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The Bank expects growth to be propelled by “robust domestic consumption as consumer confidence improves, and by investment including large increases” in government capital expenditure. File. | Photo Credit: REUTERS The Asian Development Bank (ADB) on September 20 pared its growth forecast for India’s economy to 6.3% for this year, from 6.4% estimated earlier, citing the…
Read More “ADB moderates India GDP growth hopes this year to 6.3%” »
Falling for the second day running, the 30-share BSE Sensex tumbled 796 points or 1.18 per cent Mumbai: Benchmark indices Sensex and Nifty tumbled more than 1 per cent today due to selling in index heavyweights in tandem with weak global trends ahead of the US Federal Reserve’s interest rate decision. Falling for the second…
Read More “Sensex Tanks 796 Points, Nifty Below 20,000 On Selling In HDFC Bank, RIL” »
Mumbai: The Bombay High Court on Wednesday directed the Enforcement Directorate (ED) to file its affidavit in response to Jet Airways founder Naresh Goyal’s plea challenging his “illegal” arrest in a money laundering case linked to bank loan default. Goyal, in his plea, claimed his arrest was illegal as it was done without following provisions…
Read More “Court Orders Probe Agency To Reply To Naresh Goyal’s Plea Challenging Arrest” »
Akasa Air, founded by CEO Vinay Dube and former IndiGo president Aditya Ghosh in 2022, had in June placed an order for four Boeing 737 Max jets to further its plans to fly internationally by the end of the year. File | Photo Credit: PTI Indian budget carrier Akasa Air is flying less and will…
Read More “Akasa Air flying less after some pilots quit abruptly” »
File. | Photo Credit: C. Venkatachalapathy Staging an impressive rebound from its lifetime low levels, the rupee surged by 24 paise to end at 83.08 (provisional) against the U.S. dollar on September 20, aided by losses in global crude prices and a weak dollar ahead of the US Federal Reserve’s policy decision. Besides, possible intervention…
Read More “Rupee recovers from record lows, jumps 24 paise to end at 83.08 against U.S. dollar” »
File. | Photo Credit: Arunangsu Roy Chowdhury Benchmark indices Sensex and Nifty tumbled more than 1% on September 20 due to heavy selling in banking and oil stocks in tandem with weak global trends ahead of the US Federal Reserve’s interest rate decision. Falling for the second day running, the 30-share BSE Sensex tumbled 796…
Read More “Sensex, Nifty tank over 1% ahead of Fed interest rate decision; HDFC Bank, RIL drag” »
A policy brief argued for a rational trade policy to contain food inflation which takes into account both consumers and producers. | Photo Credit: TRAVELLINGLIGHT A policy brief issued by the Indian Council for Research on International Economic Relations said that the recent steps taken by the government to curb inflation, such as wheat and…
Read More “Export bans and stocking limits: are they working? | Data” »
Asia Healthcare Holdings is acquiring a majority stake in Asian Institute of Nephrology and Urology for ₹600 crore. | Photo Credit: Photo Courtesy: https://www.ahholdings.com Single specialty healthcare delivery platform Asia Healthcare Holdings (AHH) is acquiring a majority stake in Asian Institute of Nephrology and Urology (AINU) for ₹600 crore. The investment in AINU, which operates…
Rajeev Chandrasekhar. File | Photo Credit: The Hindu Entities may be given about a year to tune their systems to comply with norms of Digital Personal Data Protection Act, 2023, Minister of State for Electronics and IT Rajeev Chandrasekhar said on September 20. Speaking to reporters on the sidelines of consultation with the industry, Mr. Chandrasekhar said the Data…
The rupee strengthened by 6 paise to 83.26 against the U.S. dollar in early trade on September 20 on easing global crude oil prices and rising appetite for riskier assets. However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee’s rise, traders said. At the…
Read More “Rupee rises 6 paise against U.S. dollar in early trade” »
