Finance

Maintaining growth momentum in 2016 ‘challenging’: HSBC

Attributing the uptick in growth to gains from low oil prices and the government’s focus on capital expenditure, foreign brokerage HSBC today said it would be difficult to maintain the momentum next year though. “Our key drivers of growth over the last year could face headwinds, going forward,” it said in a note, elaborating that oil prices which slid to ... Read More »

Fitch retains India’s rating, says growth will continue

India will continue to post good growth despite subdued prospect for the Asia Pacific region amid expected rise in US rates, dollar strength, and lower commodity prices, Fitch said while retaining India’s rating. “India and Vietnam have favourable macroeconomic prospects, partly reflecting lower exposure to some of the negative pressures affecting the region; however, weaknesses in their public finances have ... Read More »

One batch of mashed swede, four different recipes

Swedes are never someone’s favourite vegetable. The new season is rarely heralded and yet they remain stout and sturdy workhorses of the English larder. We grow fields of them on Riverford farm, but have to be cautious about their frequency in our weekly veg boxes, as people still find them a little uninspiring or intimidating, and they can conjure a ... Read More »

Still open for bullet train deal with India: China

After losing out to Japan to build India’s first bullet train network, China today said it has still kept its options open to pursue cooperation with India in the high-speed rail sector as it is carrying out feasibility studies in two different corridors in the country. “Countries in Asia have been developing infrastructure to support their further development,” Chinese Foreign ... Read More »

Nissan and Datsun cars in India to get pricier by up to 3 per cent

Nissan India, on Monday, announced a price hike across all its Nissan and Datsun range of models to offset the impact of rising input costs. The company says that the prices of all Datsun and Nissan models will rise by up to 3 per cent, and the new prices will come into effect from January 2016. Arun Malhotra, Managing Director, ... Read More »

Indian rupee cracks below 67-mark to hit 27-month low vs US dollar

Heightened uncertainties over an impending Federal Reserve rate hike dragged the Indian rupee to below 67-mark, a 27-month low against the greenback amid strong overseas sentiment. The domestic unit resumed sharply lower at 67.09 per dollar from weekend’s close of 66.88 at the Interbank Foreign Exchange market on the back of frantic dollar demand and weakened further to 67.12 in ... Read More »

Sensex recovers from 3-month low, ends 106 points up; Nifty settles at 7,650

The BSE Sensex and NSE Nifty rose on Monday after touching a more than three-month low earlier in the session as buying at lower levels supported market ahead of the US Federal Reserve meeting later this week. Investors were also somewhat comforted after data released late on Friday showed industrial output grew a much stronger-than-expected 9.8 per cent in October from ... Read More »

New Delhi tops list of Asia’s top cities for shopping: Survey

New Delhi has topped the list of Asia’s top cities for shopping, offering a treasure trove of goods through its blend of charming traditional markets and glitzy shopping malls, according to a new survey. New Delhi has topped the list for the best shopping city in Asia, followed by Bangkok and Singapore, according to a survey by TripAdvisor. “Shopping in ... Read More »

Retail lending cannot be the panacea for growth: SS Mundra

Reserve Bank deputy governor SS Mundra today warned banks against their excessive focus on retail lending, saying that the segment cannot be the panacea for growth and that too much of retail lending will also create its own problems. “Whatever has happened in the corporate financial world in the past couple of years, probably now everyone is moving towards retail ... Read More »

Mahindra & Mahindra to buy Italian car designer Pininfarina for $36 mn

Mahindra group, with interests in automobiles, finance and IT services, has agreed to buy Italian car designer Pininfarina for about 33 million euros ($36 million) to boost its design capabilities. The deal will be done via a new unit in which automaker  Mahindra & Mahindra Ltd will hold 40 percent and Tech Mahindra, the IT outsourcing arm, will own the ... Read More »