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Reuters
June 23, 2021
UBL is the maker of India's top-selling Kingfisher lager and was owned by Indian businessman Vijay Mallya, who India want to extradite from Britain over $1.4 billion of loans taken out from Indian banks which authorities argue he had no intention of repaying.


Anand Adhikari
New Delhi, June 23, 2021
In the past two years, the monetary policy has done most of the heavy lifting by keeping surplus liquidity in the system and low-interest rates to support the growth. It is now time for the fiscal policy to take the burden off from the RBI as the central bank has to address the inflation issue and plan an exit from the easy monetary policy. What more can be done on the fiscal side as the Union budget clearly lays down the fiscal measures for 2021-22? There are also fiscal constraints. The government has set a new 5-year fiscal consolidation path to 4.5 per cent fiscal deficit of GDP by 2025-26. The public debt to GDP which includes both center and state govt debt is 90 per cent of the GDP. The additional fiscal stimulus, if any, has to be very focused because of the resource constraints. First, the govt should do whatever it takes -- to vaccinate all and also faster. There is a big demand to increase the direct income support for the poor, which are the hardest hit by local lockdowns. The government guarantee to banks is another area where the banking system could be used to provide funds to sectors worst affected by the lockdowns. Clearly, the burden of supporting the economic recovery is gradually shifting to fiscal policy as the monetary policy globally is taking a reversal with central banks preparing for hiking rates and withdrawing the surplus liquidity. Also Read: Moody's slashes India 2021 growth forecast to 9.6% from 13.9%


BusinessToday.In
June 23, 2021
In March this year, the company had received shareholders' approval to subsidiarise its passenger vehicles, including electric vehicles, business into a separate subsidiary.


PTI
June 23, 2021
\"The virus resurgence adds uncertainty to India's growth forecast for 2021; however, it is likely that the economic damage will remain restricted to the April-June quarter. We currently expect India's real GDP to grow at 9.6 per cent in 2021 and 7 per cent in 2022,\" Moody's said


Avneet Kaur
June 23, 2021
\"Recent events (concerns around inflation) have emphasised to us the importance of this flexibility and the need to have it in amounts that can significantly buffer us against market volatility,\" says Suyash Choudhary, Head of Fixed Income, IDFC Mutual Fund


PTI
June 22, 2021
IIFCL Managing Director PR Jaishankar said the company is comfortable with a capital adequacy ratio of 31 per cent and would not require capital infusion from the government to fund business growth this fiscal


BusinessToday.In
June 22, 2021
LinkedIn surveyed 1,891 professionals from May 8 to June 4 and found out that Indian professionals have been left increasingly vulnerable to the economic uncertainty of the job market


BusinessToday.In
June 22, 2021
India Pesticides IPO: The Uttar Pradesh-based company is likely to undertake a pre-IPO placement of Rs 75 crore subject to consultation of the merchant bankers


BusinessToday.In
June 22, 2021
\"The co-founders will continue to hold a significant stake in Vini and collaborate with KKR in the next phase of the company's growth,\" stated Vini Cosmetics


BusinessToday.In
June 21, 2021
Raghuram Rajan, Nobel laureate Esther Duflo, development economist Jean Dreze, former CEA Arvind Subramanian and former Union Finance Secretary S Narayan will be part of the council.


BusinessToday.In
June 21, 2021
Raghuram Rajan, Nobel laureate Esther Duflo, development economist Jean Dreze, former CEA Arvind Subramanian and former Union Finance Secretary S Narayan will be part of the council.


Joe C Mathew
June 21, 2021
In a year when global FDI flows dropped by 35 per cent to $1 trillion, FDI flows to developing countries in Asia increased by 4 percent to $535 billion, reflecting resilience amid global FDI contraction, the UNCTAD World Investment Report 2021 said


PB Jayakumar
June 21, 2021
The Max MyHealth+ ecosystem, built in collaboration with MyHealthcare, has integrated blood pressure monitors, ECG and heart rate devices and blood sugar monitoring devices


BusinessToday.In
June 20, 2021
The number of exits in April declined by 87,821, while rejoining increased by 92,864 subscribers as compared to March 2021.


PTI
June 20, 2021
With growth drivers such as favourable demographics, increasing per capita and disposable income, and growing consumption, India is expected to return to a strong growth trajectory, despite uncertainty over near-term outlook, Tata added


PTI
June 20, 2021
Subramanian added that the demand for a fresh stimulus package has to be considered against the backdrop of a host of initiatives taken by Finance Minister Nirmala Sitharaman in her budget for 2021-22 presented in February


PTI
June 20, 2021
The automaker, which sells models like Hector and Gloster in the domestic market, expects the industry to post a growth of about 20 per cent in 2021 calendar year as compared with last year


BusinessToday.In
June 20, 2021
Patna is also close to joining the list of state capitals where the petrol price has crossed the Rs 100-mark. A litre of auto fuel currently costs Rs 99.28 in the capital city of Bihar, while diesel price stands at Rs 93.30 per litre


BusinessToday.In
June 19, 2021
The company's MD and CEO Salil Parekh said its prior investment in US localisation is helping it in current scenario of travel restrictions.


PTI
June 19, 2021
Speaking at the company's 40th annual general meeting, Nilekani noted that Infosys is well-positioned for another year of \"market-leading performance\" in a post-pandemic, cloud-first digital era


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