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Drop in health expenditure amid pandemic surprises experts

The ministry of health and family welfare spent Rs 3,948 crore in May this year compared to Rs 7,816 crore in the corresponding month of the previous year. On the other hand, at Rs 12,930 crore,......

India sees new single-day spike as Unlock 1 to begin next week

The nationwide tally of confirmed COVID-19 cases reached 2.17 lakh on Thursday with a record number of over 9,000 new cases getting detected and several states reporting their highest one-day......

Govt mulls extending lockdown as COVID-19 cases near 5k

The nationwide tally of confirmed COVID-19 cases neared 5000 on Tuesday amid hectic discussions for a possible extension of the 21-day lockdown beyond April 14 as several states announced plans to......

How IL&FS crisis has impacted non-banking finance companies

For non-banks, the IL&FS crisis was nothing short of India’s Lehman moment, which has for a foreseeable future reset the sector on multiple grounds. Two and a half years after the......

Positive cues from China cheer Indian steel companies

Barring last year when Covid-related restrictions affected China's steel demand in February 2020, historical trends show a typical upward movement in steel prices post-New Year festivities.......

Budget has good news for Chinese steel mills

Spiraling steel prices led the government to cut customs duty by 2.5-5.5 per cent on a range of products from semi-finished to flat and long products for the benefit of MSMEs, that have been at the......

IIP grows 1% in Dec; retail inflation cools to 16-month low of 4.06% in Jan

Indicating some signs of recovery, industrial production recorded a positive growth of 1 per cent in December while retail inflation cooled to a 16-month low of 4.06 per cent in January, providing......

Domestic air travel demand contracts 41% to around 76 lakh passengers in Jan

Domestic air travel demand contracted by 41 per cent year-on-year to around 76 lakh passengers in January with sequential growth also slowing down to 3.5 per cent during the month over December......

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How IL&FS crisis has impacted non-banking finance companies

For non-banks, the IL&FS crisis was nothing short of India’s Lehman moment, which has for a foreseeable future reset the sector on multiple... ...

http://www.rediff.com/money/report/how-ilfs-crisis-has-impacted-non-banking-finance-cos/20210305.htm

Moody’s and ICRA

"A rising preference for personal mobility vehicles, along with the government's new voluntary vehicle scrappage policy, will support automobile... ...

https://economictimes.indiatimes.com/news/economy/indicators/indias-recovery-will-be-led-by-sectors-such-as-ferrous-and-non-ferrous-metals-auto-and-textiles-moodys-and-icra/articleshow/81212679.cms

NBFCs to be under the impact of Covid-19 even in the next fiscal, says ICRA

ICRA expects NBFC's non performing assets (NPAs) to increase to 5.60% to 6.80% of loans at the end of the current fiscal from 4.50% reported at the... ...

https://economictimes.indiatimes.com/industry/banking/finance/nbfcs-to-be-under-the-impact-of-covid-19-even-in-the-next-fiscal-says-icra/articleshow/81211107.cms

ICRA

Larger developers have been benefitting from demand consolidation and better credit availability. The residential realty sector is witnessing a... ...

https://www.ndtv.com/business/big-real-estate-developers-double-market-share-icra-2377003

Report

High interest shown by both foreign portfolio investors and retail investors in the markets will lead the domestic broking industry's revenue to... ...

https://economictimes.indiatimes.com/markets/stocks/news/after-a-blockbuster-fy21-brokerages-revenue-growth-to-moderate-in-fy22-report/articleshow/81173619.cms

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