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Thursday, August 27, 2020

Results of Underwriting Auctions Conducted on August 28, 2020

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In the underwriting auctions conducted on August 28, 2020 for Additional Competitive Underwriting (ACU) of the undernoted Government secu...

India GDP forecast is tricky even in the best of times. But this time is another matter altogether

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The lack of field surveys add to the data complexities, with output in several sectors likely to be estimated and later revised once the har...

ICRA slips ~2% on de-growth of 9.6% in cons. operating income for Q1FY21

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The de-growth in consolidated revenue for the quarter ended June 30, 2020, was mainly due to a decline in revenue from rating business. fr...

FOMC announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy

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The updates reflect changes in the economy over the past decade and how policymakers are taking these changes into account in conducting mon...

Sensex, Nifty start September F&O Series on a positive note; GMR Infra, Axis Bank stocks gain

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The PSU Bank index has opened 1% higher, followed by media and pharma indices. from India Infoline News Service https://ift.tt/34BUX1P

NMDC zooms over 9% after approval of demerger of NMDC Iron & Steel Plant

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The three million ton per annum capacity plant in Nagarnar is likely to be commissioned next year. from India Infoline News Service https:...

Finance minister Nirmala Sitharaman's proposals on GST compensation unclear: States

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While the legal opinion made it clear that the Centre did not have to bear the compensation burden, states pointed to the assurance given by...

Animal spirits stir, fresh data shows Indian economy probably past the worst phase

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The pickup in the gauge, which uses the three-month weighted average to smooth out volatility in the single-month readings, holds out hope f...

GST Council: Centre estimates Rs2.35 lakh revenue shortfall; gives two options to states for borrowing

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For the financial year FY21, the compensation requirement by the states stands at Rs3 lakh cr. from India Infoline News Service https://if...