Ratings agency Standard & Poor's does not expect an upgrade to India's sovereign debt rating in the next year in the absence of substantial, quality reforms, it said on Monday, days after the government's budget slowed the pace of fiscal consolidation.
Wealth accumulated by the richest 1% will exceed that of the other 99% in 2016, the Oxfam charity said on Monday, ahead of the annual meeting of the world's most powerful at Davos, Switzerland.
Indian economy is likely to expand by 6.4 percent this year, driving the economic growth in South Asia, according to a United Nations
In an interesting report, analysts at Motilal Oswal have put together the impact of Infosys’ cash policy on key financial metrics, such as return on equity, which play an important role in impacting shareholder value.
The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points (bps) but said that if consumer price inflation eases as projected, it does not foresee further near-term tightening.
Estimating that the year 2014-15 will be a year of 'fragile recovery', ratings and analytics major Crisil has said India's GDP growth for FY15 could touch the psychologically significant 6 percent, given some key conditions being fulfilled.<br /><br />
India is likely to clock an economic growth rate of 4.6 percent this financial year and the expansion may improve to 5.4 percent in 2014-15, the International Monetary Fund said on Tuesday.
In an interview to CNBC-TV18, Prabhat Awasthi, Head-Equity Research & MD, Nomura said that elections will be a wild card for India this year.
India's inflation rate will probably ease in December from stubbornly high levels helped by waning food prices, a Reuters poll showed, providing some respite to the Reserve Bank of India struggling with cost pressures and slow growth.
It may rain jobs in the new year as companies are gearing up to add over 8 lakh new employees to their payrolls and dole out salary hikes of up to 20 percent to best performers in 2014, say experts.
Regardless of the reasons behind the executives' exits, a lot of analysts are now more confident about Infosys and the direction its business has taken since Murthy's return. The company has undertaken a clear shift in direction where it has been focusing on higher-margin businesses, a strategy that rival TCS that has successfully implemented.<br /><br />
The partially convertible rupee was trading at 61.81/82 per dollar versus its previous close of 62.01/02. The benchmark BSE Sensex was up 1.1 percent, while the Nifty rose 1.2 percent.
The wholesale price index's annual rise compared with a 7 percent jump forecast by economists in a Reuters poll. In October, wholesale prices, India's main inflation measure, rose 7 percent. Here are some reactions.
The markets' reaction to the election results is not an over-reaction as it is in line with the overall environment that is getting created in the country because of the political developments in the country, Sachin Shah, fund manager, Emkay Investment Managers Ltd, told Firspost in an interview recorded just after exit poll results.<br /><br />
In order to achieve this, regulators will have to take steps to deepen the bond market and develop innovative credit enhancement mechanisms for infrastructure projects.<br /><br />
SpiceJet posted its highest ever quarterly loss in September at Rs 559 crore due to escalating costs, currency weakness and passenger slowdown. It has in the past been engaged in talks with several potential investors, including foreign airlines, but no funding has materialised from these efforts so far.
International rating agency Moody's today maintained its negative outlook on the country's banking sector, citing worries over asset quality and overall economic growth prospects.