P2P platforms do not have the safety net. Instead of playing the role of an intermediary, if they run their own balance sheets for safety and growth, it's a recipe for disaster, warns Tamal Bandyopadhyay.
Canada has evacuated a majority of its diplomats working in India outside of New Delhi to either Kuala Lumpur or Singapore after it gave Ottawa an October 10 deadline to reduce its diplomatic staff to achieve parity in strength following a row over the killing of Hardeep Singh Nijjar, according to a media report on Friday.
The country's real GDP growth in the first quarter will be better than the Reserve Bank's estimate of 8 per cent, economists said on Tuesday. Economists at the country's largest lender SBI pegged the growth at 8.3 per cent while domestic rating agency Icra estimated it to come even higher at 8.5 per cent. The Reserve Bank of India (RBI), which expects the GDP to grow at 6.5 per cent in FY24, has estimated a growth of 8 per cent in the April-June period.
Fraudsters in Himachal Pradesh minted a series of a cryptocoins -- two of which were KRO and DGT -- to cheat thousands of investors of more than Rs 200 crore over a period of five years, beginning in 2018 -- the year the crypto reached fever pitch.
Images from Day 3 in the first Test between South Africa and India, at SuperSports Park, Centurion, on Thursday.
The government's ambitious vision document that aims at achieving electronics manufacturing with a value of $300 billion by FY26 (including exports of $105-130 billion) could end up far lower than the target, according to a reality check this month. The reality check came from the Indian Cellular and Electronics Association (ICEA), which partnered with the government in preparing the document. The members of the ICEA are mobile and electronics companies, and its assessment, based on current trends, indicates that the total electronics production in FY26 will be around $225 billion.
India has recorded 9,111 new coronavirus infections, while active cases have increased to 60,313, according to the Union health ministry data updated on Monday.
The daily positivity was recorded at 2.61 per cent while the weekly positivity was pegged at 1.91 per cent.
Moody's Investors Service on Wednesday raised India's economic growth estimate for 2023 to 5.5 per cent from 4.8 per cent pegged earlier, on the back of a sharp increase in capital expenditure in the Budget and a resilient economic momentum. It however revised downwards India's growth estimate for 2022 to 6.8 per cent from 7 per cent pegged in November last year. In its February update to Global Macro Outlook 2023-24, Moody's raised the baseline 2023 real growth projections "meaningfully" for several G20 economies, including the US, Canada, the Euro area, India, Russia, Mexico, and Turkiye, accounting for a stronger end to 2022.
The daily positivity rate was recorded at 6.91 per cent while the weekly positivity rate was pegged at 3.67 per cent.
The 28-year-old has had to deal with his share of injuries since making his international debut back in 2017.
Smarting from their nine-wicket thrashing by New Zealand in the tournament opener, England amassed 364-9 after their top order fired with Malan forging century-plus partnerships with Jonny Bairstow (52) and Joe Root (82).
Bangladesh might not look too threatening in the World Cup but their record against the Proteas
India logged 157 new coronavirus infections, while the active cases increased to 1,862, according to the Union health ministry data updated on Friday.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
Skipper Rohit Sharma led India's rapid reply and Virat Kohli ended with an unbeaten 103, hitting a six to reach his hundred and secure India's win with 51 balls to spare.
Choppers belonging to the Western Air Command carried out over 50 sorties over the last 48 hours, rescuing over 780 citizens in the flood-affected areas of Kangra district in Himachal Pradesh, Indian Air Force officials said.
The average ticket size (ATS) of all transactions on United Payments Interface (UPI) in H1 2023 was pegged at Rs 1,604, marking a 10 per cent decline, compared to Rs 1,774 in H1 2022, according to data from Worldline India's Digital Payments Report. The reduction in the overall ATS on UPI is a good sign, suggesting a deeper embedding of UPI as it is being used for smaller or micro-transactions, and the dip is driven by the growth in person-to-merchant (P2M) transactions, the report said. The ATS of P2M transactions dipped 21 per cent from Rs 839 in H1 2022 to Rs 659 in H1 2023.
The world has recognised India as a bright star as the country is recording healthy economic growth despite global uncertainties, finance minister Nirmala Sitharaman said on Wednesday. India's growth at 7 per cent in the current fiscal is the highest among major economies and the Indian economy is on the right track, she said in her Budget speech.
A total of 2,208 cases were recorded on October 28 last year.
India played the tournament's best cricket for nearly six weeks but it was the familiar sight of Australia celebrating with the trophy as fireworks exploded overhead when the 13th edition of the World Cup came to a close on Sunday.
A division bench of Justices Vibhu Bakhru and Amit Mahajan set aside the single judge's December 24, 2019 order pegging the value of the property at Rs 130 crore.
India logged 1,890 new coronavirus cases, the highest in 149 days, while the active cases increased to 9,433, according to the Union health ministry data updated on Sunday.
South Africa broke their 24-year World Cup jinx against Pakistan with a nervy one-wicket victory and inched closer to securing a semi-final place with their fifth win in six matches.
The death toll due to the viral disease has gone up to 5,30,824 with six more fatalities -- three reported from Maharashtra and one each recorded in Karnataka, Rajasthan and Uttarakhand, according to the ministry's data updated at 8 am.
Australia blanked England while South Africa and Bangladesh showed their bowling prowess with mighty wins over Zimbabwe and USA respectively. In the 16th-place play-off, Afghanistan fought off a spirited USA side to win a low-scoring thriller.
With the assembly election results throwing up surprises, most exit polls got the outcome in Chhattisgarh and the scale of the Bharatiya Janata Party's win in Madhya Pradesh wrong.
India logged 1,300 new coronavirus cases, the highest in 140 days, while the active cases have increased to 7,605, according to the Union health ministry data updated on Thursday.
A muted revenue performance in the September quarter and weak management commentary weighed on the stock of consumer major Marico which shed 8.5 per cent to Rs 542 from its intraday highs on Tuesday. The company indicated that demand trends were similar to that of the June quarter with instances of increasing food prices and below-normal rainfall distribution in some regions impeding the anticipated recovery in rural demand.
With today's success, Indian shooters have so far won four gold, four silver and five bronze medals.
Finance Minister Pranab Mukherjee might aim for a fiscal deficit of 6.1 per cent of the GDP for the year 2010-11, although he has been stressing on the need to keep fiscal deficit at 5.5 per cent of the GDP in 2010-11 and 4.0 per cent in 2011-12. The current year's fiscal deficit is estimated to be at 6.8 per cent levels.
The Indian economy can contract by 7.7 per cent in current financial year ending on March 31 and the growth could be 11 per cent in the next financial year, according to the Economic Survey tabled in Parliament by Finance Minister Nirmala Sitharaman. The contraction in FY21 is mainly due to coronavirus (Covid-19) pandemic and the visible damage caused by the subsequent countrywide lockdown to contain it. The survey unveiled two days before the Union Budget is broadly in line with forecasts by the Reserve Bank of India (RBI) which has said it expected the country's GDP to contract by 7.5 per cent in the year ending March 31.
The toll has climbed to 5,31,091 with 27 deaths recorded in the last 24 hours.
While three deaths each were reported from Delhi and Rajasthan, two each were from Chhattisgarh and Punjab and one each from Himachal Pradesh, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Puducherry, Tamil Nadu, Uttarakhand and Uttar Pradesh besides nine reconciled by Kerala, the data updated at 8 am stated.
In the July to September quarter of 2023-24 (Q2FY24), Voltas' revenues grew by 29.7 per cent year-on-year (Y-o-Y), but the adjusted net profit was down by 63 per cent Y-o-Y. The revenues hit Rs 2,290 crore, led by growth in the Unitary Cooling Products segment (up 15.4 per cent Y-o-Y, and in the EMP (Electromechanical project) business (up 66.8 per cent Y-o-Y). The UCP revenue rose to Rs 1,200 crore in Q2FY24, driven by volume growth despite weak consumer spending - the three-year annual growth is 18 per cent.
The death toll rose by three to 5,30,753 with Uttar Pradesh reporting two fatalities and West Bengal recording one, the data updated at 8 am stated.
A total of 3,375 cases were recorded on October 2 last year.
In Telangana, the K Chandrashekhar Rao-led Bharat Rashtra Samithi has been in power since 10 years and in Mizoram, the MNF is in government.
Parliament has approved a gross borrowing for Rs 7.1 lakh crore for the entire 2019-20 fiscal.
A United Nation's body on Thursday pegged down India's economic growth prospects to 5.1 per cent in 2003 from an earlier projection of 6.0 per cent, mainly due to the impact of Iraq war, Severe Acute Respiratory Syndrome.
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