Why monsoon-dependent Indian economy needs climate-sensitive budgeting
Unstable coalition govt at the centre may hamper India's growth, warns Arun Jaitley
US-China trade war brings $8.7 billion bonanza for Indian exports to America
Rupee at 79 against dollar: Worsening CAD and FPI outflows from India to trigger further slide
Green Drive: MG motor announces electric vehicle launch in India by 2020
- Polio vaccine contamination: Government needs to fix drugs procurement policy for public health
- Sports merchandising: Technology boost for supply chain and on-demand manufacturing
- Weak rupee, high custom duty trigger 2% fall in vegetable oil imports in September
- Worrying! Capital expenditure is falling; a lot depends on government spending and that could weaken too
- MCA data: 63% of 17.95 lakh registered companies in India active in august
FE Bureau
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Unstable coalition govt at the centre may hamper India’s growth, warns Arun Jaitley
Finance Minister Arun Jaitley on Tuesday said India needs a strong and decisive leadership at the Centre to continue on its high growth path and take swift decisions.
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Share of investments in GDP to rise 33% by FY23: RBI working paper
Interestingly, the paper has listed higher real lending rate as one of the reasons for lower investments. A one percentage point hike in the real lending rate, it says, reduces the real investment rate by 29-40 basis points.
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Infosys Q2 result above analysts’ estimates, net profit up 13%
The company reaffirmed its projection for 6-8% revenue growth in the current fiscal in constant currency and operating margin at 22-24%.
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Rupee may fall to 76 against US dollar by year-end: HSBC
The rupee could be significantly weaker than thought earlier at the ends of the current and next calendar years, HSBC Global Research said, even as it saw the Reserve Bank of India becoming ‘more accommodative’ of the currency’s weakness.
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Wind power: Transmission gap between states a concern for capacity addition
Inadequate transmission infrastructure has forced the government to reduce capacities offered in the upcoming auctions by more than 50% to 1,200 MW.
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Hero MotoCorp Q2 result: Net profit down 3.4% y-o-y on account of weak operational performances
Hero’s market share in the motorcycle segment at the end of the September quarter stood at 50%, down 120 bps sequentially.
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French hydrocarbon giant Total in talks for stakes in LNG import terminals in India
This comes close after Total agreeing to sell its 26% stake in the Hazira LNG regassification terminal in Gujarat to Shell India. Both companies signed a letter of intent regarding this in August.
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Edelweiss-backed firm eyes stakes in Rs 6,000 crore Essel Infra assets
Edelweiss Infrastructure-backed Sekura Energy is looking to acquire stakes in four transmission assets from Essel Infraprojects.
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Foodpanda forays into cloud kitchen segment, acquires Mumbai-based food-tech venture Holachef
As part of the acquisition, Foodpanda will take over Holachef’s business, including its kitchens and equipment, as well as bringing on board the company’s employees.
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BMW gets order for 135 cars from rental firm Avis India for its airport fleet
Avis India, the leading car rental and leasing service provider in the country, has inducted 135 BMW cars in its airport fleet for exclusive use by Emirates customers.
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NBCC inks pact with govt for Niger project, to work as PMC
As a construction partner, NBCC will work as a project management consultancy (PMC) and would charge 7.5% of the total project cost.
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Global spare oil capacity shrinking, oil market is currently balanced but fragility looms
The international crude oil market is adequately supplied and well balanced now, said Organization of the Petroleum Exporting Countries’ (OPEC) secretary general Mohammed Sanusi Barkindo on Tuesday.
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Weak rupee, high custom duty trigger 2% fall in vegetable oil imports in September
Vegetable oil imports fell 2% to 14.91 lakh tonnes in September owing to rupee depreciation and higher custom duty, Solvent Extractors Association of India (SEA) said.
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Why monsoon-dependent Indian economy needs climate-sensitive budgeting
Statistics show that 65% of the net sown area constitutes rain-fed crops, demonstrating the over-reliance on monsoons for crop growth.
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Rupee at 79 against dollar: Worsening CAD and FPI outflows from India to trigger further slide
RBI can probably spend about $50 billion more before FX reserves dip into the IMF’s Assessing Reserve Adequacy (ARA) range (100-150% of the metric).
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National merit order list for electricity generation to help in reducing power cost
At the national level, the scheme is well-intended, because of the variation in regional costs of power generation.
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Antitrust enforcement: Emergence of artificial intelligence poses new challenges for courts
While developing a future system for AI, it is important to bear in mind the standard-setting process to safeguard the future balance of competitive forces in the market and not to overlook the legal challenges posed by AI.
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Money markets’ scare cause Rs 1.2 lakh fall in September liquid fund AUM
Liquid and money market funds witnessed a fall of assets under management (AUMs) worth Rs 1.25 lakh crore in September over the previous month, showed data from Value Research.
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Federal Bank Q2 result: Marginally up profit reported at Rs 266 crore
Federal Bank on Tuesday reported a marginal, 0.88% rise in its net profit for the second quarter of FY19 at Rs 266 crore, restricted by an increase in provisions as dud assets increased.
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Analyst Corner: IndusInd Bank not to see haircut on IL&FS exposure
PAT of Rs 9.2bn was substantially lower than the consensus estimate of Rs 10.98bn due to a provision of Rs 2.8bn on IL&FS. Growth in PAT was the lowest in many quarters at 5% y-o-y (decline of 11% qoq).
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Why creditors cannot lay claim on proceeds from term policy under MWPA
Take a term policy on your life such that in case of any unfortunate occurrence, your daughter does not have to struggle financially.
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Auto Insurance: Disruptive technology brings changes in the sector
To reduce claim settlement time, automotive insurance customers now are empowered to self-settle the claims by documenting the damage and filing for claims through smart devices
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Former BSP MP’s son waves gun at Delhi 5-star hotel, police search on
The son of a former BSP MP was booked Tuesday after he was seen in a video allegedly brandishing a gun at a couple following an argument and threatening them at the foyer of a Delhi five-star hotel.
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Pune to host country’s first Urban Mobility Lab
Pune has been selected as India’s first Lighthouse City in NITI Aayog and Rocky Mountain Institute’s (RMI) grand challenge and will have India’s first Urban Mobility Lab.
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Rise in diesel prices shifts load to coal-based power plants
Rise in diesel prices is driving power plants running on this fuel to lower their electricity generation levels.
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As data localisation deadline approaches, payments firms get ready for a showdown with RBI
Industry sources said, in a meeting on October 10, RBI had told the companies that if they fail to meet the deadline regulatory action and penalty will follow.
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Festive season sales: Mobile phones drive online shopping spree, tier II city shop big
E-commerce players are estimated to have clocked in a combined gross merchandise value (GMV) worth $2.3 billion, data from market research firm RedSeer Consulting reveal.
