higher income. Its net profit stood at Rs 321.64 crore in the year-ago period. The company's revenue from operations increased 54.4% to Rs 1,405.2 crore against Rs 910 crore in the corresponding period of the preceding fiscal.

World Gold Council (WGC), many consumers have shifted from jewellery to gold bars and coins as the prices of the yellow metal have surged, making it a preferred asset class among investors. Seasonal factors and high prices have dampened the demand for gold jewellery. At the same time, anecdotal reports indicate persistent demand for bars and coins, indicating a likely shift from jewellery to bars and coins for some consumers. Moreover, there hasn’t been significant distress selling of gold or profit taking from gold sales that are being reported, as consumers anticipate further price increases, said Kavita Chacko, research head, India, WGC. The period from mid-May to July is typically a slack season for jewellery purchasing. A potential revival in demand is expected with the onset of the festival season in the latter part of Q3. The sustained momentum in the domestic economy, coupled with favourable progress in monsoons and crop sowing, has raised expectations of an uptick in demand (both rural and urban) in the coming months.

JSW Infrastructure Ltd, India’s second-largest port operator, is considering building green hydrogen and ammonia plants at its ports to diversify into this potential growth market. “This is a new age business that is emerging. We have been contemplating and exploring opportunities in this sector,” Arun Maheshwari, joint managing director told ET. “We’ve been approached by companies interested in the green hydrogen and ammonia segment, and we are evaluating the potential to enter this market as well,” he added.

Rajouri district, Jammu and Kashmir, officials said. The incident occurred at 4 a.m. when terrorists opened fire on the post. Troops guarding the post retaliated immediately, resulting in fierce exchanges of gunfire. An Army spokesperson confirmed the retaliation and subsequent actions. «The troops foiled the attack, following which a cordon and search operation was launched by security forces in the area,» the spokesperson stated. «Terrorist fire was returned. The soldier injured in the firing by the terrorists was shifted to hospital,» said an official source.

Drilled down to its basics, a budget, whether of the government or a household, is essentially the same. It must balance expenditure on one hand with receipts or income on the other. But there is one key difference.

MoEFCC) plans to promote urban biodiversity to mitigate pollution, provide cleaner air, reduce noise, and harvest water, the official added. Further, pointing out that biodiversity will help issues such as spiralling mosquito population and monkeys moving into cities due to lack of green spaces, the official also noted that water conservation and crop production are other concern areas that can be addressed with urban forests. “If you look especially at South Delhi, the water table is depleting faster and many plants are needed to restore greenery," the person said.

CapitaLand India Trust, formerly known as Ascendas India Trust, part of CapitaLand Group, has acquired realty developer Aurum Ventures’ 22-storey, fully leased sustainable office tower, spread over 8.5 lakh sq ft in Navi Mumbai’s Ghansoli locality, for Rs 707 crore, said people with direct knowledge of the development. The deal is among the largest acquisitions of a standalone commercial tower by any global institutional investor in India. CapitaLand India Trust Management has acquired the multi-tenanted tower ‘Building Q2’ in Aurum Q Parc in its capacity as trustee-manager of CapitaLand India Trust, a Real Estate Investment Trust (REIT) focusing on India.

paddy cultivation emits 5 tonnes of CO2 equivalent/ha of GHG emissions in these states, the highest GHG/ha among states. Climate change-induced erratic weather patterns, rising temperatures and heatwaves exacerbate this existential threat. While many experts advocate farmers diversify from paddy, the economic reality is that policies and subsidies are skewed towards paddy cultivation. According to an ICRIER study, 'Saving Punjab and Haryana from Ecological Disaster: Re-aligning Agri-Food Policies', paddy received highest subsidy among all crops in Punjab, approximately ₹38,973 per ha during 2023-24. This included subsidies from GoI (fertiliser) and Punjab state government (power and canal irrigation). When considering additional subsidies for managing crop residues in the field and post-harvest, financial support for paddy cultivation would easily go beyond ₹40k per hectare.

According to JPMorgan analysts, any recent rebound in cryptocurrency prices should be viewed as tactical rather than the start of a lasting upward trend.

This is the main budget for the third term of the Modi government. Firstly, the exemption limit for long-term capital gains, currently set at one lakh rupees per person since 2018, should be revisited. Given market valuations and inflation, it should be increased to two lakhs. Secondly, debt-linked saving schemes should be introduced. Currently, only equity-linked saving schemes get an exemption under Section 80C, while other instruments like post office schemes, EPF, and PPF are included. Mutual funds are not just equity platforms; they also encompass debt platforms. Including debt-linked saving schemes in the 80C one-and-a-half lakh limit would be beneficial. <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-tabool

Union Budget for 2024-25, expectations are high for measures that will stimulate economic growth and attract foreign investment. Businesses are waiting with bated breath to see what reforms and reliefs are introduced for the financial year ahead. It is expected that Union Budget would be an agent of change in ushering India towards the long-enumerated feat of realizing $5 trillion economy by the government.

India’s 7,600 km-long coastline presents an enormous opportunity to ramp up the country’s offshore wind power capacity, thereby increasing clean electricity supply for the country’s growing economy, and creating sustainable jobs. The government last month approved a ₹7,453 crore (~USD 900 million) offshore wind funding scheme, a welcome move to kickstart the industry —but a considerably larger financial support will be required to ensure the sector’s sustainable growth and promote manufacturing of offshore wind turbines.

investors injected Rs 30,772 crore into Indian equities so far this month, driven by hopes of continued policy reforms, sustained economic growth and a better-than-expected earnings season. Additionally, the anticipation of a reform-oriented budget has also lifted investor sentiment, Himanshu Srivastava, Associate Director — Manager Research at Morningstar Investment Research India, said. Going forward, if the recent trend of weakness in dollar and bond yields persists, FPIs are likely to continue their buying in the market, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Shoppers Stop, Reliance Retail, Lifestyle and VMart bet on a flurry of nuptial celebrations in the second half of this fiscal to reverse their tepid sales growth and boost demand. There will be about 47 auspicious wedding dates in the second half, three times more than 14 in the first half, they reason. “We are looking at a very strong festive campaign, and weddings will be very, very big as we have somewhere around 50-odd (auspicious) days,” Kavindra Mishra, managing director of Shoppers Stop, said during its first quarter earnings call on Friday. “We believe we have got the right kind of merchandise to be a wedding destination,” he said. In FY24, year-on-year retail sales growth rate declined every month, reflecting weak consumer sentiment across segments such as apparel, footwear, and quick service restaurants (QSR).

This is what exactly the counter-sniper from the US Secret Service faced when he eliminated Thomas Crooks who tried to assassinate Donald Trump at Butler in Pennsylvania. The Secret Service counter-sniper killed him with a single shot which has been described as a ‘one in a million shot’ by Fox News.

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“The utilization has improved and is perhaps at a reasonable high. Every time we have said that we have improved quarter-on-quarter, but right now it is safe to say that it is where we would like it to be. There are other factors such as improvement in fixed price productivity, optimization of our overheads, and inducting freshers into the workforce that help in improving the pyramid,” said Aparna Iyer, CFO, Wipro. Edited excerpts: ET Now: Walk us through the various tailwinds and the various headwinds that have been at play when you arrived at your margins this time.

Union Budget 2024: India's ambitious goal of becoming a developed country by 2047 closely aligns with the growth of its real estate sector. Thanks to its impressive economic surge in recent times, supported by the real estate sector's contributions to urban development, it is anticipated that by 2030, 40% of India's population will reside in urban areas. While other growth indicators are on the rise, India’s real estate industry will play a crucial role in achieving the country's sustainable development goals, given that it accounts for 8% of its GDP. Looking ahead, real estate could serve as the cornerstone of a resilient economy, around which all other factors would revolve.