Neeraj Gambhir, Managing Director & Co-Head of Fixed Income India, Nomura India told CNBC-TV18, market is expecting Reserve Bank of India to cut repo rate by 25bps in the upcoming credit policy on April 17.
Growth in the Indian services sector slipped to a five-month low in March as optimism about the business outlook in the coming year faded to its weakest level since 2009, a survey showed on Wednesday.
Government will appoint new Governors in a few states where the posts are lying vacant or the incumbents have completed their terms.
Union agriculture secretary P K Basu today said Rs 200 crore has been allocated to Indian Agriculture Research Council (ICAR) to conduct research for meeting the challenges of nutrition and food security.
Jammu and Kashmir government today said that 290 road projects have been approved by Nabard during the last two years in the state.
Oil and gas producer Oil India Ltd is looking at buying a stake in Chesapeake Energy Corp's Mississippi Lime formation in Oklahoma, a source with knowledge of the matter said on Tuesday.
Bimal Jalan, former RBI governor tells CNBC-TV18 that there is a complete lack of confidence in policy framework of the nation. "Unless there is clarity and confidence is induced in the tax policies framed by the nation, investors are going to remain cautious," he says.
Widening current account deficit is currently one of the biggest concerns for the Indian economy. The current account deficit (CAD) nearly doubled to USD 19.6 billion during the December quarter (Q3), or 4.3%, from year-ago period. This was on the back of sharp fall in exports.
In an interview to CNBC-TV18, Brijen Puri, JP Morgan and Rajeev Mahrotri, IndusInd Bank speak about the bond market and give their outlook going forward.
Under attack from political parties for the steep hike in power tariff, Tamil Nadu Chief Minister Jayalalithaa today announced subsidising part of the increase for domestic consumers.
In an interview to CNBC-TV18, Jayesh Mehta, managing director and country treasurer of Bank of America says, he is surprised to see 10-year at 8.70% despite open market operation (OMO).
India's economy is exposed to an extended euro zone crisis and policy paralysis at home, while the coalition government is under tremendous strain from scandals and rebellious coalition partners.
India's exports grew by an annual 4.2% in February, slowest in three months, to USD 24.6 billion and the country may miss the target of USD 300 billion for 2011-12 in the wake of difficult global environment.
The Reserve Bank of India (RBI) has eased its overseas direct investment norms by waiving the need for Indian entities to seek its approval to open foreign currency accounts abroad.
The high-powered advisory committee headed by Alok Nigam, joint secretary in the department of financial services has submitted its recommendations on legislative changes for NBFCs, sources told Moneycontrol.com. Some critical issues include Money Lenders Act, Recovery of Debts Due to Banks (RDDB) Act, willful defaulters and Takeover Code.
The PMI data, a prelude to IIP has registered a marginal downtick from 56.6% seen in February to 54.7% in March. This decline was mainly due to easing of growth in new orders and rise in costs for raw materials.
India's exports grew an annual 4.3% to USD 24.6 billion in February, while imports rose 20.7% to USD 39.8 billion, government data showed on Monday.
The expansion of India's factory sector slowed for a third month in March as growth in new orders eased and costs for raw materials kept rising, a business survey showed on Monday.
CLSA's senior economist, Rajeev Malik, tells CNBC-TV18 that RBI is not going to be dovish in the upcoming policy meet on April 17. He expects RBI to deliver a rate cut this time. Speaking to the channel, he says that the market will however have to scale down expectation of the quantum of rate movements in FY13.
The Himachal Pradesh Single Window Clearance and Monitoring Authority (SMSWC and MA) today cleared six projects including one new and five expansion projects providing employment to 338 youth.
Andhra Pradesh Agriculture Minister Kanna Lakshiminarayana today said that the state government provided crop and other loans to 1.2 crore farmers in the current financial year compared to 50 lakh persons in Telugu Desam Party rule before 2004.
The government can borrow up to 500 billion rupees from the Reserve Bank of India during April-June as short-term loans and up to 450 billion rupees during July-September, the central bank said in a statement on Friday.
India's balance of payments was in deficit for the first time in three years at $12.8 billion during the October-December quarter, compared with a surplus of $4 billion in the corresponding period a year earlier.
India's fiscal deficit during April to February was Rs 494000 crore, or 94.6% of the revised full fiscal year 2011-12 target, government data showed on Friday.
Dealing with inflation in India is important to "recreate" high growth, Subir Gokarn, a deputy governor at the Reserve Bank of India, said on Friday