Fitch Ratings on Thursday raised India’s GDP growth forecast for the current fiscal to 7.4 per cent, from 6.9 per cent, on increased consumer spending and improved sentiment boosted by GST reforms. Photograph: Anushree Fadnavis/Reuters It said falling inflation gives
In this domestic and global context, calibrated depreciation will help rebalance external fundamentals, offset some of the tariff differentials with competitors, improve the competitiveness of domestic substitutes vis-à-vis Chinese imports, points out Sajjid Z Chinoy. Illustration: Dominic Xavier/Rediff Last week’s
The rupee breached the 90-a-dollar level for the first time to settle at a fresh all-time low of 90.15 on Wednesday, down 19 paise from its previous close, amid sustained foreign fund outflows and higher crude oil prices. Uncertainty over
Stock market benchmark indices Sensex and Nifty ended lower in a largely range-bound trade on Wednesday amid persistent foreign fund outflows and profit-taking by investors. Photograph: Francis Mascarenhas/Reuters Falling for the fourth day in a row, the 30-share BSE Sensex
Recent years have been turbulent for the insurance industry due to direct and indirect tax reforms, regulatory overhaul and other external pressures. Illustration: Uttam Ghosh The events cumulatively slowed growth rate to single digits from the high teens seen earlier.
White collar hiring in November has surged by 23 per cent, mainly led by non-IT sectors such as education, real estate, hospitality and travel, and insurance, says a report. Illustration: Dominic Xavier/Rediff October had registered a 9 per cent year-on-year
Russian President Vladimir Putin’s visit to India this week aims to secure energy supplies, stabilise defence deliveries and ensure bilateral trade continues smoothly despite strong Western sanctions, GTRI said on Tuesday. Image used for representation purpose only. Photograph: Kim Kyung-Hoon/Reuters
Stock markets declined on Tuesday, with the benchmark Sensex tumbling nearly 504 points due to selling in blue-chip bank stocks and Reliance Industries, and persistent foreign fund outflows. Photograph: Shailesh Andrade/Reuters Falling for the third straight session, the 30-share BSE
A deepening payment paralysis in Telangana’s liquor industry is beginning to choke manufacturing units and strain supplies, employment, and the broader investment landscape, industry bodies have warned, as unpaid dues accumulate to levels they describe as “unprecedented” and “severe”. Image
Foreign direct investment (FDI) in India rose 18 per cent to $35.18 billion during April-September this fiscal year, while the inflow from the US more than doubled to $6.62 billion during the first half of this fiscal, according to government
