Economy - Asian News from UK

India Enters First Ever Recession: Reserve Bank

India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI). RBI’s Economic Activity

November 12, 2020

Economy·India News

Surging Gold Price Pushes Demand, Gold Loan Growth

Incessant surge in gold prices led to higher demand for gold loans amid the pandemic and increased the asset under management of major gold loan NBFCs, according to a report by World

November 10, 2020

Business·Economy

Equity market, FII inflow witness huge rise

The Indian equity market has been on a fresh record run of late backed by a surge in foreign institutional investments (FII). In the past three days alone, net FII inflow in

November 10, 2020

Business·Economy

Core Sectors Lead the Demand For Construction Equipment

“The demand for construction equipment is picking up for the past couple of months and it is expected to accelerate further owing to the demand from sectors like roads, railways, energy, irrigation

November 10, 2020

Business·Economy·India News

Corporate fund inflows to empower rupee

Rising corporate fund inflows along with buoyant equities are expected to strengthen the Indian rupee in the coming week. Analysts have predicted the rupee to range between 73.60 and 74.40 with a

November 8, 2020

Economy·India News

US Fed retains low rates with the election result pending

The US Federal Reserve on Thursday kept its benchmark interest rate unchanged at the record-low level of near zero amid uncertainty about the final result of Tuesday’s presidential election. “Economic activity and

November 6, 2020

Economy·USA

Second waves expected to slow down EU economic recovery

The European Union’s (EU) economic recovery from the impact of the ongoing coronavirus pandemic is expected to be slower than previously thought due to a second wave in several countries of the

November 5, 2020

Economy·EU News

Uncertain US elections erode rupee value

The uncertainty regarding the US election outcome impacted the Indian rupee which plunged to a two month low mark during Wednesday’s trade session. The rupee hit an intraday low of 74.88 as

November 4, 2020

Economy·World News

SBI net jumps 51.88% in Q2

Lending major State Bank of India on Wednesday reported a rise of 51.88 per cent in its standalone net profit for Q2FY21 on a year-on-year basis. Accordingly, the lenders’ net profit increased

November 4, 2020

Business·Economy

Anti farm bill protests rips off railway’s Rs 1,200 revenue

Amid the farmers protest at 32 locations in several parts of Punjab and Haryana, the Railways has lost revenue from freight to the tune of Rs 1,200 crore, the Railway Ministry said

November 4, 2020

Economy·India News

Economy - Page 193