WPI shoots to 12.54% in Oct owing to food, crude oil, metals and chemicals
Highest increase in wholesale inflation since May; core inflation at an all-time high of 11.9% in October.
oil prices
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Oil at $83: Rising crude to spur green energy, kill oil!
Anything beyond $70 will kill the oil market, spur demand for alternative sources of energy, fuel demand for green energy: BPCL, HPCL.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
Covid-19: Impact on alternative assets
The alternatives industry faces short-term disruption due to the Covid-19 pandemic, but the longer-term impact is more positive, says Preqin.
Markets tank on oil futures crash
Both the BSE Sensex and Nifty 50 plunge nearly 4% intraday as fear grips equity markets after the historic collapse of U.S. crude oil prices on Monday.
The one bright spot in India’s economy
Amid slowdown blues India’s import bill is set to come down thanks to low crude oil prices, which will result in a surplus current account in FY21, last seen 17 years ago.
Markets bounce back after historic plunge on Monday
Markets recovered some ground a day after the steep 2,000 points decline on Monday. Recovery in global markets and rise in oil prices helped markets rebound on Wednesday.
‘June quarter revenue growth to be slowest in 2 years’
Corporate revenue growth seen around 5-6% in the first quarter of FY20 because of a broad-based slowdown in consumption.
Modi 2.0: Guardians of the economy
As India’s GDP falters, reporting its worst performance in the past 18 quarters, it is up to the new economic ministers to put the economy back on track.
Cabinet clears policy to promote new methods of hydrocarbon production
The move is aimed at improving the country’s energy production using new technologies. The incentives provided under the policy will expire in 10 years.
