India’s trade deficit surges to an 11-month high, the fastest pace since July 2013. CEO of Federation of Indian Export Organisation, Ajay Sahai, offers his perspective.
Indian shares ended the week on a high note, after gaining for a fourth straight session. IT stocks led the way, with Tata Consultancy Services’ better-than-expected earnings sparked a rally.
Corporate earnings on in full swing. Reliance Industries beat street estimates after better-than-expected refining margins. HDFC Bank’s Q1 results came in a tad below analyst estimates while Idea Cellular’s first-quarter profit jumped 57%.
The combined trend since July 2013 for the current account deficit, fiscal deficit and inflation suggests that economic imbalances in India are now less acute. India is now less vulnerable to external crises than a year ago. Should India still be counted as a member of the Fragile Five?
India’s civil aviation minister has cleared the way for six new airlines in the last one month. These include 3 potential regional players and 3 other national carrier aspirants. How could this impact the struggling aviation sector in India?
Billionaire Gautam Adani is all set to build the one of the world’s biggest coal mines. Adani’s mining unit has won the Australian government’s nod for the $15.5 billion project despite huge pressure from environmental groups like Greenpeace.
A Mint analysis of six financial services firms shows that they are reaping the benefits of an uptick in the equity markets. They’ve reported their strongest profit growth in the last 4 quarters.
The BJP-led National Democratic Alliance government pushed ahead on Wednesday with efforts to attract more foreign direct investment to India. It cleared a proposal for FDI in railway infrastructure and increased the cap on FDI in the defence business to 49% from 26%.
The Reserve Bank of India has kept key policy rates unchanged for the third straight time in its August Monetary Policy Review.
Financial Technologies India has missed a deadline to sell its stake in MCX-SX. The Securities and Exchanges Board of India will now appoint an adjudicating officer in this matter and will serve a show-cause notice on Jignesh Shah for missing the August 7 deadline.
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