TAG: Economy
RBI likely to set cut-off yield on 10-year state bonds in 7.42%-7.44% band: Poll
Indian states will aim to raise an aggregate of 161 billion rupees ($1.93 billion) on Tuesday through a sale of bonds maturing in six years to 20 years.The Reserve Bank of India will likely set cutoff yields for the 10-year bonds in the 7.42%-7.44% band,...
6 months ago
India’s searing heat wave boosts RBI case to wait on rate cuts
A sizzling heat wave in large parts of the country will raise concerns for India’s policymakers already grappling with sticky inflation, potentially pushing back the timing for interest rate cuts, economists said.The nation’s weather office on Monday pred...
6 months ago
Institutional investments in real estate down 40% to $995 million in January-March: Report
Institutional investments in real estate fell 40 per cent annually in January-March to USD 995.1 million because of a lower inflow of funds in office, residential, and warehousing assets, according to Colliers India.The institutional investments stood at...
6 months ago
India added 21 GW solar module, 3 GW cell manufacturing capacity in 2023: Mercom
India installed 20.8 GW of solar modules and 3.2 GW of cell manufacturing capacity in 2023, according to Mercom Capital.The country's cumulative solar module manufacturing capacity reached 64.5 GW, and solar cell manufacturing capacity 5.8 GW as of Decemb...
6 months ago
US economy strengthens, sluggish China welcomes FDI as investments pour in
US President Joe Biden delivered his State of the Union address to the US Congress on 7th March. On the other side of the Pacific in China, the 21st National People's Congress held its plenum.Biden made a pitch for higher taxes and more social sector expe...
6 months ago
The Dollar is more armoured division than currency
There’s just no getting past the supremacy of the dollar, much as skeptics of American influence wish for it or lonely yen bulls cry for relief. The greenback has been frequently tipped to retreat, only for it to blow away everything in front of it. This...
6 months ago
Direct Benefit Transfers: A revolution under the radar
By Sriram Balasubramanian In the run up to the 10th anniversary of the Narendra Modi government, there have been numerous comparisons between the performance of the government viz-a-viz previous regimes. The release of the NSSO survey results for 2022-23...
6 months ago
Domestic consumption demand, Govt capex lent support to India Inc's credit profile: ICRA
Rating agency ICRA on Monday said domestic consumption demand, government's infrastructure spending and healthy balance sheets lent support to India Inc's credit profile in the 2023-24 fiscal, even though rise in borrowing cost, sluggish exports and certa...
6 months ago
Credit quality outlook of India Inc positive in first half of FY25: Crisil Ratings
Crisil Ratings on Monday said the credit quality outlook for Indian corporates remains positive for the April-September period of the 2024-25 fiscal year with upgrades continuing to outpace downgrades.In the last fiscal year, Crisil gave 409 rating upgrad...
6 months ago
India's power consumption rises 1.4% to 129.89 billion units in March
India's power consumption growth remained subdued at 1.4 per cent to 129.89 billion units (BU) in March as compared to the year-ago period mainly due to pleasant weather, according to government data.In March 2023, power consumption stood at 128.12 BU, lo...
6 months ago
India hydropower output records steepest fall in nearly four decades
India's hydroelectricity output fell at the steepest pace in at least 38 years during the year ended March 31, a Reuters analysis of government data showed, as erratic rainfall forced further dependence on coal-fired power amid higher demand.The 16.3% dro...
6 months ago
Government raises $1.98 billion by selling stakes in companies in 2023/24
The Indian government has raised 165 billion rupees ($1.98 billion) in 2023/24 by selling its stakes in about 10 state-run companies, official data showed, about 9% lower than its internal target of 180 billion rupees.Prime Minister Narendra Modi's ambiti...
6 months ago
India gold prices soar to record high, dampening demand, dealers say
Indian gold futures hit an all-time high on Monday, tracking gains in overseas markets and squeezing demand in the world's second-biggest consumer of the precious metal, dealers said.Domestic gold futures rose to 69,487 Indian rupees ($834.07) per 10 gram...
6 months ago
World Bank projects Indian economy to grow at 7.5% in 2024
The Indian economy is pEconomy,india,GDP,Growthrojected to grow at 7.5 per cent in 2024, the World Bank has said, revising its earlier projections for the same period by 1.2 per cent.Overall, growth in South Asia is expected to be strong at 6.0 per cent i...
6 months ago