Page 4 - Economy Of India

Okinawa Autotech to invest Rs 1200-1,500 cr in e-two-wheelers in two years

This includes the JV with Tacita; company is in talks with PE firms

Developing economies can have climate resilient energy independence: Report

As one of the fastest growing large economies, India's burgeoning energy sector can make a major contribution to immediate and deep emissions reduction: IEEFA

L&T's transportation infrastructure business bags 'significant' contracts

Larsen & Toubro (L&T) on Tuesday said its transportation infrastructure business has secured various orders from prestigious clients. The company did not provide the value of the contracts, but said the orders fall under the "significant" category, which ranges between Rs 1,000 crore and Rs 2,500 crore according to the classification of contracts. The business has secured an order from the Tamil Nadu Road Infrastructure Development Corporation to construct the Chennai Peripheral Ring Road EPC-02 package of section-II in the engineering, procurement and construction (EPC) mode. The scope of work broadly includes constructing a six-lane greenfield highway of 12.80 kms with flexible pavement, two-lane service roads and paved shoulders on both sides of the carriageway, at-grade intersections, major/minor bridges, vehicular/light vehicular/ small vehicular underpasses, and culverts followed by maintenance for seven years, L&T said in a statement. The railways business unit ...

Bank of Maharashtra emerges leader among PSBs in deposit mobilisation in Q3

Bank of Maharashtra (BoM) has become top performer among public sector banks (PSBs) in terms of growth in deposit mobilisation in the third quarter ended in December 2021, according to an analysis. The Pune-headquartered lender recorded a 15.21 per cent increase in total deposits at Rs 1,86,614 crore in the October-December period of 2021-22, according to the data published by the bank. An analysis of data disclosed by various lenders for the third quarter showed that BoM was followed by Punjab & Sind Bank which posted a 10.87 per cent growth in total advances with aggregate loans at Rs 1,00,351 crore. When it came to savings deposit mobilisation, BoM recorded an 18.33 per cent growth at Rs 80,815 crore. It was followed by Bank of Baroda that reported a 12.36 per cent rise at Rs 3,22,909 crore and State Bank of India. SBI posted an increase of 10.30 per cent. However, in absolute terms, SBI's savings deposit base was 18 times higher at Rs 14,73,506 crore as against BoM's Rs 80,815

Second Covid-19 wave may lead to slowdown in coming months: PHDCCI

Imposition of partial lockdowns and curfews in many parts of the country has created incipient signs of economic slowdown in the coming months, says industry chamber PHDCCI

IHS Markit sees India's FY22 GDP growth at 9.6% amid rising Covid cases

Those at Nomura, too, expect the pain in the economy to grow given the recent measures to curb the pandemic. However, they believe that the overall impact will be muted and be for the short-term

Economic cost of mobility curbs, lockdowns at Rs 1.5 trillion: SBI report

SBI has also lowered the gross domestic product (GDP) estimates for fiscal 2021-22 (FY22)

Budget 2021 aims to reset economy with honesty in numbers, without doles

Budget aims for minimum government interference while ensuring there is certainty in the tax rates and other rules

Economic contraction in India an opportunity for long-term investors: Wood

Chris Wood expects the recently concluded quarter to mark the bottom of the economic contraction

Deep Dive with AKB - How Coronavirus may spoil Budget 2020 maths

In this episode of DeepDiveWithAKB, Business Standard Editorial Director A K Bhattacharya examines if the numbers assumed in Budget 2020 are still relevant

$5 trillion economy is just a phase, targets are bigger and higher: PM Modi

Action against corrupt should not be seen as govt crackdown on corporates, says PM

GDP growth tanks to 4.5% in Q2; core industries' output shrinks 5.8% in Oct

Fiscal deficit in the first seven months of FY20 already at 102% of government's target for full financial year

India's economic slowdown will reverse in coming quarters: Mukesh Ambani

What I see happening in the past 2-3 years is transformation, said Ambani

Job crisis signal

Young people opting for MGNREGA work is worrying

India's sluggish animal spirits signal no recovery in economic growth

Businesses are pinning their hopes on a revival in consumer demand during the upcoming Diwali religious festival in India

Growth, income, poverty and the Nobel

There is good reason for caution in applying the results of randomised control trials across space and time

IMF says India's growth 'much weaker' than expected; cuts FY20 projection

The economic growth slowed to a seven-year low to 5% in April to June quarter from 8% a year ago

Indian consumers remain confident despite economic slowdown: Nielsen

Country tops consumer confidence index in April-June; economists say more pain ahead

India stays lower-middle-income nation while Sri Lanka gets richer: Report

Maldives ($9,310 or Rs 6,36,432) and Sri Lanka ($4,060 or Rs 2,77,542) are the only two countries in South Asia in the upper-middle-income group

Jalan panel report on RBI's capital reserves likely to be out next month

The panel will propose a suitable profit distribution policy, taking into account all the likely situations of the RBI