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https://www.moneycontrol.com/news/business/economy/covid-19-pandemic-us-consumer-spending-tumble-in-april-5334861.html | US consumer spending dropped by a record in April as the COVID-19 pandemic undercut demand, buttressing expectations that the economy could contract in the second quarter at its steepest pace since the Great Depression.
The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds o... | consumer spending plunges 13.6 percent in April. that was the biggest drop since the government started tracking series in 1959. consumer spending accounts for more than two-thirds of economic activity. economists polled by Reuters had forecast consumer spending plummeting 12.6 percent. a spokesman for the u.s. governm... | Negative |
https://www.businesstoday.in/top-story/state-run-banks-need-urgent-capital-of-rs-1-trillion-due-to-weak-market-valuations-crisil/story/288921.html | State-run lenders require an urgent Rs 1.2 trillion in the capital in the next five months and government will have to take a bulk of the tab due to the weak market valuations of these NPA-saddled banks, says report.
This is a little more than double the budgeted Rs 53,000-crore of capital infusion for the current fis... | government will have to take a bulk of the tab due to weak market valuations, report says. this is more than double the budgeted Rs 53,000-crore of capital infusion for current fiscal year. government has already used up over 95 per cent of the deficit target or the market borrowings. report comes as the government is ... | Negative |
https://www.financialexpress.com/economy/covid-19-apparel-exporters-body-pitches-for-amnesty-scheme-for-non-fulfilment-of-export-obligations/1902593/ | Apparel exporters on Wednesday urged the government to bring an amnesty scheme in case there is non-fulfilment of export obligations as traders are facing issues in terms of raw material supply on account of the coronavirus outbreak.
Under some export promotion schemes like Advance Authorisation and Export Promotion C... | exporters are facing issues in terms of raw material supply on account of the coronavirus outbreak. some export promotion schemes allow import of machines and raw materials used to make exportable products at zero duty but with an export obligation. a letter to commerce and industry minister Piyush goyal said apparel t... | Negative |
https://www.moneycontrol.com/news/business/markets/asias-mood-tested-by-trumps-tariff-threats-3221631.html | Asian shares battled to extend a global rebound on Tuesday after US President Donald Trump seemed to quash hopes of a trade truce with China, dampening risk appetite across the region.
Japan's Nikkei managed to edge up 0.4 percent, but MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat.
E-Min... | the dollar loses some ground on the safe haven yen, while the dollar drops a shade. the dollar loses some ground on the safe haven yen, while the euro edges up a shade. the rally comes after the u.s. president said he expects to raise tariffs on $200 billion in china. the u.s. dollar loses some ground on the safe haven... | Negative |
https://www.financialexpress.com/industry/six-psus-now-fallen-angels-after-indias-sovereign-rating-downgrade-covid-19-took-toll-says-moodys/1985892/ | After India’s sovereign credit rating fell to lowest investment grade ‘Baa3’ early in June, six Indian public-sector undertakings (PSUs) have also taken a hit with them now becoming potential “fallen angels”. These six companies in the non-financial sector viz — Indian Oil Corporation, Hindustan Petroleum Corporation, ... | six Indian public-sector undertakings have taken a hit with them now becoming potential "fallen angels" the Asian list of potential "fallen angels" has reached an all time high of 21 in early June. the 21 Asian companies, which now risk becoming fallen angels, have over $12.3 billion of outstanding bonds maturing in 20... | Negative |
https://www.moneycontrol.com/news/business/markets/wall-street-falls-on-powells-grim-outlook-5263621.html | Wall Street's main indexes fell on Wednesday after Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes due to the coronavirus pandemic.
It will take some time for the U.S. economy to get back to where it was, Powell said in a webcast, and called for more fiscal stimu... | main indexes fall after jerome p. o'connell warns of slowing growth. o'connell: "this is not just going to be a V-shaped recovery" obama: "we're going to have to wait until the end of the year" a top health expert warns of a second wave of COVID-19 infections. | Negative |
https://www.financialexpress.com/money/real-estate-revival-holds-key-to-building-a-stronger-economy/1935475/ | It was largely expected. With a view to curb the spread of Covid-19, the 21-day lockdown which was imposed earlier across the country has been extended by another 19 days albeit with partial relief given after 20th April in some parts or regions of the country. The biggest pandemic faced by mankind in over a century, w... | the 21-day lockdown which was imposed earlier across the country has been extended by another 19 days. partial relief given after 20th April in some parts or regions of the country. the biggest pandemic faced by mankind in over a century has impacted one and all. with restriction on the movement of people as well as go... | Negative |
https://www.moneycontrol.com/news/india/listen-to-ex-pm-manmohan-singhs-advice-on-economy-shiv-sena-tells-centre-4406091.html | BJP's ally Shiv Sena has backed former Prime Minister Manmohan Singh, who recently said that the Indian economy is in a bad shape due to "mismanagement" by the Narendra Modi-government, and said that listening to him is in the "national interest."
Sena's support for Manmohan Singh, a noted economist, came after the Ce... | BJP's ally Shiv Sena backs former pm manmohan Singh. the former pm recently said the economy is in a bad shape due to "mismanagement" the government rebuffed Singh's criticism on Tuesday, saying it does not subscribe to his analysis. the BJP has a close ally with a former prime minister. | Negative |
https://www.moneycontrol.com/news/business/markets/fiis-turn-net-sellers-in-indian-markets-but-it-is-not-because-of-budget-4885251.html | Foreign institutional investors (FIIs) have turned net sellers, pulling out more than Rs 2,000 crore in from Indian markets in the past four days. The move was not on account of the Budget but on global growth concerns, say experts,
Finance Minister Nirmala Sitharaman will table the Budget on February 1. The Nifty has... | foreign institutional investors (FIIs) have turned net sellers, pulling out more than Rs 2,000 crore in from Indian markets in the past four days. the move was not on account of the Budget but on global growth concerns, say experts. the Nifty has slipped more than 1 percent, so far, in January, and about 3 percent from... | Negative |
https://economictimes.indiatimes.com/news/economy/policy/can-cci-be-more-agile-like-its-eu-and-us-counterparts-in-disposing-of-cases/articleshow/72201833.cms | Three meetings, two hotels, one city. These were crucial to an eight-month-long investigation by the Competition Commission of India CCI ) in 2010 and 2011 to expose a cartel in India’s cement industry, which resulted in a penalty of Rs 6,317 crore, the regulator’s highest in a single case to date.The CCI has since car... | competition commission of india investigated a cement cartel in 2010 and 2011. regulator's highest in a single case to date was Rs 6,317 crore. of its total fines, the CCI has collected a mere Rs 55 crore, or 0.4%. of its total fines, the CCI has collected a mere Rs 13,523 crore. | Negative |
https://economictimes.indiatimes.com/industry/telecom/telecom-news/jio-to-become-indias-no-1-telecom-operator-by-2021-bernstein-report/articleshow/67027316.cms | Agencies
Kolkata: Reliance Jio Infocomm is poised to race ahead of Vodafone Idea and Bharti Airtel to emerge as India’s No. 1 telco by revenue share and customers by 2021 and 2022, respectively, brokerage Sanford C Bernstein said.The Mukesh Ambani-led telco, it said, would relentlessly continue to subsidise its popula... | mukesh ambani-led telco will continue to subsidise its popular 4G VoLTE feature phone, called JioPhone, till these twin goals are realised. the two older carriers will look forward to a time when Jio would start monetising its (customer) base through higher pricing. big incumbent carriers were hurt, while fringe player... | Negative |
https://www.businesstoday.in/sectors/energy/decline-in-global-gas-prices-credit-positive-for-indian-consumers-icra/story/408523.html | The plunge in global gas prices is credit positive for the domestic consumers in the medium-term because it will compel industrial and commercial consumers to convert from alternate fuels, ICRA said in its latest report.
Asian spot prices of liquefied natural gas (LNG) have declined to about $2 per million British the... | ICRA says the fall in global gas prices is credit positive for domestic consumers. spot prices of liquefied natural gas (LNG) have declined to about $2 per million British thermal units. the report added that the COVID-19 pandemic is expected to drag the world GDP into 3% contraction. the report also said that crude oi... | Negative |
https://www.moneycontrol.com/news/world/us-expected-to-report-slowest-job-growth-in-six-months-6188611.html | U.S. employers likely hired the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession.
The Labor Department's closely watched employment report on Friday will onl... | nonfarm payrolls likely increased by 469,000 jobs last month. that would be the smallest gain since the jobs recovery started in may. the united states is in the midst of a fresh wave of COVID-19 infections. a lack of more government relief money could result in the economy contracting. a spokesman for the labor depart... | Negative |
https://www.moneycontrol.com/news/business/markets/how-to-make-the-most-of-muhurat-trading-4577391.html | Rahul Jain
The Indian economy, despite all its inherent potential, is going through one of its leanest patches recently. Renowned global agencies like the International Monetary Fund (IMF) and the Asian Development Bank (ADB) have slashed the country’s growth forecast in their publications. Today, the signs of an econ... | the economic slowdown is taking the center-stage, resulting in most investments turning red. Muhurat trading is an auspicious slot on the day ‘Lakshmi Pujan’ on Diwali when markets open for an hour in the evening. trading done during that particular period is believed to bring good luck, wealth and prosperity. this yea... | Negative |
https://www.financialexpress.com/brandwagon/coronavirus-impact-how-broadcasters-are-dealing-with-content-shortfall/1918376/ | The television broadcast industry is taking a few creative liberties to deal with the lack of fresh content in the wake of the coronavirus outbreak. While some broadcasters are developing theme-based edits of existing content, and bringing back iconic shows, others are resorting to reruns of popular shows, and testing ... | television broadcasters are taking creative liberties to deal with the lack of fresh content in the wake of the coronavirus outbreak. some are developing theme-based edits of existing content, while others are resorting to reruns of popular shows. the 21-day national lockdown has imposed a longer moratorium on the indu... | Negative |
https://www.moneycontrol.com/news/trends/coronavirus-pandemic-need-smart-upgrade-one-size-fits-all-lockdown-has-brought-untold-misery-rahul-gandhi-5143641.html | Hours before Prime Minister Narendra Modi announced the extension of the nationwide lockdown till May 3 to curb the spread of the novel coronavirus, Congress leader Rahul Gandhi had taken to Twitter to dub it as the “one-size-fits-all” lockdown.
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Seeking a “smart upgrade” to... | the one-size-fits-all lockdown has brought untold misery & suffering to millions of farmers. a vaccine works by mimicking a natural infection. a vaccine also helps quickly build herd immunity to put an end to the pandemic. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infectio... | Negative |
http://www.financialexpress.com/market/shares-of-pnb-icici-bank-axis-bank-ultratech-cement-rpg-life-sciences-rcom-indian-hotels-in-focus-today-7-march-2018-bse-nse/1089852/ | Indian stock markets are likely to open lower on Wednesday, 7 March 2018 following the declines in the US stock futures in the late session as the top economic advisor to President Donald Trump, Gary Cohen resigned from the post. The early indicator of NSE Nifty, SGX Nifty Futures was trading little changed, down 0.12%... | early indicator of NSE Nifty, SGX Nifty Futures was trading little changed, down 0.12% at 10,220 on Singapore Exchange on Wednesday. ICICI Bank and Axis Bank have been summoned in regard to the Rs 12,700 crore fraud at the bank. meanwhile, axis bank has revealed that it has Rs 200-crore exposure to companies promoted b... | Negative |
https://www.financialexpress.com/economy/q4-gdp-growth-estimate-no-consensus-among-economists-forecasters-govt-to-release-data-tomorrow/1973556/ | Eyes are glued on the Q4 economic growth data, as it includes the figures for one week of lockdown, which has the potential to drag the overall growth figure down.The government is set to release GDP growth figures for the fiscal fourth quarter Jan-Mar tomorrow; however, economists’ and rating agencies’ forecasts show ... | the government is set to release GDP growth figures for the fiscal fourth quarter Jan-Mar tomorrow. while ICRA estimates the Q4 GDP growth at 1.9 per cent, CRISIL estimates it at 0.5 per cent. a Reuters poll of economists has forecast India’s fourth quarter GDP growth at 2.1 per cent. the impact of the coronavirus pand... | Negative |
https://www.moneycontrol.com/news/india/covid-19-to-test-several-established-legal-precedents-in-the-months-ahead-5225311.html | By Jayant Bhatt
For the past few months, we have been staring into the face of a grave danger, to the economy, society, as well as to the human race. What repercussions will ensue, none can fathom. None of us has witnessed a situation like the present one, where flights are grounded, ships remain docked at ports, cars... | a pandemic like this is a grave danger to the economy, society and human race. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by building herd immunity to put an end to the pandemic. | Negative |
https://www.moneycontrol.com/news/business/markets/market-live-nifty-hovers-around-10250-midcaps-outshine-tata-motors-extends-gains-2541989.html | Moneycontrol News
3:30 pm Market Closing: Benchmark indices closed sharply lower after gains seen in previous two consecutive sessions, weighed by US-China trade war concerns.
The 30-share BSE Sensex was down 351.56 points or 1.05 percent at 33,019.07 and the 50-share NSE Nifty fell 116.60 points or 1.14 percent to 1... | 30-share BSE Sensex was down 351.56 points or 1.05 percent at 33,019.07. the 50-share NSE Nifty fell 116.60 points or 1.14 percent to 10,128.40. about 1,427 shares declined against 1,183 advancing shares on the BSE. ICICI has received approval for private railway siding served by Mandhar Station. | Negative |
https://www.moneycontrol.com/news/world/shelved-aramco-ipo-hits-at-heart-of-saudi-princes-reforms-2877821.html | Saudi Arabia's decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to finance reforms to strengthen the economy, bankers and investors say.
The initial public offering (IPO) of 5 percent of state-owned oil gia... | the initial public offering (IPO) of 5 percent of state-owned oil giant Saudi Aramco was billed as the biggest share sale ever. the decision to shelve the IPO raises doubts about the management of the process and the broader reform agenda. both the international and domestic legs of the IPO have been postponed indefini... | Negative |
https://www.businesstoday.in/markets/stocks/sensex-nifty-open-lower-auto-consumer-durables-lead-losses/story/314618.html | The Sensex and Nifty opened lower in trade today led by losses in auto and consumer durables stocks. While the Sensex fell 100 points to 35,555 with 16 components in the red, Nifty was down 20 points to 10,640. Sun Pharma (1.17%), Bajaj Finance (0.74%) and ICICI Bank (1.08%) were the top Sensex gainers.
Top Sensex los... | Sensex and Nifty opened lower in trade today led by losses in auto and consumer durables stocks. top Sensex gainers were sunpharma (1.17%), Bajaj Finance (0.74%) and ICICI Bank (1.08%) top Sensex losers were HUL (0.90%), PowerGrid (0.85%) and HDFC Bank (0.82%). | Negative |
https://www.financialexpress.com/opinion/economics-vs-covid-19-the-question-of-how-to-get-cash-to-the-intended-recipients-is-not-as-straightforward/1916638/ | With the coronavirus devastating one economy after another, the economics profession—and thus the analytical underpinnings for sound policymaking and crisis management—is having to play catch-up. Of particular concern now are the economics of viral contagion, of fear, and of “circuit breakers”. The more that economic t... | aaron carroll: economics is playing catch-up with coronavirus, which is ravaging economy. he says government and central banks are pursuing measures to mitigate global downturn. he says we need to be prepared for a sudden stop in consumption and devastation. carroll: we need to be prepared for a pandemic economy, a cri... | Negative |
https://www.financialexpress.com/industry/warren-buffett-2020-agm-berkshire-hathaway-q1-2020-results-sold-stake-in-four-airlines-shut-retail-businesses-railroad-insurance/1946619/ | The March-quarter operating earnings for Warren Buffett’s Berkshire Hathaway, which reported a 6 per cent increase to $5.87 billion, “have little meaning for forecasting the next year,” Buffet said at the company’s annual shareholders meeting on Saturday. Hathaway reported $49.7 billion loss in the first quarter of 202... | the company reported a 6% increase to $5.87 billion in the first quarter of 2020 amid the outbreak. "our operating earnings will be considerably less than if the virus hadn't come along," said Buffett. the company's three biggest ventures including the BNFS railroad, insurance, and the energy business have been in a "r... | Negative |
https://www.financialexpress.com/industry/free-messages-beyond-100-sms-a-day-jio-airtel-voda-idea-allowed-to-not-charge-money-even-after-limit/1985602/ | Indian telecom regulator TRAI has relieved companies of charging users with minimum 50 paisa for text messages after they cross the limit of 100 SMS a day owing to the situation arising out of the coronavirus pandemic. Under a certain clause, telecom companies were required to charge a minimum of 50 paisa per SMS above... | telecom companies were required to charge a minimum of 50 paisa per SMS above the limit of 100 SMS per SIM per day. this was to avoid commercial bulk texts arising out of the coronavirus pandemic. after the removal of this clause, companies now have a free hand in deciding the charges for such bulk messages. the news m... | Negative |
https://www.moneycontrol.com/news/business/markets/indian-rupee-sinks-30-paise-on-us-rate-hike-worries-crude-spike-2874621.html | Representative Image
The rupee today sank 30 paise to close below the 70-mark against the US currency due to renewed worries about a hike in US interest rates amid global trade war jitters.
The domestic currency ended at 70.11 per dollar, a loss of 30 paise or 0.43 per cent over the previous close. In day trade, the ... | rupee closes below 70.11 per dollar, a loss of 30 paise or 0.43 per cent over the previous close. rupee suffered its biggest single-day drop in past one week. a fresh wave of global risk-aversion trade revived fears of a full-blown trade war. the rupee is expected to be the most volatile currency in the world. | Negative |
https://www.financialexpress.com/market/sensex-nifty-look-to-open-with-losses-on-monday-key-factors-to-set-tone-for-equity-markets-today/2029138/ | Domestic equity market benchmarks BSE Sensex and Nifty 50 are expected to open weak following their Asian peers. On Friday Sensex soared 548 points or 1.50 points to end at 37,020, while the broader Nifty 50 index settled just above 10,900, gaining 162 points or 1.51 per cent. Headline indices, Sensex and Nifty ended t... | Sensex and Nifty 50 are expected to open weak following their Asian peers. broader Nifty 50 index settled just above 10,900, gaining 162 points or 1.51 per cent. Sensex and Nifty ended the week with a gain of 1.16 per cent and 1.24 per cent, respectively. a total of 40 companies are scheduled to report their results to... | Negative |
http://www.moneycontrol.com/news/business/markets/more-than-ltcg-dividend-tax-on-mf-pe-compression-hit-market-mood-nifty-seen-at-10450-2498289.html | Budget 2018 dampened market sentiment with bears tightening their grip on Dalal Street. Frontline indices fell more than 1.5 percent Friday and the broader markets crashed over 4 percent while on the sectoral front, Nifty Bank lost more than 500 points.
Major worry in market is the correction in midcaps that started e... | frontline indices fall more than 1.5 percent on friday. broader markets crash over 4 percent on the frontline. LTCG tax reintroduced in the budget. a hike in interest rates and compression of price earnings also hit sentiment. a soaring interest rate on mutual funds also hurt sentiment. a soaring interest rate on share... | Negative |
https://economictimes.indiatimes.com/markets/forex/rupee-plunges-70-paise-as-covid-19-concerns-weigh/articleshow/74898572.cms | Mumbai: The Indian rupee tumbled by 70 paise to close at 75.59 against the US dollar on Monday as concerns around coronavirus impact on the economy continued to hurt sentiment globally. Forex traders said heavy selling in domestic equities dragged the local unit amid mounting fears of a coronavirus-led economic slowdow... | rupee closes at 75.59 against the dollar, down 70 paise from its previous close. rupee has been under pressure on back of selling by FIIs in equity and debt segment. number of COVID-19 cases climbed to 1,071 in india on monday. death toll from the new coronavirus has touched nearly 35,000. | Negative |
http://www.financialexpress.com/industry/banking-finance/sbi-sees-bad-loan-provisions-as-biggest-challenge/1027307/ | State Bank of India, the nation’s largest lender, sees provisioning for soured debt as the biggest challenge for the South Asian nation’s banking system even as credit growth is reviving from a three-decade low.
“Whatever process we resort to for the resolution of non-performing assets there will be a gap in the provi... | the nation's largest lender sees provisioning for soured debt as the biggest challenge for the south Asian nation's banking system. chairman Rajnish Kumar is at the forefront of helping clean up the worst soured-debt ratio among the world's biggest economies. overdue loans have dragged economic growth to the lowest sin... | Negative |
https://economictimes.indiatimes.com/wealth/personal-finance-news/how-sensex-us-dollar-10-year-g-sec-performed-during-week-ending-may-21-2020/articleshow/75912877.cms | This weekly tracker keeps you updated on the benchmark stock index, bond yields , forex movements and CPI-Combined.It also tracks the changes in the past one year to give investors an idea how their investments performed over a longer period.Markets remained volatile due to Covid-19 fears and heavy selling in banking a... | weekly tracker keeps you updated on the benchmark stock index, bond yields, forex movements and CPI-Combined. markets remained volatile due to Covid-19 fears and heavy selling in banking and NBFC stocks. rupee weakened due to the strengthening US dollar, rising crude oil prices, and extension of national lockdown. the ... | Negative |
https://economictimes.indiatimes.com/markets/commodities/news/gold-prices-today-slip-on-profit-booking/articleshow/76334011.cms | Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price
Rs/ 10 grms (AHMEDABAD) Gold Future Price
Rs/ 10 grms Expiry: 05-Dec-2023 24-11-2023 61229 61295 15-11-2023 60029 60120 14-11-2023 60029 60066 13-11-2023 60029 59835 12-11-2023 60029 59775 01-11-2023 0 60742 31-10-2023 61018 61237 30-10-2023 61027 6... | gold futures were down 0.72 per cent or Rs 342 at Rs 47,072 per 10 grams. silver futures dropped 1.55 per cent or Rs 752 to Rs 47,887 per kg. globally, gold prices held steady on Friday as downward pressure from a stronger dollar countered rising safe-haven demand. gloomy economic projections and renewed fears over a s... | Negative |
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/covid-19-pandemic-drags-demand-for-office-space-down-by-30-per-cent-in-q1-2020/articleshow/75063674.cms | BENGALURU: Net absorption of office spaces in India in Q1 2020 witnessed a decline of 30% from the peak observed in Q1 2019 due to the on going health crisis globally. The last such drop was seen in Q1 2017, post demonetisation.Office absorption in Q1 2020 was backed by strong pre-commitment levels in new completions d... | net absorption of office spaces in india in Q1 2020 witnessed a decline of 30% from the peak observed in Q1 2019. the last such drop was seen in Q1 2017, post demonetisation. the impact of the COVID-19 pandemic became more apparent in march as most businesses defer their real estate decisions. the three larger markets ... | Negative |
https://www.moneycontrol.com/news/business/markets/franklin-templeton-fund-closure-an-eye-opener-for-rbi-umesh-mehta-5185841.html | Franklin Templeton’s fund closure is an eye-opener for the RBI that its liquidity efforts are either insufficient or are not effective in de-freezing the liquidity crisis, Umesh Mehta, Head of Research, Samco Securities, says in an interview to Moneycontrol’s Kshitij Anand.
Edited excerpts:
Q) Franklin Templeton has ... | Franklin Templeton has shut down six credit risk strategy debt funds. a volatile week for india but the Nifty managed to hold on to 9,000. a government-backed treasury fund is expected to be able to close in a few days. a government-backed treasury fund is expected to close in a few days. | Negative |
https://economictimes.indiatimes.com/news/company/corporate-trends/covid-effect-tatas-plan-layoffs-to-cut-fixed-costs/articleshow/76618717.cms | (This story originally appeared in on Jun 25, 2020)
Empower Your Corporate Journey with Strategic Skill Courses Offering College Course Website IIM Lucknow IIML Chief Executive Officer Programme Visit Northwestern University Kellogg Marketing Leadership Development Program Visit Indian School of Business ISB Chief Tec... | the conglomerate has already made moves to cut contract workers engaged in manufacturing and other functions at its various facilities. the $113-billion conglomerate employs over 7.2 lakh people in india and outside the country. the group's real estate unit may also retrench employees even as it battles mismanagement a... | Negative |
https://economictimes.indiatimes.com/markets/forex/rupee-goes-below-66-for-first-time-since-march-2017/articleshow/63840379.cms | NEW DELHI: The rupee was a bundle of nerves at the open on Friday as it sank 24 paise to a 13-month low of 66.06 against the dollar, hit by rising crude prices and fiscal deficit worries.It breached the 66 level for the first time since March 14, 2017.The domestic currency on Thursday ended at 65.82. It has emerged as ... | rupee falls 24 paise to 13-month low of 66.06 against the dollar. rupee has emerged as the worst performer among major Asian and emerging market currencies. rupee has fallen a staggering 60 paise in its recent bearish spell. rupee has been weighed down by concerns that tightening of monetary policy will hurt the econom... | Negative |
https://www.businesstoday.in/current/world/coronavirus-in-us-covid-19-confirmed-cases-reach-half-a-million-22000-dead/story/400826.html | Americans spent a glum Easter Sunday largely confined to their homes by the still-raging coronavirus pandemic as the U.S. death toll neared 22,000, with more than half a million confirmed cases nationwide.
With 42 states imposing strict stay-at-home orders most churches were shuttered, although many erected crosses ou... | more than half a million confirmed cases of coronavirus in the u.s. have been confirmed. the death toll from the pandemic is 22,000. the death toll has risen to 22,000. the president mulled when the country might see a return to normality. a u.s. official says the death toll is "significant" | Negative |
https://www.financialexpress.com/economy/coronavirus-pandemic-impact-exports-collapse-by-35-in-march-more-pains-in-sight/1929678/ | Merchandise exports crashed by almost 35% year-on-year in March to $21.4 billion, the sharpest monthly decline in at least three decades since liberalisation, and imports plunged by 28.7%, as the COVID-19 outbreak and a consequent lockdown since March 24 wrought havoc on external trade. Trade deficit narrowed to a 13-m... | exports fell by almost 35% year-on-year in march to $21.4 billion. imports plunged by 28.7% as COVID-19 outbreak wrought havoc on trade. trade deficit narrowed to a 13-month low of $9.75 billion in march. exporters warn of steeper decline in both outbound and inbound shipments. | Negative |
https://www.moneycontrol.com/news/business/with-an-eye-on-faltering-rupee-rbi-expected-to-raise-rates-next-week-2987481.html | The Reserve Bank of India is likely to raise interest rates in early October, despite relatively tame inflation, to prop up a retreating rupee, according to a Reuters poll of economists who also trimmed their near-term growth forecasts.
In an abrupt change from the last survey conducted two months ago, which predicted... | two-thirds of economists polled say RBI will raise rates in early October. rupee has tumbled nearly 15 percent since start of year. rupee is worst-performing major Asian currency. RBI is forecast to expand by an annual rate of more than 7 percent every quarter. but economists have cut forecasts somewhat for coming quar... | Negative |
https://www.moneycontrol.com/news/business/coronavirus-the-pandemic-will-permanently-change-the-auto-industry-5273231.html | Some automakers may emerge stronger, others too weak to survive on their own. Factories will shut down. The pressure to go electric could become more intense.
People may travel less now that they have discovered how much they can get done from home. Or they may commute more by car to avoid jostling with others on crow... | automakers may emerge stronger, others too weak to survive on their own. the pressure to go electric could become more intense, says dr. ed husain. husain: industry expected to realign in ways that could have profound effect on workers. he says it took almost a decade for car sales in the eu to recover from the recessi... | Negative |
https://www.livemint.com/news/india/how-china-fear-hits-indian-traders-11607264530187.html | After dealing in the import of fancy goods and hair accessories from Ningbo—an industrial hub south of Shanghai in China—for several years, Mumbai-based trader Amit Shah has decided to call it quits.
“Suddenly, there are too many restrictions on imports. There’s no clarity. To make things worse, the domestic market is... | trader Amit Shah has decided to call it quits after dealing in the import of fancy goods from Ningbo. he says there are too many restrictions on imports and there is no clarity. a large part of the Chinese import trade is unethical and illegal. the pandemic and the government’s efforts to reduce Chinese imports followi... | Negative |
https://www.moneycontrol.com/news/business/markets/commodity-prices-likely-to-head-lower-crude-to-remain-choppy-5265271.html | Ravindra Rao
Comex gold was trading moderately higher near $1,725/oz after a 0.6% gain on May 13. Gold traded higher, supported by choppiness in the equity market and the US dollar index.
Risk sentiment remains weak amid disappointing economic data, downbeat growth outlook, US-China tensions, increasing virus cases, ... | gold traded higher after a 0.6% gain on may 13. risk sentiment remains weak amid disappointing economic data. US dollar index fell 1.3% in April, biggest drop since index began in 2009. OPEC and allies are aggressively cutting output. a spokesman for the u.s. government said it is reviewing its response. a spokesman fo... | Negative |
https://www.businesstoday.in/news/share-market-today-live-updates-sensex-nifty-airtel-adani-power-idfc-vodafone-coffee-day-union-bank-mtnl-ongc-14-11-2019/story-liveblog/117.html | 8:53 AM (3 years ago)
Trump threatens for more tariffs on China before Christmas
Posted by :- Rupa Roy
U.S. President Donald Trump has again threatened to jack up U.S. tariffs on Chinese goods if the world’s two largest economies fail to reach a trade deal. Additionally, the previously announced 15% tariffs on about... | 15% tariffs on $156 billion worth of Chinese-made consumer goods will take effect on December 15. previously announced 15% tariffs on about $156 billion worth of Chinese-made consumer goods will take effect on. 'i'm not going to raise tariffs on china,' he said. 'i'm going to raise tariffs'substantially' without a deal... | Negative |
https://www.financialexpress.com/india-news/cia-factbook-labels-bajrang-dal-vishva-hindu-parishad-as-militant-orgnisations/1207222/ | United States’ intelligence organisation Central Investigative Agency (CIA) has categorised India’s right-wing organisations Vishwa Hindu Parishad and Bajrang Dal as “religious militant groups”. The mentions have been made in CIA’s ‘world factbook’ which is a document released by the organisation to provide information... | CIA has categorised India's right-wing organisations as'religious militant groups' the CIA document listed Rashtriya Swayamsewak Sangh as a nationalist organisation. while Kashmir’s Hurriyat Conference was mentioned as a separatist group. the VHP has raised strong objection over the declaration. it has threatened a wor... | Negative |
https://www.moneycontrol.com/news/business/cryptocurrency/bitcoin-gains-14-after-the-us-fed-says-it-has-infinite-cash-5068191.html | Bitcoin rallied over 14 percent on March 24 after the US Federal Reserve announced a 'bazooka' to tackle coronovirus-related economic stress.
The digital currency was quoting $6,724.66, up 14.49 percent at the time of writing this copy.
In an effort to protect the US economy from spiralling into a depression, the US ... | digital currency was quoting $6,724.66, up 14.49 percent at the time of writing. in an effort to protect the US economy from spiralling into a depression, the US Fed on march 23 said it will pump in $125 billion each day. in an effort to protect the US economy from spiralling into a depression, the US Fed on march 23 s... | Negative |
https://economictimes.indiatimes.com/mf/mf-news/brokers-body-seeks-sebi-finmin-intervention-as-franklin-closes-6-mf-schemes/articleshow/75352740.cms | Terming the shut down of six debt schemes by Franklin Templeton Mutual Fund (FTMF) as an extreme step that has created panic, an umbrella body of brokers on Friday sought markets regulator Sebi and the Ministry of Finance's intervention to protect investor interest.FTMF stunned all by deciding to shutter operations of ... | FTMF shutters six debt schemes with assets under management of more than Rs 25,000 crore. fund house says regulator Sebi was informed in advance about the decision. ANMI seeks government intervention to protect investor interest. FTMF says investors' confidence is at risk. a committee of mutual fund executives will be ... | Negative |
https://www.moneycontrol.com/news/business/markets/fitch-says-iocs-net-debt-levels-to-rise-due-to-large-capex-2717901.html | Indian Oil | The board has approced implementation of Petrochemical and Lube Integration Project at lndianOil's Gujarat Refinery at an estimated cost of Rs 17,825 crore. (Image: PTI)
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Fitch Ratings today it expects state-owned Indian Oil Corp's (IOC) net debt levels to ... | the board has approved implementation of Petrochemical and Lube Integration Project at lndianOil's Gujarat Refinery. the project is expected to cost an estimated cost of Rs 17,825 crore. Fitch affirmed a rating equivalent to India's sovereign rating. it expects IOC's net debt levels to increase due to large capital exp... | Negative |
https://economictimes.indiatimes.com/news/international/world-news/cpec-to-be-completed-at-all-costs-imran-khan/articleshow/76783727.cms | I-T Lens on Google, Amazon & Apple for likely ₹5kcr Demand The Income Tax (I-T) Department is investigating the Indian units of Apple, Google and Amazon over possible non-payment of tax. In connection with a probe that began in 2021, the authorities have sought detailed explanations from the tech behemoths on their tra... | the income tax (I-T) department is investigating the Indian units of Apple, Amazon and Amazon over possible non-payment of tax. the authorities have sought detailed explanations from the tech behemoths on their transfer pricing (TP) practices. in connection with a probe that began in 2021, the authorities have sought d... | Negative |
https://economictimes.indiatimes.com/markets/stocks/news/investors-could-look-at-top-rated-company-fds-as-options-shrink/articleshow/76082199.cms | Mumbai: Falling bank deposit rates should not make you lose heart. Fixed deposits of top-rated companies could be an attractive investment option, especially for those desiring safety and reasonable returns. With the Reserve Bank of India announcing the closure of government bonds that paid 7.75 per cent interest and t... | falling bank deposit rates are turning investors towards fixed deposits. investors prefer companies because of their stable track record, strong parentage and top-notch ratings. government bonds offered returns of 4.4 per cent annually for a person in the highest tax bracket. the highest interest rate offered by SBI is... | Negative |
https://economictimes.indiatimes.com/markets/commodities/news/gold-rate-today-gold-declines-on-rising-equities-fall-in-spot-demand/articleshow/70548027.cms | Gold Rates - Spot & Futures (.995 purity) (MCX) Date Gold Spot Price
Rs/ 10 grms (AHMEDABAD) Gold Future Price
Rs/ 10 grms Expiry: 05-Dec-2023 01-11-2023 0 60742 01-11-2023 61018 60742 31-10-2023 61018 61237 30-10-2023 61027 61268 27-10-2023 60629 61238 26-10-2023 60764 60968 25-10-2023 60311 60794 24-10-2023 60418 6... | gold futures trade falls as equities weigh on demand for safe-haven metal. fall in demand by jewellers at spot markets and rupee uptick also negative. silver also declines after slump in demand by industrial units and coin makers. asian markets are booming as equities and rupee trades are a major concern. | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/government-revises-downwards-gdp-growth-data-during-upa-regime/articleshow/66850228.cms | Modi govt releases GDP back-series data, UPA era growth rates lowered
NEW DELHI: The government issued revised GDP data for the 2005-12 fiscal years that lowered growth under the previous Congress-led United Progressive Alliance, in contrast with recalculated numbers that had been released in August and sparking a con... | the government released revised GDP numbers for the 2005-12 fiscal years. growth under the previous Congress-led United Progressive Alliance was slower. the revised numbers were released in august but were not recalculated. the government has been criticized for releasing the revised figures. the figures spark a contro... | Negative |
https://www.moneycontrol.com/news/business/markets/market-cap-to-gdp-ratio-lowest-in-10-years-time-to-buy-or-turn-cautious-5444751.html | The ratio, which is also known as Warren Buffett indicator, compares the value of all stocks at an aggregate level to the value of the country's total output. A value above 100% indicates that the market is overvalued while a number close to 50% indicates that it is undervalued.
The market-cap-to-GDP ratio has decline... | market-cap-to-GDP ratio has declined swiftly from 79 percent as of FY19 to 56 percent (FY20 GDP) ratio is used to determine whether the overall market is undervalued or overvalued. lowest in the last two decades was 42 percent in FY04. experts suggest that the ratio does not reflect the true picture of the economy. | Negative |
https://www.financialexpress.com/industry/construction-equipment-demand-to-falter-further-icra/1955839/ | The construction equipment industry is expected to witness 20% degrowth in calendar year (CY) 2020. A recent survey revealed that dealers and original equipment manufacturers (OEMs) are saddled with significant inventory, which will negatively impact the carrying costs of the industry in H1 FY2021, said an Icra note on... | the construction equipment industry is expected to witness 20% degrowth in calendar year (CY) 2020. the situation has been further exacerbated by the Covid-19 outbreak and the nationwide lockdown. the credit rating agency said demand revival is likely only in the third quarter of FY2021. the survey was conducted across... | Negative |
https://economictimes.indiatimes.com/markets/commodities/news/crude-oil-prices-slip-as-us-inventories-and-virus-fears-grow/articleshow/77105250.cms |
LONDON: Oil prices fell on Wednesday as industry data showed a bigger than expected inventory build in the United States, where a surge in coronavirus cases could further dent fuel demand in the world's biggest oil consumer. Brent crude fell 39 cents, or 0.9 per cent, to $43.93 a barrel by 0837 GMT. US West Texas Int... | crude fell 39 cents, or 0.9 per cent, to $43.93 a barrel by 0837 GMT. US crude inventories rose last week by 7.5 million barrels. coronavirus infections surged past 15 million on. tuesday. rising tension between the united states and china over the coronavirus and Hong Kong also weighed on prices. | Negative |
https://www.livemint.com/news/world/covid-19-impact-us-fed-officials-see-rates-remaining-low-through-2022-11591813014786.html | Washington: The US Federal Reserve on Wednesday repeated its promise of continued extraordinary support for the economy as policymakers projected a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year's end.
"The ongoing public health crisis will weigh heavily on economic activity, emp... | the central bank's latest policy statement is the first since December. it sees a 6.5% decline in gross domestic product this year and a 9.3% unemployment rate at year's end. the central bank also promises to keep bond purchases at "the current pace" the central bank also promises to make trillions of dollars in credit... | Negative |
https://www.financialexpress.com/world-news/little-impact-so-far-on-global-food-supply-chain-but-anxiety-driven-panic-could-change-that-wfp/1918673/ | The rapidly growing novel coronavirus pandemic is so far having little impact on the global food supply chain, but that could change for the worse and soon if anxiety-driven panic by major food importers takes hold, the World Food Programme (WFP) has said.
In a new report, “COVID-19: Potential impact on the world’s po... | new report says global markets for basic cereals are well-supplied. but commodities need to move from 'breadbaskets' to where they are consumed. fears that panic buying could ensue if major importers lose confidence. if fears are not overcome, prices could rise, causing a global food supply crisis. 212 million people i... | Negative |
https://www.moneycontrol.com/news/business/markets/technical-view-nifty-forms-bearish-candle-manages-to-hold-10800-volatility-seen-high-on-fo-expiry-3590551.html | The Nifty50 continued to remain in bear trap on February 27, as hightened geopolitical tensions between India & Pakistan and weak global cues weighed on traders sentiment. The index has seen volatility as it traded in a wider range of around 190 points during the day and closed lower ahead of expiry of February futures... | the index closed lower on friday ahead of expiry of February futures & options contracts. the volatility is likely to continue in coming sessions due to geopolitical tensions. the index opened higher at 10,881.20 to touch an intraday high of 10,939.70. but wiped out all gains in afternoon amid volatility and hit a day'... | Negative |
https://www.financialexpress.com/market/grand-plans-rs-53k-cr-rights-issue-to-help-ril-lighten-balance-sheet/1945355/ | In a capital raise that will help it further deleverage its balance sheet after the $5.7-billion deal with Facebook, Reliance Industries (RIL) on Thursday said it would mop up Rs 53,125 crore from shareholders via a rights issue. The conglomerate’s effective debt at the end of 2019-20 is estimated at around Rs 1.5 lakh... | the conglomerate's effective debt at the end of 2019-20 is estimated at around Rs 1.5 lakh crore and it hopes to become debt-free in CY2020. the company said it was looking to complete a capital raise of Rs 1.04 lakh crore by June 2020. the deal to sell a 20% stake in its oil-to-chemicals (O2C) business to Saudi Aramco... | Negative |
https://economictimes.indiatimes.com/nri/visa-and-immigration/trump-urged-to-pause-h1b-visa-programme-after-job-loss-amidst-layoffs/articleshow/74925783.cms | PUNE: A US-based anti-immigration technology workers group has asked for the H1-B visa programme to be suspended due to growing joblessness following the coronavirus outbreak. US Tech Workers , a non-profit which advocates more local hiring, has written to US President Donald Trump saying unemployment claims had gone u... | non-profit US Tech Workers has written to US president Donald Trump. unemployment claims have gone up to 3 million in the previous week. projections show this could rise further by 30%. 'we urge you to pause the H-1B visa programme that would bring in 85,000 workers this year,' it said. the H-2B visa is used mainly for... | Negative |
https://www.financialexpress.com/lifestyle/science/japans-decision-to-release-fukushima-radioactive-water-into-sea-will-cause-disease-along-asian-coastal-belt-say-experts/2131019/ | Japan’s decision to release radioactive contaminated water from its wrecked nuclear plant in Fukushima into the sea by 2022 has led to alarm bells ringing in India with experts warning it would set a wrong precedent and impact aquatic and human life along coastal belts of several parts of the world.
The contaminants o... | contaminants of massive quantities of nuclear water will include radioactive isotopes such as cesium, tritium, cobalt and carbon-12. it will destroy everything it comes in contact with almost immediately and cripple the economy related to the fishing industry. experts warn it will impact aquatic and human life along co... | Negative |
https://www.businesstoday.in/markets/stocks/share-market-live-sensex-nifty-dalal-street-stock-outlook-bse-nse-news-may-14/story/403763.html | Sensex, Nifty Updates: Benchmark Sensex and Nifty erased yesterday's gains and closed sharply negative on Thursday, tracking heavy sell-off in overseas markets as fears of a second wave of infections overshadowed propects of re-opening economy.
Sensex closed 885 points lower at 31,122 and Nifty fell by 240 points lowe... | Sensex closed 885 points lower at 31,122 and Nifty fell by 240 points lower at 9,142. Sensex closed 637 points higher at 32,008 and Nifty ended the session at 9383, rising 187 points. who's warning that the virus "may never go away" also kept investors sentiments at edge. | Negative |
https://www.financialexpress.com/industry/cait-suggests-imposition-of-minimum-operating-price-for-products-on-e-commerce-sites/1767190/ | Traders body CAIT on Sunday suggested the government to impose a “minimum operating price” for products, alleging that traders are at the receiving end of a pricing onslaught posed by e-commerce firms and brands in collusion with banks. The Confederation of All India Traders (CAIT) has written a letter in this regard t... | traders' body CAIT has written a letter to the government on monday. it alleges that e-commerce firms and brands are depriving the government of revenue. the traders' body also suggested the government should impose a "minimum operating price" for products. it said there should be a uniform policy of discounting by bra... | Negative |
https://www.moneycontrol.com/news/business/ongc-oil-earnings-to-decline-credit-metrics-weaken-due-to-lower-oil-prices-moodys-5236771.html | live bse live
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State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd are likely to see earnings decline and credit metrics weaken due to fall in oil prices, Moody's Investors Service said on Thursday. ONGC and OIL get rates equivalent to those prevalent in the international ma... | ONGC and oil india likely to see earnings decline and credit metrics weaken. ONGC and OIL get rates equivalent to those prevalent in the international markets. ONGC and OIL face reduction in government-regulated prices for natural gas. ONGC is an integrated oil and gas company. ONGC is a government-owned company. ONGC ... | Negative |
https://www.financialexpress.com/opinion/is-india-ready-for-economic-growth/1991504/ | Economic growth is about increasing the value of measurable economic activities, and is a convenient (if overemphasised) proxy for increases in welfare. One can measure aggregate economic activity by capturing its components, valuing them and adding them up, either from the perspective of expenditure, or income. India’... | india's pandemic lockdown brought a forced halt to a large fraction of economic activity. government was recognised as uniquely able to spend in bad times. 5% fiscal package was announced by the international monetary fund. a 5% fiscal package is expected to be announced in the coming months. a 5% package is expected t... | Negative |
https://www.moneycontrol.com/news/world/eu-launches-antitrust-investigations-into-apples-app-store-apple-pay-5411851.html | The European Commission on June 16 launched formal antitrust investigations into tech giant Apple's rules pertaining to its App Store and Apple Pay platforms. The two parallel investigations will assess whether Apple's rules for app developers on the distribution of apps via the App Store and its conduct in connection ... | the european commission launches antitrust investigations into apple's rules. the probe will look into the mandatory use of Apple's own proprietary in-app purchase system. the other investigation will look into the company's measures for integrating Apple Pay. the Commission says it has concerns that Apple's rules may ... | Negative |
https://www.financialexpress.com/economy/demonetisation-effect-unemployment-rate-hit-45-year-high-in-2017-18-shows-leaked-govt-report/1460361/ | India’s unemployment rate rose to a 45-year high during 2017-2018, the Business Standard newspaper on Thursday quoted a government survey as showing, in the latest setback for Prime Minister Narendra Modi just months before a tightening election.
The assessment by the National Sample Survey Office conducted between Ju... | the assessment by the National Sample Survey Office showed the unemployment rate stood at 6.1 percent, the highest since 1972-73. the survey has become a political issue after the acting chairman and another member of the body that reviewed the job data resigned saying there was delay in its release. the head of the go... | Negative |
https://economictimes.indiatimes.com/magazines/panache/chinese-delegates-wear-masks-at-auto-expo-amid-coronavirus-scare-green-vehicles-find-eminence/articleshow/73977685.cms | PTI A visitor wears a mask as he looks at cars on display at the Auto Expo 2020 in Greater Noida.
iStock Keeping up the EV drive, Mahindra & Mahindra launched the electric variant of its compact electric SUV eKUV 100 starting at a price point of Rs 8.25 lakh.
India's biennial flagship motor show Auto Expo kicked of... | autoexpo 2020 kicks off in greater Noida on tuesday under shadow of coronavirus outbreak. many delegates and participants besides media men could be seen wearing face masks. china's great wall motor announces investment of USD 1 billion to tap into country's auto market. expo is the first time the top leadership of the... | Negative |
https://www.moneycontrol.com/news/business/commodities/oil-slides-as-producer-cuts-fail-to-banish-demand-fears-5146121.html | Oil prices plunged again on Tuesday as investors were unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic.
Brent futures fell 62 cents, or 2 percent, to $31.12 a barrel by 1310 GMT after settling 0.8 percent up on Monday. U.S. West Texas Intermediate (WTI) crude was down... | oil prices plunge again as investors are unconvinced that record supply cuts could soon balance markets. the coronavirus pandemic has wiped out more than 50 percent of global oil supply. OPEC, Russia and other producing countries agreed over Easter to cut output by 9.7 million barrels per day. the u.s., the world's big... | Negative |
https://www.businesstoday.in/current/world/coronavirus-update-global-covid-19-cases-deaths-and-economic-effect/story/403460.html | More than 4.12 million people have been reported to be infected by the novel coronavirus globally and 281,591 have died, according to a Reuters tally, as of 0421 GMT on Monday.
EUROPE
British Prime Minister Boris Johnson said the lockdown will not end yet, urging people to "stay alert" to the risks as he outlined pla... | more than 4.12 million people have been infected by the novel coronavirus. 281,591 have died, according to a tally, as of 0421 GMT on monday. a total of 169,575 cases in germany, meanwhile, the death toll rose by 22 to 7,417. a third of the u.s. population is infected with the novel coronavirus. | Negative |
https://economictimes.indiatimes.com/news/economy/indicators/fitch-solution-cuts-indias-fy21-gdp-growth-forecast-to-1-8/articleshow/75244834.cms | NEW DELHI: Fitch Solutions on Monday cut India's economic growth forecast for the financial year 2020-21 to 1.8 per cent saying private consumption is likely to contract due to large-scale loss of income in the face of worsening domestic outbreak of COVID-19."Over the past week, we have continued to adjust down our cou... | india's real GDP growth rate for 2020-21 has been revised down to 1.8 per cent. the rating agency says private consumption is likely to contract due to a loss of income. the slow roll-out of fiscal stimulus by the central government will only exacerbate India's woes. for china, it revised downwards its 2020 real GDP fo... | Negative |
https://www.financialexpress.com/economy/there-are-jobs-in-2017-jobs-gain-was-12-8-million-says-pmeac-member-surjit-bhalla/1244824/ | At the time when the Narendra Modi government is facing criticism for jobless growth, noted economist and PMEAC member says that in 2017, there was a job gain of 12.8 million. In a column written in the Financial Express on Saturday, Surjit Bhalla said, “If the QES data is extrapolated to the entire non-farm population... | noted economist says in 2017, there was a job gain of 12.8 million. he says there are three independent sources of data on employment growth. the government is expected to release a jobs data report later this year. he says the data is not accurate since the survey population is not a good estimate. he says the data is... | Negative |
https://www.businesstoday.in/current/economy-politics/fpi-outflow-hits-4-month-high-of-rs-21000-cr-in-sept/story/283227.html | Overseas investors pulled out a massive Rs 21,000 crore ($3 billion) from the capital markets in September, making it the steepest outflow in four months, on widening current account deficit amid global trade tensions.
The latest withdrawal comes following a net infusion of close to Rs 5,200 crore in the capital marke... | foreign investors pulled out a massive Rs 21,000 crore ($3 billion) from the capital markets in September. this was the steepest outflow in four months, on widening current account deficit. this was due to global trade tensions, depreciating rupee and concerns over deficit. experts say there has been a fair bit of unce... | Negative |
https://www.financialexpress.com/economy/fitch-ups-indias-economic-growth-forecast-to-7-4-for-fy19-but-cites-these-as-risks/1205108/ | Fitch Ratings today raised India’s economic growth forecast to 7.4 per cent for 2018-19 but cited higher finance costs and rising oil prices as risks. It also said that the rupee has been among the worst performers vis-a-vis Asian currencies this year. The global credit rating agency had earlier estimated the GDP growt... | rupee has been among the worst performers vis-a-vis Asian currencies this year. global oil price forecast to remain around USD 70 per barrel in 2018. rupee grew at 6.7 per cent in 2017-18, compared to 7.7 per cent in 2013. rupee is expected to be the most volatile currency in the world. a softer rupee could mean a stro... | Negative |
https://economictimes.indiatimes.com/markets/expert-view/midcap-it-could-be-one-of-the-leaders-of-next-bull-market-in-2019-porinju-veliyath/articleshow/66934210.cms | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Lucknow IIML Chief Marketing Officer Programme Visit IIM Lucknow IIML Chief Executive Officer Programme Visit Indian School of Business ISB Chief Digital Officer Visit
I am structurally bullish and in long-term investing, ther... | Porinju Veliyath, Founder & Portfolio Manager, equity intelligence india, tells ET Now. he says investors can skip through corrections and still create wealth. the IT stocks now are growing at 15-20% if you see last five years’ CAGR. the media have been exaggerating the negatives. 'we had a very bad 2018': | Negative |
https://www.financialexpress.com/economy/us-to-allow-8-countries-to-continue-buying-iran-oil-after-sanctions-on-november-5-says-mike-pompeo/1370827/ | The US has agreed to temporarily allow eight countries to continue buying Iranian oil after it reimposes crippling sanctions on Tehran on November 5, Secretary of State Mike Pompeo said on Friday, citing “significant reductions” in imports of oil from the Persian Gulf nation. India is one of the countries expected to g... | the list of exemptions would be announced on Monday, secretary of state said. if India gets the exemption, it would be asked to bring down their oil imports from Iran to zero in six months’ time. the list of exemptions is far less than the 20 countries, including india, which were exempt from the sanctions. the sanctio... | Negative |
https://www.livemint.com/Politics/DNQJqmtysO2AlnHONcbZ2M/Trillions-of-litres-of-water-in-dams-are-not-reaching-farme.html | New Delhi: Mihir Shah, erstwhile member of the Planning Commission and head of several committees on water reforms set up by the Modi government, is candid about the problems facing water management. Excerpts from an interview:
Why has it been so hard to make a national push on water, similar to sanitation or the more... | despite spending more than Rs400,000 crore on major and medium dam projects, we have a recurring and intensifying crisis of water. unless we reform the management of our irrigation commands, this problem will remain. sustainable groundwater management is the single most important water reform we need to urgently undert... | Negative |
https://www.moneycontrol.com/news/world/coronavirus-pandemic-world-faces-food-crisis-in-wake-of-covid-19-un-wto-5096921.html | Representative image
The heads of three global agencies warned Wednesday of the risk of a worldwide "food shortage" if authorities fail to manage the ongoing coronavirus crisis properly. Many governments around the world have put their populations on lockdown causing severe slow-downs in international trade and food s... | three global agencies warn of risk of "food shortage" if authorities fail to manage crisis. panic buying by people going into confinement has already demonstrated fragility of supply chains. a vaccine works by mimicking a natural infection. a vaccine works by mimicking a natural infection. a vaccine works by building h... | Negative |
https://www.businesstoday.in/current/economy-politics/imf-global-debt-record-usd-164-trillion-india-praised-right-policies/story/275209.html | The world is drowning in debt like never before. According to the IMF, global debt, public and private alike, hit a record $164 trillion in 2016 - almost 225 per cent of the world's economic output - up 8 per cent from 2015. Debt-to-GDP ratios in the advanced economies are at levels not seen since World War II, while t... | global debt hit a record $164 trillion in 2016 - almost 225 per cent of the world's economic output. advanced economies are at levels not seen since the world war II. emerging market and middle-income countries have hit levels last seen during the 1980s debt crisis. the world is 12 per cent of GDP deeper in debt than t... | Negative |
https://www.moneycontrol.com/news/business/markets/most-nifty-companies-hit-52-week-low-in-march-amid-covid-19-fall-should-you-buy-5090171.html | live bse live
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Nifty is down about 30 percent from its recent record high of 12,430 hit on January 20, and about 90 percent of the companies hit their 52-week low in March.
As many as 45 companies out of Nifty50 have hit their multi-year low amid the mayhem caused by the outbreak of ... | 45 companies out of Nifty50 have hit their multi-year low in march. a vaccine works by mimicking a natural infection. a vaccine helps quickly build herd immunity to put an end to the pandemic. a vaccine is a vaccine that is based on the whole virus. a vaccine is a vaccine that is based on a virus that is stable. | Negative |
https://www.financialexpress.com/opinion/basic-income-towards-a-path-of-resilience/1929720/ | India has been given time to prepare, or in the jargon of the moment, to get ahead of the curve before the death toll mounts, and the economic slump heaps further misery on people.
A hundred years ago, the Spanish flu swept the world, killing over 40 million. But, the world economy did not suffer from a depression. Pa... | the world economy did not suffer from a depression 100 years ago. but the ensuing economic depression will be much worse. the global system has evolved into global rentier capitalism. the global system is grossly over-financialised. a small downturn will tip many into the abyss. a'sea-change' is not going to be small. | Negative |
https://www.businesstoday.in/podcast/bulletin/india-likely-to-witness-second-wave-of-coronavirus-says-japanese-firm-nomura/406605.html | 11 Jun 2020, 12:19 PM
India likely to witness second wave of coronavirus; in high-risk group: Nomura
India's decision to unlock the world's longest coronavirus-induced lockdown in a phased-manner might turn detrimental in the upcoming days. According to Japanese financial research firm, Nomura, India has been listed ... | nomura says relaxation of coronavirus lockdown could lead to increase in cases. 'in extreme cases, it could lead to situation of re-locking,' says nomura. india may lose Rs 10 lakh crore revenue due to coronavirus outbreak. cash withdrawals from ATMs nearly halved to about Rs 1.27 lakh crore in April. | Negative |
https://economictimes.indiatimes.com/markets/expert-view/this-is-not-a-vanilla-correction-nifty-can-fall-to-11100-level-gautam-shah/articleshow/74318674.cms | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website IIM Lucknow IIML Chief Executive Officer Programme Visit IIM Lucknow IIML Chief Marketing Officer Programme Visit IIM Kozhikode IIMK Chief Product Officer Programme Visit
The market does not look good. It has been on a weak foot... | market does not look good. it has been on a weak footing, says nirmal. markets are going through collateral damage given what is happening around the world. nifty is now sitting up for the largest decline. nifty is a short term downtrend. nifty is a good example of how the market is going to react to the global crisis. | Negative |
https://www.moneycontrol.com/news/business/markets/gold-futures-loses-sheen-as-markets-ride-high-shed-0-24-3999671.html | Gold prices dipped 0.24 percent to Rs 31,460 per 10 gram in futures trade Tuesday as speculators reduced exposure at the spot market.
On the Multi Commodity Exchange, gold for delivery in June contracts fell by Rs 77, or 0.24 percent, to Rs 31,460 per 10 gram in a business turnover of 7,620 lots.
Traders said, the go... | gold for delivery in June contracts fell by Rs 77, or 0.24 percent, to Rs 31,460 per 10 gram. domestic equity markets saw strong gains and investors turning to riskier equities. gold prices fell 0.16 percent to USD 1,275.20 an ounce in new york. globally, the gold prices fell 0.16 percent to USD 1,275.20 an ounce. | Negative |
https://www.financialexpress.com/market/analyst-corner-buy-on-pvr-fair-value-at-rs-1800/1902420/ | We upgrade PVR to ‘buy’ from ‘reduce’ with FV of Rs 1,800 (Rs 1,850) valuing it at 11X FY2022E EV/Ebitda (unchanged). While Covid-19 would significantly impact the business in the short term (say two months), we expect it to bounce back thereafter, led by pent-up demand and a packed line-up of movies. We cut FY2020-21E... | we upgrade PVR to ‘buy’ from ‘reduce’ with FV of Rs 1,800 (Rs 1,850) valuing it at 11X FY2022E EV/Ebitda (unchanged) we cut FY2020-21E Ebitda estimates by 10-23% and retain FY2022E estimates. Almost all state governments have ordered complete shutdown of cinemas in order to contain Covid-19 outbreak. producers have pus... | Negative |
https://economictimes.indiatimes.com/news/international/world-news/britain-unlikely-to-lift-coronavirus-lockdown-until-end-of-may-government-expert/articleshow/74981605.cms | LONDON: Britain is unlikely to lift its stringent lockdown rules until the end of May, a leading government adviser said on Saturday, warning that the spread of the coronavirus must first slow and intense testing be introduced.The government has put Britain into a widespread shutdown, closing pubs, restaurants and near... | government has ordered people to stay home unless absolutely essential to venture out. experts question whether the shuttering of the economy will cost more lives. a quarter of a million people could die from the coronavirus. a second senior government adviser fears the country has painted itself into a corner. a ten-y... | Negative |
https://www.moneycontrol.com/news/india/in-pics-new-lockdown-guidelines-what-is-allowed-and-what-is-not-5149071.html | 1/21
A day after Prime Minister Narendra Modi announced lockdown extension until May 3 to combat coronavirus outbreak, government issued revised guidelines to be followed during the lockdown. However these relaxations will not be applicable sin the containment zones as demarcated by States/UTs/ District Administration... | government issues revised guidelines to be followed during the lockdown. relaxations will not be applicable in the containment zones. the lockdown is to combat coronavirus outbreak. the government has extended the lockdown until may 3. a lockdown is in effect until may 3.. a lockdown is in effect until may 3.. if the l... | Negative |
https://www.financialexpress.com/market/india-sees-pe-vc-deals-worth-45-billion-in-2019-highest-inflow-in-10-years-report/1957707/ | India continued to be the second largest deal market in the Asia-Pacific region in 2019 with over 1,000 private equity and venture capital pacts valued at USD 45 billion – the highest in the last decade, a report by Bain & Company said on Wednesday.
Private equity (PE) and venture capital (VC) investment in the countr... | private equity investment in the country rose to its 10-year peak. exit value in 2019 decreased, finishing at nearly USD 13 billion against USD 17 billion in 2018 (excluding Flipkart’s exit) this was still the third-highest for the last decade. of the top 15 deals in India – which constituted more than 35 per cent of t... | Negative |
https://www.financialexpress.com/industry/textile-processing-industry-will-not-be-able-to-recommence-operations/1941672/ | Even though the Gujarat government has granted permission to recommence operations, the Ahmedabad-based Rs 25,000 crore textile processing industry will not be able to function as there is no demand (domestic and international) of processed textile in wake of Covid-19 pandemic.
Till March 24, 2020, over 300 textile pr... | the Gujarat government has granted permission to recommence operations. but the industry will not be able to function as there is no demand (domestic and international) of processed textile in wake of Covid-19 pandemic. with announcement of nationwide lockdown, this highly labour intensive industry suddenly ceased. own... | Negative |
https://www.financialexpress.com/money/fixed-income-banking-and-psu-funds-may-be-a-safer-bet-in-times-of-covid/1976909/ | By Jiju Vidyadharan
The Covid-19 pandemic has wreaked havoc across financial markets. Even the hitherto steady fixed income market is shaken. Investors are concerned about credit quality and liquidity of the underlying instruments. In such unbridled times, we review the banking and PSU (public sector undertaking) cate... | the covid-19 pandemic has wreaked havoc across financial markets. even the hitherto steady fixed income market is shaken. investors are concerned about credit quality and liquidity of the underlying instruments. the banking and PSU category invest 80% of their assets in debt instruments of banks, PSUs, public financial... | Negative |
https://www.moneycontrol.com/news/business/economy/gdp-growth-at-23-9-in-q1fy21-here-are-the-key-highlights-5780201.html | The Indian economy witnessed a whopping 23.9 percent contraction, the gross domestic product (GDP) numbers for the April-June quarter of fiscal year 2020-21 released on August 31 showed.
The real GDP shrank 22.6 percent in the said quarter, marking the sharpest drop in the country's growth numbers in more than 40 year... | the real GDP shrank 22.6 percent in the said quarter, marking the sharpest drop in the country's growth numbers in more than 40 years. a vaccine works by mimicking a natural infection. a vaccine works by building herd immunity to put an end to the pandemic. a vaccine is a long, complex process that takes time and money... | Negative |
https://economictimes.indiatimes.com/news/international/business/eurozone-economy-to-shrink-8-7-in-2020-before-2021-rebound-european-central-bank/articleshow/76197471.cms | FRANKFURT: Hit hard by the coronavirus pandemic , the eurozone economy will see a sharp contraction of 8.7 percent in 2020 before rebounding in 2021, European Central Bank chief Christine Lagarde said Thursday.Growth is expected to come in at 5.2 percent next year and 3.3 percent in 2022, Lagarde said, warning that the... | eurozone economy will see a sharp contraction of 8.7 percent in 2020 before rebounding in 2021. growth is expected to come in at 5.2 percent next year and 3.3 percent in 2022. lagarde warns extent of this year's recession will depend on containment measures.. 'the extent of this year's recession will depend crucially o... | Negative |
https://www.moneycontrol.com/news/business/companies/bugged-by-bed-bugs-air-india-passengers-complain-of-being-covered-in-bite-marks-2752761.html | Air India
Several Air India passengers flying out of New Jersey’s Newark Liberty International Airport have complained of being bitten by bed bugs while in flight.
In a tweet by Pravin Toneskar, multiple bedbugs can be seen on the business class seats of the plane, which was en route to Mumbai – a nearly 17-hour flig... | a number of passengers have complained of being bitten by bed bugs. in a tweet by Pravin Toneskar, multiple bed bugs can be seen on the business class seats of the plane. the plane was en route to Mumbai – a nearly 17-hour flight. the airline grounded both planes following the growing number of similar complaints. a po... | Negative |
https://www.moneycontrol.com/news/world/turkey-says-us-waging-economic-war-lira-weakens-2874341.html | The lira slid on Thursday after Turkey accused the United States of waging "economic war" amid a bitter standoff between the NATO allies over the fate of a Christian pastor detained by Ankara.
Turkish President Tayyip Erdogan's spokesman said Washington must respect the legal process concerning the pastor, Andrew Brun... | lira dipped as far as 6.1350 against the dollar and was 0.7 percent weaker on the day. the dollar was boosted by US Federal Reserve minutes indicating it would raise interest rates. the lira is down 37 percent this year, with the crisis in Turkish-US ties exacerbating losses. the lira is down 37 percent this year, with... | Negative |
https://www.financialexpress.com/india-news/covid-19-kerala-cm-pinarayi-vijayan-skips-pm-modis-meeting-with-chief-ministers/1940711/ | Kerala Chief Minister Pinarayi Vijayan on Monday skipped Prime Minister Narendra Modi’s crucial meeting with the chief ministers of all states to discuss the situation arising due to the coronavirus pandemic in the country. Kerala had sent its suggestions in writing and Vijayan had deputed Chief Secretary Tom Jose to r... | the prime minister has announced the nationwide lockdown to control the spread of the virus. the country has reported four coronavirus-related deaths and 458 positive cases. the united states is the worst affected nation with over 9 lakh positive cases and over 53,000 deaths. in india, the virus has claimed 872 lives a... | Negative |
https://economictimes.indiatimes.com/news/politics-and-nation/lockdown-in-delhi-extended-till-may-31-vehicles-allowed-to-ply-with-limited-passengers/articleshow/75806593.cms | In consonance with the central directive, Delhi CM Arvind Kejriwal decided to extend the lockdown in the national capital till May 31. Emphasising the importance of gradual revival of economic activities, the chief minister announced a number of measures which will enable in restoring normalcy in Delhi. Arvind Kejriwal... | the lockdown in the national capital will last until may 31. only 20 passengers will be allowed at a time. 299 new coronavirus cases were reported in the past 24 hours. the lockdown is in accordance with the central directive. the chief minister says masks and physical distancing will be vital in the city.. a wedding w... | Negative |
https://www.moneycontrol.com/news/business/coronavirus-crisis-many-jobs-may-vanish-forever-as-layoffs-mount-5302151.html | Representative Image
Patricia Cohen
Even as states begin to reopen for business, a further 2.4 million workers joined the nation’s unemployment rolls last week, and there is growing concern among economists that many of the lost jobs are gone for good.
The Labor Department’s report of new jobless claims, released Th... | a further 2.4 million workers joined the nation’s unemployment rolls last week. there is growing concern among economists that many of the lost jobs are gone for good. a vaccine works by mimicking a natural infection. a vaccine helps quickly build herd immunity to put an end to the pandemic. a vaccine is a vaccine that... | Negative |
https://economictimes.indiatimes.com/markets/expert-view/there-is-going-to-be-a-spike-in-delinquency-capri-global-md/articleshow/74827962.cms | Unlock Leadership Excellence with a Range of CXO Courses Offering College Course Website Indian School of Business ISB Chief Digital Officer Visit IIM Lucknow IIML Chief Marketing Officer Programme Visit IIM Lucknow IIML Chief Executive Officer Programme Visit
The MSME and the small businesses sector is going to face... | the job losses are happening now that the entire cash flow of the small businesses is completely down. they need a moratorium of a minimum of 3-6 months, ideally six months, when all their repayments towards NBFC and banks are deferred. the national housing bank has given a much lower rate to the housing finance compan... | Negative |
https://www.businesstoday.in/current/economy-politics/coronavirus-lockdown-40-what-are-the-rules-for-offices/story/404127.html | The central government on Sunday extended the nationwide lockdown by two more weeks till May 31 to prevent the spread of coronavirus. The Ministry of Home Affairs (MHA) has issued fresh guidelines for organisations and its employees to follow at workplaces. Though the MHA has not mentioned clearly about the strength at... | the central government on Sunday extended the nationwide lockdown by two more weeks. the government has issued fresh guidelines for organisations and its employees. wearing of face covers is compulsory at all workplaces. india reported 4,987 fresh coronavirus cases in 24 hours, highest single-day spike. the country gea... | Negative |
https://www.businesstoday.in/current/corporate/sebi-censures-astrazeneca-pharma-promoter-elliot-group-for-unfair-trade-practices-in-delisting-plan/story/406207.html | Markets regulator SEBI has strongly "censured" Astrazeneca Pharma India Ltd's promoter and Elliot Group for professional misconduct and following unfair trade practises during the company's delisting plan in 2014.
The regulator, in a 65-page order, said that AstraZeneca Pharma India Ltd's (AZPIL) promoter AstraZeneca ... | market regulator says 'professional misconduct' was part of delisting plan. astraZeneca Pharma India Ltd's promoter and Elliott Group had a 'private arrangement' to sail through the delisting process. 94 percent of shares offered through OFS had been subscribed by six foreign institutional investors (FIIs). astraZeneca... | Negative |
https://www.businesstoday.in/markets/commodities/gold-price-turns-volatile-silver-rates-at-rs-60900/story/416699.html | Gold, Silver prices in India on September 22: Gold price gave up early gains and traded flat on Tuesday, as the resurgence of coronavirus cases in Europe and uncertainty on more fiscal stimulus to support the economy in the US crippled market sentiment.
Gold rose in early trade today after the dollar index fell 0.14 p... | gold and silver traded flat on tuesday as markets sold off. dollar index fell 0.14 per cent to 93.52 against a basket of six currencies. gold and silver both fell marginally, aided by a weak dollar. concerns about tensions between the us and china also kept investors pessimistic. gold has gained nearly 26% so far this ... | Negative |
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