Economy

Slight uptick in exports; COVID-19 induced lockdown hit markets The future investment outlook is subdued. Only 18% of respondents to a manufacturing sector survey for Q2 (July-Sept 2020) by FICCI reported plans for capacity additions for the next six months...

Normal business in 12-18 months, according to Amex survey Industries such as healthcare, pharma, and manufacturing witnessed growth despite the unprecedented time, according to a survey released by American Express India on 19 Nov 2020. The survey also had 51%...

DBIL-LVB merger positive for India, says S&P The Indian government is highly supportive of the banking sector and has consistently supported weak commercial banks by promoting the merger of distressed institutions with stronger lenders, says S&P Global Ratings of the...

DBS to inject $336m in LVB Singapore’s investment-driven DBS Group is set to be the first foreign investor to acquire a bank in India, 26 years after its first foray into the challenging but Asia’s largest consumer-driven market. The acquisition,...

Non-core asset monetization process being accelerated The World Bank is to provide advisory services to the Department of Investment and Public Asset Management (DIPAM) monetization of the government CPSEs under strategic disinvestment or closure and enemy property. The World Bank...

Under construction projects face delays Organized or branded hotels segment is forecast to added 44,000 rooms during 2020-24 as of May 2020, a CAGR of 2.8% and up from over 26,340 rooms that were added in the during 2017-19, at...

ECLGS 2.0 will provide 100% guaranteed collateral-free additional credit Taking cognizance of CII’s recommendation, the government’s decision to extend the Emergency Credit Line Guarantee Scheme (ECLGS) for the 26 stressed sectors identified by the Kamath Committee is commendable despite the...

PLI: ASSOCHAM sees multiplier effect on economic activities The Production-Linked Incentive (PLI) Scheme for 10 more sectors with an additional outlay of Rs.145,980 crore is a massive boost to India becoming a global manufacturing hub, ASSOCHAM Secretary General Deepak Sood...

CDPQ to strengthen its presence in India The structural reforms undertaken by India are likely to provide a strong foundation for such high growth well into the future, said Jase Auby, Chief Investment Officer, Teacher Retirement System of Texas. He...

MFI challenges to continue in the near term The microfinance industry would require an external capital of Rs.8,500-Rs.10,000 crore (30-35% of the closing net worth as of 31 March 2020) for growing at a rate of 15-20% pa over the...