INDIAN ECONOMY
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The prices that Japanese companies charge each other for services rose 0.9 per cent in September from a year earlier, marking a seventh straight month of gains, central bank data showed on Tuesday.
The increase in the services producer price index was just below a 1.0% gain marked in August, the data showe...
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Saudi Arabia, advised by the world's largest fund manager BlackRock, has launched a national infrastructure fund to support up to 200 billion riyals ($53.32 billion) in projects over the next decade, state news agency SPA said on Monday.
The National Infrastructure Fund will invest in areas such as water, ...
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The government will soon set up a committee to frame India's first National Employment Policy with an aim to significantly push up employment generation in the country.
Work has begun to identify the members of the committee that is expected to have representatives from stakeholder ministries, academia, ex...
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Aiming to support the economic recovery, Finance Minister Nirmala Sitharaman on Monday reviewed the progress of capital expenditure by the civil aviation ministry and the telecom department and asked them to ensure that project implementation is fast-tracked. The minister exhorted officials to oversee impleme...
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The economy is likely to register a 9.5 per cent growth this fiscal over 7.3 per cent contraction last year, as the ongoing recovery is faster and more credible than earlier foreseen, according to a foreign brokerage report.
It will gather more momentum in the second half of the current fiscal, but will slow...
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Reserve Bank Governor Shaktikanta Das on Monday said that accurate and analytical audit reports are essential for financial stability and growth as they instil confidence among members of the public.
In case of the public sector, auditing is a cornerstone of good governance, he said while addressing office...
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Hiring activities in the country are rising in the current quarter, reflecting improvement in the job market and signs of resilience, according to a report. The surge in hiring activities in the October-December quarter compared to the year-ago period is being led by the engineering and manufacturing as well ...
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Global commodity prices, especially crude oil, natural gas and coal, have become a sore point for the markets and India Inc that is still grappling with the likely impact it will have on their bottom-line over the next few quarters. Consumers, on their part, are dealing rising fuel costs which is also fueling...
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Finance minister Nirmala Sitharaman on Monday nudged the department of telecom to expedite digital expansion plans in the north-eastern region and asked the ministry of civil aviation to raise its capital spending target substantially in the next fiscal.
Sitharaman reviewed the progress of the Centre’s bud...
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Non-food credit growth was stuck at 6.53% year on year (YoY) during the fortnight ended October 8, lower than 6.75% in the previous fortnight, despite the onset of the festive season.
Loans worth Rs 109.51 lakh crore were outstanding at the end of the fortnight under review — the highest ever. Deposits gre...
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India's GDP growth appears poised for a sequential rebound in Q3, but industrial production could contract sequentially in September and October due to chip and coal shortages, global financial services NSE 1.07 % group Nomura has said.
Its separately released weekly tracker, the Nomura India Business Resu...
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MARKET & FINANCE
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It's IPOs ahoy for domestic stock markets as India is poised to emerge as one of the top initial public offer (IPO) destinations in terms of proceeds, a report by consultancy firm Ernst & Young (EY) showed.
With investors largely displaying a bullish sentiment, companies mopped up a whopping $9.7 billion th...
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Cryptocurrency isn’t just a Millennial or Generation-Z fad anymore as more institutions have started adopting this new-age asset class. But now the question is how to pay taxes on these transactions.
The Indian government is planning to compartmentalise virtual currencies and their tax treatment on the ba...
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The Reserve Bank of India’s decision to allow foreign portfolio investors (FPIs) to invest in debt securities issued by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) is expected to provide much-needed patient capital and liquidity to the new asset class.
Finance minist...
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GLOBAL CORPORATE
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A financial industry group warned on Monday that Hong Kong's zero-COVID policy and strict quarantine requirements for international travellers threatens to undermine the city's status as a financial hub.
The Asia Securities Industry and Financial Markets Association (ASIFMA) said a survey of members, inclu...
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Hertz announced Monday an order to buy 100,000 autos from Tesla by the end of 2022 in the latest embrace of electric car technology by the auto industry.
The car rental giant, which emerged from a bankruptcy reorganization earlier this year, said the electric vehicles (EV) would be available "in US major m...
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Banking
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The government may not allocate funds towards bank capitalisation in the FY23 budget, a first in a decade. This comes as all state-run banks have turned profitable and the newly set up bad bank is expected to help free up capital for lenders.
In FY22 budget, the government had set aside Rs 20,000 crore for...
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GLOBAL ECONOMY
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| Trade Report |
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| Switerzland |
July 2019 |
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German business morale deteriorated for the fourth month running in October as supply bottlenecks in manufacturing, a spike in energy prices and rising COVID-19 infections are slowing the pace of recovery in Europe's largest econo...
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South Korea’s economy grew at a slower-than-expected pace in the third quarter, as subdued private consumption and weak construction and facility investment offset robust exports.
Gross domestic product (GDP) grew a seasonally...
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China will "strengthen adjustments" in tax collection to boost revenue and reform the country's income distribution, but in a targeted and accurate way, as part of efforts to achieve long-term "common prosperity", state-run Xinhua...
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Developed nations are set to be three years late meeting a pledge to commit a total of $500 billion to help poorer countries tackle climate change and realize this has damaged mutual trust, Alok Sharma, the president of the upcomi...
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INDIAN CORPORATE
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The Sanjiv Goenka-led RP-SG Group and PE firm CVC Capital won the two Indian Premier League franchises on offer with record bids, taking the number of teams to 10 for the next season. The RP-SG Group bid Rs 7,090 crore and will o...
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Tata Power on Monday said it now has a network of more than 1,000 electric vehicle (EV) charging stations across the country. This network of 1,000 public charging stations provides innovative and seamless EV charging experiences...
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Starbucks aims to hasten its India expansion with smaller stores and drive-through outlets, the CEO of its local partner said on Monday, signalling the American coffee chain's bullish plans as the COVID-19 slowdown abates in the c...
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India’s plan to privatise Bharat Petroleum Corp. has run into rough weather with bidders struggling to find partners and spread their financial risks, according to people familiar with the matter.
The three suitors -- the Vedan...
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Competition Commission of India (CCI) on Monday approved acquisition of Parexel International Corporation by Phoenix Parentco Inc. Headquartered in the US, Paraxel provides biopharmaceutical outsourcing services to biopharmaceutic...
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The government on Monday signed a share purchase agreement with Tata Sons for sale of national carrier Air India for Rs 18,000 crore.
Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the hol...
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Three foreign institutional investors--Vanguard, Quant Mutual Fund and Norges--have bought collectively acquired 2.64 per cent in telecom gear makers HFCL Ltd.
While Vanguard bought 1.86 per cent through four entities--Vanguard...
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Tech Mahindra, a top-5 IT services provider, reported a strong set of numbers in the second quarter of FY22, as growth was driven by adoption of 5G, cloud and digital transformation.
The company reported net profit at Rs 1,339 ...
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Several large Indian companies exploring outbound investments have put their plans on hold following a global tax deal over concerns of additional taxes and compliance challenges related to the new framework adopted by the world's...
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The quarter gone by has been a challenging one for the FMCG sector largely because of input and cost pressures. What has been your experience at Tata Consumer because we are going through a patch of inflation which we have never s...
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