Latest news with #MahaKumbhfestival
Economic Times
5 days ago
- Business
- Economic Times
India Q4 GDP FY25 Live: Faster growth ahead for India? Rural demand, farmers, and soft prices could be the reason
30 May 2025 | 08:53:06 AM IST India GDP Q4 FY25 Data Live Updates: The Indian economy likely gained momentum in Q4 FY25, boosted by strong agricultural output and rural demand, says an ET poll. Growth is pegged at 6.8% for the quarter, below RBI's 7.2% forecast, with FY25 growth estimated at 6.3%. India GDP Q4 FY25 Data Live Updates: India's Q4 FY25 GDP likely grew 6.8%, led by strong rural demand and lower inflation. Recovery is uneven as urban demand lags and US tariff talks continue. India GDP Q4 FY25 Data FAQs What is the estimated GDP growth of India in Q4 FY25?India's GDP growth for Q4 FY25 is estimated at 6.8%, according to an ET poll of economists. How does the Q4 FY25 GDP growth estimate compare with RBI's forecast? The Q4 FY25 GDP growth estimate of 6.8% is lower than the Reserve Bank of India's forecast of 7.2%. What is India's expected GDP growth for the full FY25? The median forecast for India's GDP growth in FY25 is 6.3%, slightly below the government's estimate of 6.5%. What factors are driving India's economic growth in Q4 FY25? Strong agricultural output, increased rural demand, inventory stocking ahead of potential US tariffs, and the Maha Kumbh festival have supported growth. How have inflation trends affected India's economic growth in Q4 FY25? Lower wholesale and retail inflation, averaging 2.3% and 3.7% respectively, have helped bolster real growth in the quarter. What is the impact of US tariffs on India's economy? The US has paused a planned 26% tariff on Indian goods for 90 days until July, but a baseline 10% tariff remains. India and the US are negotiating a bilateral trade agreement. Is India's economic recovery fully back on track? No, recovery is uneven with weak urban demand, muted corporate earnings, lagging capital expenditure, and tight financial conditions restraining a full rebound. When will the official GDP data for Q4 FY25 be released? The National Statistical Office (NSO) will release the official Q4 FY25 GDP figures and provisional FY25 estimates on May 30. Show more
Time of India
5 days ago
- Business
- Time of India
India Q4 GDP FY25 Live: Faster growth ahead for India? Rural demand, farmers, and soft prices could be the reason
30 May 2025 | 08:53:06 AM IST India GDP Q4 FY25 Data Live Updates: The Indian economy likely gained momentum in Q4 FY25, boosted by strong agricultural output and rural demand, says an ET poll. Growth is pegged at 6.8% for the quarter, below RBI's 7.2% forecast, with FY25 growth estimated at 6.3%. India GDP Q4 FY25 Data Live Updates: India's Q4 FY25 GDP likely grew 6.8%, led by strong rural demand and lower inflation. Recovery is uneven as urban demand lags and US tariff talks continue. India GDP Q4 FY25 Data FAQs What is the estimated GDP growth of India in Q4 FY25?India's GDP growth for Q4 FY25 is estimated at 6.8%, according to an ET poll of economists. How does the Q4 FY25 GDP growth estimate compare with RBI's forecast? The Q4 FY25 GDP growth estimate of 6.8% is lower than the Reserve Bank of India's forecast of 7.2%. What is India's expected GDP growth for the full FY25? The median forecast for India's GDP growth in FY25 is 6.3%, slightly below the government's estimate of 6.5%. What factors are driving India's economic growth in Q4 FY25? Strong agricultural output, increased rural demand, inventory stocking ahead of potential US tariffs, and the Maha Kumbh festival have supported growth. How have inflation trends affected India's economic growth in Q4 FY25? Lower wholesale and retail inflation, averaging 2.3% and 3.7% respectively, have helped bolster real growth in the quarter. What is the impact of US tariffs on India's economy? The US has paused a planned 26% tariff on Indian goods for 90 days until July, but a baseline 10% tariff remains. India and the US are negotiating a bilateral trade agreement. Is India's economic recovery fully back on track? No, recovery is uneven with weak urban demand, muted corporate earnings, lagging capital expenditure, and tight financial conditions restraining a full rebound. When will the official GDP data for Q4 FY25 be released? The National Statistical Office (NSO) will release the official Q4 FY25 GDP figures and provisional FY25 estimates on May 30. Show more
News18
27-05-2025
- Business
- News18
IndiGo Shares Down 2% As Gangwals Plan 3.5% Stake Sale Via Rs 6,800-Crore Block Deal
Last Updated: Shares of InterGlobe Aviation Ltd (IndiGo) are in the spotlight today as reports suggest the Gangwal family is preparing to offload a 3.5 per cent stake IndiGo Share Price Today: Shares of InterGlobe Aviation Ltd (IndiGo) saw a selling pressure in the morning session on Tuesday after reports hint the Gangwal family is preparing to offload a 3.5 per cent stake in India's largest airline through block deals. The transaction, pegged at around $800 million (over Rs 6,800 crore), will be executed at a floor price of Rs 5,175 per share, marking a 4.5 per cent discount to the current market rate. Shares were trading 2.50 per cent lower at Rs 5,283 per equity share on BSE at the time of writing this report. The scrip opened at Rs 5,278 apiece, against the previous day close at Rs 5,418.30 apiece. The proposed sale could involve Rakesh Gangwal and The Chinkerpoo Family Trust as the primary sellers. As of March 31, 2025, the Gangwal family held a 13.53 per cent stake in IndiGo. This move represents another phase in their gradual exit from the airline, which Rakesh Gangwal co-founded with Rahul Bhatia in 2006. Notably, their stake stood at nearly 37 per cent just three years ago. Strategic Shift Under New Leadership IndiGo has seen a strategic overhaul since the appointment of Pieter Elbers as CEO in September 2022. A veteran with more than 30 years at KLM Royal Dutch Airlines, Elbers brought global expertise that has helped IndiGo expand its domestic dominance and strengthen its international presence. Motilal Oswal Financial Services (MOFSL), however, flagged a potential 'key man' risk due to the heavy reliance on his leadership. The airline now operates at scale—carrying over 10 crore passengers annually and adding one aircraft every week on average. It has expanded its international market share to 30 per cent of Available Seat Kilometers (ASK) in FY25, thanks to strategic airline partnerships. Efforts are also underway to boost brand recognition, enhance customer loyalty, and optimize flight schedules to improve service reliability. Share Price Performance and Outlook IndiGo shares have delivered an 18 per cent return in 2025 so far, and 28 per cent over the last six months, driven by strong demand, fare hikes, a softer crude oil price, and a strengthening rupee. Elara Securities highlighted that IndiGo witnessed consistent growth in passenger traffic in FY25, ranging from 5 per cent YoY in Q1 to 20 per cent in Q4, aided by events such as the Maha Kumbh festival. Looking ahead, Elara expects IndiGo to maintain its leadership position in FY26, driven by increased capacity. However, Nuvama Institutional Equities flagged near-term challenges, including an imbalance between capacity growth and demand, which could pressure yields. While current valuations appear stretched, Nuvama said the risk-reward is balanced, revising its FY26E Ebitdar down by 3 per cent and setting a new target price of Rs 5,199, with a 'Hold' rating. Meanwhile, MOFSL remains bullish, reiterating its 'Buy' call with an upgraded target of Rs 6,375, reflecting confidence in IndiGo's long-term fundamentals. First Published:
Yahoo
03-05-2025
- Politics
- Yahoo
Crowd crush at temple in India's Goa kills 6, injures dozens
At least six people have been killed and about 80 others were injured in a crowd crush at a temple in the western Indian state of Goa where tens of thousands of Hindu worshippers had assembled, officials said. The incident happened on Friday night as thousands of devotees thronged narrow lanes leading to the Hindu temple in Goa's Shirgao village, some 40km (24 miles) from the state capital of Panaji. People had gathered during the annual Shri Lairai Zatra festival at the Sree Lairai Devi temple, which is popular for events including firewalking rituals, during which devotees walk barefoot over a bed of burning coals to seek blessings. According to a report by the Press Trust of India news agency, people standing on a slope near the temple fell over, pushing more people to fall onto each other, Director General of Police Alok Kumar said. Goa Chief Minister Pramod Sawant said in a statement that he was 'deeply saddened by the tragic stampede'. He visited the hospital and said that 'all possible support' would be given to the families of those killed or injured. Vishwajit Rane, Goa state's health minister, said 'approximately 80' people were injured. 'Five are critical and on ventilator support, while the remaining are being treated in the specially created emergency ward,' he said. Prime Minister Narendra Modi's office expressed 'condolences to those who lost their loved ones'. 'The local administration is assisting those affected,' Modi said on social crushes occur regularly at religious festivals across India, where large crowds often gather in small areas. In January, at least 30 people were killed and many more were injured as tens of thousands of Hindus rushed to bathe in a sacred river at India's massive Maha Kumbh festival, the world's largest religious gathering, in the northern Uttar Pradesh state. In July last year, at least 116 people died, most of them women and children, when a crowd of thousands at a religious gathering in northern India surged at a tent camp in Hathras town in the same state. Another 18 people, mostly women and children, were killed in a crowd crush at a train station in India's capital New Delhi in February.
West Australian
03-05-2025
- West Australian
Six killed as worshippers stampede at Indian temple
At least six people are dead and dozens injured after a stampede at a religious gathering in the western Indian state of Goa. The stampede broke out as thousands of devotees thronged narrow lanes leading to a temple in Shirgao village on Saturday, the Press Trust of India news agency reported. Tens of thousands of devotees from Goa and neighbouring states of Maharashtra and Karnataka attended the annual Hindu festival at Sree Lairai Devi temple. The stampede was caused as people standing on a slope near the temple fell over, pushing more people to fall onto each other, director-general of Police Alok Kumar said, according to the news agency. The injured were taken to nearby hospitals for treatment. Authorities ordered a probe into the incident. Prime Minister Narendra Modi said he was saddened by the loss of lives and expressed condolences to the victims' families. "The local administration is assisting those affected," Modi said on social media. Deadly stampedes are relatively common around Indian religious festivals, where large crowds often gather in small areas. In January, at least 30 people died and many more were injured in a stampede as tens of thousands of Hindus rushed to bathe in a sacred river at India's massive Maha Kumbh festival, the world's largest religious gathering. In July, at least 116 people died, most of them women and children, when thousands at a religious gathering in northern India stampeded at a tent camp in Hathras town.
