Air India will keep on running till it is privatised: Aviation minister
In 2018, the government had proposed to offload 76 per cent equity share capital of the national carrier as well as transfer the management control to private players.Weeks after the Air India chief stated that the airline’s financial…
Sensex closes down over 300 points on last trading day of 2019; check key reasons
In the last session, the 30-share gauge ended 55.30 points, or 0.45 per cent, lower at 41,558. The Nifty, however, closed 10.05 points, or 0.08 per cent, higher at 12,255.85.The equity benchmark Sensex on Tuesday fell over 300 points in…
India needs to expand manufacturing, service industry: Panasonic Joint MD
Dinesh Aggarwal, joint managing director, Panasonic Life Solutions IndiaPanasonic Life Solutions India (formerly Anchor Electricals) expects to grow 16-17% annually over the next 2-3 years despite the challenging economic conditions and…
RBI in 2019: History behind, Shaktikanta Das-led central bank charts new trails sans acrimony
Even as it eased the rates, the RBI slashed growth estimates by an unprecedented 240 basis points since the rate cutting cycle began in February to a low of 5 per cent. (Reuters)When the Narendra Modigovernment, stumped by the sudden…
Stock market roundup 2019: Sensex, Nifty surge to record highs; rally remains selective
The BSE 30-share index hit 52-week low of 35,287.16 on February 19.Even as stock markets rallied in 2019, the surge was limited to a few large stocks as the mid and small stocks performed negatively. For investors, Sensex and Nifty gave…
Rural demand revival after 6 months; but, FMCG players have tricks up their sleeves to spur growth
Besides liquidity pressure, consumer sentiments were also weak because of no job addition, and salary hike was muted in 2019. (Reuters)With most of 2019 spent in battling for growth, the FMCG industry expects a revival in consumer demand…
Not PSU banks but these financiers are behind real estate growth amid slowdown
Despite the major ongoing slowdown, the fund flows to the realty sector has consistently continued.The PSU banks’ share in the growth of realty sector has halved in the last four years while a new form of financiers has rapidly started…