Economy – Page 162 – Asian News from UK

Govt to sell 20% stake in IRCTC

The Union government has proposed to sell up to 2.40 crore shares or 15 per cent of the paid-up equity share capital of IRCRTC through the offer of sale route. It has

December 10, 2020

Business·Economy·India News

Fitch narrows India’s GDP fall forecast

Global credit rating agency Fitch on Tuesday raised its FY21 GDP growth forecast for India by predicting a narrower economic contraction of (-) 9.4 per cent from an earlier predicted fall of

December 9, 2020

Economy·India News

Biden’s Policies May Impact Asian Credit Conditions: Moody’s

The policies of US President-elect Joe Biden’s administration may have a marginal impact on the credit conditions in Asia and is less likely to deepen trade linkages between the US and Asia,

December 9, 2020

Economy·USA

IT, Energy Stocks Pull Indices Up

Healthy buying in energy and IT sector stocks lifted the key Indian equity markets during the mid-afternoon trade session on Tuesday. Accordingly, the two key indices — NSE Nifty50 and S&P BSE

December 8, 2020

Business·Economy

India’s Poultry Sector Set To Return To Profits: ICRA

The domestic poultry industry is expected to post healthy profits during FY21 after a near washout in profits in FY20, ratings agency ICRA said. The ratings agency said that domestic poultry industry

December 8, 2020

Business·Economy

World economy Lost $1 Tn to Cyber Attacks: Report

The growing cybercrime incidents now cost the world economy more than $1 trillion, or just more than one per cent of global GDP, which is up more than 50 per cent from

December 7, 2020

Business·Economy·Tech LITE

Energy Exchange clocks 61% volume growth in Nov

The pick up in the economic activity in the unlock phase has pushed up electricity trading with the country’s largest power exchange, Indian Energy Exchange, registering a 61 per cent growth in

December 7, 2020

Economy·India News

RBI bars banks from paying out dividends

The Reserve Bank of India (RBI) has asked banks to conserve capital and not make any dividend payments for financial year 2020. RBI Governor Shaktikanta Das said in his monetary policy statement

December 7, 2020

Business·Economy·India News

All states and UTs accept GST compensation formula

All the 28 states and three union territories with legislature have decided to go for the Centre-suggested compensation formula to meet the revenue shortfall arising out of the GST implementation. Jharkhand, the

December 7, 2020

Business·Economy

Indian e-com volumes jump 56% in festive season

India’s e-commerce industry reported nearly 56 per cent growth in order volume this festive season amid the pandemic as compared to the same period last year, said a new report on Friday.

December 4, 2020

Business·Economy·India News

Economy - Page 162