'The treatment cost is quite high in the private sector while at...
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Ambani pips Adani to become richest Indian on Hurun list
Mukesh Ambani, Chairman, Reliance Industries Pune-based Cyrus...
IMF raises India’s GDP growth forecast marginally to 6.3 pc for FY24
'Growth in India is projected to remain strong, at 6.3 per cent in...
Development and environment protection go hand in hand:Javadekar
“India can become a USD 5-triilion economy only when development and environment go together. Neither should be compromised. We will do whatever is necessary for environment and at the same time ensure responsible business,” he said
ADB Introduces Contingent Disaster Financing for Natural Disasters
Asia and the Pacific is the world’s most natural disaster-prone region. Between 2014 and 2017, countries in the region suffered 55 earthquakes, 217 storms and cyclones, and 236 cases of severe flooding, affecting 650 million people and causing about 33,000 deaths, according to the United Nations.
Slowdown ‘very worrisome, businesses complaining aloud’: Raghuram Rajan
In ominous signs that the slowdown may be deep, the auto sector is facing its worst crisis in two decades with reports suggesting thousands of job losses in the automobile and ancillary industry, real estate sector has huge unsold inventory, while fast-moving consumer goods (FMCG) companies have reported a decline in volume growth.
Even India’s hiring activity slowing as economy cools, says Care Ratings
Banks, insurers, auto makers and logistics and infrastructure companies are among those hiring at a slower pace, according to the study by Care Ratings Ltd. that relied on annual reports for the year ended March from nearly 1,000 companies. The services sector, which accounts for a bulk of the economy, was the lone sweet spot that displayed robust jobs growth, the study by the credit assessor showed.
Disclosure lapses: Sebi puts stricter regulations for listed companies
Besides, the entities that fail to approach the bourses for listing of equity shares within 20 days from allotment and fail to make application for trading approval to the stock exchange within seven days from the date of grant of listing approval are also liable for paying the penalty.
Leaked document warned of fuel, food, medicine shortages if No-Deal Brexit
“But it is also the case that the UK government is far more prepared now than it was in the past, and it’s also important for people to recognize that what’s being described in these documents… is emphatically a worst-case scenario,”
Novo Nordisk to fight Danish shareholder lawsuit seeking $1.75 Billion
“It is a very complex case and it’s not black-and-white. I am far from certain, that Novo will lose this case,” Sydbank’s analyst Soren Lontoft Hansen told Reuters.
U.S. investigating lung diseases linked to e-cigarettes
E-cigarettes are generally thought to be safer than traditional cigarettes, which kill up to half of all lifetime users, according to the World Health Organization. But the long-term health effects of the nicotine devices remain largely unknown. In April, the U.S. Food and Drug Administration began an investigation into seizures among e-cigarette users.”
Closing the infrastructure gap
Globally, there is a need to invest USD 69.4 trillion in infrastructure between 2017 and 2035, which amounts to USD3.7 trillion a year. Approximately USD43.7 trillion (63% of the global total) is required in emerging markets, with China and India alone accounting for USD 23.6 trillion (34%) and USD 5.6 trillion (8%) respectively.
Trade war uncertainty could cost global economy $585 billion
According to a report by Bloomberg Economics’ Dan Hanson, Jamie Rush and Tom Orlik, uncertainty over commerce could decrease world gross home product by 0.6% in 2021, relative to a situation with no commerce war. That’s double the direct impression of the tariffs themselves and the equal of $585 billion off the International Monetary Fund’s estimated world GDP of $97 trillion in 2021.