India's service sector proportionately much larger than China's, while its investment and industrial-production shares are much lower
'The good news is that money continues to flow into India-focussed offshore funds.'
Sunrisers Hyderabad allrounder Yuvraj Singh has been ruled out of action for the first two weeks of Indian Premier League.
'It may sound like sacrilege, but does it really matter if the global raters downgrade India for fiscal slippage?' asks Tamal Bandyopadhyay.
The government needs to play greater role in taming inflation by reining in spending, as the Reserve Bank of India's tightening of its policy rates will have little impact on checking price rise, global research firm Moody's said on Friday.
India's macroeconomic situation is improving fast and the country's GDP growth will turn positive in the third and fourth quarters of the current financial year, eminent economist Ashima Goyal said on Sunday. Goyal in an interview to PTI said the management of the COVID-19 pandemic and gradual unlocks announced by the government have helped in avoiding multiple COVID-19 peaks. The growth estimates by different agencies are being continuously revised, she said.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Amid the rituals of Maha Ashtami (the third day of the five-day festival), Pranab Mukherjee spoke to Shine Jacob on the Moody's downgrade of State Bank of India and other issues.
Top gainers in the Sensex pack included ICICI Bank, Infosys, Bajaj Finance and HDFC Bank, rising up to 2.67 per cent.
High interest costs and a weak rupee may raise overall debt, even as refinancing may not be an issue.
India started their limited-overs tour of Australia on a positive note, comprehensively beating a second-string Western Australia XI by 74 runs in a Twenty20 warm-up game on Friday with Virat Kohli and Shikhar Dhawan striking fluent half-centuries.
Several critics including some rating agencies have doubted prospects of meeting this ambitious fiscal deficit target.
India's economic growth accelerates to 7.4% in Sept quarter
With the world's worst outbreak of COVID pandemic stalling a nascent economic recovery, the government has begun assessing the impact of the second wave of infections on different sectors and may look at providing support at an appropriate time to segments requiring fiscal help. Some of the economic indicators, including the Goods and Services Tax (GST) collections, still provide confidence and incoming data will throw some more light on the state of the economy, sources said. Services sectors like hospitality, tourism and aviation which had just started recovering were hit hard by the second wave of COVID, the sources said, adding these segments might need some support on an urgent basis from the government.
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
Indian shuttlers thrashed New Zealand 5-0 in a Group B encounter in Glasgow.
Portfolio returns, say analysts at Morgan Stanley, are more likely to be driven by bottom-up stock-picking rather than top-down macro forces.
Is Kohli not a great captain in spite of so many wins? My answer is, yes, declares Dr Sudhir Bisht.
Laxman said the management had made up its mind before the 2020 auction to pick young Indian batsmen for the middle-order.
The agency has also retained 'stable' outlook for the country's ratings.
The official said the finance ministry will impress upon rating agencies the resolve of the government to contain fiscal deficit at 4.1 per cent this year and lower it to 3 per cent by 2016-17.
Though the NDA government had been trying to privatise 20 companies, a decision for which was taken in 2017, and included national carrier Air India, the investor community evinced little enthusiasm for any of them. Now, with an in-principle approval for privatisation of BPCL, CCI and SCI, the government has taken the plunge again.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
A World Bank study has virtually questioned the methodology of sovereign rating by the international agencies, saying there was evidence that Moody's such rating had low predictive power for currency crises.\n\n\n\n
The Indian banking sector faces the challenge of tackling rising defaults due to slowing economy, even as the banks in the country do not have toxic assets, which triggered financial crisis elsewhere, rating agency Moody's said.
Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18
Former India spinner Venkatapathy Raju explains the mysteries of spin bowling.
In its quarterly monetary policy review on January 29, the RBI had announced a 0.75 per cent raise in the cash reserve ratio, or the amount banks need to park with the RBI, from 5 per cent earlier.
RBI's announcement that it would tighten liquidity and re-emphasize its anti-inflationary monetary policy stance could come at the cost of slower short-term economic growth, according to Moody's.
The Indian stock markets may have gained significantly in recent months but the country's fiscal position and uncertainty about global recovery still suggests a cautious approach towards equities, says Moody's.
The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.
Leander Paes and his Czech partner Lukas Dloughy moved into the semi-final of the men's doubles and were joined by Mahesh Bhupathi and his partner Mark Knowles of Bahamas.
A'Market valuation is another concern.'
'India is trading at steep valuations and there have been a number of IPOs, especially in the insurance sector, that have had an impact on secondary market liquidity.'
Former cricketers, including Sachin Tendulkar, among other sportspersons, lavished praise on the Indian cricket team after the defending champions beat arch-rivals Pakistan by 76 runs in their World Cup opener in Adelaide.
IndusInd Bank, Infosys, Maruti, Vedanta, Hero MotoCorp, Tata Motors, ONGC and RIL too fell up to 4.96 per cent.
The former Australia wicketkeeper joins former England coach Trevor Bayliss, who was appointed Sunrisers head coach last month.
AB de Villiers has said the Indian Premier League (IPL) should do away with large fines for slow over rates and shorten innings breaks to 10 minutes
The prospect of further falls in remittances is a hindrance for the Reserve Bank of India, as it seeks to bullet-proof the economy against sudden capital outflows
In a new series, Bollywood's towering talents, who themselves made brilliant works this year, pick their favourite show of 2021, and tell us just why they loved it.
Lower crude prices mean less government outlay for India,
