New Delhi, April 5 (IANS) The ongoing war in Iran is creating real economic pressures in Bangladesh, affecting fuel, fertiliser, freight, and foreign exchange, a report has said. While the country is geographically distant from the conflict, its highly connected economy is feeling the impact quickly, as per The Daily Star report.The main channel of this disruption is the Strait of Hormuz, through which about one-fifth of the world’s oil and LNG normally move.Any interruption in this route affe…
Latest Financial Sector News & Updates
Mumbai, March 10 (IANS) SEBI Chairman Tuhin Kanta Pandey has said that retail investors and domestic mutual funds together hold about 36 per cent of the free float market capitalisation of Nifty 50 companies.Addressing the 30th anniversary of the Nifty 50 index at the National Stock Exchange (NSE), Pandey said the index has evolved alongside India’s economy over three decades, with domestic participation surging rapidly.SEBI Chairman noted that India now has over 140 million unique investors, …
New Delhi, March 2 (IANS) India’s GDP growth for FY27 is likely to touch 7.2 per cent and FY26 growth could be revised up to 7.8 per cent from 7.6 per cent in the subsequent GDP estimates from the government, a report said on Monday.The report from HDFC Bank said the new GDP series with base year 2022‑23 confirms India’s healthy growth performance in this fiscal, adding the growth estimates will rise going forward given strong high‑frequency indicators in Q4.The nominal growth for FY27 is …
New Delhi, Feb 28 (IANS) India’s revised GDP series not only present a larger economic base but also highlights the rising strength of manufacturing as a key growth driver, even as Q3FY26 growth moderated to 7.8 per cent, a new report said on Saturday.India’s economic growth eased to 7.8 per cent in the third quarter of FY26, down from 8.4 per cent in Q2, under the newly revised GDP series, data compiled by SBI Research showed.For the full financial year FY26, growth is estimated at 7.6 per …
New Delhi, Jan 26 (IANS) Veteran banker and industrialist Uday Kotak on Monday said he was “humbled and honoured” to be conferred the Padma Bhushan.The government on Sunday announced the Padma Awards on the eve of Republic Day, with Kotak being conferred the Padma Bhushan for his exceptional contribution to the financial sector.“The India of today is unrecognisable from the one I was born in. The journey has been exhilarating. On this Republic Day, we stand at the fork of many roads,” Ko…
Beijing, Jan 14 (IANS) The disciplinary body of the Communist Party of China (CPC) has called for reinforced anti-corruption efforts during the 15th Five-Year Plan period (2026-2030). The call was made in a communique adopted at the fifth plenary session of the 20th CPC Central Commission for Discipline Inspection, held from Monday to Wednesday in Beijing. Country’s President Xi Jinping, also the General Secretary of the CPC Central Committee and chairman of the Central Military Commission, atte…
New Delhi, Jan 7 (IANS) India’s equity markets could provide robust returns in near future due to impressive valuations, trailing performance, macro stability and the growth cycle, a report said on Wednesday.The report from MS Research predicted a 13 per cent upside for BSE Sensex to touch 95,000 by December 2026 citing a 50 per cent probability.The firm assumed continued fiscal consolidation, higher private investment and a positive gap between real growth and real rates to provide this base …
New Delhi, Dec 23 (IANS) Net foreign direct investment (FDI) in India nearly doubled to $6.2 billion during April‑October from $3.3 billion a year earlier, primarily due to fall in repatriation of foreign capital despite a rise in outward FDI, an official statement has said.The RBI’s December Monthly Bulletin said gross inward FDI rose marginally to $58.3 billion in April‑October from $50.5 billion a year ago, and remained steady in October with Singapore, Mauritius and the United States a…