Rating agency says the country may lose its investment-grade status on growth concerns; finance ministry begs to differ
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
The Reserve Bank of India (RBI) sees a need to cap the total public debt as a proportion of the gross domestic product, considering that excessive government borrowing could hamper the nation's long-term growth, its governor Duvvuri Subbarao said on Wednesday.
The government and the RBI announced on Monday the much-hyped measures to boost foreign inflows, including hiking foreign institutional investors' limit in sovereign bonds.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Citing economic slowdown and political roadblocks to policy-making, rating agency S&P on Monday warned India could become the first BRIC nation to lose investment-grade rating.
Foreign private equity funds are likely to exit completely or partially the financial services space in the near-term as part of profit-booking, but will stay invested to cash in from the long-term growth story.
The new model, which is based on the company's fifth generation HEARTECT platform, comes with a BS-VI compliant one-litre petrol engine with a claimed fuel efficiency of 21.7 km per litre.
The Monster Employment Index for the month of August stood at 153, registering a 25 per cent jump over the same period a year ago, when the index level was at 122.
Amid concerns over a slowdown in economic expansion, a research report has said that a fall in the growth rate to 7 per cent could drag the stock market benchmark Sensex to as low as 14,500 points by next fiscal.
'India's march towards being a $5 trillion economy continues, notwithstanding momentary setbacks.' 'India is at an inflexion point and most economists believe this growth super-cycle will extend for over four decades.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
With economic activity buoyed by expectations from the new elected government of "Prime Minister Narendra Modi, India is benefiting from a 'Modi dividend'," the Bank said in its twice-a-year South Asia Economic Focus report on Monday.
Defending the rate hike announced on Friday, he said short-term growth could be scarified for long-term growth. "Absolutely, we will raise rates even before the policy dates if inflation goes up. The RBI governor is continuously watching the situation. Unproductive demand has to be curtailed. It is up to banks to increase the rates, but RBI is giving the signal that there is a need for rates to go up if you have to anchor inflationary expectations," Chakrabarty said after an
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
City-wise data showed that there has been improvement in online recruitment activity. Kolkata (up 51 per cent) recorded the most notable annual growth rate among all monitored cities, followed by Baroda (up 46 per cent).
'Stick to the known quality names, avoid short term thinking and don't be in a hurry to book profits on your winners.'
The development model, which they have followed for the past several decades, has failed to substantially reduce poverty and achieve long-term growth, the report released by the UN Conference of Trade and Development, said. LDCs are particularly vulnerable to the current crisis because they have small economies and are so dependent on international trade, capital flows and finance, it said.
Global gold demand hit an 11-year low in 2020 at 3,759.6 tonnes, mainly due to a weak October-December quarter and the COVID-19 related disruptions across the world driving a muted consumer sentiment throughout the year, the World Gold Council (WGC) said in a report. The overall consumer demand during 2019 was at 4,386.4 tonnes, while in 2009 the overall demand was at 3,385.8 tonnes, according the WGC's 2020 Gold Demand Trends report. Global gold demand dropped by 28 per cent year-on-year (YoY) to 783.4 tonnes in the fourth quarter compared to 1,082.9 tonnes during the October-December period of 2019, the report stated.
He asserted that he did not compromise much on getting his landmark healthcare reforms through the Capitol Hill.
Classically, the Japanese - who are not guided by short-termism - added capacity during slumps to be ready to reap their good fortune when the business cycle turned upwards again and shortages emerged, says Subir Roy.
India's real risk is not that crony populism would fail, but that it would succeed, consolidating a path that is fundamentally a trap, both in terms of social inequalities and long-term growth, says Michael Walton.
Record equity divestment by the Reliance Group in its telecom and retail businesses garnering around $23 billion revved up the deal street in 2020, which otherwise would have gone down as one of the dullest on record, and dealmakers are seeing sunnier days in 2021 given the large scope for consolidation in a slew of sectors ravaged by the pandemic. With Jio Platforms alone garnering over $16 billion (Rs 1,18,318 crore) by selling 25.24 per cent stake and Reliance Retail notching up $6.4 billion (Rs 47,265 crore) by divesting around 9 per cent shareholding, the deal street signed off with $85 billion in the deal kitty across 1,270 transactions. This is higher by about 10 per cent over 2019. What is significant is that over a third of the total deal value came from Reliance transactions, say investment bankers.
The UN Conference on Trade and Development (UNCTAD) said in a report on Monday that a lower but positive economic growth in India in the post-Covid-19 pandemic period and India's large market will continue to attract market-seeking investments to the country. The World Investment Report 2020 by UNCTAD said that India was the 9th largest recipient of FDI in 2019, with 51 billion dollars of inflows during the year, an increase from the 42 billion dollars of FDI received in 2018, when India ranked 12 among the top 20 host economies in the world.
For last two months, much of the discussion, a large part of due diligence, agreement negotiations, etc, have happened remotely.
Swiss pharmaceutical giant Novartis is buoyant about growth prospects and further protection of intellectual property rights in India, despite the setback it suffered in the patent dispute for its cancer drug Glivec last year.
'The babus in Delhi are not able to understand the pain industry is facing.'
Asian Business Exhibitions & Conferences is looking for Marketing Officers and Sales and Marketing Managers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The surge in the rupee value and excess inflows were the main challenges to the Indian economy, said K V Kamath, managing director and chief executive officer, ICICI Bank. The capital flows into India were a combination of several factors such as strong corporate profitability and robust remittance flows, said Kamath.
A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state
'In India, the impact will be less than 1% of employee headcount.'
Today, the economy requires a certain amount of push not just from the monetary policy but also from its transmission: Das.
German premium carmaker BMW on Thursday rolled out its first '3 series' sedan from its plant near Chennai, with a price tag of Rs 26.7 lakh.
As far as your long-term plans are concerned, there is no need to effect any change. In fact, you should use the current sell off in the global and Indian markets as an opportunity and consider adding to your stocks investments.
Reflecting on this, I could come up with a couple of issues, one for the short term, and some others, which are more structural and longer-term in nature.