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.
Rohit Sharma and Manish Pandey sparkled with half-centuries but rest of India's batsmen put up a lackluster performance before the bowlers came good to hand the team a 64-run win over a second string Western Australia XI in the warm-up one-day cricket match at the WACA, in Perth, on Saturday.
While there has been a rash of growth estimate cuts, including a 0.70 percentage point reduction by the RBI last month to 6.1 per cent, the Japanese brokerage's estimate is so far the lowest.
Equity benchmark Sensex tumbled 674 points on Friday, weighed by losses in banking stocks as an unabated spike in new coronavirus cases fuelled uncertainty over the economic impact of the pandemic. After hitting a low of 27,500.79 during the day, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95. The NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
As Fahadh Faasil turns 39 on August 8, Subhash K Jha looks back at his favourite films featuring the brilliant actor.
The IIP data would be released on March 12 for the period of January 2009. Since October, RBI also has infused over Rs 4,00,000 crore (Rs 4,000 billion) by reducing ratios and short-term borrowing and lending rates.
Remembering an incomparable actor by re-visiting his finest films.
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
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.'
Mitchell Starc claimed his second hat-trick of the match to lead New South Wales to a 171-run victory over Western Australia in the Sheffield Shield on Tuesday.
The economic activities that registered growth of over 6 per cent in the second quarter are manufacturing, electricity, gas, water supply, other utility services and trade, hotels, transport and communication, and services related to broadcasting.
The former Australia wicketkeeper joins former England coach Trevor Bayliss, who was appointed Sunrisers head coach last month.
Family-owned companies like those of Tatas, Birlas and Ambanis are dominating the country's corporate landscape, but still face challenges regarding corporate governance norms such as appointment of successors and transparency in functioning, rating agency Moody's said. However, these companies have responded well to opportunities available in the fast-growing and liberalizing economy, according to a joint survey by Moody's Investors Service and its domestic associate.
Reliance is in the market with a benchmark issue to sell 30-year US dollar-denominated Reg S fixed rate senior unsecured notes.
With inflation crossing over 8 per cent, the Reserve Bank may consider further monetary measures to bring it down, global rating agency Moody's said in a report.Even RBI Governor Y V Reddy in a speech last week had described rise in inflation as "totally unacceptable" as it affects the poor instantly.
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.
TCS, Infosys do well but Wipro & HCL disappoint analysts; however, outlook for FY17 bullish in general.
Gold, which was hovering around $1,321 an ounce in January 2019, has already breached $1,600 per ounce in the past few sessions to a seven-year high.
'We expect a pick-up in the second half of the current fiscal. But before that, data is likely to show a further slowdown. The second quarter print is likely to be worse than the first quarter,' said a senior official.
Director Balaji Mohan talks about his second film starring Dulquer.
Mahesh Bhupathi and Mark Knowles entered the final of the Monte Carlo Masters with a 6-0, 7-5 win over Jeff Coetzee and Wesley Moodie.
The 30-share Sensex lost 22 points to close at 27,090 and the 50-share Nifty gained 7 points to end at 8,121.
It was a dream come true for Afghan players Mohammad Nabi and Rashid Khan to be part of the Indian Premier League and both want to make a mark during their stint with the Sunrisers Hyderabad.
Fitch Ratings director Thomas Rookmaaker said India's debt-to-GDP ratio is likely to rise to 76 per cent from 70 per cent currently due to wider fiscal deficit and low economic growth.
The Pakistan Cricket Board (PCB) has made up its mind to appoint former Australia batsman Dean Jones as chief coach of the Pakistan cricket team.
Simona Halep became the first Romanian in 40 years to lift the French Open trophy at Roland Garros on Saturday.
'We will infuse the next tranche of recapitalisation by mid-December. Close to Rs 42,000 crore remain to be infused as capital in public sector banks in the current financial year,' a senior finance ministry official said.
'We didn't ask anyone for their views, because there was no scope for it'
'I had the strangest feeling that my childhood home had burnt and disappeared on my parents' funeral pyres,' he said. Hardly any of his family lived there now. Migration or death had claimed them all. It seemed to be full of strangers. 'Then I realised that from their perspective, perhaps there was only one stranger -- me..." Babu Lal tells Geetanjali Krishna.
While Sochi scrambles to get ready in time for Friday's opening ceremony, the International Olympic Committee cast its eyes past the most expensive Games ever staged and began to look for ways of revamping the global sporting spectacular.
Ruling out any change in India's sovereign rating due to a political standoff over the Indo-US nuclear deal, credit rating agency Moody's on Wednesday said the crisis was not serious enough to dent the country's economic policy framework.
The Indo-Pakistani duo lost to the top seeded Australian-South African pair of Stephen Huss and Wesley Moodie 7-6(10), 6-3 at the $150,000 Malaysian Open ATP Challenger tournament in Kuala Lumpur .
The match against Mumbai Indians will haunt the Sunrisers Hyderabad. Disappointed at their loss against Mumbai Indians, Sunrisers Hyderabad coach Tom Moody said that his team lost the momentum in the middle and fell short by at least 15 runs in their Indian Premier League match.
Rediff.com's Harish Kotian checks out how much India's cricket coaches -- from John Wright to Ravi Shastri -- have been paid.
A week before the US presidential elections, Republican nominee Donald Trump has taken a slender lead of one percentage point against his Democratic rival Hillary Clinton for the first time since May in a major national tracking poll.
The budget has strong growth impulses and response of the economy is positive.
They were knocked out by top seeds Wesley Moodie and Fabrice Santoro at the Hall of Fame Tennis Championships in Newport.
Growth forecast has been lowered owing to tepid growth in the first half of 2017-18, the lingering effects of demonetisation, transitory challenges of GST, and some risks to agriculture stemming from a spotty monsoon.
Like in Brazil, India's government has only limited opportunities to provide some fiscal stimulus to offset a possible slowdown in capital flows, Moody's said.
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