Weak exports, rural distress, uncertainty over election outcome to lower IIP says Report

India’s industrial production is expected to stay muted in the near term, on account of weak exports, rural distress, credit constraints and uncertainty over the election outcome, a report... Read more »

Tight liquidity creates slowdown in credit growth, asset quality, says ICRA

Housing finance companies (HFCs) have been facing tight liquidity conditions since September 2018 and this has pushed them to lower their disbursements and meet a sizable portion of their... Read more »

Fitch cuts India’s GDP growth forecast for FY20 to 6.8%

Global rating agency Fitch has cut its India’s economic growth forecast to 6.8 per cent for 2019-20 from the earlier estimate of 7 per cent due to weak momentum in manufacturing and agriculture.... Read more »

Telecom subscriber base crosses 120 cr mark, Jio, BSNL, Airtel add customers

The country’s telecom subscriber base for the third time has crossed the 120-crore mark with Reliance Jio, BSNL and Airtel adding new customers in January, according to a report released by... Read more »

India is one of the fastest growing economies in the world according to IMF.

India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has asserting after that the country has carried out several key... Read more »

Scamster Billionaire Nirav Modi arrested in London

Nirav Modi, the fugitive jeweller wanted in the 13,000-crore Punjab National Bank scam, has been arrested in London and is being  produced in the Westminster Magistrate’s Court, the UK... Read more »

Economists discuss India’s slowdown with RBI governor

Economists expressed concerns over a sharp slowdown in the Indian economy and pitched for a monetary policy boost to support growth at a meeting with the Reserve Bank of... Read more »

U.S says they will resume ties only if India brings serious trade proposal to table.

Seeing that trade has been an area of frustration in bilateral ties, the US said that it is willing to resume trade ties if India is prepared to bring... Read more »

RBI disapproves of IDBI’s change of name

The IDBI Bank’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed... Read more »

RBI Governor to meet with trade bodies, rating agencies for pre-policy talks.

Reserve Bank of India (RBI) Governor Shaktikanta Das will hold discussions on March 26 with representatives of trade bodies and credit rating agencies on interest rate and for better... Read more »