CEOs have complained that high interest rates have blocked their investment decisions. At the same time, customers are also deferring their purchases for new consumer durables, cars, and homes.
The output of eight core sectors grew by 16.8 per cent in May, mainly due to a low base effect and uptick in production of natural gas, refinery products, steel, cement and electricity, official data released on Wednesday showed. The eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity had contracted by 21.4 per cent in May 2020 due to the lockdown restrictions imposed to control the spread of the COVID-19 infections. In March this year, these key sectors had recorded a growth of 11.4 per cent, and 60.9 per cent in April.
Young Indian entrepreneurs hope to share some of the limelight too at the Hyderabad event.
Global private equity major KKR has ranked India second among the emerging markets on external risks, citing the high fiscal and current account deficits.
Even today when news organisations and their owners have stooped before the powers that be when they were only asked to bend, Prannoy is still standing tall, asserts Sanjay Ahirwal, , former managing editor, NDTV Worldwide.
Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones.
India-located funds have already raised $3.9 billion so far this year.
Here's a look at the guest arrivals.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
Aung San Suu Kyi, who claimed victory in Myanmar's historic by-election for parliamentary seats, was on Monday chosen for the first International Bhagwan Mahavir World Peace award.
Currently, the retail inflation is well below the RBI's comfort level. The government has asked the central bank to keep inflation in the range of 4 per cent.
After contracting for two quarters in a row, the Indian economy entered the positive territory with a growth of 0.4 per cent in the October-December quarter, mainly due to good performance by farm, services and construction sectors, official data showed on Friday. Trade and hotel industry registered a contraction of 7.7 per cent during the third quarter this fiscal, as the sectors continued to suffer on account of coronavirus pandemic. According to the data released by the National Statistical Office (NSO), the farm sector recorded a growth of 3.9 per cent, and the manufacturing sector output grew by 1.6 per cent in the quarter under review.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
The HC said if such remarks were made on instructions of Kejriwal, then he should 'first step into the box'.
The wholesale price-based inflation accelerated to a record high of 12.94 per cent in May, on rising prices of crude oil and manufactured goods. Low base effect also contributed to the spike in WPI inflation in May 2021. In May 2020, WPI inflation was at (-) 3.37 per cent. This is the fifth straight month of uptick seen in the wholesale price index (WPI)-based inflation. In April, 2021, WPI inflation hit double digit at 10.49 per cent. "The annual rate of inflation, based on monthly WPI, was 12.94 per cent for the month of May, 2021 (over May, 2020) as compared to (-) 3.37 per cent in May 2020.
BS Annual Awards 2014: Power-packed jury picks the best 7 of corporate India
Jaitley's Budget has the potential to change the face of Modi's Bharat
Left-arm spinner Shahbaz Nadeem claimed seven for 79 to put Jharkhand in control against Haryana on the second day of the Ranji Trophy quarter-final match, on Saturday.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
A total of 62 players were sold at the auction for the 13th edition with the eight franchises spending a total of 1.403 billion rupees ($19.73 million). Australia's Pat Cummins became the most expensive overseas buy ever in the Indian Premier League when the Kolkata Knight Riders paid a staggering Rs 15.50 crore ($2.18 million) for the fast bowler in Thursday's auction in Kolkata on Thursday.
The Delhi high court on Wednesday sought Delhi Chief Minister Arvind Kejriwal's response on a plea seeking action against him for allegedly filing a false affidavit that he had not instructed his counsel to use derogatory words against Union minister Arun Jaitley.
The former McKinsey India head is presently on board of many big Indian conglomerates.
Heated exchanges were witnessed between Union Minister Arun Jaitley and senior advocate Ram Jethmalani in the Delhi high court on Wednesday during the former's cross-examination in a defamation case against Chief Minister Arvind Kejriwal.
'People want to blacken my face for showing "leaders in a bad light".' 'People want to show loyalty to the party.' 'There's no end to it.' 'How many people should I show the film to?' 'Where do we draw the line?'
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
India Inc is encouraged by a determined Budget.
'I do not think Rajiv Gandhi at that stage had any influence on his mother. Indira Gandhi relied totally on Sanjay and she looked upon him as a dependable son.' 'What really affected people and eventually Indira Gandhi was the sterilisation drive. She lost so badly in north India because of these drives.' 'She is the one who has given this aura of 'the family' to the Gandhis.' The second and final part of veteran journalist Coomi Kapoor, whose book The Emergency: A Personal Account was published recently, to Sheela Bhatt/Rediff.com about Independent India's darkest phase.
TCS still ace in the pack
A family man with two sons, who made it a point to attend all weddings and occasions in the community, Siddhartha is known by everyone as the quintessential 'nice guy' CEO -- never yelling, raising his voice or screaming at his employees, says Pavan Lall.
The court issued notice to the ministry and directed it to file its response in two days.
The court also asked Kejriwal and other leaders of his party to file original documents related to the allegations levelled in the suit against them in one week.
Siddesh Lad's strokeful 117 and the bowlers' superb showing put Mumbai in the driver's seat against Odisha at the end of the third day in a Ranji Trophy Group C match with the hosts struggling at 93 for four in pursuit of 413 for victory.
Round up of the Ranji Trophy matches being played across the country
ONGC has suffered a loss of over Rs 30,000 crore due to alleged siphoning off of natural gas by Reliance Industries Ltd (RIL) from the PSU's well in Krishna-Godavari (KG) basin and appointment of an experts body on the issue "will not help", the state-run oil firm said.
Rajasthan Royals would be keen to adapt quickly to their new 'home ground' when they lock horns with last season's runner-up Kings XI Punjab in their campaign opener in the Indian Premier League in Pune.
A round-up of Ranji matches played on Sunday
The Cyrus Mistry camp is confident that independent directors will take their cue from their counterparts in Indian Hotels.
A round-up of results of Ranji matches played on Sunday
So far among the Indian batsmen, only one player had more first-class hundreds before the age of 18 -- batting legend Sachin Tendulkar who had seven three figure scores.
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