Governor Urjit Patel and his deputies spoke to the media about the central bank's decision to raise the repo rate.
India to see highest salary increase in Asia Pacific in 2017
Sectoral index up 10% in past month, as market takes hope from higher order book, revenue and operating margins in September quarter.
According to the global financial services major, following two years of sub 5 per cent growth, India's GDP is expected to be around 5.6 per cent in 2014-15 and around 6.5 per cent in 2015-16.
An alert government in Delhi should have begun government-to-government discussions with Moscow the moment it came to know that Russians were developing a vaccine. That is to say, almost an year's time has been lost, observes Ambassador M K Bhadrakumar.
While Mumbai is home to India's costliest real estate, Thane is the fastest growing housing market in the country
'An upswing in corporate performance should last at least three years.' 'Today there is some concern globally about excessive debt, which could cause unpredictable shocks down the road.' 'Domestically, if the minders of the economy are watchful about over-heating, we could avoid a repetition of the boom-bust cycle of the past,' says T N Ninan.
As per OECD's September estimates, global growth was to be 3 per cent this year and 3.6 per cent in 2016.
Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India's economic recovery, but won't derail it, as it kept the sovereign rating unchanged at 'BBB-' with a negative outlook. It projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022 (FY22), moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21. Fitch had in June last year revised outlook for India to 'negative' from 'stable' on grounds that the coronavirus pandemic had significantly weakened the country's growth outlook and exposed the challenges associated with a high public debt burden.
Cement shares have been outperformers on the stock market
The second-quarter GDP numbers are scheduled to be announced on Friday.
HDFC twins, Axis Bank, ICICI Bank and SBI from the financial space gained between 1-2.7%.
Data issued by Siam shows sale of PVs (cars, vans and utility vehicles) grew 14.3 per cent to 275,417 vehicles.
Raghavendra Kamath reports on what ails India's real estate sector.
The bullish outlook for gold is seen as a trigger for silver to perform better going ahead.
This is the highest in Europe and the third in the world after the United States and China
India's harsh lockdown has left companies grappling with temporary closure, chaotic supply chains and depressed demand. Consequently, business plans have been modified.
The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade.
India's real GDP growth is set to exceed 7 per cent for CY-2015.
Ashok Leyland, ITD Cementation India have more than doubled.
Our break-even level has come down and we expect the cost structure to improve further, says the Suzlon chief.
IMF said in 2017, India is likely to grow at the rate of 7.2 per cent instead of the earlier projected 7.6 per cent.
Increments in 2017 would be less than in 2016, says survey.
Bankers said as part of its debt reduction plan, Canada's Brookfield-sponsored India Infrastructure Trust acquired a pipeline for Rs 13,000 crore from East West Pipeline Ltd, an arm of Reliance Industries Holding Private Ltd, and all the liabilities are now off the subsidiary's books.
Loans make money for the lender in the initial years but losses come later when they turn bad.
Priyanka Chopra, Irrfan Khan and Nawazuddin Siddiqui make a global statement on the power of Indian cinema, says Vanita Kohli-Khandekar.
The government is set to carry out a performance review of companies that have opted for corporate debt restructuring (CDR).
The reason is believed to be a 19% increase in interest cost.
Private banks are assumed to be more efficient at intermediating between depositors and investors.
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
The real estate sector presents a daunting picture with revival prospects appearing to be bleak.
The global lending agency also said that Brexit has resulted in global economic uncertainty.
The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
There has been a decent growth in FDI proposals and new announcements in India to attract foreign investment.
The revival in Mumbai's property market could help the group.
The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40.
Banks cannot shirk their responsibility in cases of frauds.
On the profitability front, Crisil foresees a 0.5 per cent basis points y-o-y jump in EBITDA (operating profit) margins in Q2 FY15.
Modi govt has a unique style of working, say experts.
The G20 has cited India among other countries for launch of major investment initiatives and for having a sustainable growth.
