India's GDP growth for the current fiscal is expected to slow down to 4.8 per cent, a UN report has said, warning that the Covid-19 pandemic is expected to result in significant adverse economic impacts globally. The UN 'Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies' said that Covid-19 is having far-reaching economic and social consequences for the region, with strong cross-border spillover effects through trade, tourism and financial linkages.
Maruti Suzuki India (MSI) on Monday reported a 29.1 per cent rise in total sales in October.
The NSE Nifty after shuttling between 10,441.90 and 10,341.90, ended 6.15 points, or 0.06 per cent down at 10,380.45.
The country's largest software exporter Tata Consultancy Services on Monday reported a stellar 72.7 per cent growth in net profit at Rs 6,413 crore for the fourth quarter of last fiscal ended March 31.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
Historically, the IIP performance has shown little or no correlation to corporate performances.
'Modi forgot to ask Trump for anything that India may need -- and there is so much shortfall all around!', states Ambassador M K Bhadrakumar.
Year 2017 will be a benign year for FII flows into India feels Akash Singhania, deputy chief investment officer, DHFL Pramerica Asset Managers.
The global ratings agency, however, cautioned that high debt burden remains a constraint on the country's credit profile.
The rupee's strength against its competitor could come to haunt exporters.
Parekh says drafting new I-T law is hindered by the lack of experience.
Regarding employment, the manufacturing sector hiring remained broadly unchanged.
While the Budget might have been a sentiment booster for the sector, firms with market dominance emerge as favourites.
'The outlook for private investment, which has been such a weak link for India for so long, remains challenging.'
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
The UK steel industry is struggling for survival in the face of extremely challenging market conditions.
It is worth reconsidering if this fascination with either having a single party majority or Modi's leadership or, indeed, both, is such a great idea for India, says Udit Misra.
A smartly executed reform-recap will be the best booster for the economy, says Ajay Chhibber.
'They take each and every election with seriousness.' 'No other political party has that kind of cadre who is strongly aligned with the reason, motto and ideology of their party.'
China plans to sell to foreign countries its new short-range air to surface missile which can be mounted on drones and is designed for anti-terrorism operations.
The company's net profit was Rs 5,972 crore in the same period of 2014-15 fiscal.
What worked for Hyundai in India when so many other auto manufacturers have had to eat humble pie? Pavan Lall finds out.
The company is accused of making a series of false promises and intentional misrepresentations.
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
The Auto Component Manufacturers Association of India on Wednesday sought reduction in GST rate to a uniform level of 18 per cent for the entire automobile industry to stimulate demand and help save around 10 lakh jobs, which are at risk due to prolonged slowdown in vehicle sales.
Both Sensex and the rupee posted slight gains on Monday but Brexit concerns lingered.
Revenue of the Bengaluru-based firm grew 1.7 per cent to Rs 17,078 crore in the June quarter as against Rs 16,782 crore in the year-ago period.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
Stretched valuations and slowdown in DII flows are some of the reasons why Goldman Sachs cut its India rating to 'market-weight'
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
The rupee has been falling for five straight weeks, taking its losses this quarter to 6.6 per cent, making it the worst performing currencies in Asia during this period.
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
The broader NSE Nifty too dived by 101.65 points, or 0.97 per cent, to close at 10,350.15.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Even as good days continue to elude the economy at large, they seem to have arrived for Maruti Suzuki.
More than half the Sensex companies have declared their results for the third quarter and there are more positive surprises than disappointments.
IT exporters were the top gainers amid a weak rupee along with select index heavyweights.
"The meeting demonstrated the depth of India-France bilateral partnership, especially in the defence sector, that has significantly strengthened in recent times. Both leaders resolved to take the relationship to the next higher level," said a statement issued by the ministry after the 35-minute meeting.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
Through the past 12 months, the Bank Nifty has risen 55%
