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  • Indian economy to contract first time in more than 4 decades: Moody's May 22, 2020 12:50 PM IST

    Indian economy to contract first time in more than 4 decades: Moody's

    Indian economy already was growing at its slowest pace in six years even before the coronavirus outbreak and the announcement of government stimulus measures falling short of expectations, the disruptions may be more.

  • CPCL to raise Rs 1,000 crore through bonds issue in FY21 May 22, 2020 09:45 AM IST

    CPCL to raise Rs 1,000 crore through bonds issue in FY21

    The board of directors of Chennai Petroleum Corp Ltd (CPCL) have approved raising "funds through domestic bonds up to Rs 1,000 crore during the FY 2020-21 through private placement, towards balancing the short term/long term (borrowing) mix," the firm said in a regulatory filing.

  • Govt's stimulus package won't stop GDP from contracting in FY21: Analysts May 18, 2020 12:53 PM IST

    Govt's stimulus package won't stop GDP from contracting in FY21: Analysts

    The analysts at Bank of America (BofA) and Nomura maintained their earlier GDP estimates suggesting a contraction of 0.1 per cent and 5 per cent, respectively, for FY21 even after the announcement of the Rs 20 lakh crore economic package.

  • RBI governor Shaktikanta Das says 'very challenging' to meet FY21 fiscal deficit target Apr 27, 2020 03:02 PM IST

    RBI governor Shaktikanta Das says 'very challenging' to meet FY21 fiscal deficit target

    India has spent more than a month in a nationwide lockdown, with its industries shut, to stem the coronavirus pandemic that has caused 26,496 infections and 824 deaths, among 2.97 million cases worldwide.

  • World Bank sees FY21 India growth at 1.5-2.85% - slowest since economic reforms three decades back Apr 13, 2020 07:45 AM IST

    World Bank sees FY21 India growth at 1.5-2.85% - slowest since economic reforms three decades back

    India's economy is expected to grow 1.5 percent to 2.8 percent in the 2020-21 fiscal which started on April 1, the World Bank said in its South Asia Economic Focus report.

  • Fitch Solutions cuts India GDP growth forecast to 4.6% for FY21 Mar 30, 2020 02:43 PM IST

    Fitch Solutions cuts India GDP growth forecast to 4.6% for FY21

    The growth estimate for 2020-21 fiscal (April 2020 to March 2021) compares with a 4.9 per cent forecast in the current 2019-20 that ends on Tuesday.

  • Lok Sabha approves Budget of over Rs 1 lakh cr for J&K for FY21 Mar 19, 2020 08:10 AM IST

    Lok Sabha approves Budget of over Rs 1 lakh cr for J&K for FY21

    Since the bifurcation (October 31), as many as 45 lakh beneficiaries have got Rs 1,705 crore disbursed through direct benefit transfers to their accounts directly during this financial year, Finance Minister Nirmala Sitharaman said in reply to the debate on Budget for Jammu and Kashmir and Ladakh.

  • RBI may cut key interest rates by 175 bps in FY21: Fitch Solutions Mar 18, 2020 10:52 AM IST

    RBI may cut key interest rates by 175 bps in FY21: Fitch Solutions

    This would take the policy repurchase (repo) rate to 3.40 percent and 3.00 percent, respectively, from 5.15 percent and 4.75 percent at present.

  • UBS cuts India GDP growth forecast to 5.1% for FY21 Mar 13, 2020 08:29 AM IST

    UBS cuts India GDP growth forecast to 5.1% for FY21

    The GDP growth is set to slip to a decadal low of 5 percent for FY20 as per official estimates and hopes of a revival are being pinned on the next fiscal.

  • Exim Bank to raise up to $3 bn from overseas borrowings in FY21 Jan 16, 2020 01:30 PM IST

    Exim Bank to raise up to $3 bn from overseas borrowings in FY21

    The bank has raised USD 1.7 billion (about Rs 11,900 crore) of overseas borrowing through bond issuances and foreign loans in current financial year.

  • Q2 GDP growth rate at 6-year low, but recovery possible by FY21; 10 economy-related stocks to bet on Dec 04, 2019 10:34 AM IST

    Q2 GDP growth rate at 6-year low, but recovery possible by FY21; 10 economy-related stocks to bet on

    Experts are of the view that amid a slowdown in growth, the central bank could well cut rates by 25-50 bps in December meeting to support growth in Asia’s third-largest economy.

  • Milkbasket bets on new service to strengthen bottomline, eyes profits in FY21 Dec 03, 2019 12:45 PM IST

    Milkbasket bets on new service to strengthen bottomline, eyes profits in FY21

    Milkbasket, which already offers delivery of over 9,000 products across FMCG, dairy, fruits and vegetables categories, currently has an average revenue run rate (ARR) of about USD 50 million.

  • IMF slashes India's FY20 growth outlook by 90 bps to 6.1% Oct 15, 2019 06:53 PM IST

    IMF slashes India's FY20 growth outlook by 90 bps to 6.1%

    The downward revision in India's growth forecast by the IMF reflects a weaker-than-expected outlook for domestic demand.

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