Chequered Flag Nov. 29: Headlines At A Glance

In today's financial news, various key economic indicators have been reported, highlighting challenges and movements in India's economy.

GDP Growth Slows To 5.4%

India's gross domestic product (GDP) has shown a slower growth rate, expanding by only 5.4%. This marks the slowest growth in seven quarters, compared to the previous quarter's rate of 6.7%.

Fiscal Deficit Reaches 46.5% Of FY25 Target

The Union government's fiscal deficit stands at 46.5% of its budget target by the end of the first seven months of the current financial year, raising concerns over budgetary control.

Eight Core Sectors Grow 3.1% In October

The index measuring the performance of eight core industries increased by 3.1% in October, an improvement from the 2% growth observed in September.

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.

Nifty, Sensex Rise for Second Week

The stock markets have shown positive trends, with the NSE Nifty 50 index closing up by 0.91%, or 216.95 points, at 24,131.10. Similarly, the BSE Sensex recorded a rise of 0.96%, or 759.05 points, ending at 79,802.79.

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

In a significant move, RBL Bank and Bajaj Finance have announced a halt on the issuance of new co-branded credit cards, potentially impacting customers.

Aster DM, Quality Care To Merge

A merger has been announced between Aster DM Healthcare and Quality Care India, which is backed by Blackstone and TPG. This will be executed through a share-swap agreement.

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

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

This update emphasizes the current economic landscape and corporate movements within India.

GDP, Deficit, Forex, Markets, Mergers, Stocks, Healthcare, Finance