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Sensex fell 720 points and closed at 79,223!

Sensex fell 720 points and closed at 79,223!

Fri, Jan 03, 2025

Profit booking came in the market on the last day of the week, Nifty fell by 183 points to 24,004 while Sensex fell by 720 points and closed at 79,223, know the movement of today's market.

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Nirmala Sitharaman: Economy to Improve in Coming Quarters

Wed, Dec 18, 2024

Nirmala Sitharaman, India's Finance Minister, states that the economy will improve in the upcoming quarters despite a temporary dip in Q2 growth. In this video, we discuss her comments on India's economic outlook and what it means for future growth.

India to continue resilient growth in 2025, RBI may do modest interest rate easing: S&P

India to continue resilient growth in 2025, RBI may do modest interest rate easing: S&P

Tue, Dec 10, 2024

S&P Global Ratings on Tuesday said the Indian economy is set for "resilient growth" in 2025 and projected inflation pressure to recede which will lead to "modest" easing of the monetary policy by the RBI.

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Rating agencies several notches behind India's reality: Das

Rating agencies several notches behind India's reality: Das

Sun, Feb 05, 2017

Taking a dig at global rating agencies for failing to upgrade India's sovereign rating despite significant improvement in macroeconomic parameters, Economic Affairs Secretary Shaktikanta Das has said the agencies are several steps behind from reality and are missing out on something which only they can best explain.

India's gold demand fell sharply by 21% to 676 ton in 2016

India's gold demand fell sharply by 21% to 676 ton in 2016

Fri, Feb 03, 2017

Gold demand in India witnessed a significant decline of 21 % in 2016 at 675.5 tonne, mainly due to challenges like jewellers strike, PAN card requirement and demonetisation move, says World Gold Council. The gold demand for 2015 stood at 857.2 tonne, the WGC data revealed.

Here are key highlights of Economic Survey 2016-17

Here are key highlights of Economic Survey 2016-17

Tue, Jan 31, 2017

India's Economic Survey 2016-17 has projected the country's economy to recover back to normal to six-and three-fourth percent to seven-and-half percent for 2017-18.

Indian economy is not in good shape is obvious, says former prime minister & Congress leader Manmohan Singh

Indian economy is not in good shape is obvious, says former prime minister & Congress leader Manmohan Singh

Mon, Jan 30, 2017

Former prime minister and Congress leader Manmohan Singh on Monday released a document stating that the Indian economy is not in good shape.

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

India's GDP likely to be 6.8% in 2016-17, RBI to maintain status quo on Feb 8: Ficci survey

Mon, Jan 30, 2017

Ficci in its latest survey has projected India's economy to grow 6.8% for the year 2016-17.

India's IT, Auto, Pharma sectors may face brunt of Trump's border tax

India's IT, Auto, Pharma sectors may face brunt of Trump's border tax

Mon, Jan 30, 2017

If Border Tax Adjustment (BTA) brought into effect, there are some Indian sectors like IT services, Textiles, Healthcare and Auto that will be impacted as they might face higher competition from domestic US companies and see rise in cost of their products.

Trumponomics, cash ban take Foreign Portfolio Invt outflow to Rs 5,600 crore in Jan

Trumponomics, cash ban take Foreign Portfolio Invt outflow to Rs 5,600 crore in Jan

Sun, Jan 29, 2017

Foreign investors have pulled out a little over Rs 5,600 crore from the Indian capital market so far this month, concerned about "lower prospects" of economic growth compared with other emerging markets.

India rules out lowering sugar import tax in near term, says government source

India rules out lowering sugar import tax in near term, says government source

Thu, Jan 19, 2017

Indian government is unlikely to lower import duty on sugar due to decline in its production on account of cane shortage.

Protectionist trade policies under Trump may have lesser impact on India: Mark Mobius

Protectionist trade policies under Trump may have lesser impact on India: Mark Mobius

Thu, Jan 19, 2017

Investment Guru Mark Mobius of Franklin Templeton believes that US President Elect Donald Trump's protectionist trade policies are a great cause of concern for emerging markets. He, however, said that such policies may have a lesser impact on rather closed economies like India.

India's GDP growth to drop, but rebound likely in second half of 2017: Nomura

India's GDP growth to drop, but rebound likely in second half of 2017: Nomura

Wed, Jan 18, 2017

India's growth numbers are likely to slide in the next two quarters, but a sharp rebound is expected in the second half (H2) of 2017 as the demonetisation impact will be transitory and not long lasting, says a Nomura report.

India's current account deficit likely to be 1.3% of GDP in 2017: Nomura

India's current account deficit likely to be 1.3% of GDP in 2017: Nomura

Mon, Jan 16, 2017

India's current account deficit (CAD) is expected to be around 1.3% of GDP in 2017 as against a deficit of 0.8% in 2016, says a report.

Indian consumers most optimistic in Asia Pacific: Mastercard

Indian consumers most optimistic in Asia Pacific: Mastercard

Mon, Jan 16, 2017

Notwithstanding demonetisation, Indian consumers are the most optimistic in the Asia Pacific region and their outlook on economy and stock market showed highest levels of confidence, says a report.

Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Limited room to reduce fiscal deficit to 3% in FY18: Moody's

Mon, Jan 16, 2017

The government is likely to achieve its fiscal deficit target of 3.5% of GDP in the current fiscal but higher infrastructure spending will limit the room to reduce it further to 3% in 2017-18, Moody's said on Monday.

India's fuel consumption to hit 200 million tonnes in 2016-17: Oil Ministry

India's fuel consumption to hit 200 million tonnes in 2016-17: Oil Ministry

Mon, Jan 16, 2017

India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.

India's November 2016 IIP rises 5.7% against estimates of 1.5%

India's November 2016 IIP rises 5.7% against estimates of 1.5%

Thu, Jan 12, 2017

Index of Industrial Production (IIP), or factory output for the month of November 2016 rose 5.7% against analyst estimates of 1.5%. IIP for the month of October stood 178, a drop of 1.8% as compared to October, 2015.

India to see lower GDP growth for two quarters on cash crunch: HSBC

India to see lower GDP growth for two quarters on cash crunch: HSBC

Thu, Jan 12, 2017

India's GDP growth numbers are expected to see a decline of 2% in the third and fourth quarters of the current fiscal, as effective currency in circulation has contracted significantly, says an HSBC report.

Demonetisation impact: World Bank drops India's growth rate to 7%

Demonetisation impact: World Bank drops India's growth rate to 7%

Wed, Jan 11, 2017

Infrastructure spending should improve the business climate and attract investment in the near-term.

Reforms in India to boost medium term growth: Moody's

Reforms in India to boost medium term growth: Moody's

Tue, Jan 10, 2017

In a statement, Moody`s Investors Service said the capacity of governments to implement measures and the effectiveness of policies in achieving the respective governments` objectives would shape the sovereigns` credit profiles over the coming year.

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Citi lowers India's GDP growth forecast to 6.8% for 2016-17

Mon, Jan 09, 2017

Global brokerage Citigroup has lowered India's growth forecast to 6.8% for this fiscal from 7.2% earlier, as cash crunch has affected pick-up in consumption while uncertainty around demonetisation may further delay any recovery in private investments.

HSBC pegs India's GDP growth at 6.3% in 2016-17 on note ban pains

HSBC pegs India's GDP growth at 6.3% in 2016-17 on note ban pains

Mon, Jan 09, 2017

Foreign brokerage HSBC on Monday projected sharply lower growth numbers for the year at 6.3%, way lower than the official CSO estimate of 7.1% for 2016-17.

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