Worst seems to be over for Indian markets, GDP growth to rebound: Goldman Sachs

New Delhi (IANS) A Goldman Sachs report has said that the worst seems to be behind for Indian equity markets in terms of economic growth and the earnings trajectory. 

However, market volatility will likely remain high given global headwinds…

Canada's next PM Carney wants to 'rebuild' ties with India after Trudeau's exit

Ottawa (IANS) Mark Carney, a leading economist and former Governor of the Bank of Canada who has been chosen by Canada's Liberal Party as Justin Trudeau's replacement, had pledged to "rebuild" the strained ties with India during his recent…

GST rates to be reduced further, rationalisation on the cards: FM Sitharaman

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman has said that Goods and Services Tax (GST) rates will be reduced further as the process of rationalising tax slabs is nearing completion. 

FM Sitharaman mentioned that the revenue neutral…

Cooling inflation reinforces case for potential RBI rate cuts: Report

New Delhi (IANS) India’s inflation fell to 4.31 per cent in January from 5.22 per cent, approaching the RBI’s 4 per cent target after four months above 5 per cent and this trend reinforces the case for potential rate cuts, with the repo rate at 6.25…

India’s digital economy grows 10 times, races towards $1 trillion mark

Bengaluru (IANS) India’s digital economy has grown 10 times, racing towards the $1 trillion mark amid an evolving IPO market which accounted for over 30 per cent of global listings last year, a report showed on Friday. 

India contributed 31…

Safeguard duties would boost margins of Indian steel firms: Nomura

Mumbai (IANS) Any steps to safeguard India’s steel industry would boost prices and increase the margins of domestic manufacturers, Nomura Research said in a report on Friday as the domestic industry has urged the government to clamp down on the flow…

RBI’s move to inject Rs 1.9 lakh crore liquidity seen as positive for banks

 Mumbai (IANS) The RBI’s move to inject Rs 1.9 lakh crore has come as a big positive for banks, which is reflected in the rise in the stock prices of both private and public sector banks, as well as Non-Banking Financial Companies (NBFCs) on Thursday.

Reliance Retail slashing jobs, tightening operations before public debut: Report

Mumbai/New Delhi (IANS) Concerned over its sales slowing down, Reliance Retail Ventures Ltd (RRVL) is reportedly slashing jobs - along with other cost-cutting measures - before making its stock market debut. 

The expansion of Reliance Retail…

India’s engineering exports to US touch $1.62 billion in Jan but tariff wall looms ahead

New Delhi (IANS) India's engineering goods exports have recorded robust growth in January this year despite uncertainties in the global markets, with the United States being the top destination. 

The country’s engineering goods exports…

BEL bags more defence orders worth Rs 577 crore

Bengaluru (IANS) Bharat Electronics Limited (BEL) has secured additional orders worth Rs 577 crore since the last disclosure on February 20 this year, the Navratna defence public sector undertaking said on Thursday. 

Major orders include airborne…