New Delhi, May 13 (IANS) Indian equities are set for a strong year ahead due to acceleration in earnings growth and reflationary policies of the RBI, along with policy moves such as rate cuts, bank deregulation and liquidity infusion, a report said on Wednesday.The report from Morgan Stanley said strong capital expenditure in energy, defence, semiconductors, fertilisers and data centres along with large tax cuts are other factors likely to drive an earnings upswing.The investment bank forecasted…
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New Delhi, May 13 (IANS) Morgan Stanley economists said on Wednesday they forecast India’s real GDP growth at 6.7 per cent in FY27 and 7 per cent for FY28 amid geo-political tensions, adding that the RBI policy measures would likely remain supportive to minimise damage to growth.The West Asia energy shock is most pronounced in quarter ending June 2026, when growth troughs at 6.5 per cent YoY amid elevated commodity prices and lingering supply chain frictions. “Thereafter, as supply-side cons…
New Delhi, May 12 (IANS) India’s economy continues to show resilience despite rising global uncertainty and the impact of the ongoing West Asia conflict, remaining the fastest-growing major economy in the world, an Assocham ‘Global Economic Outlook’ said on Tuesday.Despite global challenges, India’s economic fundamentals continue to remain resilient, with GDP growth expected to stay around 7 per cent in 2026-27.India entered this period with strong macroeconomic fundamentals, supported b…
New Delhi, April 12 (IANS) India’s retail inflation rate, based on the new Consumer Price Index (CPI) series, was recorded at 3.48 per cent in April compared to the same month of the previous year, according to data released by the Ministry of Statistics on Tuesday.The commodities that posted the highest inflation during the month were silver jewellery, which saw a 144.34 per cent jump in prices and gold jewellery, which clocked a 40.72 per cent increase in prices.Overall food inflation in April…
Mumbai, May 9 (IANS) The Indian equity benchmarks posted notable gains during the week over easing crude prices, a firmer rupee and softer 10-year bond yields despite lingering geopolitical tensions.Nifty gained 0.76 per cent during the week and dipped 0.60 per cent on the last trading day to reach 24,180. At close, Sensex was down 516 points or 0.66 per cent at 77,328. It advanced 0.54 per cent during the week.”The improvement in macro conditions shifted sentiment from early-week caution to a m…
New Delhi, May 8 (IANS) Economists on Friday said they do not expect the Reserve Bank of India (RBI) monetary policy committee to exhibit any urgency to tighten policy as yet amid fast-evolving geopolitical situation.RBI Governor Sanjay Malhotra said last month that Central Bank is closely monitoring the fallout from the West Asia conflict and will not make firm commitments on the future path of policy rates.He signalled that the central bank was in no hurry to move on rates. “We are in a wait-a…
New Delhi, May 7 (IANS) Market regulator Securities and Exchange Board of India (SEBI) on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform with immediate effect, citing its redundancy amid improved technological resilience in the trading ecosystem.In a circular, SEBI said stock exchanges had informed the regulator that the IRRA platform had not been used by brokers since it became operational in October 2023.The regulator noted that a combination of stronger regulatory me…
Mumbai, May 7 (IANS) The teaser of the upcoming film ‘The Silent Saviour: Governor’ was unveiled on Thursday. The film stars Manoj Bajpayee in the titular role. It showcases Manoj Bajpayee’s character trying to assess the situation of a nation which is going through a crisis. He takes over the reins of the RBI to ease the financial strain on the country while putting the system in place. The film is inspired by true events and brings to light India’s worst economic meltdown of the 1990s. T…
New Delhi, May 6 (IANS) India and Vietnam on Wednesday reaffirmed their commitment to strengthening cooperation in the health sector, along with reiterating the significance of linking digital technologies like UPI-based retail payments between the two countries.In a joint statement after a press meet here, Prime Minister Narendra Modi and visiting Vietnamese President To Lam acknowledged the advancements made by the Indian pharmaceutical industry.The two sides agreed to explore ways for the pot…
Hyderabad, May 5 (IANS) Telangana Chief Minister A. Revanth Reddy on Tuesday requested former Reserve Bank of India (RBI) Governor Raghuram Rajan to constitute a high-level committee on the use of Artificial Intelligence in the syllabi of primary, higher secondary, technical, and medical education, and to provide appropriate advice and suggestions on its usage. A meeting on Telangana’s future planning was held under the chairmanship of the Chief Minister at his Jubilee Hills residence. Deputy Ch…