The UKIBC is helping companies seeking to move their supply chains to India, especially in manufacturing and advanced manufacturing, its CEO Richard McCallum says.
The urban unemployment rate fell even as the Labour Force Participation Rate increased to 48.5 percent.
In the meeting of the Financial Stability and Development Council earlier this month, Sitharaman had called on India's regulators to conduct a 'special drive' to settle unclaimed bank deposits and financial sector claims across all segments.
Sitharaman was responding to comments by P Chidambaram that the introduction and withdrawal of the Rs 2,000 note has cast doubt on the integrity and stability of Indian currency
It further said inflation has already begun easing, and consumer inflation expectations are falling, so attention has shifted from estimating the peak level of the current hiking cycle to the timing of rate cuts.
The steel makers had reported the ratio of net debt to EBITDA in the range of 1.6-1.7 times in preceding financial year (FY) 2022-23, Crisil Ratings said in a report.
The finance minister was speaking in Mumbai on the occasion of the Narendra Modi government completing nine years.
The bigger question now is what the return of Erdogan will mean as Türkiye’s geostrategic position makes it an important power player. Erdogan's aggressive foreign policy had raised Türkiye’s profile abroad but also led to sharp differences with NATO and Western allies.
The currency may rebound to as strong as 80 per dollar as easing crude prices and rising services exports also help narrow the nation’s current-account deficit, said Aditya Bagree, head of markets for India and South Asia at the bank in Mumbai.
The growth-inflation dynamics currently does not point to growth slowing down, therefore the room for a rate cut is very limited. Also, the flows into fixed income are likely to slowdown in the months ahead. Due to these factors, the yield in the medium term will go up
The clean energy source is generating buzz as an alternative to fossil fuels. The FT calculates that delivering it requires $20tn of investment by 2050
Despite Gamma being a seemingly small number, it has a significant impact on how sensitive the option is to the underlying
China over the last decade-and-a-half is manifestly trying to redefine the global power hierarchy and set out an order with the rules and arrangements that ensure its centrality
“Janet Yellen is going to start restocking cash balances, from currency $50 billion to possibly $600-700 billion over the next three months,” explains Ritesh Jain of Pine Tree Macros.
The eighth meeting of the governing council of the government's top think-tank, which is headed by the Prime Minister, was skipped by several state chief ministers.
Mittal said that India, according to him, is the most advanced country in the world as far as telecom is concerned.
Accusing Modi of not addressing important issues, the grand old party asserted that it will continue to play the role of a responsible opposition and hold the government accountable for its actions.
Foreign direct investment into India fell sharply FY23, which includes gross inflows which fell by 16 percent from $84.83 billion to $70.97 billion. Despite the government’s PLI schemes, there doesn’t seem to have been a significant increase in FDI into India. FDI has not played a large role in India in terms of percentage GDP. Globally too, the IMF notes that global FDI flows have dropped to 1.3 percent of global GDP between 2018 and 2022 from the highs of 3.3 percent in 2000’s. Watch the video for the full explanation!
The US economy is now closer than it ever has been to realising one of the more radical visions in the finance industry
According to a survey by LocalCircles, 6 percent of respondents held more than Rs 1 lakh in the soon-to-be-withdrawn currency note
The statistics ministry will release GDP data for January-March and the first provisional estimate for 2022-23 GDP at 5:30pm on May 31
Data released by the Federal Statistical Office on Thursday shows that Germany's gross domestic product (GDP) declined by 0.3 per cent from January to March. This follows a drop of 0.5 per cent in Europe's biggest economy during the last quarter of 2022.
Traditional banking, the play of forbearance, funding and cash flow characteristics, all combine to make Indian banks less vulnerable than their US counterparts
"Inflation has come down, but core is not coming down that much. Some of it is base effect which they already knew, and they did not hike at the same pace compared to Fed," said Rajeev Mohan, president, treasury and global markets.
“There have been reforms that have led to less red tape, better climate for investments and also the digital revolution is really happening in India,” Brende said and stressed that he is “very bullish and optimistic” about the country’s growth trajectory but not so optimistic about global growth.