'Covid 2.0 brought India back to square one', Crisil cuts growth forecast

New Delhi (IANS) With the second wave of the Covid-19 pandemic crippling economic activities across the country, Crisil Research has lowered India's growth forecast in line with the other agencies, stating that the second wave has brought the…

Indian Public Cloud market to reach $9.5B by 2025

New Delhi (IANS) The Indian Public Cloud services market revenue reached $3.6 billion for 2020 and is set to reach $9.5 billion by 2025, grow at a CAGR of 21.5 per cent, according to a new IDC report.

For the second half of 2020, the Indian…

India's auto demand to recover despite Covid second wave: Fitch

Mumbai (IANS) A less severe economic impact from the pandemic's second wave and resilient buyer sentiment will support a swift rebound in India's automotive demand after curbs are eased, said Fitch Ratings.

This should drive double-digit…

As India's forex reserves cross $600B, liquidity gush to fuel equities

New Delhi (IANS) As Indias forex reserves cross the $600 billion-mark, there are indications that the ample liquidity, both globally and in the domestic space will continue to drive the Indian stock markets.

"The success of these efforts is…

Tapering Covid: RBI retains rates accommodative stance

Mumbai (IANS) The Reserve Bank of India has retained its key short-term lending rates along with the growth-oriented accommodative stance during the second monetary policy review of FY22.

Accordingly, the Monetary Policy Committee (MPC) of…

RBI cuts growth forecast for FY22 to 9.5%

Mumbai (IANS) The Reserve Bank of India (RBI) has lowered its growth projection for the current financial year to 9.5 per cent from the previous estimate of 10.5 per cent.

Amid the severe second wave of Covid-19 and the lockdowns across states,…

Nifty record run continues, Sensex cross 52K

Mumbai (IANS) The Nifty50 on the National Stock Exchange continued to hit new highs and touched a fresh record high of 15,693.15 points on Thursday morning.

The Indian stock market traded in tandem with its Asian peers.

Around 10.30…

Sensex, Nifty settle at record closing highs

Mumbai (IANS) The key Indian equity indices surged to end at record closing highs on Thursday tracking a bullish trend in the global markets.

Decline in the daily cases of Covid-19 and strengthening of the Indian rupee supported the market…

Sensex down 300 points, banking stocks fall

Mumbai (IANS) The key Indian equity indices declined on Wednesday morning with the BSE Sensex losing over 300 points.

Heavy selling pressure was witnessed in banking, finance and IT stocks.

Decline in the index heavyweights Infosys and…

Nestle document says 60% of its food portfolio is unhealthy: Report

New Delhi (IANS) The worlds largest food company, Nestle, has acknowledged that more than 60 per cent of its mainstream food and drinks products do not meet a "recognised definition of health" and that "some of our categories and products will never…