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  • Team 3 20.09

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    Lakshmi Jayalakshmi
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    The IMF projects India's economy will grow 7.5% in FY24, the highest among major emerging economies. The RBI is expected to raise interest rates again in October to combat inflation, which would be the third consecutive hike. The Adani Group plans to invest Rs 100,000 crore in new energy, transportation, logistics and data center projects over the next five years. Flipkart is in talks to acquire Myntra for Rs 2,000 crore to become India's largest online fashion retailer, while Indian startup funding fell 20% in Q2 2023 due to global economic uncertainty, though the number of deals remained stable.

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    TEAM 3 20.09

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    The IMF projects India's economy will grow 7.5% in FY24, the highest among major emerging economies. The RBI is expected to raise interest rates again in October to combat inflation, which would be the third consecutive hike. The Adani Group plans to invest Rs 100,000 crore in new energy, transportation, logistics and data center projects over the next five years. Flipkart is in talks to acquire Myntra for Rs 2,000 crore to become India's largest online fashion retailer, while Indian startup funding fell 20% in Q2 2023 due to global economic uncertainty, though the number of deals remained stable.

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    1 views1 page

    Team 3 20.09

    Uploaded by

    Lakshmi Jayalakshmi
    The IMF projects India's economy will grow 7.5% in FY24, the highest among major emerging economies. The RBI is expected to raise interest rates again in October to combat inflation, which would be the third consecutive hike. The Adani Group plans to invest Rs 100,000 crore in new energy, transportation, logistics and data center projects over the next five years. Flipkart is in talks to acquire Myntra for Rs 2,000 crore to become India's largest online fashion retailer, while Indian startup funding fell 20% in Q2 2023 due to global economic uncertainty, though the number of deals remained stable.

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    ● Indian economy to grow at 7.

    5% in FY24: IMF
    The International Monetary Fund (IMF) has projected the Indian economy to
    grow at 7.5% in FY24, up from its earlier projection of 7.4%. This is the highest growth
    projection for India among the major emerging economies.

    ● RBI to raise interest rates again in October


    The Reserve Bank of India (RBI) is expected to raise interest rates again in October in a bid to
    combat inflation. This will be the third consecutive rate hike by the RBI.

    ● Adani Group to invest Rs 100,000 crore in new projects


    The Adani Group is planning to invest Rs 100,000 crore in new projects in the next five years.
    The group has identified four key areas of investment: energy, transportation, logistics, and data
    centers.

    ● Flipkart to acquire Myntra for Rs 2,000 crore


    Flipkart is in talks to acquire Myntra for Rs 2,000 crore. This deal would make Flipkart the
    largest online fashion retailer in India.

    ● Indian startup funding falls by 20% in Q2 2023


    Indian startup funding fell by 20% in Q2 2023, as investors became more cautious due to the
    global economic slowdown. However, the number of deals remained stable.

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