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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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In your life, you may have many times facing financial issues. It’s good if you know how to handle it by yourself and have enough time to take care of it. In other cases, it’s time you get a financial consulting service. And the article below will show you those cases.