Has Covid-19 made PSBs more vulnerable?
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
recession
March 2021
February 2021
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April 2020
U.S. macro woes drag down Indian indices
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
Q2 GDP: In recession but on the road to recovery
Economists say the full fiscal year is likely to see contraction in GDP growth at 8%.
Stimulus 3.0 and India’s growth mantra
The latest stimulus package announced by finance minister Nirmala Sitharaman shows a movement from the safety net approach to an investment and growth push.
Leveraging automation for economic recovery
AI and automation will have a critical role to play in helping businesses recover from the Covid-19-led economic downturn.
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
RIL’s credit rating could be upgraded
Facebook’s $5.7-billion investment in RIL’s subsidiary will help both companies monetise their digital platforms; it will also aid in deleveraging RIL’s balance sheet, says Fitch Ratings.
The build-up to RBI’s ‘bazooka’
Minutes of RBI’s Monetary Policy Committee meeting highlight that members were divided on the space for future rate cuts.
Dependence on China will continue: Harsh Goenka
Unless the government throws a big lifeline, many Indian businesses may become insolvent in the aftermath of the Covid-19 pandemic, the RPG Enterprises chairman says.
Covid-19 to take a toll on credit ratings in FY21
Ratings agency CRISIL pegs India’s GDP growth at 3.5% for FY21; says the number of downgrades will outnumber upgrades, as companies suffer from lack of revenues.
