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As Corporate India has started reporting its second quarter earnings, revenue of Indian companies is expected to rise about 15% year-on-year to Rs 10.2 lakh crore in the second quarter of this fiscal, according to CRISIL rating agency. The rise ...
Dalal Street closed higher after the Reserve Bank of India (RBI) raised benchmark repo rate by 50 basis points on Friday, along expected lines. The Sensex rose 1.8% and the Nifty 50 index jumped 1.64%.India’s central bank raised repo rate ...
The Reserve Bank of India raised the repo rate by 50 basis points (bps) to 5.9% in the recently concluded MPC meeting to tame inflation. The RBI’s monetary policy committee (MPC) expects uncertainty surrounding the course of geopolitical conditions to ...
Benchmark stock indices closed lower during the week as inflation remained high and investors were worried that global central banks would continue to raise interest rates to tame high inflation. For the week, the Sensex tumbled 1.59% to 58,840.79 and ...
The Indian economy is likely to grow at 6.8-7% in FY23 compared to earlier estimates of 7.1%, according to CareEdge Ratings. The Indian economy witnessed a growth of 13.5% in Q1FY23 compared to a growth of 4.1% in Q4FY22, due ...
Syrma SGS Technology is an electronic manufacturing services (EMS) company which is planning to raise capital through an initial public offering (IPO). The initial public offering comprises of fresh issue of shares worth Rs 766 crore and an offer for ...
India’s services sector growth continued to recover in March as lockdown measures were lifted. Companies registered faster expansion in sales and activity in 2022, but business confidence remained subdued due to inflation concerns.The S&P Global India Services PMI Business Activity ...
Data released by India’s government agencies showed inflation being at elevated levels due to rising food inflation and unfavourable base.India’s benchmark inflation rate, measured by the Consumer Price Index (CPI) rose to a seven-month high of 6.01 per cent on ...
A few economic data were released recently that showed the rate at which India’s economy rebounded slowed down, while retail inflation increased weighing on the country’s growth. Both manufacturing and services sectors were affected by rising input costs.Even data released ...
As the earnings season starts with Tata Consultancy Services declaring their results after market hours on Friday, Corporate India is likely to report a revenue increase of 18-20% to Rs 8.2 lakh crore in Jul-Sep quarter, compared to the same period last ...