Indian Economy

12% and 18% GST slab rates likely to be merged; Rs 95,000 cr revenue collected in October

But the government will reserve the 28 percent rate for demerit goods like cigarettes.<p>The government is likely to merge the 12 percent and 18 percent …

Economy

Bank NPA trend in 7 charts: Bad loans at state-run banks may be peaking; select private peers see rise

Indian banks' gross non-performing assets (NPAs) or bad loans stood at Rs 8.40 lakh crore as on 30 September 2017. On quarter, the pile has grown …

India

Jenet Yellen says she’ll leave Fed once Jerome Powell sworn in as chair

Jenet Yellen served as vice chair of the board of governors from 2010 to 2014 before becoming chair. Photo: Bloomberg<p><b>Washington:</b> US Federal Reserve …

Economy

With Modi in the driver’s seat, India’s economy is set to speed ahead

International commentators have asked the government of India to make major economic reforms for years. We said it would be like The Field of Dreams: …

India

Rating rally ends in the bond market

After two days of super rally in the domestic bond market the dealers are on a consolidation mode today. Dealers with public sector banks say now …

Economy

When Billionaire Brothers' Bonds Decouple - Bloomberg Gadfly

Two billionaire brothers, two bonds, two very different fates. This isn't the plot of yet another sequel to Jeffrey Archer's Kane and Abel, though it …

Business

Weak pay suggests UK can grow without pushing up inflation - BoE's Ramsden | Reuters

LONDON (Reuters) - Brexit uncertainty may have made British workers more cautious about their pay demands, which suggests that the economy has more …

Economy

The Modi magic behind India’s unstoppable rally

in New Delhi<p>It was difficult to tell who was more delighted by Moody’s decision to upgrade India’s sovereign rating to on Friday: the government in …

Economy

Jaitley’s fiscal math will be tested by oil-price rally

Will play safe, stick to fiscal consolidation roadmap, say experts

Economy

India’s journey from Fragile Five to favoured investment destination

Moody’s Investor Services’s has upgraded India’s credit ratings to Baa2 from Baa3 and changed its India outlook to ‘positive’ from ‘neutral’, a first …

Economy

Reliance Industries raises $800 million via 10-year bonds at lowest rate

<b>New Delhi:</b> Reliance Industries on Tuesday said it has raised $800 million by selling 10-year bonds - the first offering since Moody's raised India's …

Economy

GST rate revision: CBEC asks consumer goods companies to immediately revise MRP on products

<b>New Delhi</b>: The Central Board of Excise and Customs (CBEC) Chairperson Vanaja Sarna has written to Fast-Moving Consumer Goods (FMCG) companies asking …

Economy

India can return to 8.5% growth rate: Arvind Subramanian

Chief economic adviser Arvind Subramanian says tackling challenges posed by weak demand and bad loans crisis at banks key to boosting the Indian …

Business (India)

Asia stocks supported by global growth optimism, dollar strong | Reuters

TOKYO (Reuters) - Asian stocks edged higher on Tuesday as investors took heart from further evidence of strength in the global economy, while the …

Economy

India's Mahindra opens Detroit plant to build off-road vehicles

Indian conglomerate Mahindra Group is opening an automotive manufacturing facility near Detroit.<p>Mahindra says it will make an off-road vehicle at the 400,000-square-foot plant in Auburn Hills.<p>Mumbai-based Mahindra is India's largest SUV maker, but it doesn't yet sell cars or SUVs in the U.S., where …

Business

Does India deserve latest bout of hype? Yes and no

For Prime Minister Narendra Modi and his officials, this is the third validation from a global agency they’ve received in recent weeks. Photo: Reuters<p>…

Economy

India’s biggest banks are piling on the losses, and investors are loving it

The Indian banking sector is in a curious situation: Some of the country’s biggest banks are reporting losses, yet stock markets are rewarding them.<p>The State Bank of India (SBI), India’s largest lender, reported a 38% decline in its net profit in the July-September quarter of financial year 2018. …

Economy

From Moody’s to OECD, global agencies hail Narendra Modi's reform drive; but all is not well with economy

<b>Mumbai:</b> For over past few months, it’s been raining good news for the Narendra Modi government ahead of crucial state assembly elections. The latest …

India

Sensex little changed; PSU banks down

REUTERS - Indian shares were largely unchanged in lacklustre trading on Monday following heavy gains on Friday, after Moody's Investors Service upgraded the country's sovereign credit rating.<p>The broader NSE Nifty was nearly flat at 10288.85 at 0624 GMT, while the benchmark BSE Sensex was up 0.05 …

Markets

Euro slides after German coalition talks break down

By: Reuters | Singapore |<p>The euro’s retreat helped support the dollar against a basket of six major currencies. (File/Photo)<p>The euro hit a two-month …

Economy

Washing machines, refrigerators set to become cheaper as govt likely to slash GST rates on white goods

Home appliances like washing machines, refigerators, air conditiners among other items are set to become cheaper as the government is reportedly …

Business (India)

Moody's India Upgrade Seen Boosting Modi Amid Growth Slowdown

India’s longer-term financial health received a vote of confidence at a time when the government’s economic policies are facing criticism and growth …

Economy

Traders Cheer RBI Canceling Sale More Than Moody's India Upgrade

Bond traders in India seem happier by the central bank’s decision to cancel its sale of bonds than with Friday’s upgrade of the nation’s credit …

Economy

Moody's upgrade may see bulls returning in droves

Last week, Indian markets were sluggish facing selling pressure on rising inflation and rising bond yield. Nifty touched a low of 10094 but made a …

Economy

Moody’s raised India’s rating based mainly on UPA government’s work, says Chidambaram

By: PTI | Jaipur |<p>Senior Congress leader P Chidambaram. (File Photo)<p>Former Union finance minister P Chidambaram on Sunday claimed that US credit …

Economy

Bond yields fall after RBI cancels open market sale of debt

The Reserve Bank of India (RBI) said on Friday it was withdrawing the OMO sale that was scheduled for 23 November. Photo: Aniruddha</b> …

Economy

‘GST revenues will stabilise in the next 4-5 months’

There will be more rate rationalisation after tax collections increase, says Sushil Modi, Bihar Deputy Chief Minister

Business (India)

RBI measures may push down yields to 6.75%

Indian market participants, for once, chose to ignore global market cues and rejoice the sovereign ratings upgrade of India by one notch to Baa2 by …

Economy

Rupee trades marginally lower against US dollar

The 10-year bond yield was at 6.97%, down 8 basis points, its steepest fall since 16 May, compared to its previous close of 7.017%. Photo: Hemant …

Markets

Markets open on colourless note over weak Asian cues

Key indices on Monday opened on colourless note amid weak Asian cues.<p>At 9:53 AM, Sensex was trading 24.53 points at 33,369.61 and the 50-share NSE …

Markets