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Mcap of four of top 10 most-valued firms rises by Rs 65,671 crore

Mcap of four of top 10 most-valued firms rises by Rs 65,671 crore

Sun, Nov 26, 2023

The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.

India's space economy set to reach USD 40 billion by 2040: Union Minister Jitendra Singh

India's space economy set to reach USD 40 billion by 2040: Union Minister Jitendra Singh

Sun, Nov 26, 2023

The Minister of State for Science and Technology & Atomic Energy and Space (Independent Charge) said that some foreign agencies like the AKD have predicted that this figure could even go up to USD 100 billion by 2040.

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Germany's economy shrank, and it's facing a spending crisis that's spreading more gloom

Sat, Nov 25, 2023

Germany's economy shrank in recent months and business confidence is still in the dumps, according to figures, while the government is struggling to overcome a budget crisis that threatens to exacerbate problems in what was already the world's worst-performing major developed economy.

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Infra, Agri, textile, sugar, EV among other themes Anil Singhvi is bullish in 2022; know three shares analyst picks for bumper returns

Infra, Agri, textile, sugar, EV among other themes Anil Singhvi is bullish in 2022; know three shares analyst picks for bumper returns

Mon, Jan 03, 2022

In an Editor’s Take segment, Zee Business Managing Editor Anil Singhvi on the first functional day of 2022, explains that the money could be made this year too provided investors have to play as per themes and events scheduled in this year.

Fiscal deficit touches 46.2% of annual target till November-end

Fiscal deficit touches 46.2% of annual target till November-end

Fri, Dec 31, 2021

The deficit figures in the current financial year till November appear much better than the previous financial year when it had soared to 135.1 per cent of the estimates mainly on account of a jump in expenditure to deal with the COVID-19 pandemic.

GST Council Meet: We retained the status quo on textile, says FM Nirmala Sitharaman

GST Council Meet: We retained the status quo on textile, says FM Nirmala Sitharaman

Fri, Dec 31, 2021

FM Nirmala Sitharaman said: "We retained the status quo on textile and decides to defer the hike in GST on textiles from 5 per cent to 12 per cent."

Outlook 2022: Road sector set for 'better' days with more highway stretches, new projects

Outlook 2022: Road sector set for 'better' days with more highway stretches, new projects

Thu, Dec 30, 2021

Weathering the pandemic-induced twists and turns, the sector will see more stretches of national highways, completion as well as awarding of multiple projects and fund raises in 2022, making it a "better" year than the passing one.

RBI sees Omicron threat to growth; says corporate sector displays resilience, bank credit growth shows signs of recovery

RBI sees Omicron threat to growth; says corporate sector displays resilience, bank credit growth shows signs of recovery

Thu, Dec 30, 2021

In a report released on Wednesday, RBI Governor Shaktikanta Das mentioned that even ahead of Omicron, global growth and trade had begun to lose pace, stalled by formidable headwinds from supply disruptions and bottlenecks, logistics dysfunctions, shipping charges and port congestions as well as shortage in key intermediates and personnel.

World economy to top $100 trillion in 2022 for first time: report

World economy to top $100 trillion in 2022 for first time: report

Sun, Dec 26, 2021

British consultancy Cebr predicted China will become the world`s top economy in dollar terms in 2030, two years later than forecast in last year`s World Economic League Table report.

Economists see rate tightening from next review on inflation woes

Economists see rate tightening from next review on inflation woes

Wed, Dec 08, 2021

Economists and analysts have pencilled in liquidity tightening from the February policy by a reverse repo hike and a likely repo rate hike in March/April as they believe inflation pressures to surprise on the upsides and have termed as "unexpected" the more-than-expected dovish policy stance to support growth

Expect reverse repo rate hike in February 2022 MPC, see calibrated policy normalisation unless Omicron plays spoilsport: Analysts

Expect reverse repo rate hike in February 2022 MPC, see calibrated policy normalisation unless Omicron plays spoilsport: Analysts

Wed, Dec 08, 2021

Even as the Reserve Bank of India (RBI) kept key policy rates unchanged on Wednesday, analyst see the Central Bank hiking the reverse repo rate from February 2022. The hike is seen at 20-25 bps. The reverse repo rate – rate at which RBI borrows money from commercial banks – stands at 3.35 per cent

Double-digit growth likely this year; fiscal deficit target to be met, says CEA

Double-digit growth likely this year; fiscal deficit target to be met, says CEA

Tue, Nov 30, 2021

Chief Economic Adviser (CEA) K V Subramanian on Tuesday exuded confidence that India would achieve double-digit growth in the current financial year on the back of policy initiatives and continuing reforms

India’s Q2FY22 GDP: 8.4% YoY growth reported - Key things to know

India’s Q2FY22 GDP: 8.4% YoY growth reported - Key things to know

Tue, Nov 30, 2021

India reported an 8.4 per cent growth in its Gros Domestic Product (GDP) for July-September 2021 quarter which is estimated at Rs 35.73 lakh crore at Constant (2011-12) versus 32.97 lakh crore during the corresponding period in FY21 according to a data released by the NSO on Tuesday

India's Q2FY22 GDP growth likely at 7.8-9.6% YoY on demand improvement, service sector rebound, vaccination: Reports

India's Q2FY22 GDP growth likely at 7.8-9.6% YoY on demand improvement, service sector rebound, vaccination: Reports

Tue, Nov 30, 2021

While Barclays forecasts the GDP expansion at 9.6% YoY in Q3CY21 (July-September or Q2 of fiscal year 2021-22) aided by a strong rebound in service sector, HDFC Bank estimated the July-September GDP growth at 7.8% y-o-y. SBI forecasts GDP growth for Q2 FY22 to be around 8.1%

Low interest rate, rising vaccination rate, higher public spending drive positive outlook for Indian corporates: Moody's

Low interest rate, rising vaccination rate, higher public spending drive positive outlook for Indian corporates: Moody's

Thu, Nov 25, 2021

In a report, Moody's said credit fundamentals are favorable for India's companies on a sustained economic recovery and earnings of rated companies' will rise on strong consumer demand and high commodity prices

Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Indian GDP to grow 7.8% in Q2, 9.4% in FY22: HDFC Bank Report

Wed, Nov 24, 2021

Real GDP will grow 9.4 per cent in FY22 and decelerate to 7.5 per cent for FY23 as the base effects result in the higher growth in the ongoing fiscal wear-off, according to the report by economists at HDFC Bank released on Wednesday

Economy expected to grow by 10pc or more in current fiscal: Niti Aayog Vice Chairman Rajiv Kumar

Economy expected to grow by 10pc or more in current fiscal: Niti Aayog Vice Chairman Rajiv Kumar

Tue, Nov 02, 2021

Indian economy is expected to grow by 10 per cent or more in the current fiscal, and 8 per cent plus in the next fiscal year, Niti Aayog Vice-Chairman Rajiv Kumar said on Tuesday.

Economy finally looks nearly out of the pandemic woods; Icra sees Q2 GDP at 7.7 pc

Economy finally looks nearly out of the pandemic woods; Icra sees Q2 GDP at 7.7 pc

Thu, Oct 21, 2021

Icra Rating chief economist Aditi Nayar said in a note on Thursday.

India economy poised to attain double-digit growth in FY22: PHDCCI

India economy poised to attain double-digit growth in FY22: PHDCCI

Mon, Oct 11, 2021

In its June policy review, the central bank had lowered the country's growth projection for the current financial year to 9.5 per cent from 10.5 per cent estimated earlier.

₹ 4,445 crore will be invested on textile park scheme

₹ 4,445 crore will be invested on textile park scheme

Wed, Oct 06, 2021

With an aim to create world-class infrastructure with plug-and-play facilities that enable major investments in exports, the Cabinet on October 6 approved seven new mega textile parks.

Moody's affirms India's sovereign rating, upgrades outlook to 'stable' from 'negative'

Moody's affirms India's sovereign rating, upgrades outlook to 'stable' from 'negative'

Tue, Oct 05, 2021

Ratings agency Moody's on Tuesday affirmed India's sovereign rating and upgraded the country's outlook to 'stable' from 'negative', citing receding downside risks to the economy and financial system. The sovereign rating by Moody's stands at 'Baa3' -- which is the lowest investment grade, just a notch above junk status

NOTIFICATION by CBDT! Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

NOTIFICATION by CBDT! Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

Tue, Sep 14, 2021

The government has decided to exempt investors picking up state's equity shares under strategic disinvestment programme from the provisions of gift tax.

11 States meet the target for capital expenditure in Q1FY22; get permission to mobilise additional Rs 15,721 cr

11 States meet the target for capital expenditure in Q1FY22; get permission to mobilise additional Rs 15,721 cr

Tue, Sep 14, 2021

As an incentive, these States have been granted permission by the Department of Expenditure to borrow an additional amount of Rs 15,721 cr. The additional open market borrowing permission granted is equivalent to 0.25 per cent of their Gross State Domestic Product (GSDP)

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