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Sitharaman tells central PSUs to scale up capex in FY21, FY22

New Delhi, Oct 19 | Stressing the need for capital expenditure (capex) by Central Public Sector Enterprises (CPSEs), Union Finance Minister Nirmala Sitharaman has...

India’s gold imports halve to $6.8B in Apr-Sep FY21

New Delhi, Oct 18 | Gold imports by India declined 57.12 per cent in the first half of the current financial year (2020-21) to...

Equity investors rise, brokerages witness clientele surge in FY21

Mumbai, Oct 14 | Even amid the pandemic, stock markets have had a bull run in the past few months. It is not just...

India’s FY21 GDP outlook worsens, IMF sees 10.3% contraction

New Delhi, Oct 14 | With the coronavirus pandemic still to be contained and the central government's stimulus measures having limited impact on economic...

Govt capex increased by Rs 25K Cr, total FY21 spend rises...

New Delhi, Oct 12 | The government has increased its capital expenditure budget to step up expenditure on projects that generate employment and spur...

GDP may contract 9.5% in FY21, agri-backed rural demand to lead...

Mumbai, Oct 9 | As the economy somewhat stabilises after a 23.9 per cent plunge in the GDP in the April-June quarter marred by...

JSPL reports 30% steel sales growth in Q2 FY21

New Delhi, Oct 6 | Jindal Steel & Power Limited (JSPL) has beaten the trend again reporting healthy growth in production and sales volume...

Edtech firm upGrad logs 50% revenue growth in Q2

Mumbai, Oct 6 | Edtech firm upGrad on Tuesday said it has reported a 50 per cent growth in its gross revenue in the...

India Inc expects steady recovery in Oct-Mar FY21: CII CEOs Poll

New Delhi, Oct 4 | The business fraternity expects a steady recovery in the Indian economy during the second half of the financial year...

FY21 central tax devolution to states expected to fall by over...

New Delhi, Oct 2 | Ratings agency ICRA has estimated that central tax devolution (CTD) to the states will be 36.2 per cent lower...

BharatPe aims Rs 1,000cr in loan disbursement in rest of FY21

New Delhi, Oct 1 | Aiming to disburse loans worth Rs 1,000 crore in the rest of the financial year 2021, merchant payment network...

Centre sticks to FY21 borrowing target, leaves room for states

New Delhi, Sep 30 | The Centre on Wednesday said it will borrow Rs 4.34 lakh crore in the second half of the current...

NTPC MoU with govt; targets Rs 98,000 cr revenue for FY21

New Delhi, Sep 30 | Country's largest power producer NTPC Ltd. proposes a revenue of Rs 98,000 crore from operations and 340 BU of...

‘Economic disruption to deter RBI from quantifying FY21 growth forecast’

New Delhi, Sep 27 | The dynamic economic upheaval unleashed by Covid-19 pandemic might hinder the Reserve Bank of India (RBI) from giving a...

Non-tax revenue of Rs 84,000 cr collected so far in FY21:...

New Delhi, Sep 20 | The Union Government has collected non-tax revenue of Rs 84,023.78 crore so far in the current financial year, Parliament...

Net direct tax collection declines 31% in Apr-Aug FY21

New Delhi, Sep 19 | The net direct tax collection in April-August period of the current fiscal was 31.1 per cent lower on year-on-year...

India’s FY21 cement consumption expected to drop by over 15%

New Delhi, Sep 16 | India's cement consumption is expected to drop by more than 15 per cent in FY21 due to weak property...

Covid impact: SpiceJet Q1 FY21 net loss at over Rs 593...

New Delhi, Sep 15 | Airline major SpiceJet on Tuesday reported a net loss of Rs 593.4 crore during Q1 FY21, as flight operations...

India’s GDP expected to contract 9% in FY21: ADB

New Delhi, Sep 15 | The Asian Development Bank (ADB) on Tuesday projected a 9 per cent contraction of the Indian economy in the...

Crisil revises FY21 real GDP growth forecast to (-)9%

New Delhi, Sep 10 | Credit rating agency Crisil has revised FY21 real GDP growth forecast for India to (-) 9 per cent from...

Ind-Ra now lowers forecast for FY21 GDP growth to (-) 11.8%

New Delhi, Sep 8 | Ratings agency India Ratings and Research (Ind-Ra) on Tuesday revised its FY21 GDP growth forecast further downward to negative...

Tile players’ turnover likely to decline 15-25% in FY21: ICRA

New Delhi, Sep 7 | The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry,...

Tax Devolution: Finance Commission advised to treat FY21, FY22 differently

New Delhi, Sep 5 | At a time when the Centre is facing difficulties to disburse GST compensation to states on the low revenue...

India’s apparel exports to register 40% growth in FY21: AEPC

New Delhi, Sep 3 | Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel, on Thursday said the apparel exports from the country is likely...

FY21 likely to see negative double digit real GDP growth: SBI...

New Delhi, Sep 1 | Even as the country's economic growth contracted by 23.9 per cent in Q1FY21, preliminary estimates indicate the fiscal will...

‘India’s residential real estate sector’s FY21 sales could dip 40-60%’

New Delhi, Aug 27 | Ratings agency ICRA expects the overall sales volume for completed and under-construction inventory to reduce by 40-60 per cent...

India’s steel demand expected to contract in FY21: Fitch Ratings

Mumbai, Aug 21 | India's steel demand is expected to contract in FY21, Fitch Ratings said on Friday.However, the ratings agency said that volumes...

World Bank may project steeper contraction of Indian economy for FY21

New Delhi, Aug 19 | As coronavirus cases continue to surge in India, restricting several economic activities, the World Bank may project a steeper...

FY21 electricity demand likely to drop by 4%: Fitch Ratings

New Delhi, Aug 18 | India's electricity demand is expected to drop by 4 per cent during the financial year ending March 2021 despite...

FY21 GDP contraction already crosses 6.8%: SBI Ecowrap

New Delhi, Aug 17 | India's FY21 GDP contraction has already crossed the (-) 6.8 per cent mark for 2020-21, SBI Ecowrap report said...

Real GDP growth in FY21 to remain negative: RBI Guv

Mumbai, Aug 6 | Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday reiterated that the real GDP growth rate in FY 2020-21...

COVID-19 fallout: Fiscal deficit may rise 6.8 pc of GDP in...

New Delhi, Aug 3 | With economic disruptions set for a long haul due to COVID-19 pandemic, India could see its fiscal deficit this...

Assets under management of NBFCs to contract in FY21: Crisil

New Delhi, July 29 | Assets under management (AUM) of NBFCs are likely to contract by 1-3 per cent in the current fiscal, for...

IL&FS expects to address Rs 57,000 cr debt by end of...

New Delhi, July 20 | The Board of IL&FS Group expects to address debt of about Rs 57,240 crore by the end of the...

FY21 domestic air passenger traffic expected to shrink by 40-45%: Crisil

New Delhi, July 15 | Curtailed mobility of people due to the Covid-19 pandemic is expected to shrink India's domestic air passenger traffic...

Corporate India’s capex outlay expected to contract by 20-26% in FY21:...

New Delhi, July 14 | Corporate Indias capex outlay would contract by 20-26 per cent in a year-on-year basis in FY21 due to the...

FICCI survey predicts 4.5% contraction in India’s FY21 GDP

New Delhi, July 12 | With economic activities coming to a halt amid the Covid-19 pandemic and the lockdown, the Indian economy is expected...

Auto component sector’s revenues estimated to decline by 14-18% in FY21:...

New Delhi, July 10 | Indias auto component sectors revenues are estimated to decline by 14-18 per cent in FY2021, driven by weak demand...

Oil & Gas: OMCs set to start FY21 with a bang...

New Delhi, July 9 | The Covid-19 demand suppression in early part of the year is likely to abate for oil marketing companies, now...

Domestic passenger traffic may de-grow over 40% in FY21: ICRA

New Delhi, July 3 | Rating agency ICRA expects domestic passenger traffic during 2020-21 to de-grow in the range of 41-46 per cent.The rating...

Fiscal deficit may rise 6.8% of GDP in FY21: Report

New Delhi, July 1 | With economic disruptions set for a long haul due to Covid-19 pandemic, India could see its fiscal deficit this...

Healthy monsoon rains to limit tractor volume fall in FY21

New Delhi, June 29 | Ratings agency Crisil expects a well-distributed and a normal monsoon to limit the impact of the COVID-19 pandemic on...

Covid halt: FY21 auto retail sales feared to crash by 25...

By Rohit VaidNew Delhi, June 29 | India's auto sector retail off-take might just come to a screeching halt as Covid-induced economic contraction hits...

India’s economy projected to contract by 4.5% in FY21: IMF

New Delhi/Washington, June 24 | Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, said the International Monetary Fund.In...

Pakistan govt presents budget for FY21

Islamabad, June 13 | The Pakistan government unveiled its budget for the fiscal 2020-21 amid an economic slowdown and challenges triggered by the ongoing...

Asset quality of affordable HFCs likely to deteriorate in FY21: ICRA

New Delhi, June 10 | The indicators of asset quality, new businesses and profitability of affordable housing finance companies (AHFC) are likely to decline...

EESL to set-up 2K EV charging stations in FY21

BY ROHIT VAID New Delhi, June 6 | Undeterred by Covid-19 outbreak power PSUs' joint venture EESL plans to ramp up installation of electric vehicle...

Air passenger traffic likely to fall by 45-50% in FY21: ICRA

New Delhi, June 3 | Air passenger traffic is likely to fall by 45-50 per cent in FY21, credit rating agency ICRA said on...

TN govt should present new budget for FY21: Stalin

Chennai, May 27 | The Leader of the Opposition in Tamil Nadu Assembly and the DMK President M. K. Stalin on Wednesday demanded the...

Business

IL&FS Group Vice Chairman Nayyar resigns, Rajan takes charge

Mumbai, Oct 19 | The Board of IL&FS Group on Monday announced the resignation of Vineet Nayyar as the Executive Vice Chairman of the...