Foreign investment firm Credit Suisse First Boston said on Thursday that delayed monsoon is unlikely to have a "significant impact" on India's economic growth pegged at 5.7 per cent in 2004-05.
Earlier, proceeds from disinvestment were shown separately as part of the miscellaneous receipts in the Capital Receipts Budget.
While the economy seems to be on a firm growth path, the fight against inflation is not over yet. Shaktikanta Das seems to be in no hurry. After playing well through a five-year Test match, he doesn't want to get out hit wicket, observes Tamal Bandyopadhyay.
Priyanshu toiled hard for one hour 14 minutes before losing 21-18, 14-21, 17-21.
The bill seeks to peg the size of the Council of Ministers to not more than 10 per cent of respective strengths of Parliament and state legislatures.
Tushar Deshpande and Shardul Thakur starred with the ball to put Mumbai on top following a meek display from Tamil Nadu on the opening day of their Ranji Trophy semi-final.
It said the recovery is constrained by ongoing human and economic cost of Covid-19 pandemic and negative impact of food price inflation on private consumption. The report said India, which experienced a contraction of 7 per cent in 2020, showed a strong quarterly growth of 1.9 per cent growth in the first quarter 2021 on the back of the momentum of the second half of 2020 and supported by government spending in goods and services.
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.
Tata Consultancy Services has taken action against six employees after finding them guilty of accepting favours from certain staffing firms in the appointment of contractual workers, Tata Sons chairman N Chandrasekaran said on Thursday. The largest IT services exporter is investigating the role of three more of its employees, Chandrasekaran said while speaking at the TCS annual general meeting in Mumbai. "We have banned six employees and also six companies," he said in response to questions from shareholders.
To understand Modi, listen to what he does not say -- vide NRC, suggests Prem Panicker.
The country's GDP is likely to grow at 1.3 per cent in the fourth quarter of 2020-21 and may see a contraction of around 7.3 per cent for the full financial year, according to an SBI research report 'Ecowrap'. The e-National Statistical Office (NSO) will release the GDP estimates for the March 2021 quarter and provisional annual estimates for the year 2020-21 on May 31. "Based on our 'nowcasting model', the forecasted GDP growth for Q4 would be around 1.3 per cent (with downward bias) as against NSO (National Statistical Office) projection of a negative (-)1 per cent," the research report said.
The Indian Equestrian team won a historic bronze medal on debut at the Women's International Tent Pegging Championship at Wadi Rum in Jordan.
India wicketkeeper batter Richa Ghosh on Friday said playing as per merit of the ball and being judicious helped the hosts gain advantage over Australia in the ongoing one-off Test in Mumbai.
However, finding the funds to fulfill them will be a herculean task.
However, the SBI report said it will take almost seven-quarters from Q4 FY21 to reach the pre-pandemic level in nominal terms and there will be a permanent output loss of around 9 per cent of GDP.
"Growth is expected to moderate gradually in China... pick up in India, and remain broadly stable in the Asean-5 region."
Sounding bullish on the stock markets, it pegged the Sensex target at 23,000 by December.
Ben Duckett's hundred overshadowed Ravichandran Ashwin's monumental feat as England stormed to 207/2 at stumps on Day 2.
Jia Min was happy to execute her plan but acknowledged that her opponent was not at her best shape.
Ford on Tuesday announced the prices of its new sedan 'Fiesta', with the entry level 1.4 litre petrol version being pegged at Rs 5.59 lakh.
A spirited Afghanistan upset Sri Lanka by seven wickets to continue their memorable campaign at World Cup 2023.
India has logged 7,178 new coronavirus infections, while the active cases have dipped after 69 days, according to the Union health ministry data updated on Monday.
Asian Development Bank on Thursday pegged India's economic growth at 7.4 per cent for 2004 and said high growth is likely to be sustained in medium term.
The major highlights from the deadline day as teams announced their retention list for IPL 2024.
Nirma has roped in BCG and KPMG to advise it on the fundraising options for the acquisition. The company had earlier informed banks that it would raise Rs 5,000 crore to Rs 7,000 crore in the current financial year for the acquisition. Bankers said the company will rely on its funds and future GLS dividend to repay its debt for acquisition.
India failed miserably in all departments of the game as they suffered a comprehensive 38-run defeat against England in the first T20I of the three match series in Mumbai on Wednesday.
A career-best unbeaten 92 from new captain Mitch Marsh propelled Australia to a comprehensive 111-run victory over hosts South Africa in the first Twenty20 International in Durban on Wednesday.
A major fire broke out on the sets of TV serial Gum Hai Kisikey Pyaar Meiin in Film City, Mumbai, on Friday afternoon, an official of the Brihanmumbai Municipal Corporation said.
Expressing optimism over the developments in the economy, Reserve Bank of India on Monday pegged the GDP growth for 2004-05 in the range of 6.5-7 per cent
The total number of unique investors directly investing in the stock market has surged to 80 million for the first time, with the latest 10 million additions taking place in just eight months, according to data shared by the National Stock Exchange (NSE), the country's largest bourse. "The 80 million unique PAN (permanent account number) investors correspond approximately to around 50 million unique households in India amounting to around 17 per cent households directly investing in the Indian stock market via NSE's extensive nationwide network of trading members," said the exchange. In 2021, the number of domestic households were pegged at 300 million.
Fund managers of large-cap and equity-linked saving schemes (ELSS) have demonstrated a marked improvement in their performance over the past year, according to the latest SPIVA (S&P Indices Versus Active) report released by S&P Dow Jones Indices. In the one-year period ending June 2023, 17 per cent of active large-cap schemes outperformed the S&P BSE 100, compared to just 9 per cent at the end of June 2022. In the case of ELSS, there was a sharp improvement in performance, with 66 per cent of active schemes delivering better returns than the benchmark S&P BSE 200.
Rise in input costs, inventory write-off, and pricing pressures led to a drop in gross margins. Higher competitive pressures led to cuts in operating profit margins and earnings estimates for FY24 and FY25. Most brokerages have a 'neutral' or a 'reduce' rating on the stock on account of valuations.
The general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes.
But Indians work less than smaller countries with small populations like Bhutan, the Congo, Lesotho and Gambia.
Images from the 3rd ODI between India Women and Australia Women at the Wankhede Stadium in Mumbai.
Australia were 126/3 at stumps on Day 1 of the 4th Ashes Test against England at the Sydney Cricket Ground on Wednesday.
The daily positivity rate was recorded at 4.39 per cent and the weekly positivity rate was pegged at 5.1 per cent.
India launched their home World Cup campaign with a six-wicket victory over Australia after Virat Kohli and KL Rahul guided them through a jittery run chase on Sunday.
The death toll has increased to 5,31,369 with 24 deaths, which includes nine reconciled by Kerala, the data updated at 8 am stated.
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