A reading above 50 indicates expansion, while a score below this mark means contraction
Tokyo 2020 organisers received the Olympic flame in a scaled-down handover ceremony in the Greek capital on Thursday, amid the coronavirus spread that has cast doubt on the global, multi-billion dollar event. In a brief ceremony closed to spectators in Athens' Panathenaic stadium, site of the first modern Games in 1896, the torch was received by Tokyo Games representative Naoko Imoto.
A veteran bullion analyst expects monthly import to average 50 tonnes till December.
'In the real economy, the scars of the pandemic will continue to define 2021.' 'It is still hard to tell the effect on unemployment, migrant workers, poverty, and the informal sector of the lockdown and of the pandemic,' observes Mihir S Sharma.
According to Japanese financial services major Nomura, despite slowing external demand, the domestic growth cycle is improving.
Craig Chan, executive director and head of forex strategy & fixed income division (Asia-ex Japan), Nomura Singapore, in an interview with Business Standard's Rajesh Bhayani, shares his outlook on the dollar.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
The government will announce the FY13 GDP numbers on May 30, where it expects the readings to be around 5.2 per cent.
China's economy, which suffered 6.8 per cent slump in the first quarter due to the coronavirus pandemic -- the worst in 44 years -- bounced back posting 4.9 per cent growth between July and September buoyed by the government's sweeping efforts to stimulate demand and consumption.
Analysts on Monday gave a mixed reaction to the railway budget, with some terming it as a "non-event" saying there were no radical measures to bridge the revenue deficit in the document, and a few calling it "pragmatic" given the limitations.
The incoming government will have to encourage private investments, bring down cost of capital
Industrialists affirm their belief that the adverse effects of demonetisation and the goods and services tax are finally over.
UTI, HDFC, Reliance MF and SBI MF already source 17-25% of funds from small towns.
Declining price of vegetables pulled down inflation to over three-year low of 5.96 per cent in March, core inflation moderated to 3.5 per cent and food price inflation also eased to 8.2 per cent, which is likely to prompt the RBI to consider a rate cut in its annual monetary policy next month.
India's third largest software services exporter ended the day 4.41 per cent lower at Rs 492.20 on the BSE after falling 8.41 per cent to Rs 471.55 in intra-day trade.
The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.
The agency attributed the sharp revision to various high-frequency indicators showing a softness and partly blamed the same to reforms like GST, real estate regulation, and the bankruptcy code which are still a "drag" on the economy.
During the meeting with Finance Minister Nirmala Sitharaman, it was also suggested that employees' provident fund should increase its exposure in the stock market, which in turn would improve liquidity.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
The COVID-19 pandemic has not only affected outpatient services, but also led to deferment of elective surgeries, and resulted in the loss of medical tourism, all of which would hit the FY21 financials.
The government's ambitious gold deposit scheme can succeed only if depositors are paid a higher interest rate.
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis - one of the worst shows by these companies in many years.
'The move towards fiscal consolidation had to be diluted because of the relief to farmers as the government wants to appease the voters.'
Only six sectors are likely to report good set of numbers in Q4 FY15.
The Reserve Bank may cut key interest rates as early as this week.
India will witness good growth under the present government.
It is a Budget 'high on promises but low on design,' the agency said.
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fifth-largest domestically.
In its 'Asia Economic Alert', the banking and asset management behemoth also said that the Reserve Bank is likely to hike the short-term lending (repo) rate by 100 basis points in 2011 with the purpose of curbing inflationary pressure.
India Inc says way forward is for Modi govt to work with other political parties to get bills passed.
Analysts caution a non-BJP government is not an impossible scenario. In case of a Modi-led coalition, they advise investors to focus on discretionary consumption, select private banks and financials, RIL, housing, and IT.
Olympic organisers say they will not reveal the final torchbearer's identity until the torch arrives in the stadium on live television, watched by billions of spectators.
DE Shaw, a global private equity (PE) and hedge fund company, is close to acquiring a 14.2 per cent stake in New Delhi Television (NDTV) for Rs 70 crore (Rs 700 million).
Rebuilding the country will push the prices of commodities and also result in a pull-back of capital.
Japanese information technology services firm NTT Data Corporation is still in talks to acquire stake in Patni Computer Systems, despite acquiring Intelligroup for $199 million (around Rs 895 crore), say sources in the investment banking industry.
10 analysts estimated RIL's consolidated net profit at Rs 11,256 crore and nine analysts estimated revenue at Rs 1.5 trillion.
India's manufacturing PMI rose to 54.5 in December, 2014, while in the corresponding period a year ago it stood at 50.7, just above the crucial 50 mark which separates growth from contraction.
Close to 20 regional stock exchanges, including the big exchanges of Delhi, Chennai, and Bengaluru, have voluntarily exited in the face of SEBI's stringent regulations. Namrata Acharya finds out what makes CSE continue to fight its lone battle.
Bank of America Merrill Lynch, Citigroup, Credit Suisse, Goldman Sachs International, JP Morgan Securities, Morgan Stanley, Nomura and UBS have confirmed their commitment to the FSA Rule and the supporting Code on remuneration practices. These were published in August and would come into force on January 1, 2010 (and cover payments for performance year 2009).
Indian online retailers have been raising funds to expand and compete with bigger rival Amazon.com Inc as more Indians shop on the Internet.
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