Page 45 - India Economy

Cairn says it has won court order to freeze India state assets in Paris

Company says French development is 'necessary preparatory step' to take over Indian's state assets, calls for 'amicable settlement'.

Cairn Energy freezes 20 Indian state-owned properties in Paris: Reports

Scottish oil producer's action is its latest attempt to force India to pay $1.7bn awarded by an international tribunal over a tax dispute.

Covid undoes gains India made after supercharging economy 30 years ago

Many Indians who had clawed their way out of poverty face grim job prospects and carry heavy debt loads.

Massive overhaul

Cabinet reshuffle signals govt's willingness to improve performance

Diesel crosses Rs 100 in MP; Sikkim latest state to have petrol at Rs 100

Petrol has crossed Rs 100 a litre mark in Mumbai, Chennai, Bengaluru, Hyderabad and Pune.

Fiscal deficit at 8.2% in April-May as tax collection rises, lockdowns ease

Deficit was less 30 per cent less of last-year's level amid the nationwide lockdown to contain the coronavirus.

India's core sector output in May grows 16.8% year-on-year on low base

Steel, refinery products, cement, electricity, crude oil witnessed contraction due to restrictions imposed by various state governments

Large part of FM's stimulus package will work only in medium-term

The government and the central bank's credit measures appear to show India has gotten its priorities against a possible third wave of Covid-19.

Indian economy poised for recovery in FY22, says SBI Chairman

SBI Chairman Dinesh Kumar Khara has expressed hope that the country's economy would recover in the ongoing financial year

Bull run will last for 'very, very long time', says Rakesh Jhunjhunwala

Annual equity returns from Indian stocks will be about five percentage points, says ace investor.

As Covid made employee verification tough, 32% firms turned to tech: EY

Survey makes a case for tech-driven tailored approach, rather than one-size-fits-all process.

Recovery tracker: Workplace visits rise to April-end levels as curbs ease

Retail & recreation visits at nearly 60% of normal times

India's record foreign exchange pile may not be adequate: RBI paper

Foreign exchange reserves surged to $605 billion in the week to June 4 as the central bank mopped up dollars.

Govt okays proposal to roll out project to explore deep ocean for resources

The cost of the mission has been estimated at Rs 4,077 crore over a five-year period and will be implemented in phases

India should focus on exports, attracting best manufacturers: NITI Aayog

NITI Aayog CEO Amitabh Kant said that path to India's economic recovery post pandemic lies in attempting to focus on capturing the export markets, and push for consumer demand as the economy opens up.

In India's pandemic, the rich buy luxury cars and the poor lose their homes

Obsessed with keeping a lid on borrowing costs, the government is making things worse for the common man by its regressive consumption taxes.

Nomura ups India's 2022 GDP forecast to 7.7%; sees inflation at 5.3%

GDP, according to their estimates, is likely to contract by 4.3 per cent quarter-on-quarter (q-o-q) in Q2, much smaller than during the first wave (-24.7 per cent)

Print money and finance fiscal deficit? Why RBI doesn't agree with idea

The central bank has managed the government's borrowing programme well, helping in liquidity.

Analysts cut Bajaj Finance's FY22 earnings estimate as it warns of NPA hit

Bajaj Finance, in a mid-quarter update, indicated that its B2B and Auto Finance businesses were most affected due to strict lockdowns in majority of states

RBI Policy: Are central bank's inflation & GDP targets too 'optimistic'?

In this podcast, we assess Street's reaction to RBI policy, how achievable do RBI's growth and inflation targets look, can additional liquidity measures help to relieve stress in the Covid hit sectors