According to BofA-ML, lead indicators still point to six months of pain and it is not until the March quarter that growth is expected to recover to 6.5 per cent levels.
The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s, with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva made the remarks during her address on 'Confronting the Crisis: Priorities for the Global Economy' in Washington, DC, ahead of next week's annual spring meeting of the International Monetary Fund and the World Bank.
US banking behemoth Citigroup is still looking out for new employees and has posted more than 100 job vacancies over last week
These investments will be targeted at petrochemicals, exploration and production and telecom businesses.
What stocks will gain from a normal monsoon?
'With running water our two hands play, In and out the colourful soap dances away! It bubbles and froths between our fingers Under our nails it cleans and lingers Then all the soap we wash away!'
2nd time within a few days RIL has hit the forex debt market.
We celebrate Dassera and regard it as an auspicious day as a day of victory of good over evil! So was 16 December! It is time we regard this day as auspicious as Dassera in future, observes Colonel Anil A Athale (retd).
Beleaguered investment banking major Merrill Lynch's losses widened to $5.15 billion for the third quarter ended September 26, 2008, as write-downs to the tune of $9.5 billion took a heavy toll on the bottom line.
'Raghuram Rajan is a wonderful economist, but he is not a wonderful Indian economist.' 'He doesn't understand India in the granular form.' 'India exists only from Delhi to Nariman Point for him.' 'India is much, much bigger and complex.' 'The new RBI governor shouldn't get ready to open his umbrella when it rains in America'
Bank of America on Tuesday said it was committing additional capital to the tune of $175 million (Rs 767 crore) for shoring up its India franchise.
Pulses cropping has jumped to 39.4 per cent above 2015 levels.
Rally restricted to big stocks; FIIs have hit investment caps in many large companies.
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
Bank of America Merrill Lynch believes this would ease pressures on CAD as $10 a bbl fall in oil price reduces CAD by $8 billion or 0.4 per cent of GDP.
If the government is to be the lender of last resort for financial companies, it has to demand more control over their daily business
Prime Minister Narendra Modi leaves for Brazil on Sunday for attending the five-nation summit of BRICS nations on July 14 and 15 which is expected to finalise the setting up of a development bank and seek reforms of the United Nations and international financial organisations.
There is an "infinitely" greater chance of the cash-rich Islamic State smuggling its first nuclear weapon from Pakistan to attack the United States within a year, according to the latest edition of the dreaded group's propaganda magazine.
Hurricane Florence hammered the Carolinas in America with damaging winds, storm surge and catastrophic flooding. The damage is so catastrophic that experts are pegging property damage and disruption from Hurricane Florence to total at least $17 billion to $22 billion. Additionally, the storm has claimed 32 deaths as of Monday, most of them in North Carolina, a number that had nearly doubled since a day earlier. Dogs, domestic animals and livestock took a hit from the record-breaking rainfall, surging floodwaters and brutal winds. Here are some of the most heart-warming images from the rescue.
While JioMart is doing 250,000 orders per day, BigBasket and Amazon pantry are doing 220,000 and 150,000 orders, respectively.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Mumbai's Bandra Kurla Complex (BKC), which houses the offices of some of the biggest banks in the country, however, slipped to 26th position from the 16th position.
Since 2009, the Department has publicly charged 73 account holders and 35 professionals with violations arising from their offshore banking activities, and 72 individuals have plead guilty or were convicted at trial.
In the broader market, the BSE Midcap was down 0.2%, while BSE Smallcap fell 0.1%.
Union Bank of India, United Bank of India reduced base rates.
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In the global market, the dollar was quoted lower in the early trade with investors looking ahead to the following day's European Central Bank policy decision.
His global experience, deep business acumen and long association with the Tata Group will prove invaluable in his new role: ICICI Bank MD and CEO Chanda Kochhar.
Many European cities have less than half the emissions per person of many cities in North America.
Black is the new platinum as the field for elite credit cards gets crowded.
'Parsis are brought up with a great sense of the importance of truth and speaking your mind.'
With this subdued forecast, India is likely to record its worst growth performance since the 1991 liberalisation. However, it is among the only two major economies, which will register a positive growth rate in 2020. The other being China, for which the IMF has projected a growth rate of 1.2 per cent.
Switzerland remains the 'biggest private banking financial centres for cross border wealth management' with assets worth over CHF 2.11 trillion ($2.2 trillion), as per the study conducted by the Swiss Bankers Association and the Boston Consulting Group.
PM started 'Make in India' but every product in market is Make in China: Rahul
Rahul also said the founders of Ford, Mercedes and Honda were 'mechanics'
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
Rising risk levels in emerging markets and the recovery of the global market is prompting investors to shift their investments to developed markets.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
TCS plans to build ignio as a standalone company.
US Special Representative for Pakistan and Afghanistan Richard Holbrooke has promised "accountability" and "transparency" in America's civilian aid to Pakistan, a fortnight after a top Senator had expressed serious concern that the funds might end up in bank accounts of corrupt politicians and officials of the country.
