NEW DELHI: The conflict in West Asia, along with disruption in supply chains and higher oil prices may result in India’s growth being hit by 15-40 basis points (bps) next financial year (2026-27), with inflation too expected to accelerate if the tension persists for a few more weeks, economists said.Rajani Sinha, chief economist, CARE Ratings…
MUMBAI: Rating agency Moody’s Ratings and its Indian affiliate Icra said the West Asia conflict should have limited near-term impact on India’s banking system, though a prolonged oil spike could dent growth and lift inflation.Moody’s baseline view sees banking outlook stable and real GDP growth at 6.4% in FY27; credit/deposit growth broadly aligned, loan growth…
NEW DELHI: Govt on Tuesday sought Parliamentary approval for additional spend of over Rs 2.8 lakh crore, of which the cash outgo will be a little more than Rs 2 lakh crore, with a bulk of it going towards meeting the gold sovereign bond liability and meeting the higher food and fertiliser subsidy bill.The biggest…
MUMBAI: The rupee rebounded Tuesday, closing at 91.81 against the dollar, up 54 paise from Monday as oil cooled and equities rebounded amid President Trump’s assurances of West Asia risk being short-lived. Brent crude plunged to below $90.8 a barrel after briefly nearing $120 a day earlier, easing pressure on India’s import bill and lifting…
Mumbai: Resilient investors continued putting money in the stock and debt markets through Feb despite market volatility. Combined with some mark-to-market gains, the total assets under management (AUM) of the mutual fund (MF) industry hit a new all-time high at over Rs 82 lakh crore. During the month, gross flows through systematic investment plans (SIPs),…
NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday said govt is looking to extend support to exporters on the insurance front to help them deal with the ongoing West Asia crisis.He said that an inter-ministerial group is keeping tabs on developments on a daily basis and is interacting with exporters.The Customs department has…
NEW DELHI: The Union cabinet on Tuesday eased norms governing investments from China and other countries sharing a land border with India, to provide for faster approvals in “strategic sectors”, while fast-tracking inflows when the entity from across the border holds under 10% and is a non-controlling shareholder.The govt has amended Press Note 3, issued…
MUMBAI/CHENNAI: Shockwaves from US and Israeli strikes on Iran may seem distant from India’s shores, but for Indian industry, the impact is already hitting home. Gas curbs, production cuts, export delays, and constantly rising operating costs are rippling through fertiliser plants, ceramic kilns, sanitary ware units, textile mills, and tyre factories. In Gujarat, Triveni Iron…
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