The Governor said the MPC had voted to maintain its accommodative stance, implying more rate cuts in the future if the need arises.
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
For non-banks, the IL&FS crisis was nothing short of India's Lehman moment, which has for a foreseeable future reset the sector on multiple grounds.
Tech Mahindra was the top laggard in the Sensex pack, cracking over 5 per cent, followed by Infosys, HDFC, IndusInd Bank, Reliance Industries and NTPC. On the other hand, Hero MotoCorp, L&T, Maruti, UltraTech Cement and Sun Pharma led the gainers' chart.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
According to the Manpower Employment Outlook Survey released today by ManpowerGroup, the hiring pace for the upcoming quarter has rebound from both, last quarter and a year ago at this time.
There is no better way to address the security threat emanating from ISIS and other terrorist groups in Afghanistan than by co-opting the Taliban, asserts Ambassador M K Bhadrakumar.
There is a significant risk that advanced economies could experience another downturn, said the World Economic Outlook report released on Thursday.
China's behaviour in the post-pandemic geopolitical landscape which may determine the Quad's future trajectory, notes former foreign secretary Shyam Saran.
India was the third preferred centre for innovation after Silicon valley and other US cities.
China, it said, is projected to grow at 6.6 per cent in the current year which will moderate to 6.4 per cent next year.
Since the nation is now paying the price of such behaviour in terms of the long queues at the crematoriums and graveyards, the anxiety of the RSS is natural, especially if the BJP's main support base of the middle class turns away from it, observes Amulya Ganguli.
On the high costs facing the Indian airline industry, Goyal said the factors included a depreciating rupee against the dollar, escalating jet fuel prices, high taxes and rising infrastructure costs.
Tech Mahindra was the top loser in the Sensex pack, crashing over 9 per cent, followed by Kotak Bank, Axis Bank, TCS, Infosys and HUL. On the other hand, Hero MotoCorp, Bajaj Auto, Bajaj Finance and Titan were the gainers.
Bond issue oversubscribed 15 times despite gloomy sovereign rating.
''Fashion without a conscience is a ticking time bomb.'
Moody's assigns a 'Baa3' rating on India, with a stable outlook.
Budget expectations aviation sector.
The existing Parliament building will be conserved as it is an archaeological asset of the country.
"Indian markets (are) well placed to absorb the US Fed rate hike. Gradual approach in future increases augurs well for emerging markets," Economic Affairs Secretary Shaktikanta Das has tweeted.
Spread investments in equities, bonds, gold and cash to tackle volatility advise Nitin Singh, MD and head, and Vinay Joseph, director, investment strategy, Standard Chartered Wealth Management, India.
Population is a touchy issue in India. Anybody will notice the crowded rat race we live in, notes Shyam G Menon.
India's sovereign credit ratings do not reflect the economy's fundamentals, the Economic Survey said on Friday and nudged the global agencies to become more transparent and less subjective in their ratings. The Economic Survey 2020-21, tabled in Parliament, said that sovereign credit ratings methodology must be amended to reflect economies' ability and willingness to pay their debt obligations, and suggested that developing economies must come together to address this bias and subjectivity inherent in sovereign credit ratings methodology. "Never in the history of sovereign credit ratings has the fifth largest economy in the world been rated as the lowest rung of the investment-grade (BBB-/Baa3). While sovereign credit ratings do not reflect the Indian economy's fundamentals, noisy, opaque and biased credit ratings damage FPI flows," the survey said.
Backed by technology banks are expanding the branch network - and adding more to the workforce.
India's economy, estimated to contract by 6.9 per cent in 2020 due to the coronavirus pandemic, is forecast to record a "stronger recovery" in 2021 and grow by 5 per cent, according to a UN report which said the country's current fiscal year budget points to a shift towards demand-side stimulus, with an uptick in public investment. The report, 'Out of the frying pan ...Into the fire?' published Thursday as an update to the Trade and Development Report 2020 by UN Conference on Trade and Development (UNCTAD) said the global economy is set to grow by 4.7 per cent this year, faster than the 4.3 per cent predicted in September 2020, thanks in part to a stronger recovery in the US, where progress in distributing vaccines and a fresh fiscal stimulus of $1.9 trillion are expected to boost consumer spending.
Left high and dry, the BJP has had no option but to go for the overkill with 800 rallies, including 20 by the prime minister. In the process, it may be overplaying its card, observes Amulya Ganguli.
The broader NSE Nifty closed below the 10,200-mark by slumping 99.85 points, or 0.98 per cent at 10,124.905.
The BS-VI norms are expected to increase the price of two-wheelers by 10-14 per cent.
DGCA has also permitted the airline to deploy newly-inducted planes for capacity expansion.
One reason is that airlines have ramped up capacity and expanded their presence in tier-II markets. The first of a three-part series analyses how the aviation industry is an outlier in the midst of an overall economic slowdown.
'Kangana and her sister trying to discredit me and my hard work, calling me names, putting wrong allegations on me is actually an equal level of harassment, if not more.'
While India is witnessing slowdown, many countries have not yet been able to come off the last decade's financial crisis.
Indian funds did better than Asian ones in only four of the 10 months -- till October. Despite much market optimism, presumably around policy interventions and guided by buoyant flows, India's macro backdrop may be turning for the worse.
Chief Economic Adviser K V Subramanian on Friday said there is an "upside potential" in the estimates about the economy during the current financial year amid a faster-than-expected recovery. He said the final print could be better than GDP estimates given by various institutions, including the Reserve Bank of India, which projected contraction of 9.5 per cent during 2020-21. During the second quarter, India's economy recovered faster than expected as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on consumer demand bouncing back.
Passenger vehicle wholesales in India slipped to a 10-year low in the April-December this fiscal, and the industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday.
The elections held in April-May 2019 will be an important determinant of future growth and investment.
Asian Development Bank on Tuesday raised India's growth forecast for the current fiscal to 8.5 per cent from 8.2 per cent but expressed concern over persistent high inflation and rising value of rupee which could undermine future economic expansion.
Poland coach Adam Nawalka said his team had needed to beat Japan in their final World Cup match on Thursday to prove they were not quitters and bring some joy to their country's football fans after a miserable campaign in Russia.
