With its new line-up, the firm has managed to touch the right chords, but to regain market share from the established players, Micromax will have to fight a protracted battle.
How China's all powerful Communist party bungled the response to the coronavirus crisis.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
Even as the World Bank has revised India's growth figures by 0.4 percentage points as compared to its January forecast, India remains the fastest growing major economy in the world, the World Bank officials said.
Indian graziers were stopped by Chinese troops from moving ahead near the Line of Actual Control (LAC) in the Demchok region of eastern Ladakh over a week ago, people familiar with the development said on Monday.
India needs to fix policy paralysis in order to reach teh top slot in solar power.
'After 2011-2012, both our investment rate and savings savings rate have declined. 'Correspondingly, the savings rate in the economy as percentage of GDP, also has come down.'
"The reservoir capacity of the project is less than 0.02 per cent of the average annual runoff of the Yarlung Zangbo-Brahmaputra. It cannot have an adverse impact on the downstream," Chinese foreign ministry said to a question on concerns over the dam.
The Economic Survey 2022-23 (FY23), to be presented a day before Union Budget 2023-24 (FY24), is likely to project India's real gross domestic product (GDP) growth between 6 per cent and 7 per cent for FY24, Business Standard has learnt. The broader theme of the Survey could be on how India has dealt with two years of a global pandemic and the ongoing geopolitical disturbance, the strengths and weaknesses that emerged, and what lessons may be learnt. The much-awaited Survey will be the first one by Chief Economic Advisor V Anantha Nageswaran and his team in the finance ministry's economic division.
This compares with China at over $10 trillion and India $2 trillion.
India retains the tag of the fastest growing country among the world's major emerging economies
Brokerage CLSA has raised its "already substantial overweight in India", its chief strategist Christopher Wood wrote on Aug. 7.
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
Funds will invest in new technology companies involved with climate change mitigation.
Move 10 per cent of your portfolio to the yellow metal.
The largest e-commerce entity of China is setting up its first India office -- an indication that it intends to capture a pie of the growing e-commerce market here. Raghavendra Kamath & Alnoor Peermohamed report.
In all, worldwide remittances -- including those to high-income countries -- will reach $406 billion in the current calendar year.
India on Wednesday delivered a strong message to China that the 'unprecedented' incident in the Galwan Valley will have a 'serious impact' on the bilateral relationship and held the 'pre-meditated' action by Chinese army directly responsible for the violence that left 20 Indian Army personnel dead.
'Mahatma Gandhi's principle of non-violence was all-encompassing -- human against human, human against animal and more importantly human against nature.'
'China's moves are of direct significance to India, which will closely monitor Chinese naval activity in the Bay of Bengal and the Indian Ocean not least because of Chinese maps depicting claims over the Andaman and Nicobar Islands.'
President Pranab's four-day visit to China that saw him meeting the top Chinese leadership and discussing the sticky boundary issue and cooperation in combating terrorism besides the need for a predictable nuclear regime.
Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
Inflation data, both at domestic and global level, interest rate scenario in the US, geopolitical situation and general elections in 2024 are some of the major factors that would influence trading in the equity market this financial year, analysts said. Besides, foreign fund trading activity and global trends will also dictate terms in the equity market going ahead. Equity markets across the globe faced major challenges in FY23 due to concerns over high inflation, which resulted in increase in interest rates around the world, lowering investor sentiment, experts added.
'During his visit to Vietnam on September 3 -- the first visit by an Indian prime minister in 15 years -- Modi will notice the widespread anti-China sentiment in that country.'
Prime Minister Manmohan Singh on Thursday left Durban for home, ending a four-day visit during which he attended BRICS (Brazil, Russia, India, China and South Africa) Summit that decided to establish a development bank to finance infrastructure projects in emerging economies.
'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'
Global recovery following the economic downturn is still tentative and fragile, Asian Development Bank's managing director general Rajat Nag said in Ahmedabad on Friday.
China's devaluation creates new risk in global financial markets and could prolong the West's slowdown.
Exporters are readying back-up routes to send their shipments to the nations belonging to the Commonwealth of Independent States (CIS), including Russia, as the war in Ukraine continues to intensify. Three routes are being explored. The first is the China route using Qingdao port. The second is the International North-South Transport Corridor (INSTC) route that connects Mumbai to Moscow via Iran and Azerbaijan.
Outlining seven principles of engagement for closer cooperation between India and China, Prime Minister Manmohan Singh on Thursday said the two countries should show sensitivity to each other's interests and sovereignty and move quickly to resolve the boundary issue.
Consumption was the major driver, contributing 58.8 per cent to GDP growth
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
No country has achieved a faster, deeper modern transformation than China, says former ambassador Kishan S Rana.
The engines of Asia's re-emergence - India, China and five other economies -- will account for 45 per cent of the global GDP by 2050, according to a report by the Asian Development Bank (ADB).
Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.
Many factors have been identified as key drivers of the inequality between rural and urban areas in China and India.
An escalation in the already simmering tensions between North and South Korea, China and Taiwan, and Russia and Ukraine could prove to be a bigger worry for the markets over the next few months rather than central bank policy action, said analysts. The markets, they said, are still not fully factoring in this possibility. "The conflict between Iran and Saudi Arabia is another geopolitical worry.
'The mood in Beijing is already nervous and feverously watchful.' 'Developments in China will be scrutinised as intensely and nervously as the ones in Washington,' says Claude Smadja.
"After the tri-junction in Doklam in the Sikkim sector, this is the most important tri-junction along the Sino-India border."
Asian Development Bank and Reserve Bank on Thursday advocated that India should go in for a free trade agreement with China and five other nations in the Mekong region to sustain high growth.
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