Stock indices globally saw fresh highs, including Wall Street and India’s own Dalal Street, as reflation trade has gathered pace. Reflation trade happens when there is the prospect of growth following a badly hit economic loss. The reasons for the reflation push include positive developments such as the coronavirus vaccine rollouts progressing, the hope of …
One of the biggest casualties of the coronavirus pandemic in March 2020 was the aviation sector. As country after country imposed restrictions on international flights to curb the spread of the virus, the aviation sector began to feel the pinch. According to the International Air Transport Association (IATA), air traffic demand for international travel dropped …
After a lull of several months when Covid-19 cases had seen a considerable decline, the active cases have been on the rise again, with February 21 registering 14,199 new cases. New cases had hit a low of 9,121 on February 16. Fears of a second wave and increased restrictions have dragged the stock market down, …
Will insurance firms be allowed to invest in debt securities issued by real estate or infrastructure investment firms? The answer is yes. News reports suggest that the Insurance Regulatory and Development Authority (IRDA) is planning to permit such investments in a bid to boost REIT and InvIT investments attractive. What are REITs and InvITs? It …
India’s economy is out of a technical recession and returns to the growth path in the third quarter of FY 2020-21, with a 0.4 per cent increase in the Gross Domestic Product. This comes on the back of a huge 24.4 per cent contraction in the June quarter, following a pandemic-associated lockdown. The September quarter …
India’s exports have dropped marginally by 0.25 per cent to $27.67 billion in February as imports rose nearly 7 per cent to $40.55 billion, provisional data from the Ministry of Commerce and Industry shows. This means that the trade deficit has widened to nearly $13 billion in the month gone by compared to $10.16 billion …
Retail petrol and diesel prices have touched record highs over the past few days. On March 3, petrol price for a litre was unchanged for the fourth day in a row at Rs 97.57 in Mumbai, Rs 91.17 in Delhi, Rs 93.11 in Chennai and Rs 91.35 in Kolkata. Diesel prices too have been left …
A year after the first lockdown was imposed in India, the country has seen a rise in the number of cases yet again, indicating that this is the dreaded second wave of Covid-19 infections. On Wednesday, India registered 47,262 Covid-19 cases and 275 fatalities, taking the tally of infections to 11,734,058 and the death toll. …
As the second wave of Covid infections grip several states in the country, what does it look like for the retail sector? In February, as Covid infections dropped from the September 2020 levels, the Indian retail sector heaved a sigh of relief as sales figures came in. The Retail Business Survey showed that February sales …
India’s inflation has been a cause for concern, according to a recent Moody’s Analytics report which says inflation is “above comfort levels” in India. The report also noted that Asian economies barring China have shown some sort of inflation-related worries. Moody’s Analytics further noted that the rise in retail inflation to 5 per cent in …
