The ministry on Sunday decided to allow foreign individuals and pension funds, as well as other entities, to invest directly in equity markets.
Economists and experts said on Tuesday the Union Budget presented by finance minister Pranab Mukherjee on Monday has not shown any fiscal prudence. They were speaking at a post Budget analysis session organised by the Confederation of Indian Industry in Ahmedabad.
'The actions of Indian monetary authorities will depend on how quickly they want the inflation to come down to 4 per cent.'
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
Hindenburg Research has alleged that Adani Group was "engaged in a brazen stock manipulation and accounting fraud", a charge the conglomerate described as malicious, unsubstantiated, one-sided, and having done with malafide intention to ruin its share-sale.
Lot of money is now being withdrawn from the Swiss banks and transferred to Singapore.
'At the heart of the strategic relationship between our countries are economic ties.'
Indian Institute of Management Ahmedabad (IIMA) invites applications for admission to the doctoral programme of IIMA's Fellow Programme in Management (FPM).
Titan was the top gainer in the Sensex pack, rising 3.5 per cent, followed by Kotak Bank, SBI, Maruti Suzuki, Bajaj Finance, HUL, Axis Bank and Sun Pharma. On the other hand, NTPC, Tech Mahindra, PowerGrid and Infosys were the laggards.
'When the average growth in the last three years was just 2.5%, how does that make us the fastest growing country?' 'They only tell you what has happened in the last 2 years; they are not taking into account what happened in FY21 on account of their mistakes.'
R Vaidyanathan, a professor of finance at Indian Institute of Management-Bengaluru, tells Vicky Nanjappa why the time is just not right to reveal details of the temple's treasures.
'IIM Ahmedabad has seen one of the best placement seasons ever and this change can be attributed to the markets opening up after the pandemic.'
Indian banks have started exploring opportunities in the space, including lending to crypto exchanges, and accepting bitcoins as collateral, among others.
It would be a difficult task for the Indian economy to reach the $5-trillion mark a year before the International Monetary Fund (IMF) projection of 2026-27. Pankaj Chaudhary, minister of state for finance, said in the Rajya Sabha on Tuesday that the government is taking steps to make the country a $5-trillion economy at a date earlier than the IMF's projection. In that context, it would not be difficult to meet the projection in the third quarter of FY27.
Corporate India is indicating cautious hiring in the March quarter of 2023 as concerns rise over possible recession and steady inflation, a survey said on Thursday. According to the ManpowerGroup Employment Outlook Survey, based on interviews with nearly 3,030 public and private employers, hiring intentions will decrease in the quarter both on year-on-year and quarter-on-quarter basis. During the quarter, 48 per cent employers expect to increase their staffing levels, 16 per cent anticipate a decrease in hiring intent and 34 per cent do not anticipate any change in hiring, resulting in a net employment outlook of 32 per cent.
In a move initiated by Prime Minister Manmohan Singh, high-calibre graduates from institutions like the Indian Institutes of Management, as well as graduates from other streams like law, may be attached with government departments for some duration o
The Asian Development Bank is all set to enter the Indian capital market with a bond issue to raise upto Rs 100 million (Rs 10 crore) as it has obtained the Reserve Bank of India's and ministry of finance's approval.
India's macroeconomic situation is certainly better than what it was a year ago, eminent economist Pinaki Chakraborty said on Monday, while expressing hope that the country will be back on the path of economic growth if there is no major third wave of the COVID-19 pandemic. In an interview with PTI, Chakraborty, who is the director of the National Institute of Public Finance and Policy (NIPFP), said that inflation may remain at an elevated level as there was a significant fiscal and monetary expansion in the last 18 months. "The current macroeconomic situation is certainly much better than what it was one year back. We are seeing recovery in most sectors," he said. Chakraborty noted that COVID-19 vaccination has been going on at a very fast rate in India.
Ajit Balakrishnan on keeping an eye on democratising finance in India.
Debroy worked as a consultant in the Department of Economic Affairs in Finance Ministry.
Indian Institute of Management Bangalore (IIM-B) invites applications for admission to the Fellow Programme in Management (FPM) (equivalent to PhD).
Missing the deadline for filing Income Tax returns can lead to consequences.
US tech giant IBM is betting big on the India growth story and plans to open more software development centres in the country as it looks to partner with the government in its digitisation journey, its chairman and CEO Arvind Krishna said on Friday. On a visit to India, Krishna met Finance Minister Nirmala Sitharaman, Telecom Minister Ashwini Vaishnaw and Minister of State for IT Rajeev Chandrasekhar to discuss deeper collaboration including skilling and workforce development. The firm that originally designed the technology and system behind ATMs, barcodes and the US social security net, is greatly enthused with the speed at which the Indian government is willing to make decisions and where it is moving, he told a select media briefing.
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
The company also announced $765,000 for Bangalore-based Centre for Budget and Policy Studies, $660,000 for Centre for Policy Research, $1,015,000 for Institute for Finance Management & Research (IFMR) while NGO database information PRS Legislative Research will get $880,000.
The same rating agency, however said India's GDP growth rate would go below 7 per cent in the current fiscal from 8.5 per cent a year ago.
The challenge is to enhance opportunities for people to generate livelihoods through entrepreneurship, both big and small, argues R Jagannathan.
'80% of the rural and urban population don't have enough purchasing power.'
India needs $800 billion (Rs 50 lakh crore) annually if the economy is to grow at 7 per cent, Financial Services Secretary Hasmukh Adia said.
The National Skill Development Corporation (NSDC) said it will provide funding to Gurgaon-based Indian Institute of Skill Development to train 2.4 lakh youngsters across the country over next 10 years. As part of the deal, NSDC, a Ministry of Finance initiative, would provide Rs 12 crore by way of a loan to IISD for the project.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
Capital gains exemption limit and a steep reduction in the highest surcharge will empower the masses with enhanced liquidity flow that can be invested in real estate, points out Dhaval Ajmera.
Foreign Secretary Vinay Kwatra on Wednesday refused to speculate on whether the G20 foreign ministers' meeting would be able to come out with a joint communique against the backdrop of widening differences between the West and Russia on the Ukraine conflict.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
Indian Institute of Management Ahmedabad requires faculty and postdoctoral/research fellows in Centre for Management in Agriculture (CMA)
The government must review its policy to allow foreign direct investment up to 24 per cent in the small and medium scale enterprises, and ensuring better credit facility and technology financing to make them globally competitive.
The Indian Institute of Management-Bangalore, invites applications for admission to its Fellow Programme in Management.
The Indian Institute of Management-Ahmedabad invites applications for its Fellow Programme in Management.
