According to government data on Wednesday, India’s exports growth showed positive in July, it increased by 2.25 percent, while trade deficit reduced to a four-month low of USD 13.43 billion. Exports increased to USD 26.33 billion in July as against USD 25.75 billion in the same month last year. The reduction in the overall imports,… Read More: Exports up 2.25 percent in July; trade deficit narrows to… »
India’s rapidly increasing market for digital payments is posed to get more crowded as the country races to catch up with China in squeezing out the use of cash, according to the head of the South Asian nation’s payments network. This basically means that Indians will continue to face a bewildering array of payments apps… Read More: India’s payment apps battle to catch China in squeezing out… »
Saudi Aramco’s proposed purchase of part of Reliance Industries Ltd will allow it to secure back its hold on the fastest-growing oil market in the world where suppliers including Russia and US are making inroads. Aramco is planning to buy 20% of the oil-to-chemicals business of Reliance which includes the world’s biggest refining complex at Jamnagar on the western coast… Read More: Saudi Aramco defends hold on coveted Indian oil market with… »
Rakesh Jhunjhunwala, the big bull of D-street in an exclusive interview with CNBC-V18 expressed his concerns about the state of the market, and slowdown seen in the economy. Jhunjhunwala pointed out the NBFC crisis, elections, as well as fiscal situations, have led to a short-term slowdown in the economy. He said: “Every bank is shy… Read More: India does not have a 10% GDP growth rate model… »
Amway is one of the popular brands in India. It entered the country 20 years back with just six products. Being the world’s largest direct selling company, their main vision is to help people live better lives. Amway wanted to provide a conducive ecosystem as well as world-class innovative products to entrepreneurial-minded individuals so that… Read More: Amway: India’s top direct selling company; built trust, entrepreneurship »
The finance ministry is soon going to consult the law ministry on how to provide relief to foreign portfolio investors from the super-rich surcharge that was announced in the budget session on July 5. The government is trying out different options and the one that will prove to be most effective and legally feasible will… Read More: Finance ministry to consult law ministry on FPI surcharge »
Aye Finance Pvt ltd happens to be a small business lender. It has recently raised $10 million debt from responsAbility Investments AG which is a Swiss impact investor, as reported by a senior executive. Sanjay Sharma, managing director, in a phone interview, said: “We plan to use the funds raised for growth, to lend more… Read More: Aye Finance raised $10 million debt from responsAbility »
The reports of possible rollback surcharges imposed on foreign investors in the budget seemed to have cheered them. In the last 29 sessions, they were able to turn net buyers in the market. Even the finance minister gave assurance that the government would take necessary steps in order to revive sentiment and get the economy… Read More: FIIS turn net buyers in equity markets for the first… »
Global economies are showing clear signs of weakness which could lead to a worldwide recession. According to Morgan Stanley, the world economy is going to enter the phase of recession in the next 9 months. One of the biggest factors that have resulted in a weakened world economy is the growing tension between the two… Read More: According to Morgan Stanley, the global economy is going to… »
With Reserve Bank of India making it easy on the monetary policy, it seems many of the industry lobbies and a few economists are demanding for a fiscal stimulus to boost the sagging condition of the economy. But it seems that revenue constraints are limiting the government’s ability to spend more than what has already… Read More: Fiscal stimulus wanted but faced by a revenue roadblock »