New Delhi, June 8 (IANS) The Reserve Bank of India’s decision to reinvigorate Foreign Currency Non-Resident (Bank) or FCNR-B deposits could pave the way for fresh long-term foreign exchange inflows, according to a report.Jefferies, in its report, said that the renewed focus on FCNR-B deposits is aimed at mobilising funds from non-resident Indians for a tenure of 3–5 years, potentially opening a stable channel of forex inflows into the country’s banking system.It noted that the initiative d…
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New Delhi, June 5 (IANS) BJP leader Amit Malviya took a dig at Congress leader Rahul Gandhi, citing the high GDP growth figure for the Indian economy released on Friday as a “tsunami” that has “washed away” the Opposition leader’s “latest sinister attempt to malign India.” The latest GDP data shows India growing at 7.7 per cent in FY 2025–26 is the fastest among major economies. Quarter after quarter, India held firm with a 6.7 per cent growth in Q1, 8.4 per cent growth in Q2, 7….
New Delhi, June 4 (IANS) The Bharatiya Janata Party (BJP) leader Amit Malviya said on Thursday that Congress leader Rahul Gandhi’s claim about India heading towards an “economic tsunami” because the government has removed all shock absorbers “is not just wrong, it is classic fear-mongering.”If India’s shock absorbers had truly been removed, why is the economy continuing to show resilience despite elevated crude prices, conflict in West Asia, supply-chain disruptions, global financial tighten…
New Delhi, May 30 (IANS) Due to India’s macroeconomic resilience, a neutral stance on Indian equities is warranted, with a relative ‘overweight’ stance on mid and small caps, a report has said.The report from Motilal Oswal Private Wealth recommended a portfolio allocation of roughly 50 per cent hybrid or large caps, 40 per cent small and mid-caps (SMIDs) and 10 per cent global exposure.The firm recommended lump-sum deployment in hybrid strategies and a staggered approach for pure equity-orient…
New Delhi, May 11 (IANS) The seven appeals made by Prime Minister Narendra Modi to the nation would go a long way to build and strengthen India’s journey towards Viksit Bharat, leading industry chamber Assocham said on Monday.PM Modi’s appeal to the people for collective participation to help the country deal with global economic disruptions, supply chain challenges and rising prices caused by international conflicts has, thus, emphasised prudence in the usage of petroleum products and reduc…
New Delhi, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday estimated India’s real GDP growth at 7.6 per cent for FY26 under a new GDP series, while flagging emerging risks from geopolitical disruptions.The FY26 growth reflects resilience supported by strong services activity, manufacturing expansion and robust domestic demand.For FY27, the Central Bank has projected growth at 6.9 per cent, indicating a moderation as external risks and cost pressures begin to build, said RBI Governo…
Mumbai, April 1 (IANS) India’s equity markets are likely to offer strong alpha opportunities in FY27 despite the ongoing West Asia conflict, supported by sectoral divergence, resilient macro buffers and potential recovery in foreign flows, a new report said on Wednesday.According to Motilal Oswal AMC, the escalation in the West Asia conflict has introduced uncertainty around oil prices, inflation, currency movement and FY27 earnings estimates, and also created a fertile ground for stock-specif…
New Delhi, March 12 (IANS) Indian oil marketing companies (OMCs) should be able to absorb average crude prices of up to around $90 per barrel over the medium term, supported in part by stronger refining margins, even as escalating tensions in West Asia raise concerns over global energy supply routes, a report said on Thursday.According to an analysis by CareEdge Ratings, the geopolitical situation notes that hostilities around the Strait of Hormuz have led to a sharp rise in crude prices since l…
New Delhi, March 5 (IANS) Escalating conflict in the Middle East could only cause minimal rupee depreciation and disruption in growth while defence stocks and precious metals could rally, a report said on Thursday.The report from asset management firm Shriram Wealth said a 10 per cent rise from RBI’s baseline assumption of crude oil price could lift inflation by 30 bps but weaken the rupee and growth minimally.The same could cut growth by 15 bps, while a 5 per cent rupee depreciation could raise…