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The 1st advance estimate (AE) of GDP for FY22 indicates GDP growth at 9.2% and GVA growth estimate is 8.6%. Nominal GDP growth is a whopping at 17.6%. Notably, this is the second highest nominal growth achieved with 19.9% nominal growth registered in 2010-11 and 17.1% growth in 2006-07. The data indicates that the overall GDP growth is 1% above of the pre-pandemic level (FY20). Almost all sectors except ‘trade, hotels, transport, communication & services related to broadcasting’ (which are still 8% below the pre-pandemic level) reached the pre-pandemic level (on constant prices).

The company will have 51,000 equity shares and Beetel 49,000 equity shares in the JVC.

GTPL Hathway rose 11.34% to Rs 299.50 after the company said it partnered with Aprecomm to bring innovation to customer experience with network intelligence.

SBI Cards and Payment Services fell 2.12% to Rs 908.50 after a foreign brokerage reportedly initiated coverage on the scrip with a Sell rating and a price target of Rs 654.

Here is the stock market performance at 11:30 AM today.

On 20 January 2022

On 21 January 2022

Company estimates further investment approx. Rs100cr to reach the target of 100 stores at PAN India Level.

Indias benchmark 10-year government bond yield rose to its highest level in nearly two years at 6.56%, following a rally in US treasury yields. Long term treasury yields in the US are trading at a year high at 1.76% after FOMC minutes showed the Fed might hike interest rates sooner than anticipated. Meanwhile, the Reserve Bank of India kept the interest rate at a record […]

To convert GTPL household connects into AI-enabled smart wi-fi access points