It's the second time Nasscom has projected single-digit growth in a decade.
Overall gross import of rough diamonds between April to November 2019 has shown a decline of 17.24 per cent to $8.55 billion from $10.34 billion registered during April to November 2018. This is one of sharpest fall in import of diamond in India in last one decade.
India and China are the only two countries who have reported a slight dip in pay hike.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
RBI governor on the stress in public sector bank due to NPAs, and what is needed to be done to get the system back on track.
ICICI Bank puts up a good show in Q4.
One might wonder what's wrong if one were to get the best of both worlds by buying one product. There are basically two problems... cautions Rajiv Raj
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
India's GDP growth for the current fiscal is expected to slow down to 4.8 per cent, a UN report has said, warning that the Covid-19 pandemic is expected to result in significant adverse economic impacts globally. The UN 'Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies' said that Covid-19 is having far-reaching economic and social consequences for the region, with strong cross-border spillover effects through trade, tourism and financial linkages.
Avoid fresh investments, as there might be more opportunities in the coming months, market experts tell Joydeep Ghosh
Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
The company's decision comes when there has been a dip in intake due to tepid demand, increasing automation, reports Debashis Mohapatra.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Sensex falls at close; metals, banks perform well.
As Nasdaq-listed company indicates poor spending in financial services space, Indian firms feel jittery
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
India Ratings expects long products demand growth to be sharp, supported by a demand push from the government-led infrastructure investments in affordable housing, railways, rural electrification and road networks.
Raghuram Rajan called for purposeful and effective action to counter the atmosphere of cynicism, which has slowed down the decision making process.
'What we see today is bargaining.' 'The man's family sets a price for him and then they start bargaining.' 'He is sold to the family that offers the highest price.' 'In this market, a woman is just a commodity to be sold because if she remained at home, it is a humiliation for the family.'
He said the short term macroeconomic priorities of the RBI continue to focus on bringing down inflation towards the government-set target of 4 per cent
UPA-II has yielded a 7.5 per cent average annual growth rate
'Our target is to award Rs 25 lakh crore worth of projects that would result in creating 25 million jobs'
Agriculture and processed food exports dropped to a five-year low of $24 billion in 2015-16.
Indian property markets are not in the pink of health.
Sensex rises, snapping two-session losing streak; banks, auto gain.
The focus is on tapping all resources, even foreign agencies.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
The BSE Sensex was down 326 points at 23,277 and the Nifty was down 107 points at 7,056.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
Murthy said there was a need to change the mindset of the employees to focus on large deals.
Corporate Affairs Secretary Injeti Srinivas said the issue is how the interests of stakeholders are to be balanced
RBI is likely to have reached broadly similar conclusions since it did cut rates, presumably to stimulate activity.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
Corporate India at present is more indebted than all state govts put together.
RBI Governor Raghuram Rajan is regarded as credible by global financiers.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
