Economy News

India maintains PE/VC investment rate thanks to Reliance

India maintains PE/VC investment rate thanks to Reliance

New Delhi: Investments in Jio Platforms and Reliance Retail account for more than 40 per cent of private equity and venture capital investments in 2020 between January-September.According to the IVCA-EY PE/VC roundup, the January-September period recorded investments worth $ 28.9 billion across 686 ...

Readmore

Tough fiscal for Remittances but good for banks with NRI deposits

Tough fiscal for Remittances but good for banks with NRI deposits

Mumbai: The Pandemic year may have resulted in a muting of remittance activity for India.Historically, India is the world's largest benefactor of remittances in the world. This fiscal, share of remittances as a percentage of gross disposable income, however, has receded to 2.5 per cent in FY19 from ...

Readmore

Moodys says Indian government's financial package is just modest

Moodys says Indian government's financial package is just modest

New Delhi: The Indian government's financial measures have been termed as "too less" and just "modest" by investor agency Moodys.The agency was referring to the recent measures announced by the Finance ministry - the one on improving consumer spending and a package which was announced in May.Accordi...

Readmore

GST: Centre agrees to 20 states borrowing Rs 68,825 crores

GST: Centre agrees to 20 states borrowing Rs 68,825 crores

New Delhi: The Centre on Tuesday has consented to demands from States and Union Territories. Representations from the States and Union Territories demanded for borrowing from markets. The states observed borrowing necessary to tide over shortfall in GST revenue for 2020-21.The Department of Expendit...

Readmore

Kerala achieves another milestone, 100% digital equipped schools

Kerala achieves another milestone, 100% digital equipped schools

Kochi: Shailaja Teacher would be proud of her state's new milestone - 100 percent digitally equipped schools.All public sector schools in Kerala are digitally equipped with hi-tech classrooms. That, the state achieved this during a pandemic has brought it praise from all quarters.With this, Kerala h...

Readmore

Effects of Unlock India: Consumer Durable brands visualize bumper business

Effects of Unlock India: Consumer Durable brands visualize bumper business

New Delhi: The consumer durable market a major driver of the economy has started showing some obvious signs of demand coming back after the lockdown restrictions were lifted.At a time when government stimulus has not been large enough to pull the economy out of the pandemic-induced slump, there is a...

Readmore

Bangladesh, Bhutan, Sri Lanka and Maldives marching ahead of India? Furore on social media

Bangladesh, Bhutan, Sri Lanka and Maldives marching ahead of India? Furore on social media

Analysts at the International Monetary Fund would have never dreamt that their recent economic report would lead to such a furore on social media.On Wednesday, social media was buzzing over the recent IMF outlook report that said Bangladesh would overtake India in per capita GDP for 2020.As India's ...

Readmore

Achhe Din coming for Indian steel sector, surprisingly, thanks to Chinese

Achhe Din coming for Indian steel sector, surprisingly, thanks to Chinese

New Delhi: Good times seems to be making a return for Indian steel makers as global demand conditions, particularly in largest steel consuming market in China, has pushed up the metal prices worldwide.The immediate impact of the development in China is that Indian steel prices have also firmed up an...

Readmore

US Consumer price up in July, matches June trends

US Consumer price up in July, matches June trends

Washington: U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise.The Labor Department reported Wednesday that the increase last month in its consumer price index matched a 0.6% rise in June. The uptick was about twice what economists expected. But inflation remains in check:...

Readmore

Food prices cool India's March inflation to 5.91%

Food prices cool India's March inflation to 5.91%

New Delhi: Retail inflation in the country has dropped to 5.91% in March from 6.58% in February, down majorly due to a deceleration in food prices. Although the latest numbers are on the lower side, it is still higher than the mandated 4% inflation target set by the RBI.  Data from the National...

Readmore