MUMBAI: The street failed to take comfort from Paytm management’s assurance to investors that the company would disassociate from Paytm Payments Bank (PPBL) and partner with other banks following the Reserve Bank of India’s (RBI) move to severely restrict operations of PPBL. For the second straight day, the stock price of One 97 Communications (OCL) … Read more
New Delhi: Both private and government investments are likely to be the primary driver of economic growth in 2024, backed by improving prospects of rural consumption with easing of inflation and increased spending in an election year, economists said. “We expect a pickup in corporate capex when the Union budget is presented after the general … Read more
Overnight money market rates could ease next month, as the Reserve Bank of India’s latest policy tone suggests that it could tolerate funds flowing to the system through government spending as long as durable liquidity keeps reducing, in line with the central bank’s inflation targeting aim. “Should govt spending pick up in Q4 and lead … Read more
Economists raised their full-year projections for India’s economy sharply after data on Thursday showed growth outperformed last quarter, fueled by a manufacturing boom. Barclays Plc and Citigroup Inc. predict the economy will now expand 6.7% in the fiscal year ending in March, up from previous forecasts of 6.3% and 6.2%, respectively. Several other analysts also … Read more
NEW DELHI: The government on Thursday stuck to its full year economic growth projection of 6.5%, banking on the growth momentum remaining strong and a pick-up in rural demand as well as private investment. Addressing the press conference after the release of GDP data for the June quarter, chief economic adviser V Anantha Nageswaran said … Read more