RADHIKA JEWELTECH LTD Q3 RESULTS
RBI MPC Policy: Reserve Bank leaves inflation projection for FY24 unchanged at 5.4%
RBI Monetary Policy: The Reserve Bank of India's Monetary Policy Committee today left interest rate target for the next fiscal year unchanged. India's policymakers implement measures to control inflation through monetary and fiscal interventions, export restrictions, and actions against hoarding. Finance Minister Nirmala Sitharaman recently stated that retail inflation is stable, thanks to government efforts to check price rise in perishable commodities.
India's Q2 GDP growth seen at 6.7% on strong services play
Robust manufacturing and construction activity also likely contributed to growth in the second quarter, economists said. Forecasts ranged from 6.2% to 7%. The economy grew 7.8% in the April-June quarter and 6.2% in the July-September quarter last fiscal.
India's Q1 GDP growth may hit one-year high banking on capex spike, services activity: Economists
India Q1 GDP news: The Indian economy likely grew at a rate closer to 8 per cent in the first quarter of FY24 owing to pick-up in the country's services sector, higher capital expenditure by central and state governments and stronger consumption, economists have said. The Narendra Modi-led government of late increased focus on capex.
Economists hail India's GDP growth in Q4, but warn of rocky terrain ahead
Amid global slowdown and worries of a recession, India's economic growth GDP accelerated to 6.1% in the March quarter, boosted by government and private capital spending even as private consumption remained sluggish. Economists, though surprised with the quicker-than-expected growth, have warned that the road ahead could be rocky as the recovery remains uneven, with worries of El Nino clouding further optimism.
India's economy grew faster at 5.1% in Q4: Economists
An ET poll of 20 economists pegged growth in the January-March period in the 4.1-5.7% range with the median at 5.1%, higher than the 4.4% recorded in the preceding quarter.
India's retail inflation slows to 6.4% in Feb, stays above RBI's tolerance limit for second straight month
Higher inflation has been a concern for central banks across the world, including India, as the uncertain nature of the Russia-Ukraine war compounded supply-side disruptions in the post-pandemic world that was barely going through a nascent recovery from economic shocks.
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Here’s what experts think about India’s slowing growth rate
Slower GDP growth can be attributed to aggressive rate hikes by the Reserve Bank of India in order to tame the high inflation levels in the country. In addition to these factors, the slowdown in exports and consumer demand has also contributed in bringing down the numbers. The dent in consumer demand can be linked with the bullish rate hikes by the RBI to bring down inflation in the past few months.
Stocks in news: Coal India, Maruti Suzuki, Tata Motors, Eicher Motors, NDTV, MOIL
Founders Prannoy Roy and Radhika Roy will receive a little over Rs 602 crore for selling 27.26% stake in the news broadcaster to Adani Enterprises at a per-share price of Rs 342.65.
This multibagger loses sheen post 1,250% rally in a year; can it regain lost momentum?
The stock is Radhika Jeweltech, a gem and jewellery player, which has zoomed as much as 1,250 per cent in a little over a year. However, it has dropped about 20 per cent from its 52-week high amid ongoing correction. Shares of Radhika Jeweltech surged 1,240 per cent from Rs 15 in April 2021 to scale its new lifetime peak of Rs 201 on May 20, 2022. That said, the stock is currently trading near Rs 165.
Ahead of the Q4 GDP numbers, here's what the economists are saying
India's economy likely slowed in the fourth quarter and is expected to grow between 3.5-5.5%, economists predict. The fourth quarter economic growth is likely to see a dip due to the impact of localised restrictions during the Omicron wave and higher commodity prices due to the Russia-Ukraine that impacted the margins of firms.
India may have turned recession corner in Q3
India’s GDP contracted 23.9% in the June quarter following what was regarded as the strictest lockdown in the world that was imposed on March 25 to contain the coronavirus spread. In the September quarter, GDP shrank 7.5%.
Tweet Buster: Why Taleb sold his Bitcoin holding & Cassel on how long to hold a stock
At a time when the wind seems to be blowing in favour of Bitcoin, Nassim Nicholas Taleb, author of 'The Black Swan', said he has been getting rid of his Bitcoin.
Covid-hit Indian economy may have shrunk 14-26% in Q1, say economists in ET poll
India needs to gain control over the outbreak to ensure that economic recovery is sustained, said most of the economists polled by ET, warning that local lockdowns were hurting the nascent recovery. They called for more measures from the govt to support growth.
Q3 GDP growth at 4.7%: Worst is yet to come, say experts
India's Q3 GDP growth rate stood at 4.7 per cent, official data showed on Friday.
Stimulus measures to support sentiment but headwinds to drag growth to 6.4 per cent: Moody's
The measures announced, including an offer of tax incentives and some reforms across a variety of sectors, were an effort to stimulate slowing economic growth
Stocks in the news: Neogen Chemicals, Vedanta, ZEEL, Vakrangee and RBL Bank
Ambit Capital has maintained sell rating on Bharti Airtel with a target price of Rs 284.
$400 billion & counting: India puts up a special show
India now ranks eighth in foreign exchange reserves in a list that’s headed by China.
RBI cuts repo rate by 25 basis points: Here's what experts say
25 bps rate cut by itself will not result in a large fall in interest expenses for the businesses.
Sensex ends 148 points higher; Nifty above 8450; SBI loses steam on higher restructured loans
Investors appear to be buying equities on comfort that the RBI may ease lending rates on June, and the US Federal Reserve may not hike rates soon.
Five reasons why India should not fret much about a US Fed hike
The tension of Fed hike is making its presence felt on the bourses, with the Sensex slipping by nearly 1,000 points so far in March.
US Fed rate hike will not affect India if Modi govt delivers key economic reforms
For India to decouple from the worries of emerging markets, the government needs to deliver on some of the key things Modi has promised.
Waiting for PM Modi? Five reasons markets are not rising
Market is now speculating on what PM Narendra Modi's big announcements will be in his maiden Independence Day address.
Economists see Q4 GDP at 4.8 per cent in March quarter
Economists today forecast a sub-five per cent readings in the March quarter GDP, pulling down the overall economic expansion in FY13 to a decadal low.
August IIP below estimates: Analysts view
Industrial output growth for July was upwardly revised to 3.84 per cent, the federal statistics office said in a statement.
February IIP growth at slower-than-expected 3.6% versus 3.7% in January
The IIP growth dropped marginally by 0.1% as compared to the figure in January. Manufacturing output rose an annual 3.5%.
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