IMAGES from Day 1 of the 1st Test played between South Africa and India at Centurion on Sunday.
The IHS Markit India Services Business Activity Index stood at 5.4 in April, an extreme decline from 49.3 in March, and indicative of the most severe contraction in services output since records began in December 2005. As per the IHS Markit India Services Purchasing Managers' Index (PMI), a print above 50 means expansion, while a score below that denotes contraction.
In its first bi-monthly policy, the RBI, in order to enhance hedging facilities for foreign investors in debt instruments, proposed to allow them to hedge the coupon receipts falling due during the next 12 months.
India Inc's quarterly net profit reached a record high of Rs 1.64 trillion in the third quarter ended December 31, 2020, mainly due to gains from higher commodity prices and a big swing in banks' earnings. The combined net profit of 3,323 listed companies that have declared results so far was up 68.6 per cent year-on-year (YoY). In comparison, earnings were up six times (534 per cent) in the second quarter and 6.5 per cent in the corresponding period last year.
The development has now removed Crown Prince Mohammed bin Nayef as next in line to the throne and replaced him with Mohammed bin Salman, who earlier held the position of the deputy crown prince.
PMI went up from 51.2 points in May to 53.1 in June. Owing to the June figure, PMI for manufacturing stood at 51.9 points in the first quarter of 2018-19 against 51.8 points in the fourth quarter of 2017-18.
The bank is also mulling a mega Tier 2 bond issue in June-July 2006 to support credit growth.
India's current limit of $25 billion for ownership of government bonds by FIIs is fully utilised, leading to calls for increasing it
The company, which logged 19 per cent growth in top line at Rs 5,400 crore (Rs 54 billion), derives around Rs 250 crore (Rs 2.5 billion) from global operations and is looking at all vectors to expand its presence overseas.
That prompted manufacturers to add jobs for the first time since June.
India was already in the midst of a protracted economic slowdown before the virus hit due to a festering crisis among shadow lenders and declining consumer demand and private investment. Service sector activity in India is still effectively on hold.
The PE biggie has committed to pumping money into Jio Platforms, Byju's and Reliance Retail so far this year - all marquee names in their respective sectors.
Leveraging its parent's global presence, Bersoft Infotech Ltd, an Apeejay Stya Group promoted IT solutions company plans to foray into international market besides recruiting 100 professionals in the next 6-12 months.
The State Bank of India on Friday said it was looking at strategic acquisitions in Asia, Africa and New Zealand and Australia to expand its overseas presence.
According to analysts, IT firms like Infosys, TCS and HCL Technologies are likely to benefit the most on account of larger US exposures and dollar billing.
Oil India is set to usher in a new era with a road map drawn to ramp up production and diversification plans to foray into liquefied natural gas
The airline will be inducting large number of A321s this year which will be largely used on international routes and high density domestic routes.
It plans to invest $6.9 billion in Australia.
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resulting from the scrapping of a retrospective tax law.
Rajapaksa's five-day visit to India assumes significance as his tenure as Sri Lanka's president from 2005 to 2016 saw expansion of China's footprints in the Indian Ocean island nation, triggering concerns in India.
Tata Steel, Suzlon mop up $700 million; Tata Power to raise $250 million. Tata Power also joined the queue on Tuesday and launched its $250-million GDR issue, with an option to retain a higher amount.
The biggest irony is that nearly two-thirds of these funds are estimated to have come from investors in overseas markets, which themselves were in shambles and where companies were in dire need of capital, forcing them to beg their respective governments for money.
In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
Input prices rose at their fastest rate in 14 months but manufacturers absorbed much of the increase
As federal officers raid alleged abusers, tech employers worry they'll run short of skilled foreign workers, especially in stimulus sectors.
Forget Starbucks coming into India. Witness the expansion of Caf Coffee Day, which is set to mushroom across the country.
Chances are any such disruption will not occur on the major shipping lanes but on some edge of the ocean between India and China. Even if there is no actual disruption, the costs of averting one can be punitive. The setting for this is provided by the energy shortage both countries face, says Subhomoy Bhattacharjee.
Production cost in Africa varies between $1 and $2 a kg while in Assam it is $1.9 and in West Bengal over $2
Besides an aggressive marketing strategy for India, FritoLay is also taking Kurkure overseas by sharing manufacturing technology with its counterparts in the UK, the US and Pakistan.
The expansion into nuclear is part of the group's plan to invest as much as $ 50 billion by 2014 to expand its business in the world's second-most populous nation. The group has already concluded talks with overseas companies which can offer technological and related support to enter the business. "There will be a flood of American investments in the country once the deal is concluded," S P Hinduja said.
China remains in firm control of an estimated 600-800 square kilometres of Indian territory.
The Indian rupee resumed sharply lower at 66.65 per dollar against last Friday's level of 66.48.
ICICI Bank will release Rs 100 crore (Rs 1 billion) over 5 years through Fabindia's subsidiary, Artisans Micro Finance.
Where paneer came to India from... How sambar got its name... Gulab jamun does not have Indian roots...
The Directorate of Revenue Intelligence, the lead agency to check customs frauds and smuggling, has decided to post officers at India's Mission in New York (US), Singapore, Brussels (Belgium) and in Nepal's Birgunj.
Cash-strapped Indian carriers are finally finding money to finance expansion plans or merely fund operations. State-owned Air India is set to receive a $1 billion (Rs 49,000 crore) loan and Naresh Goyal-promoted Jet Airways is close to striking a deal for a Rs 500-crore loan from Indian Overseas Bank.
Russia has been grappling with sanctions slapped by the US and its allies over Moscow's invasion of Crimea.
Some scheduled flights as well as those for which ticket sales are open would be affected.
