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India’s major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated. According to analysts, two-wheelers and tractors off-take on a sequential basis in June showed narrowing of the de-growth rate.
India’s equity market is geared up to aid the country achieve the $5 trillion economy mark, Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi said.
Swelling foreign exchange reserves along with a current account surplus, has aided the Indian rupee to remain broadly stable since mid-March 2020, India Ratings and Research said on Thursday.
India’s gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.
South Indian Bank Limited (SIB), a major private sector bank headquartered in Kerala, India, will be launching special wealth management service, deposit scheme,
Backed by multi-billion-dollar investments from global tech giants, India’s richest man is ready to rumble with Amazon and Walmart for the country’s huge e-commerce market through his conglomerate Reliance.
With the resumption of economic activities, consumer confidence in the country has improved in July, according to the monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI).
India’s cabinet has approved a rescue plan for Yes Bank, the finance minister said on Friday, as authorities look to prevent a broader banking crisis.
The move comes at a time when India is staring at the highest ever tax collection shortfall, as corporate and income tax collection for this fiscal year is set to fall for the first time in at least two decades and the goods and services tax revenue could see a gaping shortfall.
Crisis-hit Yes Bank has allotted 1,000 crore equity shares to seven private banks and the state-run State Bank of India for a total consideration of Rs10,000 crore.
