PARLEY |
Comment
Parley: Does the Budget do enough in providing a stimulus to growth?
Suresh Seshadri By not cutting spending despite constraints, the Budget ensures momentum doesn’t backslide
Comment
A government that is clueless on the economy
Pulapre Balakrishnan Listening to the Budget speech, one would hardly get any indication of either the economic slowdown or the unemployment rate, which is the highest in decades
Comment
A Budget exercise that is designed for stressed times
T.T. Ram Mohan The FM deserves credit for keeping the capital expenditure steady amid receipts shortfall; but her plan does not meet market expectations of sweeping reforms
Markets
Sensex tumbles 549 points; Nifty drops below 14,450
PTI Tech Mahindra was the top loser in the Sensex pack.
Markets
Rupee slips 3 paise to settle at 73.07 against US dollar
PTI The rupee snapped its three-session winning streak and settled for the day 3 paise lower at 73.07 (provisional) against the American currency on Friday, tracking weaker Asian peers and heavy selloffs in domestic equities. At the interbank forex market, the rupee opened at 73.07 and hit an intra-day high of 72.99 and a low of 73.15. It finally finished at 73.07, lower by 3 paise over its last close. On Thursday, the rupee had settled at 73.04 against the American currency. The dollar index,
Economy
India’s trade with China falls in 2020, deficit at five-year low
Ananth Krishnan The trade deficit, a source of friction between India and China, declined to a five year-low of $45.8 billion, the lowest since 2015.
Economy
Exports rise a tad, imports surge in December
PTI India’s exports rose marginally to $27.2 billion in December, while imports surged 7.6% to $42.6 billion, official data showed.Merchandise exports were valued at $27.1 billion in December 2019. “The trade deficit for December 2020 was estimated at $15.44 billion as against the deficit of $12.49 billion in December 2019, an increase of 23.66%,” according to the data. India’s overall exports (merchandise and services) in April-December 2020-21 were estimated at $348.5 billion, showing a negative-
Economy
Indian economy ‘weak,’ credit growth bottoming out: BofA
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Industry
India fifth largest market; focussed on meeting language needs, enhancing ease of access: Wikipedia
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Economy
India took ‘very decisive’ steps to deal with coronavirus pandemic and its economic consequences: IMF chief
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Economy
Inflation slows to 4.59% as food prices ease
Industry
HCL Tech Q3 net profit up 31% to ₹3,982 crore
PTI IT firm HCL Technologies on Friday posted 31.1% rise in net profit at ₹3,982 crore for the December 2020 quarter. The IT major had registered a net profit of ₹3,037 crore in the October-December 2019 quarter (as per US GAAP), HCL Technologies said in a regulatory filing. Its revenue grew 6.4% to ₹19,302 crore in the quarter under review, from ₹18,135 crore in the corresponding quarter last year. On a sequential basis, net profit was 26.7% higher from ₹3,142 crore, while topline was higher by
Industry
GAIL announces ₹1,046.35 crore share buyback
PTI In a stock exchange filing, the company said its board has approved the buyback of 6.97 crore shares at a price of ₹150 per share.
Industry
OneWeb fundraising nudges $1.4 bn: Bharti
Special Correspondent SoftBank Group gains board seat