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Economy - Page 113

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Indian bank bad debt could double in coronavirus crisis

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic

4 May 2020 10:24 AM IST

Reserve Bank of India Governor Shaktikanta Das. (PTI Photo)Business
RBI reviews measures to ease financial stress

The governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period

3 May 2020 9:09 AM IST

President Donald Trump speaks during a news conference at the Brady press briefing room of the White House. (AP Photo)Business
Trump threatens new tariffs on China as US crafts retaliatory measures...

Trump's sharpened rhetoric against China reflected his growing frustration with Beijing over the pandemic

1 May 2020 9:26 AM IST

US Fed leaves interest rates near zero, to use full range of tools to help economyBusiness
US Fed leaves interest rates near zero, to use full range of tools to...

In its statement, the Fed said it is -"committed to using its full range of tools to support the US economy in this...

30 April 2020 9:10 AM IST

HSBCs pre-tax profit falls 48% amid coronavirusBusiness
HSBC's pre-tax profit falls 48% amid coronavirus

Lender reported pre-tax profits of $3.2 billion, down 48 percent citing credit losses from clients hit by the economic...

28 April 2020 10:25 AM IST

Representative Image. (PTI Photo)Business
RBI unveils Rs 50,000 cr credit line for mutual funds

RBI also stressed it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of...

27 April 2020 11:14 AM IST

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India's holding of US government securities hits record high of $177.5...

US Treasury Department showed that the amount of securities owned by India has also gone up by the maximum quantum in a...

26 April 2020 12:29 PM IST

SAARC nations unveil emergency stimulus packages to tackle COVID-19 economic fallout. (PTI Photo)Business
SAARC nations unveil emergency stimulus packages to mitigate Covid19...

India responded by unveiling a Rs 1.7 lakh crore (USD 22.6 billion) economic stimulus plan

26 April 2020 12:05 PM IST

ICICI Pru Life Q4 net profit slips 31% to Rs 179.5 croreBusiness
ICICI Prudential Life net profit slips 31% in March

Robust growth in the cash-burning protection policy sales have led to an over 31 per cent dip in net income for the...

26 April 2020 10:50 AM IST

Representative Image. (PTI Photo)Business
India plans to fast track Chinese investments after policy change:...

India said this week that all foreign direct investment from countries sharing a land border would require prior...

26 April 2020 9:40 AM IST

Representational imageBusiness
Economy of sectors dominated by immigrant labour hit hard by...

The coronavirus pandemic has devastated sectors of the economy dominated by immigrant labour

24 April 2020 12:02 PM IST

Remittances to India are likely to drop by 23 per cent from USD 83 billion last year to USD 64 billion this year due to the coronavirus pandemic. (PTI Photo)Business
India's remittances likely to decline by 23% due to coronavirus: World...

Globally remittances are projected to decline sharply by about 20 per cent this year due to the economic crisis

23 April 2020 12:57 PM IST

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