Rupee rises by 5 paise to close at 75.46; Rs 20-lakh cr economic stimulus package bolsters investor sentiment
The rupee appreciated by 5 paise to 75.46 against the US dollar on Wednesday as a fiscal stimulus by the government bolstered investor sentiment
Rupee rises 21 paise to 75.30 in early trade; Narendra Modi's Rs 20-lakh cr economic stimulus package enthuses investors
The rupee appreciated 21 paise to 75.30 against the US dollar in early trade on Wednesday as Prime Minister Narendra Modi's Rs 20 lakh crore economic stimulus package enthused investors
A second stimulus package India is poised to announce in coming days will be worth around Rs 1 lakh crore ($13 billion) and focus on help for small and medium businesses weathering the coronavirus outbreak, two senior officials said on Wednesday
Oil rockets nearly 20% as investors hail coronavirus stimulus spending; relief rally may be short-lived, warn analysts
Oil prices were stoked by economic stimulus efforts to ward off a global coronavirus recession.
Narendra Modi govt thrives on popularity in polls, but grim reality on roti-kapda-makaan provides stark contrast
Poll on poll indicates that the Narendra Modi government still remains the most popular government of the day, yet poised to win a Lok Sabha election if it may come.
GDP growth at six-year low: Case of quacks turning into surgeons, says Congress; DMK asks BJP to address 'real issues'
Congress asked on Twitter if the GDP growth of 5 percent was even accurate, while its spokesperson Sanjay Jha claimed that the real GDP was at 3 percent or maybe even lower.
Nirmala Sitharaman Press Conference LIVE Updates: Number of PSBs declines to 12 from 27 after consolidation: Finance Minister
Finance Minister Nirmala Sitharaman is holding a meeting with the heads of the public sector banks (PSBs) today. It is expected that there will be a major announcement on the merger plan of the PSBs.
FM Nirmala Sitharaman to address press conference at 4 pm today; likely to announce major plan for merger of PSU banks
In the previous term of the Modi government, five associate banks and Bharatiya Mahila Bank were merged with State Bank of India.
Govt unlikely to announce any economic stimulus before Monday, meetings planned to discuss package: Report
The Australia and New Zealand Banking Group (ANZ) slashed its forecast for India’s economic growth to 6.2 percent in the financial year ending next March from a previous estimate of 6.5 percent,
The government has only four months of indirect tax collection data to base its revenue estimates and growth projections for the budget scheduled on 1 February, 2018
Rs 2.11 lakh cr bank recapitalisation: Business stresses in Gujarat spurred Narendra Modi's huge funding plan
The reason why Narendra Modi pushed for a huge bank recapitalisation now was the growing evidence of stress among small and medium sized businesses in Gujarat, his core constituency
Sentiment was further subdued as US and European stocks were knocked lower on Wednesday due to earnings concerns
How can a stimulus package be devised when govt revenues have been slow to catch-up and RBI rate cuts have not had desired impact?
In announcing the widely expected decision, Fed officials nodded to weaker economic prospects due in part to a fiscal fight in Washington that shuttered much of the government for 16 days earlier this month.
Asian markets are reeling on Friday morning from the aftereffects of Ben Bernanke's signalling of a winding-down of the US monetary stimulus that had driven equity markets to record highs.