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Wednesday, May 22, 2024
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Economy

Global stocks sell-off started in U.S. extends to Indian equities

American futures signaled further declines after a range of economic data dimmed the outlook for global growth.

Micro-financiers get dos and don’ts list for polls — how to behave with EC & cash limit

M-FIN, a body for micro-finance firms, issues guidelines directing members to carry proper documentation of cash and not to carry over Rs 50,000.

Modi govt met disinvestment target only because one public sector company bought another

Analysts say sale of govt’s shares in REC Ltd to the Power Finance Corporation is just an ‘eyewash’ because it doesn’t reduce its actual ownership.

RBI delays implementing new accounting rules, preventing pile-up of bad bank loans

The new rules were supposed to kick in at the start of the new fiscal, after being delayed last year.

Markets reverse early gains after an 8-day winning run

The S&P BSE Sensex fell 0.6% to 38,164.61 at the close in Mumbai, its steepest decline since 26 February.

Anand Piramal seeks to take advantage of India’s teetering property market

Piramal Realty is looking to buy land from distressed developers and build a portfolio of commercial assets.

Revisions to economic data a fact & revisions themselves based on facts: Finance ministry

Economic affairs secretary Subhash Chandra Garg said that revisions to economic statistics for which Modi govt came under fire are based on facts.

India is one of world’s fastest growing economies, says International Monetary Fund

Indian economy details would be revealed in the upcoming World Economic Outlook survey report, which will be released by the IMF in April.

New debt worries push borrowing costs of NBFCs to record highs

Access to funds will, in turn, become more expensive for a range of businesses at a time when economic activity is already teetering.

Top bond holders are trading central govt bonds for state govt debt

Lenders are earning extra returns of 100 basis points as some state govts are borrowing funds at as high as 8.4%.

On Camera

Lower oil prices lead to 4x profits for oil firms, bonanza for govt, but no relief for aam aadmi

Petrol & diesel prices have barely changed since June 2022, even though oil prices have fallen 28% since then. This has boosted profitability of OMCs and dividend payouts to govt.

‘Joint culture needed first’ — CDS Gen Chauhan outlines first steps on the road to theaterisation

ThePrint had reported earlier this month that while theaterisation is the ultimate goal, set to be rolled out one year from now, the focus is on structured jointness initiatives by 2024-end.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?