'This solid verdict would further strengthen his resolve to drive forward the economic agenda to ensure that the fruits of the economic momentum continue to reach the poor, so visible during the last five years.'
Silver also dropped by Rs 300 to Rs 38,400 per kg.
Top companies across sectors -- automobile maker Maruti Suzuki, consumer electronics giant Samsung to IT giant Infosys -- have reopened factories and offices as India took its first steps towards resuming economic activity after weeks under a near-total coronavirus lockdown.
Should we really pay attention to them, asks Ajit Balakrishnan.
Silver also remained under selling pressure.
RIL's standalone net profit rose one per cent quarter-on-quarter
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
Services companies continued to raise prices, though the rate of change was the weakest since April
'Demonetisation will push India onto a higher growth path after a temporary dip.'
IHS said low regulated gas prices have precipitated a supply shortfall in India, but proposed that reforms to the pricing formula could yield higher domestic production and boost India's economy.
The government's Rs 20.97 lakh crore COVID-19 package lacks in addressing the immediate concerns of the economy as the actual fiscal impact of the additional stimulus is only about 1 per cent of the GDP as opposed to the claim of 10 per cent, Fitch Solutions said on Tuesday. Prime Minister Narendra Modi on May 12 announced a stimulus package of Rs 20 lakh crore, or nearly 10 per cent of GDP, to deal with the economic fallout of COVID-19. The contents of the package were broad-based and announced in five tranches.
India will also play an increasingly important role as one of the Asia-Pacific region's major economic growth engines, helping to drive Asian regional trade and investment flows.
Although growth picked up slightly across the world's main emerging markets on an average, rates of expansion remain subdued
L&T is the preferred pick, but given the opportunities in the power T&D space analysts are also positive on KEC, ABB and Kalpataru
The US Federal Reserve has raised its benchmark interest rate by 0.25 per cent, only the second increase in a decade.
Traders are looking ahead at the consumer prices data due on Wednesday, amid rising expectation the Reserve Bank of India could opt for earlier-than-expected cuts in interest rates should inflation continue to ease.
India's private sector activity contracted further in August, reflecting faster contractions of both manufacturing and services output, amid decline in new orders and tough economic conditions.
Current Account Deficit is projected at 1.2 per cent and 1 per cent of GDP in 2014-15 and 2015-16.
The rating agency expects the Reserve Bank of India to continue its accommodative monetary stance.
The latest research by Regus, a flexible workspace provider, showed that 48 per cent of business people surveyed in country consider flexible working can breed innovation among employees.
According to Soumya Kanti Ghosh, chief economic advisor of the State Bank of India group, a 50 bps rate cut is a possibility, but 25 bps is more likely.
A combination of farm loan debt waivers by state governments and the implementation of the pay commission award could entail some fiscal slippages and pose a risk to inflation
World Bank says India has bright prospects.
Ahead of the Economic Survey, industry body Ficci today lowered its GDP growth forecast for the current fiscal, pegging India's economic expansion rate at 5.3 per cent compared to its 5.5 per cent previous estimate.
The rupee on Friday fell by 9 paise to 67.64 per dollar on fresh demand for the American currency.
The stock market, the Survey felt, had run away from underlying real economy indicators and asked if this indicated rational confidence or irrational exuberance.
Against the backdrop of rising crimes against women, Congress President Sonia Gandhi on Saturday said making laws for their empowerment is not enough, as they will have to be implemented properly on ground.
'The nominations were not meant to last permanently, but depended on the government of the day.' 'There was no question of revoking it during Congress, Janata Dal or even Vajpayee's NDA rule.' 'But Modi is different.'
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
Will the next generation possess an even more internationalist outlook, and lose their Indian identities entirely? Will they continue to believe in a larger role for business in society and go beyond the boardroom to truly understand the Indian consumer, ask Geoffrey Jones & Vinay Sridhar of Harvard Business School.
The company's investments in telecom business reached 15-20% of capital employed.
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The best way to put the economy back on track is to abolish income and corporate taxes, as this will not only raise confidence but also increase savings and boost growth, the Bharatiya Janata Party's Subramanian Swamy tells Faisal Kidwai.
Sangita tells us what she learned from her father.
With Modi's visit, New Delhi hopes there will be breakthroughs in many aspects, especially business and trade, security cooperation and nuclear issues.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
Why do hundreds, and in some cases, thousands, turn up for a single vacancy at the lowest rungs of government jobs? The answer is simple: It offers a stable, assured income, which overcomes all other objections, says Shreekant Sambrani.
The HSBC India Composite Output Index, which maps both services and manufacturing activity, fell to 48.4 in July, down from 50.9 in June, indicating an overall contraction.
Wipro, Steel Authority of India, HDFC Bank, Mahanagar Telephone Nigam, Bharat Heavy Electricals and Reliance Commnications among companies reporting a decline in headcount in FY17.
The index went below the crucial 50 mark.
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