On Wednesday, the finance minister expressed concern about the high fiscal deficit of about 6.8 per cent this year. He said some international rating agencies -- S&P, Moody's and others -- can think of downgrading India.
India whitewashed New Zealand 3-0 to enter the quarterfinals of the men's team championship in the Thomas Cup
Former Australia fast bowler Craig McDermott has applied for the post of India head coach, which will become vacant after the ongoing Champions Trophy campaign.
The scrip was the worst hit among the front-line companies on both the indices during the day.
Former captain Sunil Gavaskar feels his ex-teammate Ravi Shastri is the favourite to become the head coach of the Indian cricket team based on the team's impressive showing during his two-year tenure as the team director.
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.
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
The value of oil imports decreased by 37.5%.
S&P Global Ratings on Thursday said the Indian economy is projected to grow at 11 per cent in the current fiscal, but flagged the "substantial" impact of broader lockdowns on the economy. In its report on Asia-Pacific Financial Institutions, S&P said the control of COVID-19 remains a key risk for the economy. New infections have spiked in recent weeks and the country is in the middle of a second pandemic wave.
A dossier will be given to the FATF, an international terror financing watchdog.
There are various estimates of India's debt to GDP ratio, but the consensus is that that it would be over 80 per cent at the end of the current fiscal year.
While India is witnessing slowdown, many countries have not yet been able to come off the last decade's financial crisis.
A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters.
Former England skipper Michael Vaughan on Thursday termed the non-selection of off-spinner Ravichandran Ashwin in the Indian lineup as "madness". "The non selection of @ashwinravi99 has to be greatest NON selection we have ever witnessed across 4 Tests in the UK !!! 413 Test wickets & 5 Test 100s !!!! #ENGvIND Madness," tweeted Vaughan.
India's CLI has been on the rise since October 2014.
There are various projections about India's growth.
Fitch reaffirmed India's rating at 'BBB-' with a Stable Outlook saying the rating balances a still strong medium-term growth outlook compared with similar category peers and relative external resilience stemming from solid foreign-reserve buffers against high public debt, a weak financial sector and some lagging structural factors, including governance indicators and GDP per capita.
Explaining the decision to appoint Anil Kumble despite his lack of experience as an international coach, BCCI president Anurag Thakur said the former spinner's record itself is a testimony to his worthiness for the job.
The Russian-Ukraine war can hit the global supply chains that are already constrained due to the pandemic and the worst impact will be on ongoing chip shortage because the warring nations brutally control supplies of key raw materials that go into making semiconductors, warns a report. Since Russia controls as much as 44 per cent of global palladium suppplies, Ukraine produces a significant 70 per cent of the global supply of neon -- the two key raw materials that go into making chips. The markets can expect the global chip shortage, that began with the pandemic, to worsen if the military conflict lingers on, says a Moody's Analytics report on Friday.
Flush with liquidity, banks are eager to lend. And, therein lies the problem, warns Tamal Bandyopadhyay.
International Monetary Fund Chief Economist Gita Gopinath tells Indivjal Dhasmana high-frequency indicators for the third quarter of 2021 indicate momentum in economic recovery in India.
the ratings agencies have been inconsistent in their treatment of China and India. Given this record -- what we call Poor Standards -- my question is: why do we take these rating analysts seriously at all?," Chief Economic Adviser Arvind Subramanian said on Thursday.
Indian bowlers' efforts at making a match of it went in vain as Australia A pulled off a three-wicket win in a tight chase on the fourth and final day of the first four-day Quadrangular A series game at the AB Field in Brisbane on Sunday. Despite a delayed start to the day due to a wet outfield following heavy rain, the hosts chased down the 159-run target set by India A on Saturday.
David Warner's inputs and influence on the team members makes him an important part of the leadership group at Sunrisers Hyderabad.
GST mop-up likely to fall in May, June after touching record levels in April and March.
Speaking at industry association CII's annual session, PM Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy. "On the one hand we have to safe the lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said. "Yes, we will definitely get our growth back," he asserted.
It was exactly 22 years ago when batting great Sachin Tendulkar scored one of his finest centuries to guide India to victory against Australia in an ODI triangular series match at the Green Park stadium in Kanpur. Tendulkar smashed a brilliant 89-ball 100 to register his 13th ODI hundred as India cruised to 223/4 in 44.3 overs for an emphatic victory by six wickets with 33 balls to spare.
State-owned banks account for more than two-thirds of the sector's assets and about 85 percent of bad debts
IDBI Bank had to sell its MF arm after being acquired by state-owned insurance behemoth Life Insurance Corporation since LIC already had an AMC.
Markets are poised for excellent growth, provided reforms continue to roll
After establishing a presence in Indonesia and Sri Lanka, Icra, the rating agency and associate of Moody's in India, plans to expand further in Asia to get a slice of business from the growing bond markets.
India's major import items from UAE include petroleum and petroleum products, precious metals, stones, gems, jewellery, minerals and chemicals
Ravi Shastri was reappointed as the India head coach, the BCCI's Cricket Advisory Committee announced on Friday.
'Unique' Afghan leg spinner Rashid Khan will have a major impact on this year's Indian Premier League for the Hyderabad franchise, coach Tom Moody has predicted.
Method will be part of this year's Economic Survey; will help investors in relative comparison.
Sri Lanka coach Tom Moody said his bowlers could not do much with the way Dhoni sent the ball around the park.
Kumble's contract as head coach will end after India's campaign at the Champions Trophy and BCCI has already invited applications for the position.
"I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support."
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances