Although the Current Account Deficit (CAD) widened in H1FY18 to a 4-year high of 1.8% of GDP, forex reserves surged by US$20.9bn on stronger capital inflows. Q2FY18 CAD slightly moderated to 1.2% of GDP, but rising commodity prices and expectations of improvement in consumption demand are likely to elevate the CAD in H2FY18. The momentum in short-term capital flows has abated and is likely to b
MUMBAI - Securities and Exchange Board of India Chairman Ajay Tyagi said on Thursday banks should disclose defaults in corporate loans, similar to the system in place for corporate bonds, saying it was an issue that regulators would need to address.
Tyagi, addressing a markets conference in Mumbai, also pushed for a reduced reliance on bank loans and instead sai
Putting various economic growth policies under a question mark, new research from the World Inequality Lab said Indian economic inequality has increased rapidly since the 1980s.
The report - World Inequality Report - has put three other countries, North America, China and Russia in the same category.
The report was compiled by the World Wealth and Income Database.
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Caravan park-like facilities will be created in the coastal tourism-friendly pockets in Goa, where low budget tourists travelling by buses and large vans can camp, cook and access toilet facilities for a small fee, Chief Minister Manohar Parrikar said on Thursday.
He was responding to a zero hour mention, during the assembly's ongoing monsoon session, raised by Leader of Oppositio
Industry body, the Indian Sugar Mills Association (ISMA), on Thursday said that sugar production in Uttar Pradesh was set to cross 100 lakh tonnes in 2017 and the total countrywide production was expected to be 251 lakh tonnes.
Sugar production in major sugarcane growing state of Maharashtra had gone down to 42 lakh tonnes in 2016-17.
"This year, we are expecting it to
SAO PAULO - Brazil's state-controlled oil company Petrobras will exercise its right of first refusal over three of the areas to be auctioned off in June in the country's next pre-salt oil round, the company said in a securities filing on Thursday.
Under oil sector rules, Petróleo Brasileiro SA, as the company is formally called, has the right to opt for
BEIRUT - Lebanon's cabinet approved a bid on Thursday for offshore energy exploration by a consortium made up of France's Total, Italy's ENI and Russia's Novatek, in the country's first oil and gas offshore licensing round, a government source told Reuters.
"Congratulations to the Lebanese people on the passing of the oil decree and on Lebanon
MOSCOW - Russia's two biggest banks, Sberbank and VTB, experienced a sharp rise in higher-risk-weighted exposures during the three months to the end of September, data from their third-quarter accounts shows.
The jump illustrates how Russia's banking sector is feeling increased strain after years of free-wheeling lending were ended by an economic downturn caus
Canadian plane and train maker Bombardier Inc on Thursday forecast 2018 revenue to be $17.0 billion to $17.5 billion, well below Wall Street expectations.
Analysts on average had expected revenue of $18.37 billion, according to Thomson Reuters I/B/E/S.
Bombardier is targeting to break even on free cash flow in 2018, plus or minus $150 million, the company said ahead of
* The Sun-Saturn union from next week will cause a lot of upheaval for 1 month in the political, gold and pharma sector.
* On 18-12-2017 results of the Gujarat elections will be declared. Hence accordingly make your position.
* 9.15 to 11.11 overall Nifty will remain positive.
* From 11.11 to 12.44 Nifty will go down.
* 12.44 to 13.50 Nifty will go
Samsung Electronics Co is likely to lose ground in the smartphone segment in 2018 due to the rise of Chinese smartphone manufacturers, an industry tracker said on Thursday.
Strategy Analytics said the company is expected to post a market share of 19.2 per cent in the global smartphone industry in 2018 by shipping 315 million units, down from 20.5 per cent estimated for this year
Improvement in trade deficit provides support to BOP.
With a lower net capital inflows in 2QFY18, improvement in trade deficit provided support to maintain a BOP surplus. Compared to 1QFY18, trade deficit improved in 2QFY18 primarily on the back of lower gold imports. Capital flows were buoyed by FDI flows while FPI flows and banking capital were weak.
Automobile major Tata Motors on Thursday delivered the first set of Tigor Electric Vehicles (EVs) to state-run Energy Efficiency Services Limited (EESL).
According to the automobile major, the first set of Tigor EVs were delivered as part of the state-run company's initiative to procure 10,000 electric vehicles.
Commenting on the occasion, Tata Motors' CEO and MD Gue
India needs INR 50-lakh crs for infrastructure projects over five years, says FM Jaitley
The Finance Minister Arun Jaitley has urged the industry to enhance investment in infrastructure sector over the next two decades, if India has to graduate into a middle income economy. The FM pointed out that there is a requirement of a whopping INR 50-lakh crs i
Twitter on Wednesday announced that it will live stream the conversations related to the Gujarat elections on its platform as the political interest and discourse on the polls generated over 800,000 tweets in the past week on the microblogging website.
The live stream of elections will be available in English and Hindi, and will take place on Thursday when the second phase of po
Bollywood star and Unicef goodwill ambassador Priyanka Chopra will deliver an inspirational talk on 'Breaking the Glass Ceiling, Chasing a Dream' as part of The Penguin Annual Lecture 2017 here on December 26.
Penguin Random House India has invited the globally popular celebrity, who has had a meteoric rise on the global stage with her American TV show "Quantico" for
New Zealand medium pacer Doug Bracewell replaced all-rounder Colin de Grandhomme for the three-match One-day International (ODI) series against West Indies starting from December 20.
According to a report by espncricinfo, Grandhomme had to withdraw from the New Zealand ODI squad for the series against West Indies and has returned to Zimbabwe following the death of his father.
Honeywell Technology Solutions' focus will be on "India for India" portfolio to develop more products for the domestic market, a senior company official said on Thursday.
"We are developing products that are smarter and connected and this gives us a huge opportunity. We are in leading position to be really a big player," said Honeywell Technology Solutions, Ind
Industrial conglomerates GE and Tata Group have entered into a pact to manufacture "CFM International LEAP" engine components in India, for the global supply chain, a company statement said here on Thursday.
According to the statement, the two companies also evinced intention to jointly pursue military engine and aircraft system opportunities for the India market.
The company reported standalone net profit of Rs 16.12 crore for the quarter ended September 30, 2017 as compared to Rs 16.30 crore in the same period last year, registering a year-on-year decline of 1.10 per cent. Net revenue of the company rose substantially by 37.12 per cent at Rs 414.98 crore in July-September quarter of this fiscal as against Rs 302.63 crore in the corresponding period las
The company reported standalone net loss during the quarter stood at Rs 28.06 crore as compared to net loss of Rs 56.40 crore in the previous year quarter. Net revenue of the company declined substantially by 58.95 per cent at Rs 51.31 crore in July-September quarter of this fiscal as against Rs 124.98 crore in the corresponding period last year. During July-September quarter, operating expense
The company reported standalone net profit of Rs 44.60 crore for the quarter ended September 30, 2017 as compared to Rs 8.86 crore in the same period last year, registering a year-on-year growth of 403.39 per cent. Net revenue of the company rose substantially by 48.08 per cent at Rs 813.68 crore in July-September quarter of this fiscal as against Rs 549.47 crore in the corresponding period las
WASHINGTON - The U.S. Federal Communications Commission is expected on Thursday to rescind net neutrality rules championed by Democratic former President Barack Obama that barred the blocking or slowing of internet traffic.
The 2015 rules barred broadband providers from blocking or slowing access to content or charging consumers more for certain content. They were int
BERN, Switzerland - Swiss National Bank Chairman Thomas Jordan said it was too early to talk about normalising monetary policy in Switzerland and that there was no risk that inflation could rise above 2 percent anytime soon.
"To be very clear, it's too early to talk about normalisation in the case of the SNB. Inflation is still very low," Jordan to