The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 per cent from 6.8 per cent during the current fiscal ending March 31. The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global growth is projected to fall from an estimated 3.4 per cent in 2022 to 2.9 per cent in 2023, then rise to 3.1 per cent in 2024. “Our growth projections actually for India are unchanged from our October Outlook.
Posts tagged Rediff
Why Is Govt Silent On Adani Controversy? (31-01-2023)
So far the government has been silent on the charges being levelled, even after the stock price rout. Perhaps it is hoping for the share price to settle so that the matter goes away, predicts Aakar Patel.
‘Markets Are On A Weak Wicket. Hold Onto Cash’ (31-01-2023)
‘Only if the Budget springs some surprises we may see a halt in the selling.’
‘Don’t Expect A Populist Budget’ (31-01-2023)
‘While the Budget would be growth-friendly, it would not come at the expense of an increase in the fiscal deficit.’
Adani firms lose Rs 5.56 lakh cr in m-cap in 3 days (30-01-2023)
Shares of most of the Adani group firms ended lower on Monday, a day after it released a 413-page response to allegations of wrongdoing brought by a US-based short seller Hindenburg Research.
Exposure to Adani group less than one per cent: LIC (30-01-2023)
Life Insurance Corporation (LIC) on Monday said it has an exposure of Rs 36,474.78 crore to Adani group’s debt and equity, and the amount is less than one per cent of the national insurer’s total investments.
Markets close higher on gains in IT, oil stocks (30-01-2023)
Benchmark BSE Sensex and Nifty closed higher in a highly volatile trade on Monday, riding on the back of a recovery in IT, oil and financial stocks after a two-day fall. The 30-share Sensex recovered 169.51 points or 0.29 per cent to settle at 59,500.41. During the day, it rose by 313.34 points or 0.52 per cent to 59,644.24.
A report that sent Adani stocks crashing for 3rd day (30-01-2023)
Shares of Adani group firms have faced heavy drubbing since Tuesday’s close last week, after US-based short seller Hindenburg Research made damaging allegations against the conglomerate. Most of the group firms fell for the third day running on Monday. Since Tuesday’s close last week, shares of Adani Transmission have tumbled 41.66 per cent, Adani Total Gas tanked 39.57 per cent, Adani Green Energy declined 37.55 per cent and Adani Ports fell 23.75 per cent on the BSE.
New competition law likely to open up settlement route (30-01-2023)
In a relief to industry, the government has accepted a parliamentary panel’s recommendation on allowing cartels to opt for the settlement scheme under the Competition Amendment Bill, according to official sources. The proposed Bill seeks to introduce a clause for settlement and commitment that offers any enterprise against which an inquiry has been initiated to file an application for settlement. The Parliamentary Committee on Finance had suggested including cartels in the scope for settlement “as a pragmatic recourse to the whole process”.
Silver may outperform if there’s no lockdown in China (30-01-2023)
Silver, which is currently trading at Rs 68,453 per kilogram, has appreciated 21.7 per cent over the past three months. Investors, however, shouldn’t get carried away by its recent performance and put their money in it. Instead, they should evaluate its pros and cons and then take a considered decision based on their risk appetite.