Fitch Ratings said with GDP growth of 6.5% and WPI-based inflation of 8.8%, India may have entered into a stagflation period in 2011-12.
Petrol and diesel prices on Tuesday touched fresh highs as rupee dipped to a record low of 71.54 against US dollar, making imports costlier
Mahela Jayawardene is still short of experience to take over as head coach of the Sri Lanka national team after the exit of Graham Ford, Sri Lanka Cricket (SLC) president Thilanga Sumathipala said.
S&P Global Ratings has forecast India's economy to shrink by 5 per cent in the current fiscal. It, however, has projected GDP growth to be 8.5 per cent in 2021-22 and 6.5 per cent in 2022-23.
'J'One of the reasons Jim Comey was fired was because he wouldn't pledge loyalty to Trump, which meant that whatever Trump is hiding would be dismissed or the investigations will be stopped.'
'Speechless with the tragic news of the passing of my great mate and beloved cricketing man'
India's finance minister Pranab Mukherjee is all set to become the next President of the country.
Pakistan has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations.
This year has been the year of the no travel, which has left millions reminiscing on adventure-filled trips abroad. To celebrate the wonder of world travel, thousands of photography enthusiasts entered Agora #Travel2020, sharing the moments they feel captured the true essence of exploration. Octavi Royo, Agora's co-founder and CEO, said: "Thanks to these photos, we can travel to some amazing corners of our planet and see them from the point of view of travel photographers." Scroll down to see our pick of the shortlisted images...
Responding to what is widely felt by the political establishment in Europe to be the "destabilising" role played by credit ratings agencies in the ongoing euro zone crisis, the European Commission unveiled measures to curb their power.
Bank stability is an ever-more pressing concern for the world's corporations and investors says Global Finance, while announcing the half-yearly update of its ranking of the world's 50 safest banks.
A statement issued by the Interior Ministry also said the crackdown on Jaish 'has been taken in line with the decision of the NSC meeting'.
The announcement by Standard & Poor's (S&P) on Wednesday to cut its outlook for India from stable to negative should cause no surprise, even though it comes barely five days after a similar exercise by Moody's, which had retained its outlook on India as stable.
Method will be part of this year's Economic Survey; will help investors in relative comparison.
Besides Shastri, Rahul Dravid has been appointed as the team's overseas batting consultant and Zaheer Khan as the bowling coach by the three-man CAC team.
Government asks banks to furnish capital, ratings and NPA details.
The banks were selected through a comparison of the long-term credit ratings and total assets of the region's largest banks. Ratings from Moody's, Standard & Poor's and Fitch Ratings were used.
Global Finance announced its 20th Annual Ranking of the World's 50 safest banks.
Ravi Shastri formally applies for India head coach job.
The overall breadth was extremely positive as 1,714 stocks advanced while 1,008 stocks declined
The Board of Control for Cricke in India decided to invite more applications for the post of Indian team's coach to give Cricket Advisory Committee (CAC) a wide range of options to pick a suitable candidate.
All the banks mentioned here have balance sheet size greater than Rs 50,000 crore (Rs 500 billion).
132 Tests. 271 ODIs. 619 Test wickets. 337 ODI wickets.
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
The growth in the PV segment was primarily led by car market leader, Maruti Suzuki India, which saw its dispatches to dealers grow 4.4 per cent YoY to 144,277 units after 10 months of drop. It was driven by new launches, such as the S-Presso, a mini sport UV.
Former Australia fast bowler Craig McDermott has applied for the post of India head coach, which will become vacant after the ongoing Champions Trophy campaign.
However, the Indian economy is expected to bounce back in 2021, the World Bank said.
An Indian-origin former analyst has been accused of providing confidential company information in the Raj Rajaratnam-led insider trading scheme, has been fined $34 million for his role in the scheme.
Get Ahead reader Daya Kudari lists out the highs and lows of Nokia Lumia 800. According to him this Nokia-Microsoft effort is a more than decent affair.
'The Indian economy is in slowdown and growth may stay slow,' notes Devangshu Datta.
Stating that COVID-19 has not yet been contained in India, the rating agency in a statement said the government stimulus package is low relative to countries with similar economic impacts from the pandemic. "The COVID-19 outbreak in India and two months of lockdown -- longer in some areas -- have led to a sudden stop in the economy. That means growth will contract sharply this fiscal year (April 2020 to March 2021)," it said. "Economic activity will face ongoing disruption over the next year as the country transitions to a post-COVID-19 world."
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.
During a short halt at Tabriz airport in Iran on his way back home, Mukherjee gave Vrishti Beniwali a brief account of the summit, euro zone crisis and what it meant for India.
The market breadth in BSE ended extremely firm with 2,137 shares advancing and 671 shares declining.
List of French Open women's singles champions
Last year, the capital infusion budget was Rs 20,157 crore.
The reason for both the officials being sent on leave is the same - an anonymous complaint received by the market regulator against the agency.
Seeking to downplay the impact of the downgrade by Moody's, the country's largest lender SBI on Wednesday admitted that the action will marginally increase medium term borrowing costs, and said it is a "reminder" to the government to urgently capitalise it.
