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.
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.
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.
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.
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.
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."
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.
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.
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.
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
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
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 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
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%
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
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
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.
Thu, Oct 21, 2021
Icra Rating chief economist Aditi Nayar said in a note on Thursday.
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.
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.
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
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.
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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