Tag Archives: growth

Nirmala Sitharaman press conference: Bank mergers aimed at economic growth, says Finance Minister

Finance Minister Nirmala Sitharaman is addressing her second press briefing on economic slowdown. Based on the Finance Minister’s statements earlier this week, speculations are that two major announcements could be made in order to give the industry a leg-up. Reports also suggest that a mega consolidation plan for public sector banks could also be announced today. The Ministry of Finance ... Read More »

7 Amazing Hair Growth Foods You Should Be Eating Daily

Long, strong and shiny hair is almost everyone’s dream yet not everyone is able to fulfill it. Of course, it’s important to keep your scalp healthy, but it’s also critical to pay attention to your diet. You can have dry, frizzy, smooth or silky hair – all these are signs of your inside health. Each strand is made up of ... Read More »

Bank credit growth to priority sector slows drastically

Most of priority sector loans are supposed to serve a social purpose and they are meant to ensure that credit flows to those sections of society whom the banks may otherwise neglect. Photo: AFP It’s not just lending to the beleaguered corporate sector that has slowed—bank credit growth to the priority sector too has fallen considerably in recent months. The ... Read More »

Instagram launches mobile web sharing to pursue global growth

Instagram wants to be the photo app for the whole world, even if you can’t or won’t download it. In pursuit of international growth where networks are slow and data is expensive, Instagram has given its mobile website a massive upgrade that adds core features of the main app, including photo sharing and a lightweight version of the Explore tab. ... Read More »

GoPro’s Sales Resume Growth, but Still Miss Expectations

GoPro Inc’s revenue increased less than expected in the holiday quarter and its sales growth forecast for the current-quarter also fell short of expectations, hurt by shrinking demand for the company’s body-mounted point-of-view cameras. GoPro also forecast a steep sequential drop in gross margins for the current quarter, sending the company’s shares tumbling nearly 14 percent in extended trading on Thursday. ... Read More »

EU sees euro zone economy weaken this year, Britain to halve growth by 2018

Euro zone’s economic growth is expected to lose some speed this year and to rebound in 2018 while the British economy will nearly halve its expansion by 2018, the European Commission said on Monday, warning of higher political risks. The EU executive forecast that growth in the 19 countries sharing the euro would slow to 1.6 percent this year from ... Read More »

UK manufacturing growth unexpectedly hits 2-1/2-year high – PMI

British manufacturing growth climbed to a two-and-a-half-year high last month, fuelled by new orders from both home and abroad and adding to signs the economy ended 2016 strongly, a survey showed on Tuesday. The Markit/CIPS UK Manufacturing Purchasing Managers Index (PMI) rose to 56.1, the strongest reading since June 2014, from 53.6 in November. That exceeded all forecasts in a ... Read More »

UK services PMI hits 10-month high, points to solid fourth quarter growth

Businesses in Britain’s dominant services sector grew at their fastest pace since January last month and the broader economy maintained momentum, even if firms have some worries about the year ahead, a survey showed on Monday. The Markit/CIPS services purchasing managers’ index (PMI) – a closely watched gauge of the services sector – rose to 55.2 in November from 54.5 ... Read More »