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Global debt refers to the borrowings of governments as well as private businesses and individuals. Photo: imf.org The story so far: Global debt rose to an all-time high of $307 trillion in the second quarter, by the end of June 2023, the Institute of International Finance (IIF) said in a report released last week. Quite…
Read More “What are the reasons for rise in global debt? | Explained” »
Ashok Leyland Managing Director and CEO Shenu Agarwal hopes that M&HCV segment to post 8-10% growth and about 5-6% in LCV segment this fiscal. | Photo Credit: Special Arrangement The all-rounded growth momentum in the commercial vehicles industry is expected to continue till next year due to Centre’s unprecedented focus on infrastructure development, said Ashok…
He said there is potential for currency appreciation after inclusion of Indian bonds in JP Morgan index New Delhi: Chief Economic Adviser V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JPMorgan’s benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee. He also…
A money lender counts Indian rupee currency notes at his shop in Ahmedabad. File | Photo Credit: REUTERS The rupee appreciated 19 paise to 82.94 (provisional) against the U.S. dollar on Friday, as the inclusion of India in the JPMorgan bond index boosted investor sentiment. Forex traders said the decision of JPMorgan Chase & Co…
Read More “Rupee rises 19 paise to close at 82.94 against U.S. dollar” »
Equity benchmark indices Sensex and Nifty stayed on the back foot for the fourth straight session on Friday as investors offloaded healthcare, consumer durable and commodity stocks amid a weak trend in global markets. Foreign fund outflows and heavy selling in HDFC Bank shares also hit investor sentiments, traders said. After oscillating nearly 500 points…
Read More “Sensex, Nifty extend losses into 4th session; HDFC shares weigh” »
Finance Ministry exuded confidence that the country will achieve 6.5% growth in FY24 on the back of improved corporate profitability, private capital formation and bank credit growth, notwithstanding the risks of rising crude oil prices and monsoon deficit. The Finance Ministry on September 22 exuded confidence that the country will achieve 6.5% growth in FY24…
Read More “Finance Ministry confident of 6.5% growth in FY24 despite symmetric risks” »
Rajeev Chandrasekhar, Minister of State for Skill Development and Entrepreneurship and Electronics and Information Technology. File photo. | Photo Credit: The Hindu The $2.75 billion semiconductor plant in Gujarat by the US-headquartered Micron Technology, Inc. will have its groundbreaking on Saturday, Minister of State for Electronics and Information Technology Rajeev Chandrasekhar told reporters on Friday….
Read More “Micron plant groundbreaking on September 23: MoS Chandrasekhar” »
India will have a maximum weight of 10 per cent on the index. Global investment bank JPMorgan Chase and Co. on Thursday announced that it would be adding India to its emerging market debt index with effect from June 28, 2024. While the much-anticipated decision is widely seen as a big positive for the Indian…
Read More “JPMorgan To Include India In Its Emerging Market Debt Index: What It Means” »
The logo of the Securities and Exchange Board of India is pictured on the premises of its headquarters in Mumbai, India. | Photo Credit: Reuters Securities and Exchange Board of India (SEBI) has levied penalties totalling ₹55 lakh on 11 entities for indulging in non-genuine trades in illiquid stock options segment on the Bombay Stock…
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After the touchdown by ISRO’s Chandrayaan-3 spacecraft near the moon’s South pole, three G-20 countries have expressed interest in possible collaborations or partnerships with India in the space sector. | Photo Credit: PTI An inter-ministerial discussion is going on to further liberalise foreign direct investment norms in the space sector to attract overseas players and…
Read More “Inter-ministerial discussion under way to ease FDI norms in space sector: Official” »