UBS cuts India GDP growth forecast to 5.1% for FY21 on fears around coronavirus outbreak, weak domestic credit growth
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
Tata Motors Q2 net loss at Rs 188 cr on dip in demand for company's vehicles in domestic market; JLR returns to profitability
On standalone basis, Tata Motors said its net loss for the quarter was at Rs 1,281.97 crore as against a profit of Rs 109.14 crore in the year-ago period.
Diamond sales are outgrowing gold sales this Dhanteras
With consumer confidence at six-year low, government has few excuses left not to go in for a personal tax cut
Consumer confidence trend has been assessed through the current situation index (CSI) and the future expectations index (FEI)—both recorded a decline in September.
Consumer confidence dips to 6-year low in September, reveals RBI survey; people less confident about income, jobs
Both the current situation index and the future expectations index recorded declines, the RBI said in its consumer sentiment survey report
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Oil drops as volatile markets, supply surge unsettle investors; US crude production at record high in 2018
The slowdown in China and turmoil in stock and currency markets is making investors nervous, including in oil markets.
Consumer sentiment in India moderated in August, as rise in interest rates, appears to have dented optimism in the housing market and also had a negative impact on personal finances, says a report.
Indian consumer sentiment hit record high in July as respondents were bullish about future prospects: Report
The GICI (Genesis India Consumer Indicator) - a monthly indicator tracking consumer sentiment pan India across personal finances, business conditions and buying conditions - rose to 62.44 in July from 60.00 in June, marking a new record high in the series.
People aren't optimistic about current economic conditions or the employment situation nationwide, shows RBI's survey
RBI survey also shows that while households remain pessimistic about the current employment situation, their sentiments are marginally better for the future.
Headline GVA growth, however, is likely to trail the 6.8 percent recorded in the second quarter of FY17.
Diwali shopping: Has festival of lights boosted sales? Yes, say modern retailers; dampener, say small traders
While modern retail says that there have been a 12-14 percent increase in sales, there are many who insist that the numbers are nowhere near 2016 figures and vouch for a sharp 40 percent decline.
Analysts said that consumption is likely to slow down in March due to demonetisation and high base last year
The augmentation of the revenue base is likely to be directed toward infra and social spending; any major reduction in corporate tax rate would be accompanied by lowering of exemptions
Brent futures for February delivery rose 5 percent to $56.94 per barrel, with U.S. crude spiking a similar amount to $54.07 per barrel in early Asian trade before trimming gains
Business conditions in one year rose for a second month and that for five years rose to the highest level since September 2015
The MNI India Consumer Sentiment Indicator witnessed an uptick to 119.1 in August from 118.6 in July, marking the first improvement in four months.