Slumping growth opens the door for more RBI rate cuts
The RBI already has cut rates by 135 bps in 5 moves this year, the most by any Asian central bank. – Stocks-Markets-Economic Times
Month: December 2019
India plans to invest $1.39 trillion in infrastructure to spur economy
India will unveil a series of infrastructure projects this month as part of a plan to invest 100 trillion rupees ($1.39 trillion) in the sector over the next five years, … Read More
Vistara Plans To Add More Aircrafts, New Destinations
The airline which commenced commercial operations on January 9, 2015 has indicated plans to commence services to Europe and Japan by 2020-21. – NDTV Profit – Latest
Tweet Buster: Economy in deep freeze & why RBI should keep its powder dry for now
After 135 bps rate cut since February, experts see RBI to cut rates by 25 bps in December. – Stocks-Markets-Economic Times
Yes Bank Seeks Up To $2 Billion In Preferential New Share Issue
Shares of the Mumbai-based Yes Bank closed 2.5 per centlower ahead of the announcement on Friday. – NDTV Profit – Latest
Asian refiners strive to finish IMO preparations in hunt for profits
At SK Energy’s largest refinery in South Korea, engineers are rushing to complete a new processing unit ahead of schedule as the firm looks to boost sales of low-emission fuels … Read More
View: SBI’s card unit’s IPO reflects the Mukesh Ambani factor
SBI and its 26% partner, Carlyle, plan to sell up to 130.5 million shares in the IPO. – Stocks-Markets-Economic Times
GDP data, RBI meet among key factors that may guide D-Street this week
GDP growth rate slipped to 4.5% in the July-September quarter, lowest in over 6 years. – Stocks-Markets-Economic Times
China will not resort to quantitative easing – PBOC governor
China’s central bank governor Yi Gang said in a signed article published on Sunday that Beijing should maintain “normal” monetary policy as long as possible since economic growth is still … Read More
U.S. Black Friday shoppers stay away from stores, make $7 billion-plus splurge online
U.S. shoppers made more purchases online on Black Friday than in the mall – hurting traffic and sales at brick-and-mortar stores, according to data that offered a glimpse into what … Read More