Indian economy

Nifty Hits Record High: Analyzing the Journey from 21000 to 22000 in 2024!

Mon, Jan 15, 2024

Nifty has crossed 22000 for the first time, How was the journey from 21000 to 22000? What are the targets of brokerages on NIFTY for 2024?

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India 360: India's economic growth rate increased by 7.6% in the second quarter. Zee Business

Sat, Dec 02, 2023

India GDP: भारत की आर्थिक विकास दर दूसरी तिमाही में 7.6% बढ़ी है, ऐसा इसलिए क्योंकि फेस्टिव सीजन के दौरान भारत में जबरदस्त कारोबार हुआ था.

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New life high created by India's strong growth story, FIIs also increased confidence. Anil Singhvi

Fri, Dec 01, 2023

New Life High created by India's strong growth story...Do not underestimate retail investors, FIIs also increased Confidence...When interest rates will come down, the rise will dazzle, remember, this rise will continue...21080 will come here only And it will come for sure...

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US Fed indicates more rate hikes this year; what this means for Indian rupee

Fri, Jun 16, 2017

US Federal Reserve has hiked its domestic rate for the third time in December posing threat to inflows from FPIs in India and thus opening case for depreciation bias in Indian rupee against dollar. 

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India's trade deficit widens to $ 13841.72 million in May

Thu, Jun 15, 2017

Taking merchandise and services together, overall trade deficit for the first two months of FY18 was at $ 27090.91 million compared to $11117.77 million during April-May 2016.   

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India's current account deficit at $ 3.4 billion in Q4FY17

Thu, Jun 15, 2017

RBI said India's CAD stood at $3.4 billion which was 0.6% of GDP in Q4FY17 higher from $0.3 billion in similar period of previous year. 

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GST will not hurt second quarter sales, retailers say

Thu, Jun 15, 2017

At the ReTech Conclave hosted by Retailers Association of India on Wednesday, where the retailers gathered anticipated little or no change in sales figures post GST implementation. Key Highlights

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BSE, NSE open higher on US Fed's interest rate action

Thu, Jun 15, 2017

 The key Indian equity market indices on Thursday opened higher after the US Federal Reserve raised its key interest rate. The Sensitive Index (Sensex) of the BSE, which had closed at 31,155.91 points on Wednesday, opened higher at 31,222.89 points.

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Rupee jumps 5 paise against dollar to 64.25

Thu, Jun 15, 2017

Extending its climb for the third day, the rupee appreciated by another 5 paise to 64.25 against the US dollar in early session today amid a higher opening of domestic equities.

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WPI data today: How low will May wholesale inflation go?

Wed, Jun 14, 2017

Wholesale price index or wholesale inflation numbers will be revealed for the month of May on June 14, Wednesday. Analysts expect wholesale inflation to drop. 

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India's May retail inflation reaches record low of 2.18%

Mon, Jun 12, 2017

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10.52 lakh bogus PAN cards cannot be termed minuscule number to harm economy, says Supreme Court

Sun, Jun 11, 2017

As many as 10.52 lakh "bogus" PAN cards of individual income tax assesses, which is around 0.4 % of the total such documents, cannot be termed a "minuscule" number to harm the country's economy, the Supreme Court has said.

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India needs to open markets to grow at 8-10%: Arvind Subramanian

Thu, Jun 08, 2017

Batting for India to have an open economy, Chief Economic Adviser Arvind Subramanian on Thursday said any reversal of the globalisation trend must be prevented in order to have a growth rate of 8-10 per cent.

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RBI's new rules may make India Inc shun masala bonds

Thu, Jun 08, 2017

 RBI has made some changes to rules pertaining to masala bonds that may make this fundraising route less attractive.   

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RBI says 83% currency remonetised but does it really matter?

Thu, Jun 08, 2017

The after-effects of demonetisation are still not over. RBI is yet to announce the total currency that found its way back to the banks between November 9 2016 and December 31, 2016. However, RBI said that currency to the tune of 82% of pre-demonetisation levels have been pumped in the economy.   

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India Inc disappointed as RBI keeps rates unchanged

Thu, Jun 08, 2017

Industry chamber Assocham said the Reserve Bank (RBI) has "disappointed India Inc" by not reducing the policy interest rates, specially when inflation remains quite benign.

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FDIs in India flat in 2016, but prospects bright: UNCTAD

Thu, Jun 08, 2017

The World Investment Report released by the UN agency in Geneva on Wednesday said that FDI rose by a paltry one % in 2016 to $44.486 billion from the $44.064 billion in 2015.

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Invest in housing mutual funds if you have high-risk appetite, say experts

Wed, Jun 07, 2017

HDFC Mutual Fund plans to launch a close-ended thematic equity scheme HDFC Housing Opportunities Fund.

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RBI's SLR cut may help bring down your EMIs

Wed, Jun 07, 2017

 Any reduction in SLR gives more room to bankers for trimming interest rates. This would mean, if you are borrower your EMIs may come down further. 

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Monetary Policy: RBI lowers inflation, GVA projection

Wed, Jun 07, 2017

Keeping the repo rate and reverse repo rate unchanged, the RBI revised its headline inflation downward to be in the range of 2-3.5% from the earlier 4.5% in the first half of the fiscal. The policy revised GVA estimates 10 basis points lower to 7.3%.

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RBI keeps interest rates unchanged but injects money via SLR cut

Wed, Jun 07, 2017

For the second half of the fiscal, the Reserve Bank of India sees inflation in the range of 2-3.5%. 

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RBI's monetary policy: 12 factors and 10 charts that you must know

Wed, Jun 07, 2017

RBI is set to present second monetary policy of FY18. Analysts expect a status quo in this policy too. However, rate cut or not, a total of 12 factors that the central bank will look into before making a decision.   

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Wipro chief Premji's salary drops 63% to $1,21,853 in FY17

Mon, Jun 05, 2017

Premji's package included USD 66,464 in salary and allowances and USD 41,742 (others) and USD 13,647 in long-term compensation (deferred benefit - company's contribution to the Provident Fund and Pension Fund), totalling to USD 121,853 for the year 2016-17, as per documents with the US SEC.

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