Oil hits three-month highs as strong US consumer spending underpins growth hopes; Brent price jumps more than a quarter in 2019
US consumers are “showing few signs of tightening their purse strings, which is positive for oil also,” said Stephen Innes chief Asia market strategist at AxiTrader.
Industrial production declines by 3.8% in October on poor performance by power, capital goods, consumer durables sectors
Industrial production shrank by 3.8 percent in October, mainly due to poor performance by power, capital goods, consumer durables sectors, according to official data released on Thursday
Industrial production contracts at fastest pace in over seven years at 4.3% in September; consumer durables, non-durables register negative growth
The power generation sector output dipped 2.6 percent in September, compared to 8.2 percent growth in the year-ago period.
Moody's message to Narendra Modi govt: Focus on land and labour reforms, regain trust of private investors
Moody's has acknowledged the measures the government has announced so far to boost the economy but has cautioned that these steps may not be enough to reverse the course of the slowdown.
India’s unemployment rate in October rose to 8.5 percent, the highest since August 2016, and up from 7.2 percent in September, according to data released by the Centre for Monitoring Indian Economy (CMIE)on Friday
August IIP contracts by 1.1%, lowest in seven years on dismal performance of manufacturing, capital and consumer goods
Industrial output shrank at its lowest rate in more than six years in August, reflecting the impact of an economic slowdown that could prompt the central bank to cut its key policy rate for the sixth time in December
China's economy shows further signs of strain in July, industrial output hits 17-year low; investment, retail sales fall
The news highlights the battle China's leaders have in trying to navigate the country's economy from exports and government investment to one driven by domestic consumption.
Asian stocks cheer Donald Trump's delay of some China tariffs; but unrest in Hong Kong continues to keep investors on edge
Kenta Inoue, senior market economist at Mitsubishi UFJ Morgan Stanley Securities, pointed out that Trump’s tariff delay came just as US stocks were stalling.
Next govt may rely on RBI rate cuts to spur growth; revenue unlikely to meet target this year, borrowings to rise
While the RBI is likely to be open to more policy easing, provided inflation does not surge, their impact on economic activity may be limited, given debts burdening India’s state banking sector.
China's first quarter growth unexpectedly steadies, but too early to call clear recovery, say analysts
China’s economy grew at a steady 6.4% pace in the first quarter from a year earlier, defying expectations for a further slowdown
FICCI president Sandip Somany says Arun Jaitley has promised to lower corporate tax as GST mop-up rises
The government has promised to lower corporate tax rate to 25 percent for all companies once Goods and Services Tax (GST) mop-up improves, Ficci President Sandip Somany said on Tuesday
MSMEs account for over $55 billion of lending currently, there is still a huge gap that can be addressed by financial institutions in the near term
Rupee gains 26 paise against US dollar in opening trade after retail inflation falls to 19-month low
The rupee had gained 48 paise to end at a one-month high of 70.70 against the US dollar on Tuesday, registering its sixth straight session of gain.
On Friday, the rupee had weakened by 8 paise to close at 70.49 against the US dollar.
India's GDP growth story intact despite challenges, economy to grow at 7.5% this fiscal: Industry body FICCI
FICCI termed the slowing down of the industrial output in May to 3.2 percent and the inching up of the retail inflation in June to 5 percent as short-term challenges
Industrial growth slips to 7-month low of 3.2% in May on sluggish performance of manufacturing and power sectors
Factory output growth measured in terms of the Index of Industrial Production (IIP) was revised down to 4.8 percent in April from previous estimates of 4.9 percent
The BSE Sensex rose 47 points on Wednesday to close at 35,739.16 in see-saw trade, led by gains in software exporters and healthcare stocks
The BSE Sensex rose about 21 points to close at 35,556.71 on Monday after early gains were undone by a sell-off by participants ahead of the outcome of Karnataka assembly elections
Maintaining high growth for a fourth month in a row, industrial production grew in February 2018, from a year-ago. But, February's IIP print was a tad lower than January 2018's growth rate.