Government's push for Make in India which focuses on select 26 sectors and improving the 'ease of doing business' will aid the manufacturing/industrial growth.
Inflation in food articles basket was 6.99 per cent In May, 2019, down from 7.37 per cent in April. However, onion prices spiked in May with inflation at 15.89 per cent, as against (-) 3.43 per cent in April.
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
Stating that an economic recession gripped global economy following the lockdowns due to COVID-19 pandemic, Fitch Ratings on Friday said the initial disruptions to regional manufacturing supply chains in China have now broadened to include local discretionary spending and exports.
Such cold-shoulder by banks also indicates a credit freeze that is hard to overcome, unless the government comes out with credit guarantee schemes for loans given by banks. Since that is not happening, and there is no indication of that too, banks are not willing to listen to RBI prodding.
Historically, there has been no correlation between growth in bank credit to industry and lower benchmark interest rate
The economy is likely to grow at about 5.6 per cent in 2014-15 and fiscal and current account deficits no longer pose a threat to macroeconomic stability, India Ratings said on Friday.
Over 93% of the orders in the year came from the central and state governments, PSUs, and NHAI.
Perhaps the way forward could be the introduction of uniform rating standards - on the lines of accounting standards for the accounting profession - with a separate regulating authority for enforcing those standards, says Sudipto Dey.
If the industrial sector expanded, growth rate is likely to rise in the remaining quarters to reach 7.6-7.8 per cent for 2017-18.
More rate cut by RBI unlikely this fiscal, say Ind-Ra
Since 2013, the FDA has banned around 30 Indian drug manufacturing units for various violations
The RBI has lowered interest rates by 1.25 per cent since January.
According to Ind-Ra's analysis, credit metrics of hotel companies have showed a downward trend since FY08.
RJio will further add bottomline pressures on the already struggling telcos that will ultimately be forced to consolidate
The UK voted to leave the European Union after 43 years.
Dealers say foreign investors are now taking keen interest in lower-rated corporate bonds, too
Traders are closely watching the progress of the monsoon.
As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
Indian retail investors continue to sell gold ETFs.
However, RBI would continue to nudge banks to cut lending rates
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The basis of Ind-Ra's expectation of INR appreciation is based on economic developments in the last one to two months of this fiscal and the likely developments in the remaining months.
India's annual industrial output grew at a slower-than-expected pace of 3.6 percent in September.
India Inc has an impressive report card to show for the first quarter of this financial year.
Home and kitchen appliances, electronic products, apparel and B-segment cars stand to gain.
The manufacturing sector, which accounts for over 75 per cent of the index, declined by 2.4 per cent against a growth of 4.1 per cent in December 2014.
Given the stability of the rupee over the last 10 months, many companies have been tempted not to hedge their foreign currency risk.
According to World Gold Council (WGC), gold jewellery demand in India, the world's largest consumer, touched record 662.1 tonnes in 2014.
Experts say Indian students will have to accept that international space for them is shrinking.
RBI will now increasingly shift focus to domestic parameters
Benchmark rate for new loans to be lower by 80-90 bps from Friday; move could increase competition but hit commercial papers.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
Better-than-expected financial results in Q3 due to higher revenue growth and margins in key markets fuel the rally
The rupee's stability in the last 12 to 18 months made corporates reduce hedging
This analysis is based on the quarterly earnings for 724 companies.
Foreign investments are set to gain momentum after 2014 general elections, but a 'magic' work is unlikely for the overall economy in the immediate future, says India Ratings' chief Atul Joshi.
The appeals came against orders of the Central Information Commissioner in various cases.
Onions had the highest inflation rate among all major commodities.
Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially, says Anup Roy.
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