Search For "economic growth"
Corporate tax reduction is credit positive for companies, but increases go
Updated : 6 years, 5 months ago IST
Mumbai (Maharashtra) [India], Sep 21 (ANI): The government's decision to reduce the base corporate tax rate to 22 per cent from 30 per cent as part of stimulus measures to revive slowing economic growth is credit positive for companies because it will enable them to generate higher post-t
Read More
Beat the effects of economic slowdown by Investing in a Bajaj Finance Fixe
Updated : 6 years, 5 months ago IST
Pune (Maharashtra) [India] Sept 17 (ANI/BusinessWire India): The Indian Market has been going through a challenging phase as a result of slowdown in economic growth, higher tax impact on foreign institutional investors, the shutdown of major factories resulting in layoffs and hiring freeze.
Read More
Equity indices largely flat, PSU banks slide but IT and autos gain
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 13 (ANI): Equity benchmark indices dithered during early hours on Friday in the absence of a fresh stimulus package to reverse the slowdown in economic growth despite global liquidity seeing strength in stocks.
Read More
India's economic growth is 'much weaker' than expected: IMF
Updated : 6 years, 6 months ago IST
Washington [US], Sept 13 (ANI): International Monetary Fund (IMF) on Thursday said that India's economic growth is "much weaker" than expected due to corporate and environmental regulatory uncertainty and "lingering weakness" in some non-Bank financial companies.
Read More
Slowing economic growth is credit negative for Indian auto ABS: Moody's
Updated : 6 years, 6 months ago IST
Singapore, Sept 9 (ANI): The slowdown in the Indian economy is credit negative for auto asset-backed securities (ABS) backed by commercial vehicle loans because the performance of such loans is highly correlated to economic conditions, according to Moody's Analytics credit outlook report rel
Read More
FPI flows to remain under pressure despite surcharge rollback: Ind-Ra
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sept 5 (ANI): India Ratings and Research (Ind-Ra) expects headwinds to foreign portfolio investment (FPI) flows into India to continue over the near-to-medium term despite the accommodative global monetary policy stance and the government's efforts to alleviate
Read More
Growth of services activity, sales and jobs soften in August: IHS Markit
Updated : 6 years, 6 months ago IST
New Delhi [India], Sep 4 (ANI): Business conditions in the Indian service sector remained conducive to economic growth in August with PMI data highlighting sustained increases in activity, sales and employment, according to IHS Markit India Services Purchasing Managers' Index (PMI) released
Read More
All round mismanagement of Modi govt responsible for worrisome economy: Ma
Updated : 6 years, 6 months ago IST
New Delhi (India), Sep 1 (ANI): As the economic growth slumped to a seven-year low of 5 per cent in April to June quarter, former Prime Minister and seasoned economist Manmohan Singh hit out at Prime Minister Narendra Modi-led government alleging that the government's "all-round mismanage
Read More
BJP govt deflated economy: Priyanka Gandhi Vadra
Updated : 6 years, 6 months ago IST
New Delhi (India), Aug 31 (ANI): As the economic growth slumped to a seven-year low of 5 per cent in April to June quarter, Congress leader Priyanka Gandhi alleged that BJP government which trumpets "Ache Din" has deflated the economy.
Read More
Merger of PSBs will unlock new potential: Shah
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Union Home Minister Amit Shah on Friday lauded Prime Narendra Modi and Finance Minister Nirmala Sitharaman after the latter announced the merger of 10 Public Sector Banks (PSBs) into four strong lenders with countrywide networks and global reach to boost c
Read More
Economy slumps to 7-year low, GDP growth slows to 5 pc in Q1 FY20
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): The economic growth slowed to a seven-year low of 5 per cent in April to June quarter from 8 per cent a year ago, government data showed on Friday.
Read More
Government unveils merger of 10 PSU banks to become four major entities
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): Government on Friday announced merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next f
Read More