Economy

Adani Ports and Special Economic Zone Ltd (APSEZ) is expected to maintain its ratio of funds from operations to debt at more than 15% following its acquisition of 75% of Krishnapatnam Port Co Ltd for an enterprise valuation of Rs.135...

The economic landscape has deteriorated so fast lately that FY20 is turning out to be a year of rapid downward growth revision, noted Dr. Sunil Kumar Sinha, Director - Public Finance & Principal Economist at India Ratings & Research (Fitch Group).

The Reserve Bank of India (RBI) has granted “In-principle” approval to Shivalik Mercantile Co-operative Bank Limited for transition into a Small Finance Bank (SFB) under the “Scheme on voluntary transition of Urban Co-operative Bank ((UCB) into a Small Finance Bank”.

PHD Chamber of Commerce and Industry appreciates the government’s decision to review all existing Foreign Trade Agreements with its various FTA partner countries and groups, as India had very limited benefits from these pacts.

Technology is definitely impacting positively and raising the productivity hugely, with which the credit cost will come down and that benefit will be passed onto corporate clients.

The government has been called on to find ways to infuse at least Rs.1-2 lakh crore into the economy to boost construction and infrastructure developments and to clear up the back log of pending payments despite the concern about fiscal...

India’s exports and imports are expected to decline to US$332-$337 billion and US$493-498 billion in FY2020 from US$337.2 billion and US$517 billion, respectively in FY2019, says ICRA, a Moody’s Investors Service Company, in its latest report on Indian economy.

A rerun of the positive flows outlook is likely for the Indian economy in 2020 if conditions stay conducive as was witnessed in 2019, says Singapore banking group, DBS.

The India-Mauritius Comprehensive Economic Cooperation (CECPA) is near finalization as negotiations for trade in goods and trade in services have been completed, said the Commerce and Industry Ministry on 1 Jan 2020.

Higher education institutions should be allowed to invest their surpluses, estimated at Rs.15,000 crore, in a wider range of asset classes, said the Federation of Indian Chambers of Commerce and Industry (FICCI) in a pre-Budget interaction with the Finance Ministry.