Gold prices are likely to decline further to around Rs 24,500 per 10 grams by December if the rupee continues to rule at the current level.
The Reserve Bank will have to continue to tighten its monetary policy stance to arrest the runaway inflation numbers, which is expected to harden further in the medium-term on account of the rising commodity prices in international markets, a senior economist said on Friday.
Wood Mackenzie projected India's real GDP level to overtake Japan and reach over $6 trillion by 2035.
India's service sector proportionately much larger than China's, while its investment and industrial-production shares are much lower
Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
On the 30-share index, Maruti was the biggest loser, shedding 3.60 per cent. Other major laggards were Yes Bank, IndusInd Bank, Tata Steel, Hero MotoCorp and NTPC -- ending up to 2.33 per cent lower.
Some 500,000 drivers and helpers have been left high and dry because of lockdown; many of these trucks are carrying essential goods.
'China's economy continues to slow and the US Fed may still hike rates before the end of the year.'
From MRF to Shree Cement: 23 companies which delivered 30% CAGR in 15 years.
While headline and core WPI are stuck in a disinflationary phase, the retail measure is inching north.
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
FMCG has been behaving unlike a defensive category in recent quarters.
Since last month, the realty (down 23%), auto (down 16%) and finance (down 14%) indices have underperformed the market by falling over 13%, as against 8% decline in the benchmark indices
'One out of three phones sold in India is a Xiaomi phone.'
With scrutiny that comes with a public listing, Deepinder Goyal's leadership could face its sternest test yet.
Market cap of government companies has remained unchanged in the past 8 years.
Sebi also allowed foreign investors to own up to 15 per cent stake in domestic stock and commodity exchanges
Such an economic environment tends to be positive for gold, the ultimate safe-haven asset. Since gold cannot be debased by central banks, it naturally gains in value.
An analysis of year-wise movements of average global crude oil prices versus India's GDP reveals no inverse correlation, contrary to wide belief.
This analysis is based on the quarterly earnings for 724 companies.
The central probe agency had on Friday carried out a fresh round of searches in connection with the case, they said.
Though the summer is expected to be hotter, global and domestic forecasts point to good rains.
India's water future remains very bleak. The monsoon season, which once extended to 4 months, is now down to less than 30 days of heavy rain.
As debates and agitation on the issue of spiralling prices of essential commodities corner attention, the research and reference division of the library has come out with supporting material for MPs, bringing out background notes on price rise and global oil prices.
Numbers collated by the Business Standard Research Bureau show that in the last three years, leading cement manufacturers have multiplied their nine-month profits manifold and mining and paper companies have more than doubled it.
Joint Secretary in the health ministry Lav Agarwal said 154 new positive cases of the disease have been reported due to the transit-related history of those who attended the Tablighi Jamaat congregation. These include 23 new cases from Jammu and Kashmir, 20 from Telengana, 18 from Delhi, 65 from Tamil Nadu, 17 from Andhra Pradesh, nine from Andaman and Nicobar Islands and two from Puducherry.
The research firm also expects sales growth of Indian companies in the quarter under consideration to remain muted. According to the CMIE, sales growth is expected to fall to 20 per cent from 34 per cent in the quarter ending September 2008.
A deficient rainfall season starts with heavy showers.
Crude oil volumes on the MCX platform touched a record level of 10.19 million barrels on Wednesday because of increased participation from investors amid high volatility in global crude prices. Although, there was a sharp fall in crude oil prices on Wednesday, but volumes remained upbeat, experts said, adding that prices were below $130 per barrel.
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India eats 1.2 million tonnes of onions a month and the current stock will last till the end of August.
Two leading economists associated with the multi-commodity exchange have pointed to serious flaws in the present method of calculating inflation and called for a change in line with prevalent methodologies in developed economies.
The Reserve Bank of India has already reduced the policy rate by a total of 75 basis points, or 0.75 per cent, since January.
If Reliance has to pay about one percentage point more for short-term money, the bond market could be out of bounds for many lower-rated firms after some time.
Profitability and cash reserves have halved since the global financial crisis.
Under the new methodology, the base year has been changed from 2004-05 to 2011-12 and also in conformity with the international practice, the GDP is now measured at market prices.
The UK voted to leave the European Union after 43 years.
India has always been a good bet in relative terms during crises/turbulent times in emerging markets (EMs).
A continued focus on low inflation will be important to keeping gold imports, IMF said.
In these times of global uncertainty, be cautious in selecting the right market and fund.
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