S&P Global Ratings on Monday retained India's GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations. The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience. "We see [...]
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Equity benchmark indices bounced back from intra-day lows to settle in the positive territory on Thursday helped by fag-end buying. In a volatile trade amid the monthly derivaives expiry, the 30-share BSE Sensex climbed 98.84 points or 0.16 per cent to settle at 61,872.62. During the day, it hit a high of 61,934.01 and a [...]
S&P Global Ratings on Thursday said Indian banking sector profitability will stabilise at a healthy level, and asset quality will continue to improve. "Indian banks' earnings will likely remain healthy. The sector has improved substantially in the past seven years, from a period when many public-sector lenders were grappling with bad loans," S&P Global Ratings [...]
Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows. The 30-share BSE Sensex fell 75.1 points to 61,698.68 in early [...]
The government is working to bring down logistics cost to 9 per cent of GDP in the next three years from the current 14-16 per cent, Union Minister Nitin Gadkari said on Wednesday. Speaking at an event organised by industry chamber CII, the Road, Transport and Highways Minister further said India's exports will increase when [...]
Seven of the ten Adani Group stocks ended the day in the negative territory, with Adani Enterprises falling nearly 6 per cent, after rallying for the past three days as a Supreme Court-appointed panel found no evidence of stock price manipulation in the group companies. Adani Enterprises stock tumbled 5.90 per cent on the BSE. [...]
Benchmark stock indices closed lower on Wednesday, snapping their three-day gaining streak following profit-taking in financials, metal and oil shares amid a bearish trend in the global markets. The 30-share BSE Sensex fell 208.01 points or 0.34 per cent to settle at 61,773.78 in volatile trade. The index opened lower but bounced back in late-morning [...]
Reserve Bank Governor Shaktikanta Das on Wednesday said inflation has moderated, and the next print is expected to be lower than 4.7 per cent though there is no room for complacency and the war on inflation will continue. Retail inflation fell to an 18-month low of 4.7 per cent in April, mainly due to cooling [...]
Reserve Bank Governor Shaktikanta Das on Wednesday said the decision to tweak policy rates was not in his hand as he himself is driven by the situation on the ground. In April, the Reserve Bank in a surprise move hit the pause button and decided to keep the key benchmark policy rate at 6.5 per [...]
