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Market cap of BSE-listed companies touches $5 trillion

Market cap of BSE-listed companies touches $5 trillion

Tue, May 21, 2024

Last week, Sensex jumped about 2,000 points, on a cumulative basis. On Tuesday, i.e., today, Sensex closed a shy lower than its Friday closing at 73,953 points (0.07 per cent lower).

Current Account Deficit expected to reach year's high of 1.2 % of GDP in FY24 third quarter, predicts ratings agency

Current Account Deficit expected to reach year's high of 1.2 % of GDP in FY24 third quarter, predicts ratings agency

Tue, Mar 12, 2024

In 3QFY24, merchandise exports experienced a year-on-year growth of 1.1 per cent, driven by demand from key markets such as the US, the UAE, and the Netherlands.

GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore: NSO

GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore: NSO

Sun, Jan 07, 2024

Discrepancies in the statistical GDP data refer to the difference in national income under production method and expenditure method.

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Budget 2017: Government may announce incentives for gems & jewellery

Budget 2017: Government may announce incentives for gems & jewellery

Mon, Jan 23, 2017

The government is expected to announce steps like cut in the gold import duty and incentives to set up gems and jewellery parks in the next Budget 2017 to promote growth of the industry.

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.

RBI may go for 25 basis points rate cut on February 8, in April: BofA-ML

RBI may go for 25 basis points rate cut on February 8, in April: BofA-ML

Wed, Jan 18, 2017

The Reserve Bank of India (RBI) is expected to go in for a 25 basis points (bps) rate cut at its next monetary policy meet on February 8 -- as also in April -- says a Bank of America Merrill Lynch (BofA-ML) report.

China 2016 home prices surge most in 5 years, but moderating, easing bubble fears

China 2016 home prices surge most in 5 years, but moderating, easing bubble fears

Wed, Jan 18, 2017

Prices of new homes in China grew last year at the fastest rate since 2011, but moderated enough in December to calm fears of a speculative bubble bursting with disastrous economic consequences.

China to target around 6.5% economic growth in 2017: Sources

China to target around 6.5% economic growth in 2017: Sources

Mon, Jan 16, 2017

China will lower its 2017 economic growth target to around 6.5% from last year`s 6.5-7%, policy sources said, reinforcing a policy shift from supporting growth to pushing reforms to contain debt and housing risks.

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.

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.

Assocham calls for a Budget that revives economy post note-ban

Assocham calls for a Budget that revives economy post note-ban

Sun, Jan 15, 2017

Industry chamber Assocham on Sunday appealed to political parties to ensure that the Union Budget for fiscal 2017-18 to be presented to Parliament on February 1 aids the revival of economic sentiment at a time of depressed demand and investment.

RBI may cut repo rate by 25 basis points in February: HSBC report

RBI may cut repo rate by 25 basis points in February: HSBC report

Fri, Jan 13, 2017

With uncertanity over implementation of GST, rising crude oil prices and the challenging 4% CPI in medium term, Reserve Bank of India (RBI) may cut repo rate for the final time by a 25 basis points (bps) in the February policy, says a report.

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.

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.

Demonetisation will have adverse effect on GDP: Manmohan Singh

Demonetisation will have adverse effect on GDP: Manmohan Singh

Mon, Jan 09, 2017

Manmohan Singh has been highly critical of demonetisation decision and has predicted a 2% drop in the country's GDP due to it.

Expert Views: India forecasts GDP growth to slow to 7.1% in 2016-17

Expert Views: India forecasts GDP growth to slow to 7.1% in 2016-17

Fri, Jan 06, 2017

The Indian government said economic growth would slow down to 7.1 % in the fiscal year ending in March from 7.6 % a year earlier.

FM Jaitley to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML

FM Jaitley to target fiscal deficit of 3.5% of GDP in FY18: BofA-ML

Fri, Jan 06, 2017

India remained the fastest growing major economy with its GDP accelerating to 7.3% in the July-September quarter.

India's economy trumped Britain in 2016

India's economy trumped Britain in 2016

Mon, Jan 02, 2017

It is no mean achievement when Indian economy flexed its muscles in 2016 and briefly nosed ahead of Britain -- its once colonial master.

India's demonetisation drive drags down Nepal's economy

India's demonetisation drive drags down Nepal's economy

Thu, Dec 15, 2016

India`s scrapping of high-value bank notes last month has dragged down economic growth in neighbouring Nepal with trade, remittances and tourist numbers all down, BMI Research, a group company of the Fitch rating agency, said on Wednesday.

Current account deficit narrows to 0.6% of GDP in September quarter

Current account deficit narrows to 0.6% of GDP in September quarter

Tue, Dec 13, 2016

Non-resident Indian (NRI) deposits also witnessed a 50% decline to $2.1 billion from $4.2 billion in the same quarter of the previous fiscal.

Mark Mobius says demonetisation will have an impact on confidence

Mark Mobius says demonetisation will have an impact on confidence

Thu, Dec 08, 2016

He mentioned that it will take few months to recover from this event.

India's growth outlook strong despite China's slowdown, says Fitch

India's growth outlook strong despite China's slowdown, says Fitch

Tue, Dec 06, 2016

India's weighted growth likely to be 5.2% in 2017.

India's economic growth will remain at 7.6% in 2017: UN Report

India's economic growth will remain at 7.6% in 2017: UN Report

Fri, Dec 02, 2016

Initially, growth will be driven by a rebound in agriculture due to normal monsoon rain.

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