Titan Company, Housing Development Finance Corporation (HDFC) and Kotak Mahindra Bank were trading in the red. Stock Market News Today | Sensex, Nifty, Stock Prices LIVE: The national stock market benchmark indices BSE Sensex and Nifty 50 were trading higher on Friday, reflecting global signals. The S&P BSE Sensex hovered …
Read More »Currency manipulator or not, RBI could ease intervention a bit
India has again found itself among the countries tagged as currency manipulators on the US Treasury Department’s list. The move appears to have reinforced the view that the Reserve Bank of India (RBI) should allow the rupee to appreciate and reduce its intervention. Surely the two problems may not be …
Read More »CBSE Class 12 Date of publication of the sheet 2021? This is what PIB had to say, details here
Fake News Alert for all CBSE Candidates Preparing for Class 12 Exam, Central Board of Secondary Education, CBSE has yet to release Class 12 Date Sheet of 2021. Candidates are requested Beware of the fake date sheet circulating on social media. Also Read – JEE Main, NEET, CBSE 2021: Minister …
Read More »Economy bottoming out; not broad-based rebound – india news
The Monetary Policy Committee (MPC) of the Reserve Bank of India has decided to keep official interest rates unchanged while maintaining an accommodative stance. He also believes that the economy is already out of the contraction zone and will register positive growth in the quarters ending in December (0.1%) and …
Read More »Arrival of the Covid vaccine to bring positivity, boost economic recovery, says Sitharaman
As the Indian economy faces one of its most difficult times in the wake of the new coronavirus pandemic, which has affected the entire world for more than ten months, Sitharaman spoke with R. Sukumar, editor-in-chief of the Hindustan Times. The session will revolve around the economy after the Covid-19 …
Read More »Sensex hits 45,000 for the first time as RBI raises GDP forecast from -9.5% to -7.5%
The Reserve Bank of India on Friday revised the real GDP growth projection for 2020-21 from -9.5% to -7.5%. The central bank had estimated GDP to shrink 9.5 percent in its previous assessment in October. RBI’s bullish stance pushed Indian equities to record highs as BSE Sensex crossed the 45,000 …
Read More »Why inflation stands in the way of India’s growth recovery
The promise of a quick vaccine, India’s higher-than-expected gross domestic product (GDP) figures for the quarter ended September, and a booming stock market suggest that risks to growth may be waning. But there is still a big obstacle: persistently high inflation. And it may well represent the greatest threat to …
Read More »Meteorologists raise GDP projections after second quarter rebound
MUMBAI: Meteorologists are revising their projection for the current prosecutor GDP growth after better than expected figures for the second bedroom. Most economists expect India’s GDP to shrink between 6% and 8% in FY21. Until last month, international agencies such as the IMF expected the economy to contract by 10%. …
Read More »Sensex, will Nifty set new all-time highs next week? Burger King IPO, MPC among the things to consider
During the week, the BSE Midcap Index rose 1.66%, cleverly jumping after a midweek correction. Sensex and Nifty continued their stellar run, as they added earnings once again this week. Nifty managed to exceed 13,000 points for the first time in history, while Sensex crossed 44,000 points. Although they witnessed …
Read More »India enters recession, worst among major economies
India’s economy contracted 7.5 percent between July and September, being the poorest among the major advanced and emerging economies and entering a technical recession for the first time since independence, official data showed on Friday. Although the figures were an improvement over last quarter’s record 23.9 percent contraction, they indicate …
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