Economic recovery remains fragile as India tries to recover from its worst contraction

The sharpest contraction was in the construction sector (-50.3 per cent), followed by trade, hotels, transport, storage and communication (-47 per cent) and manufacturing (-39.3 per cent).

published on : 17th October 2020

Republic TV approaches Bombay HC to quash the FIR in TRP scam

The petition was filed on Friday asked to initiate disciplinary proceedings against Mumbai Police Commissioner Param Bir Singh for "gross dereliction of duty and abuse of power."

published on : 17th October 2020

Madras HC asks TN to explain how it handles wild elephants entering from other state forests

The high court passed the order on a petition which alleged that the Tamil Nadu forest staff recently chased an injured elephant into Kerala forests.

published on : 9th October 2020

Mumbai Police busts 'fake TRP racket', names Republic TV

Republic TV denied the allegations and said it will file the defamation case against the Mumbai Police soon.

published on : 8th October 2020

Indian banks face tough operating environment

Indian banks face a tough operating environment as stressed loans and write-offs increase on account of the fall-out of the pandemic, said Fitch Rating on Tuesday.

published on : 7th October 2020

Reduction in domestic gas price to hike losses for upstream companies: India Ratings and Research

The agency cited that a new gas pricing framework could benefit the upstream companies while the other sectors may face a low-to-medium negative impact.

published on : 3rd October 2020

Revised swimming SOP soon

The protocols are expected to be out on Friday or Saturday. However, reopening of pools will be decided by the states. 

published on : 2nd October 2020

Collective fiscal deficit of 18 states at 40.7 per cent in Q1, revenue deficit soars to 285 per cent: India Ratings

The collective fiscal deficit of the 18 states stood at 40.7 per cent of BE in Q1 as against 13.4 per cent a year ago.

published on : 1st October 2020

Sea and road transport recovering, air transport still under lockdown pressure: India Ratings

With airline carriers re-starting operations from June, air transport activity too is normalising with plant load factor at around 65 per cent for flights though substantial fleet remains grounded.

published on : 28th September 2020

India Ratings revises banking sector outlook to negative for second half of FY21

In the worst case, the spike in stressed assets due to the pandemic is expected to double the credit costs for the banking system than estimated pre-COVID-19 levels for FY21, it said.

published on : 18th September 2020

Parliament passes bill to give statutory status to aviation regulators

The bill that was passed in Lok Sabha on March 17 also entails to increase the fine for violations from Rs 10 lakh to Rs 1 crore.

published on : 16th September 2020

Moody’s, Care Ratings slash India’s GDP forecast amid no fiscal stimulus

According to Care’s chief economist Madan Sabnavis, the forecast was lowered under the assumption of there being no fiscal stimulus from the government.

published on : 11th September 2020

Stake sale in retail arm will help Reliance Industries to pursue growth initiatives: Analysts

'The transaction is credit positive as it will enable RIL to continue to pursue other growth opportunities while maintaining zero net debt,' Moody's said in a note.

published on : 10th September 2020

India's GDP may see double-digit contraction in FY21: Ratings agencies

On Tuesday agencies including Goldman Sachs, Fitch Ratings and India Ratings downgraded their growth estimates, now expecting GDP to contract in the double-digits. 

published on : 9th September 2020

Global economy to contract 4.4 per cent, China to grow at 2.7 per cent in 2020: Fitch

Fitch now expects the global GDP to fall by 4.4 per cent in 2020, less than 4.6 per cent contraction it projected in June.

published on : 8th September 2020
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