SIAM President Wadhera said that the series of announcements on credit availability and reduction of cost of credits do not seem to have percolated to the NBFCs.
CRISIL had on August 1 estimated a growth rate of 6.9 per cent growth in 2019-20 - a 20 basis points cut from its earlier estimate of 7.1 per cent.
The Nikkei Manufacturing Purchasing Managers' Index INPMI=ECI, compiled by IHS Markit, declined to 51.4 in August from July's 52.5, its weakest since May 2018.
Mining and quarrying was one of the only three segments that expanded in the April-June period of this fiscal over last fiscal, yet the situation on the ground or at the pit head of a mine in this case, is anything but rosy.
Government will try to raise non-tax revenue through disinvestment and asset monetisation, said Niti Aayog Vice Chairman Rajiv Kumar.
Domestic sales declined by 34.3% at 97,061 units last month as against 1,47,700 units in August 2018
Gross NPAs of the PSBs stood at Rs 8.06 lakh crore on March 31, 2019, even after a sum of Rs 3.12 lakh crore was written off between FY15 and FY18; credit growth was a mere 9.6% as against 13.2% for the SCBs
The spiralling debt of Tata Motors in the wake of subdued sales in India, China and Europe affected its share price adversely, which tanked almost 50 per cent to Rs 114.35 as on Thursday in just over four months
Since the beginning of 2019, air passenger traffic started slipping, but the real trouble started when Jet Airways went out of business in April. It led to sudden vacuum in capacity, which meant higher airfares
Disruption by way of new technology and digitisation is making life difficult for well-established businesses; fundamental shifts are contributing to job losses, subdued economic activity and slowdown