Page 24 - Economic Recovery

Hindustan Unilever expects Covid impacted products to rebound in 2021

The firm expects its 'Covid impacted' product categories, such as ice-cream and vending solutions, to rebound

Japanese economy sees recovery at 12.7% from coronavirus pandemic slump

Japan's seasonally adjusted gross domestic product had grown at a dramatic annualized rate of 22.9% in the July-September period

Expectations of GDP growth in Q3, Q4 becoming strong: PHDCCI

This is on account of various reforms undertaken by the government in the last ten months, PHDCCI said on Saturday

Govt pursuing reforms to make India one of world's top economies: FM

Sitharaman on Saturday said that the government, undeterred by the Covid-19 pandemic, has been pursuing reforms for achieving sustained long-term growth i

L'Oreal sales rebound as beauty business shifts online in pandemic

Earnings at luxury retailers and beauty companies were dented by the closure of airport duty-free shops and high street stores

US: Fed policymakers see rebound ahead, even if no Covid herd immunity

Analysts have long predicted economic activity will pick up as more people are vaccinated, but hopes for a quick path to a fully immunized populace have faded amid vaccine shortages

Unfair economic practices a worry, says Biden in first phone call with Xi

Xi reiterated during the call that cooperation was the only choice and that the two countries need to properly manage disputes in a constructive manner

Hiring sees growth in education, real estate in January: Naukri

Hiring activity saw sequential growth in certain sectors including education, real estate and banking, said a new report from job portal Naukri.com

Economic recovery lowers risk of PSBs' asset quality deterioration: Moody's

Moody's Investors Service on Thursday said India's economic recovery reduces the risk of a sharp deterioration in public sector banks' asset quality

India's Budget points to a loosening of fiscal policy: Fitch Ratings

The Budget points to a loosening of fiscal policy to support the country's ongoing economic recovery from the pandemic and will consequently lead to a rise in public debt, Fitch said

Indian economy to contract by 7% in current fiscal: SBI Research

SBI Research on Wednesday revised its contraction forecast for the current fiscal year to 7 per cent.

Credit risk funds report positive flows in January as economy recovers

Debt schemes take significant exposure in not-so-highly rated companies and had lost their appeal after April 2019

Base Effect: India's FY22 GDP expected to grow 10.4%, says Ind-Ra

The growth will be primarily driven by the base effect, said India Ratings and Research (Ind-Ra)

Exports continue to register positive growth, up 10.3% during February 1-8

The rise was helped by strong performance by key sectors such as engineering and chemicals

Migrant workers returning, getting work: Labour and Employment Minister

Millions of migrant workers went back to their home states during the COVID-19 pandemic

Finmin pins hope on vaccine drive for robust recovery in services sector

GDP contraction of 7.7% is much smaller than expected, DEA says

Incorporation of companies up 20% in FY21 despite pandemic: MCA

The number of new companies formed in the current financial year rose despite the pandemic

Vehicle registrations in January declines over 9% from last year

Vehicle registrations in January 2021 declined 9.66 per cent on a year-on-year (YoY) basis

Corporate air travel takes wing on economic revival, low Covid-19 cases

Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power

Canada's unemployment rate hits new high amid second virus wave

The unemployment rate in Canada rose by 0.6 percentage point to 9.4 per cent in January