Indian equities are likely to continue the upward trend this year, despite major headwinds such as the economic slowdown and fiscal slippages. Indian stock markets are expected to see healthy returns in 2020, though there may not be a quick recovery in the economy, said analysts. The divide between rising Indian equities and a weak …
Despite slowdown, equities likely to register healthy growth in 2020 Read More »
The Reserve Bank of India (RBI) released the 20th issue of the Financial Stability Report (FSR) which states that the country’s financial system is actually stable despite weakening domestic growth. The report, however, added that geopolitical developments might still brandish an economic risk. “India`s financial system remains stable notwithstanding weakening domestic growth; resilience of the …
‘India’s financial system stable,’ states RBI Financial Stability Report Read More »
Prominent industrialists on Thursday urged the finance ministry kick-start economic growth by encouraging private investment, improving regulatory environment and increasing export competitiveness. In a customary pre-budget consultation with finance minister Nirmala Sitharaman and top officials of the finance ministry, industrialists suggested ways to boost the rural economy by boosting consumption. “Other suggestions included ideas to …
Industry asks govt to boost private investments to kick-start growth Read More »
The Reserve Bank of India will conduct a simultaneous sale and purchase of bonds, it said on Thursday, in a move seen by market participants as an attempt to bring longer-term yields lower. It is the first time the RBI has conducted a special open market operation (OMO) of this kind, similar to the ‘Operation …
RBI plans its own ‘Operation Twist’; to buy, sell bonds simultaneously Read More »
The Union Cabinet on Wednesday gave in-principle approval to the proposal of strategic disinvesting stake in state-owned Bharat Petroleum Corporation Ltd (BPCL). The government plans to sell its 53.29% stake along with management control in the oil marketing and refining firm. The government will, however, retain the control of Numaligarh Refinery in Assam which will …
Cabinet approves strategic disinvestment of BPCL, sale of stakes in select PSUs Read More »
Kerala-based private sector lender CSB Bank (earlier known as The Catholic Syrian Bank) will launch its initial public offering for subscription on November 22. The anchor investor offer period will be one working day prior to the IPO opening date which is November 21. The issue will close on November 26. The bank in consultation …
CSB Bank IPO to open on November 22; 10 things you need to know Read More »
In a bid to ease the flow of foreign funds into legitimate business activities, the government may soon ease restrictions on foreign direct investment (FDI) by joint ventures (JVs) or wholly-owned subsidiaries (WOS) of an Indian company without categorising such investments as “suspect” involving ’round tripping’ of funds. The existing legal framework under FEMA does …
New norms to ease restrictions on FDI by JVs of Indian companies Read More »
India’s exports of goods contracted in October by 1.11%, recording negative growth for the third month in a row. India exported goods worth US $26.38 billion in October, as compared to US $26.67 billion in October 2018. A significant dip was recorded in shipments of petroleum, carpet, leather products, rice and tea. In rupee terms, …
Exports decline 1.11% in Oct, trade deficit narrows with steep fall in imports Read More »