MUMBAI: The growth rate of the combined revenue receipts of the 16 largest states has fallen by almost 80 per cent to 5 per cent during April-November from the budgeted 17.4 per cent for the current fiscal, according to a report. The states have so far borrowed over 37 per cent more than they did … Read more
KOLKATA: The Indian steel sector has enjoyed a multi-year demand surge which will continue in the current FY’24 but it is expected to moderate in the coming fiscal, global analytics company Crisil said. The sector has witnessed double digit demand growth rate of 11 to 13 per cent during three consecutive years and is likely … Read more
HYDERABAD: Former Reserve Bank governor Raghuram Rajan said India will still remain a lower middle country if the growth rate remains at 6 per cent annually without any rise in population by 2047 (Amrit Kaal) and will be reaching the end of the demographic dividend by then. Speaking at a programme organised by Manthan here, … Read more
MUMBAI: The era of very low interest rates is behind us, veteran banker Uday Kotak said at the ET CEO Roundtable here on Tuesday, which deliberated on how India can thrive amid global turmoil.Kotak said the US Fed rates will not come down to zero. “We are in a world now where there’s going to … Read more
Notwithstanding the 10% upside seen in shares of Life Insurance Corporation of India (LIC) last week, broking firm Emkay Global has increased its target price on the PSU insurance stock to Rs 850 from Rs 760 earlier. “Even after the recent upmove in LIC shares, we maintain our stance that valuation remains attractive and prices-in … Read more