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    FPIs turn buyers in India

    11 Sep 2019

    Mumbai: Foreign Portfolio Investors (FPIs)on Wednesday turned buyers for the first time in September. FPIs had been on a sell mode despite the roll-back of the tax surcharge on them

    More caution than courage in India budget

    05 Jul 2019

    India’s Finance Minister Nirmala Sitharaman’s maiden budget offers a lot of promises — boost to investments, transformation of agriculture sector, infrastructure expansion, digitisation and creating a $5-trillion economy. Among the promises are a plan to infuse capital worth $10 billion and provide a partial

    Sensex slips 286 points after RBI move

    07 Aug 2019

    Mumbai: In a bid to strike a balance between the “inadequate” 25 basis points (bps) and “excessive” 50 bps, the RBI on Wednesday slashed key policy rates by an unconventional 35 bps, but markets slid as it revised down the economy’s growth forecast. Metal, PSU banks, auto and realty stocks contributed

    India’s CB makes unconventional rate cut in a bid to spur growth

    07 Aug 2019

    The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about India’s near-five year low economic growth pace. The six-member monetary policy committee (MPC) cut the repo

    Are we headed for a recession?

    14 Aug 2019

    It’s not even a month since India’s Finance Minister, Nirmala Sitharaman presented her maiden budget and the writing is on the wall — tough days are coming. Brace up (“India’s passenger vehicle sales drop at steepest pace in 2 decades,” Aug. 13, Gulf Today). The BJP and Modi who came to power for a second

    Farmers’ woes

    05 Jun 2019

    The people of India have given Modi a great opportunity to bring about a change in the country. If India failed to shine under the erstwhile Congress rule, it is now their moment to ‘Make in India’ glitter (“Gandhi demands probe into farmer suicide,” June 1, Gulf Today). Farming which has been the backbone of the Indian economy

    More stimuli for growth, but it is still not enough

    16 Sep 2019

    Finance Minister Nirmala Sitharaman came up last weekend with a new stimulus package to arrest the worrisome slowdown of India’s economy. It was her third package in as many weeks.

    New virus wave threatens economic recovery

    29 Mar 2021

    India is leaving behind the worst financial year in the years of Independence. Since the colonial period, the financial year has run from April 1 to March 31 of the following calendar year. On March 25 last year, a week before end of the 2019-20 financial

    Indian billionaire Adani world's biggest wealth gainer so far in 2021, adds $16.2b to his fortune

    12 Mar 2021

    Adani Group Chairman Gautam Adani has achieved a remarkable milestone amid the COVID-19 pandemic, as he added the highest wealth to his fortune in the world, as per the latest Bloomberg billionaires Index. Adani is now the 26th richest person in the world.

    Foreign exchange reserves in India rise by over $4.48 billion

    10 Jan 2021

    India’s foreign exchange reserves rose by $4.483 billion during the week ending Jan.1. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $585.324 billion from $580.841 billion reported for the week ended December 25.

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