Reliance Industries was the top gainer in the Sensex pack, rising over 1 per cent, followed by M&M, HCL Tech, Axis Bank, ICICI Bank and HUL. On the other hand, Bharti Airtel, Maruti, SBI, PowerGrid, NTPC and Tata Steel were among the laggards.
With the government emerging victorious in the confidence motion, the country would be signing the civilian nuclear deal with the US which has the potential to significantly boost India's nuclear energy production, says a report by Moody's economy.com.
This is the lowest investment grade rating.
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
The rating agency said, rising COVID-19 cases in India will keep private spending and investment lower for longer.
'They need to click as a group, not as batsmen or bowlers.'
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
Don't let humidity be your skin's enemy, says Dr Abhishek Pilani.
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.
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.
The Indian economy remains on track to regain its position as the world's fastest-growing major economy after official estimates on Friday put the expansion at a tempered 9.2 per cent this fiscal amid concerns over the impact of a resurgent virus on the fragile recovery. The growth in the gross domestic product (GDP) of 9.2 per cent in April 2021 to March 2022 fiscal (FY 2021-22) given by the National Statistical Office (NSO) in its first advance estimate compares with 9.5 per cent expansion forecast by the Reserve Bank of India (RBI) last month. The economy had contracted by 7.3 per cent in the previous financial year.
The value of oil imports decreased by 37.5%.
While India is witnessing slowdown, many countries have not yet been able to come off the last decade's financial crisis.
The scrip was the worst hit among the front-line companies on both the indices during the day.
India's CLI has been on the rise since October 2014.
Equity benchmark Sensex rebounded 454 points on Thursday, boosted by gains in index heavyweight Reliance Industries amid a positive trend in global markets.
A dossier will be given to the FATF, an international terror financing watchdog.
There are various projections about India's growth.
What has hit sentiment further is a draft proposal by the government to increase vehicle insurance premiums for financial year 2022-23 (FY23). Third-party motor insurance premiums have not been increased over the last two years and if this is approved, insurance costs for specific segments could rise by a fifth. The worst impacted is the 350cc and above two-wheeler segment, where premiums are up 21 per cent. Royal Enfield (Eicher Motor) is the market leader in the segment. The premiums in the 150-350cc two-wheeler category are also being inc
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
Petrol and diesel prices were hiked by 80 paise a litre each on Wednesday, taking the total increase in rates in 16 days to Rs 10 per litre.
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.
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.
'While we note the very strong cyclical recovery in the economy, we believe there is still uncertainty over medium-term prospects.'
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.
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.
Markets are poised for excellent growth, provided reforms continue to roll
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.
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.
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.
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.
State-owned banks account for more than two-thirds of the sector's assets and about 85 percent of bad debts
India's major import items from UAE include petroleum and petroleum products, precious metals, stones, gems, jewellery, minerals and chemicals
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.
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.
David Warner's inputs and influence on the team members makes him an important part of the leadership group at Sunrisers Hyderabad.
Sri Lanka coach Tom Moody said his bowlers could not do much with the way Dhoni sent the ball around the park.
