The government expects the economy to grow by 7-7.75 per cent in the current fiscal.
According to the study, the corporate space would witness a gradual but sure advent of aggressive hiring in the first quarter of FY 2010-11.
A short display of Brazilian culture, including their music and dance, greeted the Indian contingent at the formal Welcome Ceremony in the Games Village for the 31st Olympic Games in Rio de Janeiro.
Average global growth prospects for the next 12 months and the next three years are 35 per cent and 49 per cent, respectively.
The two leaders are understood to have discussed ways to expand bilateral ties. The 30-minute meeting took place on the sidelines of the ASEAN-India summit. Trade between the two countries has been growing at a rapid pace and the two nations have set an ambitious target of $10 billion to be achieved by 2010.
Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on Tuesday. The seasonally-adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) was up from 55.1 in September to 55.3 in October. The October PMI data pointed to an improvement in overall operating conditions for the 16th straight month.
The general elections in April/May 2024 are expected to add volatility to the Indian markets, keeping investors on their toes.
Even if no statistical jugglery is afoot, only to warn that the 'noise' in the numbers should be eliminated in order to hear the underlying music, without distortion, warns T N Ninan.
Moody's said domestic growth will offset global headwinds.
Macroeconomic data announcements, global trends and trading activity of foreign investors would guide momentum in the equity market this week, analysts said. Markets ended a five-week losing streak and gained nearly a per cent last week, helped by a sharp rebound on Friday. Last week, the BSE benchmark jumped 500.65 points or 0.77 per cent and the Nifty gained 169.5 points or 0.87 per cent.
New Zealand's Indian-origin spinner Rachin Ravindra, who played a pivotal role in helping his side draw the first Test against India, said he was quite nervous about how the game would pan out as far as his bowling was concerned.
Virat Kohli will face the toughest battle of his fledgling captaincy career when India take on a resurgent Australia in the second cricket Test.
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
Earlier this month, the global financial services major revised its outlook for India's GDP growth for 2009-10 to 6.8 per cent from 5.5 per cent and for the next fiscal to 7.8 per cent from 6.6 per cent. The bank's revision of India's GDP forecast is mainly on higher investment growth, Citi said adding the key driver during FY'03-08 was the 17.1 per cent compounded annual growth in investments.
Foreign Portfolio Investors (FPIs) have pumped Rs 47,148 crore in the Indian equities in June, making it the highest inflow in 10 months, enthused by the country's steadily improving macroeconomic fundamentals. However, inflows in July may be subdued as FPIs might adopt cautious stance due to the recent comments from the US Federal Reserve, Mayank Mehraa, Smallcase manager and principal partner at financial consultancy Craving Alpha, said. Besides, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said FPIs are likely to turn a bit cautious going forward as valuations in the country are rich from a short-term perspective.
US rate hike fear keeps Asian firms in check; India most upbeat.
The latest survey is based on a sampling of 565 executives.
Equity markets rallied after softer-than-expected inflation data in the US and UK rekindled hopes of the end of the rate-hiking cycle by major central banks. The soft inflation reading drove down bond yields and the US dollar, whetting the appetite for risky assets. The 10-year US bond yield fell below 4.5 per cent after topping 5 per cent less than a month ago.
A confident Indian cricket team arrived in Kingston for the second Test against hosts West Indies starting July 30, hoping to carry on the momentum it gained with an innings victory in the series opener in Antigua.
Australian team will be aiming to put up a much better batting performance with a rejigged playing eleven against an upbeat South Africa
The OCA has run into troubles after the International Olympic Committee (IOC) refused to recognise its elections last month, and asked India's Singh to carry on as its acting president.
'If he has not achieved 'Congress mukt Bharat' even now, the question of his creating a 'DMK mukt Tamil Nadu' does not arise,' points out N Sathiya Moorthy.
The desi model owns a spotlight-stealing wardrobe.
Fitch Ratings on Tuesday retained India's economic growth forecast at 7 per cent for the current fiscal, but cut projections for the next two financial years saying the country is not impervious to global developments. In its December edition of the Global Economic Outlook, Fitch projected India's GDP to grow at 7 per cent in the current fiscal, at a slower rate of 6.2 per cent in 2023-24 and at 6.9 per cent in 2024-25. In September, Fitch projected 7 per cent growth for the current fiscal, followed by 6.7 per cent in 2023-24 and 7.1 per cent growth in 2024-25.
Manufacturing activities in India advanced further and touched a 31-month high in May supported by stronger increase in new orders and favourable market conditions, which in turn generated more employment opportunities, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) rose from 57.2 in April to 58.7 in May, indicating the strongest improvement in the health of the sector since October 2020. The May PMI data pointed to an improvement in overall operating conditions for the 23rd straight month.
Set to tune by celebrated music composer A R Rahman, Jai Ho received an Academy Award for Best Original Song at the 81st Academy Awards in 2009, and also won in the category of 'Best Song Written for a Motion Picture' at the 52nd Grammy Awards in 2010.
Prime Minister Manmohan Singh on Sunday said he expected India's economy to grow by a healthy 7 to 7.5 per cent in 2009, despite the global financial crisis eroding output across sectors."Due to the current financial crisis, growth rate may come down somewhat next year, but I am still confident that we will be able to achieve a rate of between 7-7.5 per cent," he said while addressing the Indian community in Oman.
'We have chosen an experienced side for the Commonwealth Games and the players believe they have a good shot at a medal'
Indian equities have had a rocky start to 2008, after years of double digit growth, but that has not stopped providers coming to the market with fund launches
Lack of political consensus on economic reforms a key concern.
According to Assocham, "the prospects for improving bilateral economic relations seem extraordinary. . .Pakistan will benefit by improving trade and economic relations with a fast growing country like India".
The group seems undeterred by stiff competition posed by new entrants like Colors and NDTV Imagine in the general entertainment segment.
In an interview with rediff.com ahead of his departure for India where he is to take part in Yale CEO Leadership Summit of the Chief Executive Leadership Institute, Levin said that Yale has a long history with India and rapidly growing set of significant connections to the country in many areas -- the government, business sector, academic community, civil society, and other areas.
Osim revealed its plans of opening 10 showrooms in Tier-1 and Tier-2 cities in India. They have a positive approach to operations in India.
Corporate India is on the path to recovery after having been pummelled around in the global recessionary storm, with companies showing optimism on hiring and salary increases, says a joint Mercer-CII survey.
Manufacturing activities in India accelerated further and touched a four-month high in April, boosted by robust new business growth, mild price pressures, better international sales, and improving supply-chain conditions, a monthly survey said on Monday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) increased from 56.4 in March to 57.2 in April, indicating the fastest improvement in the health of the sector so far this year. The March PMI data pointed to an improvement in overall operating conditions for the 22nd straight month.
The recent equity market weakness has sobered up investor mood, but the coming festive season is keeping analysts upbeat on stocks related to the consumption basket. Among the lot, fast-moving consumer goods (FMCG), retail, and consumer electronics segments are expected to do well over the next few months, and investors should thus selectively take bets in these pockets, analysts suggest. "We expect good volume growth for the FMCG sector during the festive season with some improvement in rural demand.
The quarterly global survey asked more than 6,000 firms in 30 countries that whether they were hiring at managerial and professional level and planned to do so in the coming quarter as well.
Head of Deutsche Equities Keshav Sanghi states that medium-term foreign investors are still positive on India.
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