Ratings agency ICRA expects India's growth rate to further slowdown to 4.7 per cent in Q2 FY2020, due to weak industrial output. Accordingly, the ratings agency expects a further deterioration in the growth rate of India's GDP and the gross value added (GVA) at basic prices in year-on-...
The nation's economic slump is not only worrying investors but also the RSS, the ideological mentor of the ruling BJP. The concern is primarily rural spending that has contracted and it wants the Narendra Modi government to spend more on rural sectors in the months to come. As a consequence, ...
Sony Corp is said to be in talks to buy stake in Reliance Industries (RIL) promoted Network18 Media and Investments Ltd. According to a Bloomberg report, the Japanese major is in talks to acquire a stake in the Indian television network controlled by Mukesh Ambani, in a bid to...
US Federal Reserve officials agreed during their two-day meeting in October that future rate cuts are unlikely as long as the economy stays on track, according to the minutes of the Fed's latest monetary policy meeting. "Most participants judged that the stance of policy, after a 25 basis point ...
Markets traded near-record levels on Thursday after opening in the green. The Sensex was up 38 points at 40,690.46 from its previous close of 40,651.64 while the Nifty traded higher by 5 points at 12,004.45. Telecom stocks fell on Thursday after strong performance over the last few ...
US President Donald Trump who visited Apple's Austin-based Mac Pro plant has said the government is "looking at" whether Apple should be exempt from China tariffs. "When you build in the United States, you don't have to worry about tariffs," he said, accompanied by CEO Tim Cook as he toured the Mac Pro computer ...
Pushing the pedal on its disinvestment programme, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved strategic disinvestment in five large public sector undertakings (PSU) -- BPCL, CONCOR, SCI, THDC and NEEPCO -- along with change in management control in these companies....
Global credit conditions in 2020 will weaken as a result of growing risks of an economic downturn, trade policy uncertainty and the effects of an unpredictable political and geo-political environment, Moody's Investors Service said on Tuesday. Although Moody's does not expect a recession in 2020, recession risks are building,...
India could have more foreign banks soon as in the case of other Asian countries like China, Singapore and Hong Kong with 15 overseas banks have been in touch with the Central Bank, to open branches in the country. As per RBI Data, already 46 foreign banks are operating in India including two...
With NewSpace India Ltd bagging the contract for the launch of 13 nano satellites from the US, the question that begs an answer - is it going to be curtains for Antrix Corporation Ltd? On Monday, the Indian Space Research Organisation (ISRO) announced the launch ...
