There has always been a lag of 2-3 months between tendering and order finalisation. So, a cascading effect of the declining trend is unavoidable at least for a quarter or so.
Perceptions about future economic prospects will determine responses to the revival measures.
A slowing economy and the crisis in the NBFC sector are risks.
In this episode of Editor’s Take, Sakshi Batra gets in conversation with Gaurav Choudhury to find out how the slowdown 2019 is different from the financial crisis of 2008.
Bets that the central bank would cut rates to preserve a decade-long U.S. expansion helped the S&P 500 and the Dow Jones indexes post their best June performance in decades.
A look at top cues from the domestic and international markets that could have a bearing on D-Street today.
Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by demonetisation in India and an economic slowdown in Brazil.
China plans to invest USD 723. 8 billion in the next three years to improve its well laid out infrastructure as part of efforts to halt the slowdown of the world's second largest economy.
Gold demand in China, which overtook India two years ago to become the world's biggest consumer of the yellow metal, declined by 12 percent during the first quarter of this year to 241.3 tonnes, a report said.
Transactions by underground banks topped 1 trillion yuan last year and police, the central bank and SAFE uncovered one case involving transactions totalling USD 64 billion.
Regional growth is forecast to slow from 6.5 percent in 2015 to 6.3 percent this year and 6.2 percent in 2017 and 2018, the bank said in its latest outlook.
The Ambit Capital's Ke-qiang Index comprising 'real' economy indicators for October-December points to weak economic momentum. India's Ke-qiang Index (IKI) was first launched on September 29, 2015.
"The PMI data is completely the wrong metric to look at," DBS CEO Piyush Gupta told his bank's private banking clients on Wednesday. "Frankly, I think it's an inconsequential piece of information."
"India continues to remain relatively one of the best markets to invest in and has one of the best macros," says Ajay Bagga. He advises investors to invest in themes such as consumption, private sector banks with large retail portfolios, auto, IT, pharma and FMCG, among others
According to last year's official report, China had about 185 million people above the age of 60, or 13.7 percent of the population and the numbers were expected to surge to 221 million this year, including 51 million "empty nesters" or elderly people whose children no longer live with them.
Foreign investors have pulled out nearly Rs 7,000 crore from the capital markets in about two weeks mainly on account of a combination of global and domestic issues.
China's economic slowdown, which recently sparked a global stock market selloff, has increased the odds any rebound in Japanese growth in July-September will be modest.
Plan of Rashtriya Ispat Nigam Ltd (RINL) for expansion of its steel capacity by up to 20 MT has been hit due to lack of raw material security.
India's steel consumption grew by just 1.4 per cent during the April-December period of current fiscal at 55.24 million tonnes, impacted by economic slowdown.
According to Keki Mistry of HDFC, though inflation is low, RBI will wait for the Budget â€“ see the fiscal deficit number and the Budget fineprint â€“ before lowering rates. Lower rates, in turn, may lead to a pick up in housing loan demand in metros, he adds.
MS Unnikrishnan feels the new government should bring policy-conducive environment to ease land acquisition. There‘s a need to cut down on the number of clearances for projects and interest rates should be lowered to prop up the investment climate.
Regus Global Research findings suggest there is a massive shift towards flexible working hours. Around 80 percent of companies worldwide polled stated that flexible working policies have attracted employees and is a good tool to prevent high attrition.
"The global economy has calibrated down about 1-1.5 percent and we probably should've done a better job seeing it coming," said Unilever Chief Executive Officer Paul Polman in a presentation in London that was broadcast over the internet.
Grant Thornton's Raja Lahiri elaborates on their report on Indian mergers and acquisitions market. Inbound activity took a beating on the back of the economic slowdown, he says.
Reflecting economic slowdown, listed non-financial private companies on an average posted a decline of 10.9 percent in net profit in the first quarter of the current fiscal, says a report by the Reserve Bank.