Stay updated with the latest news and articles about Economy.
Shaktikanta Das noted that despite two Black Swan occurrences occurring simultaneously and several shocks, financial stability, macroeconomic stability, and growth resilience are being observed.
Shaktikanta Das, Governor of the Reserve Bank of India, indicated on Friday that the real GDP growth prediction for the fiscal year 2022–2023 is maintained at 7.2 percent.
United Kingdom's Gross Domestic Product (GDP) unexpectedly fell in April, raising fears of a dramatic slowdown just three days before the Bank of England reveals the amount of its latest interest rate.
Indian shares fell sharply and the rupee hit a record low as US inflation data and a COVID-19 warning from Beijing roiled global markets.
Central bank has permitted rural cooperative banks to extend finance to commercial real estate, Das said.
Chairman, Managing director and the largest shareholder of Reliance Industries Ltd. Mukesh Ambani surpassed Gautam Adani again to be India and Asia’s richest man.
India’s services activities increased at the strongest rates since the year 2011. The Purchasing Manger’s Index (PMI) rose from 57.9 in the last month to 58.9 in May which marked the quickest increase since the year 2011.
The coronavirus epidemic has had a negative influence on economies all across the world, but they are slowly recovering.
Stock has been downgraded to 'hold' from 'buy,' with the target price shrunk to Rs 4,250 from Rs 5,250 previously. Experts warned that the abnormal growth is unsustainable as the pandemic begins to fade globally.
Zomato stock also fell by 2.15 % even as the gross order value increased by 6% quarter on quarter. The company believes that the loss is short-term in nature and customers are increasing.
The Indo-Pacific Economic Framework countries account for $34.7 trillion in global output, or 41% of global output, compared to $31.7 trillion for TPP members.
Governor Shaktikanta Das said the RBI will also announce a revised inflation projection at its June meeting.
The industrial growth so far in the fiscal year 2021-22 has grown 15.2%, compared to a contraction of (-) 13.3% in the corresponding period year ago, the data from the Ministry of Statistics & Programme Implementation (MoSPI) presented.
The company announced late Tuesday it will boost its outstanding shares by a 20-to-1 ratio, intending to attract various small investors.
In November, India's output for eight core sectors thrived by 3.1 percent, in comparison to 7.5 percent in October 2021.
Showing 60 of 236,098 articles