Page 10 - Economic Recovery

'V'-shaped recovery on resumption in business activity, says Nomura

The labour participation rate moderated to 40.4 per cent from 40.6 per cent. "

Central banking conundrum

RBI should not continue to ignore inflation risks

The point-of-sale machine: Clearly, there is a world beyond the swipe

The point-of-sale machine has evolved from a mere swiping facility to a tool used by merchants for inventory management, bookkeeping and more

Markets priced to perfection; don't factor in third Covid wave: Jigar Shah

The markets are priced to perfection and do not take into account a third wave., says Shah

Revenge spending spurs rally in consumer stocks: Check details here

Investors bet on lockdown-weary Indians binging on luxury watches, jewellery, cars, and renovation.

China's economy grows more slowly than expected in second quarter

China's economy grew more slowly than expected in the second quarter, as slowing manufacturing activity, higher raw material costs and new Covid-19 outbreaks weighed on recovery momentum

Shortage of chips, worth a few dollars, costing global firms billions

Vehicles, computers, mobile phones, and other smart gadgets, with sticker prices ranging up to thousands of dollars, are stuck on assembly lines for lack of components

Big banks expand share in corporate lending amid pandemic stress

The corporate banking space had started consolidating even before Covid, driven by the RBI's steps on opening current accounts of corporates and others.

It's the best time to buy a house for your own use, say analysts

Chances of realty prices declining further are slim

S&P affirms India's sovereign rating at 'BBB-', keeps outlook stable

But says country's fiscal settings are weak, and deficits will remain elevated ahead even as the government undertakes some consolidation

Recovery tracker: Office visits at 78% of pre-Covid days as cases fall

Roads see more traffic and power generation a brighter week

Economy recovering due to targeted fiscal relief, rapid vaccination: FinMin

This is on the back of targeted fiscal relief, monetary policy and a rapid vaccination drive: FinMin

Gradual receding of Covid cases has created scope for eco recovery: PHDCCI

The gradual receding of the second wave of the COVID-19 pandemic has created scope for the economy to recover from the daunting impact witnessed in April and May 2021: PHDCCI

Hiring activity bounces back with 15% rise in June, finds report

The activity was led by the IT-Software/Software Services sector.

IMF calls for urgent action to address worsening 'two-track' recovery

As G20 finance ministers and central bank governors are set to gather later this week, the International Monetary Fund called for urgent action to address a worsening 'two-track' recovery

US Fed keen to be 'well positioned' to act on inflation, minutes show

Federal Reserve officials last month felt substantial further progress on the US economic recovery "was generally seen as not having yet been met"

Dollar near three-month high after Fed minutes reaffirm taper timeline

The dollar index, which measures the greenback against six rivals, held its ground at 92.702, little changed from Wednesday, when it touched 92.844 for the first time since April 5

European Union upbeat over economic growth, concerned about inflation

Real gross domestic product is expected to return to its pre-coronavirus crisis level in the last quarter of this year.

Fitch cuts India growth forecast to 10%, says vaccination to help revival

Rapid vaccination could support a sustainable revival in business and consumer confidence: Fitch

IT industry to post strong recovery with 11% revenue growth in FY22: Crisil

The recovery will be led by increasing outsourcing and accelerating digital transformation services mainly in sectors such as banking, financial services and insurance (BFSI), healthcare, and retail