Economy

FPIs selling spree continues; withdraw Rs 12 bn from Indian markets in July so far

Data       Jul 15, 2018

  Mumbai: Continuing their selling spree, foreign investors have pulled out nearly Rs 12 billion from the debt markets in the first two weeks of the month on higher fuel prices and possibilities of rate hike by the US Federal Reserve.   The latest sell-off comes after...

India expected to be $10 trillion economy by 2030: Economic Affairs Secretary Garg

Indian News       Jul 14, 2018

  New Delhi: Indian economy is on a stage of "take off" and is expected to be the world's third largest by 2030 with GDP worth $10 trillion, Economic Affairs Secretary Subhash Chandra Garg said today. "Good days are ahead and lot of good work is...

Europe’s Banks move to greener finance in response to Climate Change Risks

International News       Jul 14, 2018

  Some of Europe’s largest banks are unveiling plans to lend and manage money in greener ways as pressure mounts to account for risks associated with climate change.   “It is coming, it’s a trend that’s started,” said Louis Douady, head of corporate social responsibility at Natixis...

India, 6th largest economy, has long way to go as per capita income still low: Rajiv Kumar

Indian News       Jul 12, 2018

  New Delhi: Emergence of India as the sixth largest economy was very much expected but still there is a long way to go as the per capita income of the country is still low, Niti Aayog vice chairman Rajiv Kumar said today.    The country, Kumar...

China’s population would be 65% of India’s by 2050: analyst  

International News       Jul 11, 2018

  Beijing: A Chinese expert has called for an end to China’s controversial family planning policy, claiming the world’s second largest economy’s population will be only 65 per cent of India’s by 2050 due to the one child policy pursued by the government. China ended its...

Fund-raising via IPOs almost doubles in H1 2018: 18 firms raise Rs 236 bn

Data       Jul 08, 2018

  Mumbai: In a blockbuster performance, as many as 18 companies have raised a staggering Rs 236.7 billion through initial public offerings in the first half of this year, almost double from the year-ago period.   Moreover, the outlook appears to be bullish for the remaining part...

FPIs infuse Rs 3,000 crore in just five trading sessions 

Data       Jul 08, 2018

  NEW DELHI: Foreign investors have pumped in over Rs 3,000 crore in the Indian capital markets in the last five trading sessions after pulling out hefty funds during April-June.    The recent infusion comes following a net outflow of more than Rs 61,000 crore in the...

Money in Swiss banks: India moves to 73rd place, UK remains on top

Articles       Jul 01, 2018

  FDI growth hits 5-year low in 2017-18India has moved up to 73rd place in terms of money parked by its citizens and companies with Swiss banks, while the UK remains on the top. India had slipped to 88th place with a 44 percent plunge in...

China’s State-Run Insurance Funds feel strain of Baby Boom

International News       Jun 28, 2018

  Chinese President Xi Jinping wants women to have more babies. That’s proving to be a costly goal.   After government-run insurance funds paying for maternity leaves suffered revenue shortfalls for the first time, Xi’s government has begun taking steps to shore up the benefits system.   The...

Mumbai most expensive for expats living in India, says survey

Facts       Jun 26, 2018

The cost of living for expats in Mumbai is the highest in the country, and more expensive than its global peers like Melbourne and Frankfurt, a survey has said. The financial capital of the country is ranked at the 55th spot in terms of cost...

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