China's Q4 GDP hits early speed bump as Covid stifles economy
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China's economic growth is hitting an early speed bump in the fourth quarter as Covid-19 curbs and anxieties further tapped the brakes on travel and shipping, constraining consumption and commerce in the world's second-largest economy.
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After Monday's significant losses, the Indian stock market rebounded strongly, fueled by positive global cues and short covering. The Sensex surged by 1.5%, and the Nifty by 1.7%, adding substantial wealth to investors. However, analysts advise caution, citing ongoing trade negotiations and FPI selling, with RBI's interest rate decision expected to influence future trading. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/12rpnD7
ONGC-NTPC Green Pvt Ltd's joint venture signed a $2.3 billion deal to acquire Ayana Renewable Power Pvt Ltd, marking their first strategic investment since 2024. The acquisition aligns with the net-zero vision of ONGC and NTPC, leveraging Ayana's extensive renewable portfolio for further expansion and growth. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hBTjsly
Mobile phone manufacturers like Foxconn and the Tata group have urged the Indian government to reduce import duties from the US to 0%, fearing business loss to China and Vietnam if reciprocal tariffs are imposed. The companies emphasize an urgent bilateral agreement with the US, highlighting the potential shift in production locations if tariffs increase. from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/aEiVx3n
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