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.
Besides corruption, the agency mentioned bureaucratic logjam and slow pace of judicial decision-making as factors hindering the Indian economy.
List of Wimbledon women's singles champions:
Investor wealth plummeted by nearly Rs 5 lakh crore in early trade on Monday as equity markets crashed tracking global equity selloff amid rising uncertainty over the economic impact of coronavirus outbreak. Market capitalisation (m-cap) of BSE-listed companies saw a massive decline after the 30-share index plunged 1515.01 points, or 4.03 per cent, to 36,061.61. The NSE Nifty too cracked 417.05 points, or 3.80 per cent, to 10,572.40.
Twenty20 stalwarts Rashid Khan of Afghanistan and West Indian Andre Russell, with an identical 100,000 pounds reserve price, are among 239 players from outside the UK to enter the draft.
Sunrisers Hyderabad allrounder Yuvraj Singh has been ruled out of action for the first two weeks of Indian Premier League.
The broader NSE Nifty fell 78.75 points, or 0.70 per cent, to close at 11,234.55.
'While most companies were bullish before the second wave of double-digit sales growth in FY22, that may not be the case now.'
A total of 12 wickets fell on a rain-hit day as Australia 'A' found themselves 100 runs adrift of victory against India 'A' on the third day of the first unofficial four-day Test at the Allan Border Field, in Brisbane, on Saturday.
Manish Pandey blasted a quickfire 76-ball 77 before Mitchell Swepson returned with a four-wicket haul to dismiss India 'A' for 230 in their first innings against Australia 'A' in the opening match of the unofficial four-day Test Series in Brisbane, on Thursday.
Aseem Chhabra lists 10 of his favourite films that played in various sections at the 74th Cannes Film Festival.
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.
Laxman said the management had made up its mind before the 2020 auction to pick young Indian batsmen for the middle-order.
Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18
IndusInd Bank, Infosys, Maruti, Vedanta, Hero MotoCorp, Tata Motors, ONGC and RIL too fell up to 4.96 per cent.
Moody's rates India's outlook at stable.
Other losers included Maruti, Kotak Bank, Hero MotoCorp, Bajaj Auto, IndusInd Bank and Bajaj Finance, that shed up to 1.79 per cent.
Look how these models are spreading the festive cheer.
Fitch had last upgraded India's sovereign rating from BB+ to BBB- with a stable outlook on August 1, 2006.
The fair sex finds moody bad guys more attractive than cheerful men sporting a smile, says a new study.
Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, tells Puneet Wadhwa that with Moody's upgrading India's sovereign rating and earnings growth coming back, the country will remain a hot destination for foreign investors.
Amid projections of up to over 9 per cent growth in Indian economy this fiscal, ratings firm Moody's has cautioned against overheating that can result in probable asset bubbles.
The country's GDP grew at the fastest pace in seven quarters at 7.7 per cent in the January-March period, retaining the fastest growing major economy tag on robust performance by manufacturing and service sectors as well as good farm output.
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.
List of French Open women's singles champions:
Following Serena Williams's win over Angelique Kerber for her 7th Wimbledon crown, here is a list of Wimbledon women's singles champions since 1922:
Sunrisers Hyderabad on Saturday named England batsman Alex Hales as the replacement for David Warner for the upcoming 11th edition of the Indian Premier League, starting next month.
'It may sound like sacrilege, but does it really matter if the global raters downgrade India for fiscal slippage?' asks Tamal Bandyopadhyay.
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
Check out the Sunrisers Hyderabad squad for the eighth edition of the Indian Premier League.
Is Kohli not a great captain in spite of so many wins? My answer is, yes, declares Dr Sudhir Bisht.
Business failures rise when growth declines. When Indian growth slowed in the last decade, defaults increased. This is the normal working of the market economy, points out Ajay Shah.
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.
The record contraction in the growth rate of eight core sectors will have its impact on IIP.
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.
'Don't get me wrong I'm not condoning what was done/said. I'm saying let's use this opportunity to educate each other so it doesn't happen again. One can only apologize if he/she feels wrong about something. I'm confident & proud to be black. That will never change'.
Yes Bank was the top gainer in the Sensex pack rising 5.80 per cent, followed by Tata Motors, ICICI Bank, IndusInd Bank, Axis Bank, Kotak Bank and Tata Steel.
Finance Ministry is expecting a rating upgrade by credit agencies by the year-end on the back of policy initiatives.
Rapid growth in manufacturing and services will put pressure on the Reserve Bank to hike key policy rates at its next meeting in April or even before that, says the research arm of the global rating agency Moody's.
