Business
India Needs to Make Efforts to Get Rating Upgrade in Line With Fundamentals, Says CEA K V Subramanian
The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals.
US Employment Costs Rise Modestly In Fourth Quarter
Wages and benefits for U.S. workers rose in the last quarter of the year even with employers trying to hold the line on pay gains as the pandemic rankles the economy.
Reforms in Agriculture Markets Will Enable Creation of ‘One India, One Market’, Says Economic Survey
According to the survey, the agricultural reforms would enable farmers to sell where they get the “best deal” and thereby, allow competition, an essential condition for the welfare of the small farmer.
Cover of the Economic Survey Hints at Budget Focus: Here's What It Tells Us
The cover gives a hint as to the focus of the government in cementing India's economic recovery by focusing on infrastructure spending.
Robinhood Restricts Stock Trading In GameStop, Other Cos.
The online trading platform Robinhood is moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors.
US Economy Shrank 3.5% In 2020 After Growing 4% Last Quarter
Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.
US Durable Goods Orders Show Modest 0.2% December Gain
Orders to U.S. factories for bigticket manufactured goods rose a modest 0.2% in December, held back by a big drop in the volatile aircraft sector. A key category that tracks business investment decisions slowed.
Petrol, Diesel Prices Touch Record High in Delhi, Mumbai. Check Rates Here
The ministry of petroleum and natural gas had requested the finance ministry to cut taxes after prices started rising in the month of January.
Indian Startups Received $10.14 Billion in Funding in 2020; E-Commerce, Edtech Biggest Gainers: Report
In terms of sectors, e-commerce attracted the highest investment with USD 3 billion, followed by fintech at USD 2.37 billion and edtech at USD 1.52 billion. The biggest gainer has been the edtech segment that grew four times this year from USD 380 million...
Unchanged Corporate Tax, Benefits on CSR: What Corporate India Can Expect from Union Budget 2021
In line with earlier relief packages, there is a lot of expectation from the upcoming Union Budget 2021 on 1 February.
53% Indian Firms Plan Hirings, 60% Set to Increase Salaries as IT Sector Leads Rebound
The top four IT firms — TCS, Infosys, HCL Technologies and Wipro - collectively plan to hire 91,000 from campuses this year.
Country's Economy is Gradually Recovering, Says Montek Singh Ahluwalia
An article published in the Reserve Bank of India's January Bulletin has stated that the country's GDP is within the striking distance of attaining positive growth.
Chipmaker Intel Corp. Probes Reported Website Hack
The computer chipmaker Intel Corp. says it is investigating a reported hack of its corporate website that prompted it to release a quarterly earnings report early.
Existing Home Sales Rise In 2020 To Highest In 14 Years
Sales of existing homes rose 0.7% in December, pushing the entirety of 2020 to a pace not seen in 14 years and providing one of the few bright spots for a U.S. economy mired in a global pandemic.
HDFC Bank Submits Plan of Action to RBI, Hope to Fix Outage Issue in 3 Months
The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection.
Oil Down $1 As China COVID-19 Cases Trigger Clampdowns
Oil prices fell on Friday, retreating further from 11month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world's biggest oil importer.
