As many as 46.6 million new jobs were created in the Indian economy during 2023-24, according to the latest data released by the Reserve Bank of India.

The total number of people employed in the country rose from 596.7 million in 2022-23 to 643.3 million in the financial year ended on March 31, 2024.

While an average of 20 million jobs was created between 2017-18 and 2021-22, the number more than doubled during 2023-24, the data shows.

The RBI’s KLEMS database covers five key inputs of production -- Capital (K), Labour (L), Energy (E), Materials (M), and Services (S). The database is created for 27 industries aggregated to form six sectors that cover the entire economy.

The benchmark indices opened on a high on Tuesday, with Sensex crossing the 80,000 mark again led by auto and pharma stocks, gaining over 200 points in morning trade.

The NSE Nifty rose by 47 points and was trading at 24,368.

According to analysts, the market attention is now turning towards the Q1 FY25 results.

The auto index was the best performer, rising over one per cent, while IT stocks slipped ahead of earnings this week.

Benchmark equity indices on Monday snapped their three-day winning streak and traded flat in the morning hours.

At pre-open, Nifty was flat at 24329.45 and the Sensex was lower by 0.1 per cent at 79915.00.

Shares of Titan Co fell nearly 4 per cent after it reported subdued growth in the sales of its jewellery segment.

India's real estate market witnessed higher luxury housing sales in H1 2024 due to the robust economy and growing demand for luxury lifestyles.

A new report from property consultant firm Knight Frank titled ‘India Real Estate: Residential and Office (January - June 2024),’ said that luxury residential sales surged in the first half of 2024.

Housing sales above Rs 1 crore accounted for 41 per cent of total sales in H1 2024.

This figure was 30 per cent in the same period in 2023.

Foreign portfolio investors (FPIs) infused Rs 7,962 crore in equity this month (till July 5) while their debt investments in the same period stood at Rs 6,304 crore, market watchers said on Saturday, citing the NSDL data.

This year, FPIs have invested Rs 11,162 crore in equity till now while the FPI investment in debt for the same period stands at a massive Rs 74,928 crore.

The inclusion of Indian government bonds in the JP Morgan Emerging Markets (EM) Government Bond Index and the front-running by investors have contributed to this divergence in equity and debt inflows, according to market experts.

The Reserve Bank of India (RBI) said on Friday that it has imposed a penalty of Rs 1.32 crore on Punjab National Bank for non-compliance with regulations on ‘Loans and Advances – Statutory and Other Restrictions’ and breach of KYC norms.

The RBI has in its statutory inspection found that PNB “sanctioned working capital demand loans to two State Government-owned Corporations against amounts receivable from Government by way of subsidies/refunds/reimbursements.”

PNB also failed to preserve the records pertaining to the identification of customers and their addresses obtained during the course of business relationships in certain accounts.

India’s electricity production went up by a robust 15.06 per cent to 167.55 billion units in May this year compared to 145.61 billion in the same month last year, as demand surged amid the scorching heat wave, according to the monthly report of Central Electricity Authority.

Thermal power, generated mainly from coal-and gas-based plants, contributed 127.87 billion units which represented a 14.67 per cent increase over the same month last year.

The demand for electricity peaked at a record high of 250GW on May 30 as an extended heat wave across North India kept electricity demand elevated in May and most of June. The peak power demand is projected to go up to 260GW in 2024-25.

The overall securitisation volumes stood at Rs 45,000 crore in the first quarter of the current fiscal (FY25), down 20 per cent from the same period last year, largely due to the exit of a large housing finance company (HFC) in 2023, a report showed on Friday.

Excluding the HFC, the securitisation volumes remained largely flat on a year-on-year (YoY) basis, according to the ICRA.

It estimated securitisation volumes to pick up in the subsequent quarters and cross Rs 2 trillion for FY2025.

The total employment reported by the country’s micro, small and medium enterprises (MSMEs) has crossed the 20.2 crore mark, as per data from MSME Ministry’s Udyam registration portal.

The number of workers employed with registered MSMEs has shot up by 66 per cent from the corresponding figure of 12.1 crore jobs in July last year. There are 4.54 crore women staffers among the total number of workers employed in these enterprises.

There are currently 4.68 crore MSMEs registered with Udyam of which 4.6 crore are micro enterprises which account for the bulk of the employment as well. A micro-enterprise is one in which the investment in plant and machinery or equipment does not exceed one crore Rupees and turnover does not exceed five crore rupees.

India equity indices opened in the red on Friday following profit booking in largecap stocks.

At 9:50 a.m., Sensex was down 510 points or 0.64 per cent at 79,538 and Nifty was down 88 points or 0.36 per cent at 24,214.

Broader markets are in an uptrend. On the National Stock Exchange (NSE), 1213 shares are in the green and 1001 shares are in the red.