Bears hold grip on market; investors lose ₹13.3 lakh crore in 4 sessions
The BSE Sensex has fallen 2,575 points, or 4.3%, in the last four trading days, while the Nifty50 has lost 800 points, or 4.5%, during the same period.
inflation
September 2022
Startup VC funding up 9.7% at $995 mn in Aug
August managed to reverse the decline in fundraising, despite a 2.3% fall in deal volume; apart from India, VC funding also rises in China.
Rupee hits new all-time low of 80.88 against US dollar
Fall comes after a record rise in the US dollar, which hit a two-decade high after the U.S. Fed raised key rates by 75 bps to 3-3.25%.
Sensex, Nifty to fall as Fed hikes rate; RIL, Wipro, IDBI Bank, PNB, SpiceJet shares eyed
The Sensex and Nifty are poised to open sharply lower on Thursday, in line with global equities as the U.S. Fed continued its hawkish policy stance to fight inflation.
ADB cuts India GDP growth forecast to 7% for FY23
India's GDP estimates for FY24 also slashed to 7.2% from 8.0%; ADB says inflation will remain elevated in this, next fiscal year
Digitisation led to maximum financial inclusion in MSMEs: FM
FM Nirmala Sitharaman says MSMEs are backbone of country; urges private sector and industry to commit to making payments to MSMEs in 45 days
India has $5 bn new export opportunity in Russia: FIEO
“With Europe maintaining sanctions on Russia, we expect the trade to divert from Russia to India,” says A Shakhtivel, President, FIEO.
75.3% capacity utilisation reflects activity in eco: SBI’s Khara
The monetary tightening amid fight against inflation will not affect the credit off-take and investment cycle in the economy, says SBI Chairman Dinesh Khara.
Can India Be a Global Food Bowl?
India has the ability to become the world's largest food producer, but feeding the globe while ensuring food security to its 1.4 billion people is not going to be an easy task.
Rising rates to improve margins for Indian banks: Fitch
Indian banks’ net interest margins are expected to widen by 20 bps-30 bps in the near term, based on the assumption that the repo rate will reach 5.9% by December 2022 and 6.15% by the end of 2023.
