Category: Economy
Asian Development Bank Cuts India Growth Forecast To 5.1% For Fiscal Year 2019
The ADB mentioned liquidity strains on India’s non-banking finance companies and slow job growth Manila: The Asian Development Bank (ADB) said on Wednesday it has lowered its growth forecasts for…
Global Stocks Drop As Trump’s Latin American Tariffs Revive Trade Angst
SHANGHAI: Asian shares skidded on Tuesday after US President Donald Trump stunned markets with tariffs against Brazil and Argentina, recharging fears about global trade tensions, while weak US factory data…
Rupee Drops By 16 Paise To Hit 72 Mark Against Dollar
MUMBAI: The rupee opened on a cautious note and fell by 16 paise to 72 per US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis…
Hoteliers Expect Rise In Occupancy Post GST Rate Cut
The tax on room tariff of above Rs. 7,500 was lowered to 18 per cent from the existing 28 per cent. The GST or Goods and Services Tax Council on…
India Is Only Major Asian Nation That’s Growing Its Export Share
India’s exports to the US grew at the fastest pace in six years in the year ended March 2018 Highlights India’s share of world exports rose to 1.71% in first…
Centre Gives Nod To Amendments In Insolvency Law, Resolution Timeframe Increased
The Insolvency and Bankruptcy Code (IBC) has been amended twice so far In a significant move, the government on Wednesday cleared seven amendments to the insolvency law that seeks to…
PE/VC deals plunge 54% in May to $2.8 b
Deal making through the private equity/venture capital routes saw a sharp 54 percent dip in May at a low $2.8 billion due to fewer large deals, according a report. However,…
India’s per-capita income rises 10% to Rs 10,534 a month in FY19
Representative image The country’s per-capita income is estimated to have risen by 10 per cent to Rs 10,534 a month during the financial year ended March 2019, government data on…
FPIs press exit button, pull out Rs 3,207 crore in May so far
Reversing their three-month buying streak, foreign investors pulled out a net Rs 3,207 crore from the Indian capital markets in the first seven trading sessions of May amid the US-China…
Rising crude prices to roil CAD, rupee, inflation metrics
A possible increase in fuel prices due to the US sanctions on Iranian crude exports can have adverse impacts on the current account deficit (CAD), the rupee and inflation, warns…