Inflation rate during August, the data for which is yet to be released, was likely to remain at about 7 per cent, said SBI Ecowrap.
Reliance has significant investments in telecom, consumer retail and media businesses in India.
Amid uncertainties arising out of the second wave of COVID-19, the Reserve Bank on Thursday said that a durable revival of private consumption and investment would be critical for sustaining economic growth post-pandemic. Observing that 2020-21 has left a scar on the economy, RBI in its annual report said, "in the midst of the second wave as 2021-22 commences, pervasive despair is being lifted by cautious optimism built up by vaccination drives." The second wave of the pandemic has prompted revision of growth projections for the current fiscal and the consensus appears to be gravitating towards RBI's forecast of 10.5 per cent, the report added.
The Reserve Bank of India on Wednesday retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in COVID-19 infections has created uncertainty over the economic growth recovery. In its last policy review, the RBI had projected a GDP growth rate of 10.5 pc for FY'22. Taking various factors into consideration, it said, "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4."
The life insurer tinkered with its business strategy - raised the share of protection plans and reduced dependency on ULIPs in the past four years.
Suarez Navarro completed her chemotherapy in January, a milestone moment after her life was turned upside down.
Very gradual fiscal consolidation glide path with looser-than-expected fiscal policy; good quality spending mix and reasonable assumption on fiscal math; and focus on privatisation, asset monetisation and long-term funding for infrastructure investments, according to Morgan Stanley, are the three key themes from the Budget 2021.
Actor and yoga enthusiast Abigail Pande needs no excuse to hold back from her workouts.
'I think the ECB has been very forward-thinking,' Buttler said, praising the board for recognising the challenges of living in bio-bubbles
The family also alleged that he was forced to put the child in the car and when his shirt got blood stained, he was asked to wash it.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The fundamental debate remains where you stand on the long-term growth question. That is what every investor must monitor and come to their own conclusions, suggests Akash Prakash.
Rediff.com's Rajesh Karkera gets models to reveal how they felt walking in some of the iconic outfits at the ongoing Lakme Fashion Week.
The improved outlook on the Government of India announced by rating agency Moody's might need to be viewed with some scepticism. There is no doubt the performance of the Indian economy has sharply improved from the deep trough it hit last year. But the ability of the second largest global ratings agency to assess an upside and downside before events make everyone wise about India has been dismal for a long time, as the chart shows.
The Judgementall Hai Kya trailer is super interesting and engaging, feels Namrata Thakker.
Apoorva Jayarajan is inspiring people to embrace a healthy lifestyle.
According to the new proposals, resident promoters or a foreign promoter from a FATF jurisdiction can set up a market infrastructure institution.
Wellness expert Roopashree Sharma answers your health queries.
'It really doesn't matter that investors getting allotments sell their IPO stock holdings on listing day because a new set of investors are entering.' 'This explains the continued rise in stock prices even after the first day of listing.'
'Listen to the government's advice. Self-isolation for a few weeks may give you many more years.'
Despite all the negative news, markets may not see a major correction or appreciation from the current levels.
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
Among the Sensex 30 stocks, new entrant Sesa Goa soared 22 per cent to Rs 187, while TCS rose 11 per cent to Rs 2,023.
Many investors, who have made money in the rising market of the recent past, are pulling out of equity funds, believing that they can earn more by investing directly.
'A time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months.'
A trainee of former Olympian shooter Suma Shirur, Avani Lekhara became India's first woman gold medallist at the Paralympic Games in Tokyo on Monday when she shot a total of 249.6 in the 10m Air Rifle Standing SH1.
Two ratios can help you in monitoring your mutual funds' performances and finding worthy ones.
Asoka still makes for irresistible viewing, raves Sukanya Verma, and tells us why.
A fall in crude oil price and Aramco's $75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd's oil-to-chemical unit (O2C), research firm Jefferies said. Richest Indian Mukesh Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the O2C business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.
Take a look at Sush's seriously ripped pics.
The brokerage also pegged 2013-14 growth at 6.9 per cent and at 7.5 per cent for FY'15. It also has one of the highest gross domestic product forecasts for the current fiscal at 5.7 per cent.
Star all-rounder Glenn Maxwell says that he, along with his Australian teammates, wouldn't mind being on the same chartered flight that would take India, New Zealand and England players to the United Kingdom after the conclusion of IPL 2021.
Priyanka and Farhan's love story looks really cute and their chemistry is crackling, writes Karan Sanjay Shah.
"We keep hearing that Pakistan is a 'victim of terrorism'. This is the country which is an arsonist disguising itself as a fire-fighter. Pakistan nurtures terrorists in their backyard in the hope that they will only harm their neighbours," India's first secretary Sneha Dubey said in the UN General Assembly on Friday.
While small-caps have delivered higher returns than their large-cap peers, investors would do well to recognise the incremental risk of investing in these companies.
Just how do film folk spend their Sundays? We tell you.
Morgan Stanley attributes the strength in the domestic rally to local flows.
The 30-share Sensex ended up 190 points at 25,519 and the 50-share Nifty climbed 57 points to end at 7,626.
