Chequered Flag Nov. 29: Headlines At A Glance

Current highlights include India's GDP growth rate, fiscal deficit developments, and other significant economic indicators.

GDP Growth Slows To 5.4%

India's gross domestic product (GDP) growth has decreased to 5.4%, marking its lowest growth rate in seven quarters. This is a drop from the previously reported rate of 6.7% in the last quarter.

Fiscal Deficit Reaches 46.5% Of FY25 Target

The Union government's fiscal deficit has reached 46.5% of its budgetary target at the end of the first seven months of the financial year. This development highlights ongoing challenges in maintaining fiscal balance.

Eight Core Sectors Grow 3.1% In October

The index measuring the performance of core sectors recorded a growth of 3.1% in October, a rise from 2% documented in September, indicating improving production in these sectors.

Forex Reserves Fall To $656.58 Billion

India's foreign exchange reserves have declined to $656.58 billion for the week ending November 22, as reported by the Reserve Bank of India (RBI). This drop could impact the country's currency stability and trade.

Nifty, Sensex Rise for Second Week

In the stock market, the NSE Nifty 50 index increased by 0.91%, closing at 24,131.10, while the BSE Sensex rose by 0.96%, ending at 79,802.79. This marks a positive trend for the second consecutive week.

RBL Bank, Bajaj Finance Stop Issuing New Co-Branded Credit Cards

RBL Bank and Bajaj Finance have decided to suspend the issuance of new co-branded credit cards, indicating a strategic shift in their financial products.

Aster DM, Quality Care To Merge

Aster DM Healthcare is set to merge with Quality Care India, backed by Blackstone and TPG, through a share-swap agreement. This merger is expected to strengthen their market position.

Cipla Promoters To Exit Via Rs 2,000-Crore Block Deal

Promoters of Cipla, including Samina Hamied and Rumana Hamied, are planning to exit the company by offloading stakes valued at Rs 2,004 crore through a block deal scheduled for Monday.

GDP, Economy, Deficit, Forex, Market