Warning that the new year will be riskier than the previous two in terms of growth, inflation and the perils of monetary policy normalisation on consumption demand in particular, along with other external risks, a Wall Street brokerage has pencilled in an 8.2 per cent GDP growth next fiscal, with more downside risks to the projection. The biggest risk to the projection is a derailed consumption demand that has been the main growth driver in the past many years, said the Bank of America Securities India house economists who still believe that consumption demand will remain the key driver of growth next fiscal as well.
The S&P BSE Sensex gained 120 points to close at 25,774.
Companies like Amazon Prime Video are also temporarily lowering bit rates -- a measure of how much data is being transferred -- to ease pressure on telecom network infrastructure.
While Mukesh Ambani-led RIL posted a 108 per cent YoY rise in profit after tax for Q4FY21 at Rs 13,227 crore, it fell short of Bloomberg estimate of Rs 13,704 crore.
To strengthen corporate governance practices and disclosure requirements, Sebi on Thursday decided that top-1,000 listed firms should formulate a dividend distribution policy.
Every option before the finance minister comes with a price tag, observes T N Ninan.
Issue of workload management may not arise due to 3-week gap, says KKR CEO
Senior New Zealand batsman Ross Taylor said India has set the bar really high and considering their bench strength, it will be an extremely tough battle for his team during the upcoming ICC World Test Championship final, in Southampton from June 18.
How the Congress vice president conducts himself over the next few months will determine whether or not he has understood his serendipitous situation
Sebi may allow mutual funds to make use of covered calls as part of their equity strategy.
HSBC has cut Reliance Industries to 'underweight' from a 'neutral' rating.
All banks are eligible for privatisation. A committee of secretaries will decide which banks will be privatised, says Financial Services Secretary Debasish Panda.
'From India to Indiana, there has always been a sense of hope, optimism, and goodness.'
'Everywhere our younger computer professionals are in the forefront, defending our national interest in every forum and keeping our flag flying high.'
Earlier in the day, Pichai announced Google would work with the Indian Railways
A bonus is given to existing stockholders in proportion to the number of shares they already hold.
'Betrayed by Ronaldo'
Both the indices closed at five-month highs, led by financial services, IT and metal stocks, amid persistent foreign fund inflows.
'Perhaps GST was too complex a system for the Indian economy at its present stage of development,' argues T N Ninan.
Market participants must appreciate that staying cautious is a virtue for central bankers and should not expect a sudden reversal in the formal monetary policy stance.
Govt may tighten presumptive taxation norms and also do away with some deductions.
Former ICC President Ehsan Mani has criticised the Pakistan Cricket Board for agreeing to tour India for a short One-day series later this month.
the three investors that have submitted their final bids are not commercial banks. Among the three, one is a non-banking financial company. Another distinctive feature of the revival is that PMC may lose its cooperative bank characteristic after its reconstruction.
Trai is planning to map the quality of service of all telcos.
India's GDP may turn positive at 1.3 per cent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday. Projecting that the gross domestic product (GDP) may have returned to the black in the last quarter of the calendar year 2020, DBS Bank in the report said the full-year growth in real terms may be at a negative 6.8 per cent.
India lost around 38.5 thousand hectares of tropical forest in the last decade. Nearly 14 per cent of the country's tree cover! It is one thing for Modi to announce that India will reach a net-zero level of emissions in 2070. But if it is serious, it needs to start today, points out Ramesh Menon.
With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
New head of the Confederation of Indian Industry speaks.
IMAGES from Day 8 of the French Open at Roland Garros on Sunday.
The airline industry, one of the major contributors of CO2 emissions, has been doing its bit for a better world environment by investing in research on alternative energy sources.
For the sake of transparency, and to reduce undesirable bond market volatility, clarity on these would be welcome, preferably before the budgets for the next fiscal year get finalised, says Neelkanth Mishra.
Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report.
The agreement would divert China's attention and keep them busy in the Pacific theatre, probably resulting in a reduction in threat perception in our area of interest in the Indian Ocean, notes Commodore Venugopal Menon (retd).
Reliance announced energy asset sales worth around $ 16 billion; end of the investment cycle in telecom; bringing net-debt to zero in 18 months; value-unlocking options for real estate and financial assets; listing of telecom and retail in five years; and focus on dividends.
The recent three-bank merger seems to be grossly negative for Vijaya Bank and Bank of Baroda in the short term, as the negative net worth of Dena Bank will have to be absorbed by the merged entity
The investment bank adds that company's September-quarter earnings came in line with consensus estimates.
However, RBI would continue to nudge banks to cut lending rates
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
In an interaction with ANI, New Zealand Sports Minister Robertson said that the final decision is for the ICC to take, and currently, the country is preparing to host the Women's World Cup in 2021.
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