1 Minute News | 2 December 2024
| Monday, 2 Dec 2024 – 1 min read |
 FDI inflows soar 45% to $29.79 billion in April-September 2024! Fueled by robust investments in services, telecom, computer, and pharma sectors, up from $20.5 billion last year. |
| India’s spending surge slows down: Fueled by easy credit, the post-pandemic consumption boom is losing momentum, and analysts say a quick recovery isn’t likely. Expert opinion: “Consumption growth could remain weak for several quarters due to strained household finances, a cyclical economic downturn, and job automation,” said Saurabh Mukherjea, founder and CIO at Marcellus Investment Managers. |
| RBI’s big policy decision coming in December! All eyes are on the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting on December 6, with speculation on whether it will maintain the 6.5% repo rate or opt for a cut. |
| “Not the first time we have faced such challenges” Gautam Adani breaks silence on US bribery allegations against Adani Green Energy, addressing the issue at an awards ceremony. |
| “They can look for another ‘sucker’!” US President-elect Donald Trump on Sunday demanded that BRICS nations pledge not to create or support a new currency to replace the US dollar, warning that failure to do so would result in 100% tariffs. |
| Jet fuel prices jump again: ATF rates rise by 1.45%, while commercial LPG sees a ₹16.5 hike per cylinder, marking the second consecutive monthly increase after November’s 3.3% hike. |
| M&M to sell EVs alongside traditional models under one roof: The move aims to provide customers with all choices in one place. Backed by a ₹4,500 crore investment, the company gears up for two new electric brands and expanded production capacity. |
