Lack of diversification among oil-exporting countries and the reliance of oil importers on sectors like tourism, as well as their dependence on remittances, are likely to curb growth, the IMF said on Monday in its outlook for the region, which spans around 30 countries from Mauritania to Kazakhstan.
Indian banks are saddled with over $120 billion in bad debt, and in severely stressed conditions the bad-loan ratio could nearly double by March, according to Reserve Bank of India projections.
Moneyconrol's Shraddha Sharma brings you the key takeaways from the latest report released by the Society of Indian Automobile Manufacturers (SIAM).
Banking and insurance will be designated as 'strategic sectors', sources told Moneycontrol. Over the long run, the Centre will have only four PSUs in strategic sectors and exit the 'non-strategic sectors' completely
Nirmala Sitharaman held a virtual meeting with secretaries of coal and petroleum & natural gas, along with the chairman and managing directors (CMDs) of 14 CPSEs belonging to these ministries, an official statement said.
The world's biggest consumer of the sweetener is likely to produce 31MT of sugar in the new season, nearly 13 percent more than a year ago, the Indian Sugar Mills Association (ISMA) said in a statement.
China’s lead could widen further in the months to come. It has almost no local transmission of the virus now while the United States and Europe face another accelerating wave of cases
Presidents are powerful, but they don’t control the market. Was Barack Obama responsible for the fabulous 16 percent annualized market returns during his eight years in office?
Presently, microlenders can charge only upto 2.75 times of the base rate of five large commercial banks. But they borrow at 16-18 percent from NBFCs. This puts pressure on their margins.
“Having come half way through for amicable settlement on issue of who should borrow, centre now should take initiative to settle remaining issue: How much to borrow?” Isaac tweeted.
"In the last 6-7 months you might have seen the speed and the ambit of reforms are increasing. Whether it is agriculture, space, defence, aviation or labour. In every sector necessary changes are being made for growth," Modi said.
The micro, small and medium enterprises (MSME) Ministry this month has written to the top management of over 2,800 corporates by name to make payment of pending dues of MSMEs, an official statement said.
Nitin Gadkari called for "swadeshi" (indigenous) production and said imports need to end, while exports should increase.
Check latest fixed deposit interest rates offered by leading banks such as SBI, HDFC Bank, among others.
Sharad Pawar, who is on a tour of the Marathwada region to review the flood situation, told reporters in Osmanabad that a state government cannot do anything alone in a crisis of such magnitude.
To give a fillip to domestic manufacturing, the government must also think of ways to better support component manufacturing
That is because the next president will need a highly heterodox team to handle a very complex problem: how to bridge the historic divide between the fortunes of US companies and workers
Ignore the short-term market noise and stick with equities and other assets that will benefit from the secular forces driving the economy and the business cycle into the next presidential term and beyond
PwC predicts blockchain could add $1.76tn — or 1.4 per cent of global gross domestic product — to economic output over the next decade
For value investors, a bout of underperformance is nothing new. Many ruefully recall how dismally they did during the dotcom bubble, only to roar back when it burst
There have been some positive developments in a few companies, but that alone does not justify the sharp re-rating in multiples, says MD of Kotak Institutional Securities
The working paper also made a strong case for capital injection in state-owned banks, arguing that such a move would increase the credit flow to the real sector in addition to ensuing smoother transmission of monetary policy.
In FY2020, the share of paper clearing in total retail payments plunged to just 2.96 percent in terms of volume and to 20.08 percent in terms of value, the data showed.
Coal volumes at the 12 major ports declined for the sixth straight month in September 2020, as per the Indian Ports Association (IPA).
The former Union minister visited Kankarbawadi, Sastur villages in Osmanabad district of Marathwada region in the morning and interacted with farmers affected by the heavy rains that lashed parts of state over the past few days.