India led Asia’s earnings downgrades over the past month with analysts expecting more troubles this year due to a consumption slowdown and liquidity crunch in the financial sector. Over the past 30 days, analysts have slashed Indian firms’ 2019 earnings forecasts by 4.3% – the highest cut in […]
NEW DELHI – India’s monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to data released by an industry body on Monday, highlighting the continued slowdown in the sector amid assurances by the government for revival. Passenger vehicle sales plunged 31.57% year-on-year to […]
Mumbai, Sep 9: Domestic equity benchmark BSE Sensex dropped over 150 points in early session on Monday, weighed down by losses in banking, auto and IT stocks amid unabated foreign fund outflow. The 30-share index was trading 147.20 points, or 0.40 per cent, lower at 36,834.57 at 0930 hours, […]
Mumbai, Sep 5: The rupee appreciated by 27 paise to 71.85 against the US dollar in early trade on Thursday as gains in domestic equity market enthused investors. At the interbank foreign exchange the rupee opened at 71.87, then gained further ground and touched a high of 71.85, registering […]
BENGALURU – A task force set up by India’s central bank on Tuesday recommended a slew of measures for developing a secondary market for corporate loans, including easing of regulations to allow foreign portfolio investors (FPIs) to directly purchase distressed loans from banks. These moves are aimed at […]
Mumbai, Sep 3: Domestic equity benchmark BSE Sensex dropped below the 37,000 level, plunging over 400 points, in early trade on Tuesday tracking heavy selling in financial and auto stocks amid weak domestic and global cues. The 30-share index was trading 403.87 points, or 1.08 per cent, lower at […]
New Delhi, Sep 1: In an apparent sign of economic slowdown, India’s GST collections in August dropped to Rs 98,202 crore from over Rs 1.02 lakh crore in the previous month, the finance ministry said on Sunday. However, total Goods and Services Tax (GST) mop-up for August this year […]
BENGALURU – Expansion in India’s manufacturing sector hit its slowest in 15 months in August as demand and output grew at their weakest pace in a year and cost pressures increased, a private sector survey showed on Monday. The survey comes after official figures showed India’s economy grew […]
NEW DELHI – India’s fiscal deficit in the four months through July stood at 5.48 trillion rupees ($76.65 billion), or 77.8% of the budgeted target for the current fiscal year, government data showed on Friday. Net tax receipts in the first four months of the fiscal year were […]
NEW DELHI – India’s economy likely expanded at its weakest pace in more than five years in April-June, a Reuters poll showed, as consumer demand and private investment weakened at a time global trade frictions have dampened business sentiment. The median figure from the poll of economists is […]
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