OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic; cut unprecedented deal
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic; unprecedented deal made with oil producing nations
Coronavirus pandemic: UBS cuts India's FY21 real GDP growth forecast to 4% from 5.1% estimated earlier
The coronavirus pandemic and the resulting lockdowns on Monday led a foreign brokerage to sharply cut India's growth forecast for the next financial year starting 1 April, to 4 percent from the 5.1 percent estimated earlier
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
The prime property has been referred to as the “high-class home for Vijay Mallya, his family members and United Breweries Group corporate guests"
DLF launched its qualified institutional placement (QIP) offering up to 17.3 crore shares to investors
UBS sees RBI getting into aggressive easing mode in FY20 as inflation likely to remain under 4% till October
Headline CPI inflation is likely to remain below 4 per cent until October and averages at 3.8 percent in FY20, a UBS report said
Reliance Industries evolving from integrated energy company into consumer giant, can become India's Alibaba: UBS
While Amazon's strong 'Prime' membership growth has been a key pillar of its business, Reliance has similarly built a strong telecom subscriber base
Troubles mount for Vijay Mallya: After extradition setback, liquor baron set to face bankruptcy proceedings in UK High Court
Vijay Mallya remains on bail after his extradition was recently ordered by Westminster Magistrates' Court in London, an order which now awaits a sign-off by UK home secretary Sajid Javid.
UBS sees sharp dip in GDP print in second half of fiscal; full-year growth at 7.3% against 7.5% earlier
The lower forecast follows similar moves by other analysts, including those at the global rating agency Moody's, which also expects GDP growth to come at 7.3 percent.
Rupee may touch 76 levels against dollar in next 3 months with global crude prices remaining elevated: UBS
Rupee has already crossed the 74 mark owing to the continued strengthening of the dollar, lack of foreign flows and higher crude oil prices.
Rupee to hit 73 by March 2019; fiscal deficit to reach 6.5% in FY19 on shortfalls in GST collection and divestments: UBS
A country's external balances are one of the key factors influencing the currency and weakness in it has led to a 12 percent depreciation in the rupee till now, it said
India's economic growth to slow in second half of current fiscal on tighter financial conditions, high oil prices: UBS
UBS expects real GDP growth to slow to 7-7.3 percent in the second half of this fiscal from 8.2 percent in June 2018 quarter
According to UBS, India's macro stability still gets impacted by oil and currency, but "structurally, India is nowhere near the 2013 fragility scenario
The Swiss National Bank (SNB) further said its figures include the "data from branches of Swiss banks in India" and therefore the locational banking statistics (LBS) compiled by the Bank for International Settlements (BIS), a global central banking body, would be more reliable.
The rupee is expected to strengthen, and by the end of this financial year rupee is likely to be near 66, and by end-2019-20 at around 66.5.
Cobalt, used in rechargeable batteries in electric vehicles might see a crunch in supplies by the early-to-mid 2020s, say miners and analysts
China sets GDP target at around 6.5% in 2018, will be able to create 11 mn new urban jobs, says report
China aims to maintain inflation level at around 3 percent and create over 11 million new urban jobs, reports Xinhua news agency.
With Apple's Q1 2018 financial results revealing dwindling with year on year iPhone sales, the focus on services may have already begun, say analysts.
The global cryptocurrency market is worth $245 billion which is tiny compared to the trillion dollar plus balance sheets of the Bank of Japan, the US Federal Reserve or the ECB.
Blockchain works as a tamper-proof shared ledger that can automatically process and settle transactions using computer algorithms, with no need for third-party verification.