The growth of India's IT outsourcing sector, which contributes to about 25 per cent of the country's total exports, is expected to slow down sharply this year following a drop in demand due to the global financial crisis, India's software industry lobby predicted.
During April, the imports stood at 34.2 tonnes, as per data given by the Bombay Bullion Association.
Opposition on Thursday paralysed Parliament, with Rajya Sabha disrupted over demand for the presence of Prime Minister Narendra Modi and his response in the demonetisation debate, which the government rejected outright.
Modi, after delivering his sixth straight address to the nation on Independence Day from the ramparts of the Red Fort in New Delhi, went into a brainstorming session with Sitharaman and all top officials in her ministry, sources privy to the development said. T
FDI inflows, in August last year, stood at $2.32 billion, the Reserve Bank said in its bulletin.
The value of global mergers and acquisition deals is likely to drop by nearly 50 per cent this year, even as the financial crisis throws good opportunities for takeovers, a study says.
International traffic dropped by about 10 per cent and domestic traffic by about 24 per cent compared to the same period last year, predominantly as a result of the terror attack in the country's financial hub Mumbai, says Himanshu Singh, managing director, travelocity.co.in, an online portal.
Market estimates suggest the airline has already totted up Rs 1,800 crore of losses in FY20, and FY21 is expected to see losses in the region of Rs 2,500 crore to Rs 3,000 crore Many in the sector say that Vistara lacks the light-footedness of the airlines with which it competes, reports Anjuli Bhargava.
'The RBI is not releasing Rs 2,000 notes for the last 10 days; probably they have stopped printing it.'
The 2010 batch of IIML has the 'unique' feature of having 92 per cent students with work experience and a number of them exhibited great enthusiasm for working with start-ups and utilising their experience to help guide these budding organisations to success, IIM sources said. Student placement coordinator Shashank Mehta said the students here had experience which start-ups value and all the projects there would be live projects.
'Breaking down silos and ensuring a more integrated governance process is just as important to performance.' 'It has been a major priority in the last six years, especially in national security,' External Affairs Minister Dr Subrahmanyam Jaishankar points out when delivering the Sardar Patel Memorial Lecture-2020: India and the Post-Covid World.
Detroit's bailout request is an opportunity for the president-elect to prove himself.
Third-placed Leicester go to Hodgson's sixth-placed Crystal Palace on Sunday
All airlines put together flew 67,61,000 passengers in January-February this year compared to 75.56 lakh last year, the official traffic data released on Friday showed. As per the world airports report prepared by Airports Council International, the growth rate of global air traffic in January fell by six per cent year-on-year while that of air freight declined by 'a frightening 27 per cent'.
In her weekly column, mental health guru Anu Krishna offers advice on how to take charge of your life.
Gold prices will rise next year as the financial crisis pushes more investors into the precious metal safe haven, according to delegates polled on Tuesday during the London Bullion Market Association annual meeting in Kyoto.
'I am not minimising either the seriousness or the complex nature of the current situation.' 'Naturally, we have to do what it takes to secure our borders.' 'We are talking to the Chinese, both through military channels and diplomatic ones.'
'In fact, they work in tandem.' 'When it comes to finding a solution, this must be predicated on honouring all agreements and understandings.' 'And not attempting to alter the status quo unilaterally.'
This flight of capital began in early August due to risk-aversion created first by rising geopolitical tensions due to North Korean aggression and second by the US Fed's decision to shrink its balance sheet
'Investors need to diversify at least 30% to 50% of their liquid wealth across different markets, asset classes, and instruments across the world.' 'Do this with proper guidance and advice.' 'Global investing is complicated, but if done right, is extremely rewarding.'
An analysis of past 20 years' demand cycles done by Edelweiss Securities indicates that the auto sector is currently in the middle of a down cycle. Volume recovery, they say, is unlikely to be as sharp as in the past, unless there is strong fiscal support.
The navy wants to spend Rs 40,000 crore on INS Vishal, a choice the army and air force oppose. This is as much about turf as about funding. explains Ajai Shukla.
Eighty-eight per cent of Indian consumers are prepared to pay more for goods that are environment friendly against 82 per cent in China and 68 per cent in Japan, according to a study of consumers in India, China and Japan. Findings are part of a 10-market global study by international communication firm Edelman.
A look at the few bright spots, the many worries, and moments that made for a distinctly indelible 2020.
Alarmed by the huge drop in the arrival of foreign tourists to the state due to global recession, Kerala government has set up a working group to chalk out strategies to tackle the crisis.
The global credit crisis has slowed order growth of Indian construction and engineering companies, indicating that several big projects, planned earlier, are being pushed back either for lack of capital, or because they have become unviable now.
Even at early stage, start-ups are raising more money faster owing to the rise of a lot of specialised early-stage VCs and emergence of seed-stage programmes.
While proposals for covers in volatile markets aren't denied, premiums are much higher - by as much as 100-600%
The Centre managed to collect only Rs 990 crore as compensation cess in April 2020-21, almost one-ninth of the figure of Rs 8,874 crore mopped up a year ago. The subdued collection would further increase states' problems unless the GST Council, which meets next week, decides to borrow from the market.
The American International Group India on Thursday issued a release stating that the US financial crisis does not have any immediate material impact on Tata AIG Life Insurance.
Few of these highly sought-after socialising and networking hubs are seeing much activity as regulars are missing in action.
'Recently we held a video conference with a host (about 100) of US companies that want to move their base from China to Uttar Pradesh.'
"We are working on using land resources and PPP model for having more residential as well as office accommodation in the future," Urban Development Minister S Jaipal Reddy said on Tuesday while laying the foundation stone of general pool office complex in New Delhi. Comparing the VIPs' penchant for pet accommodation and dream houses to road rage in the city, Reddy said the ministry is facing 'house rage' in the capital.
'If the Singh government was characterised by policy paralysis, this one is afflicted by hyperactivism, sans a roadmap,' says Yogendra Yadav.
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
A directive by Lt Governor Najeeb Jung warning Delhi government officials not to follow its "illegal" orders has triggered a fresh round of confrontation between the two sides.
'Even though we have around 156 patients, we don't have anyone who requires ventilatory support or the ICU facility.'
'If you do quick back-of-the-envelope calculation, someone earning Rs 10 lakh can get a benefit of anywhere between Rs 35,000 and Rs 45,000, even if s/he is availing exemptions.' 'A large proportion of people do not avail full exemptions as they don't have money to invest in those schemes.'
The United Nations World Tourism Organization, however, expects the sector to grow at a slower pace in the current year because of the economic crisis facing the world. Fluctuation in tourism demand will be contingent on 'how the economy evolves and consumers react, both of which are directly interrelated to oil and food prices,' said UNWTO Secretary-General Francesco Frangialli.
Stating that an economic recession gripped global economy following the lockdowns due to COVID-19 pandemic, Fitch Ratings on Friday said the initial disruptions to regional manufacturing supply chains in China have now broadened to include local discretionary spending and exports.
In the first eight months of 2019, 70 per cent stocks in the BSE 500 universe were down. These stocks account for 94 per cent of India's total market capitalisation.
