GVA equivalent of manufacturing companies arrived at after adding up wages, depreciation, interest and profit before tax (PBT) grew a robust 17 per cent, on a yearly basis in Q3 FY21

India had recorded a de-growth of 24 per cent and 7.5 per cent in GDP in the first and second quarters ended June and September 2020, respectively, as the government enforced one of the strictest lockdowns across the country amid coronavirus

In its 'Global Macro Outlook 2021-22 report, Moody's says India's economy has rebounded quickly from one of the world's longest and most stringent lockdowns, which also came with steepest fall in GDP in Q2

These reforms come a little over a fortnight after Finance Minister Nirmala Sitharaman introduced amendments to relevant legislation during the Budget session to float  LIC IPO on markets

To emerge stronger, it is important for us as a country to bridge the gap between policy announcements and their implementation by strengthening and empowering institutions to bolster economic growth

Stock Market News Updates Today: Airtel, HDFC twins, ICICI Bank, Kotak Mahindra Bank, Infosys, IndusInd Bank and Axis Bank were trading among the top gainers. Today, Sensex hit a record high of 52,235 and Nifty hit a lifetime high of 15,340

Edelweiss Tokio, PNB MetLife and Exide Life Insurance have already launched the plan, while Aegon Life Insurance, SBI Life Insurance and others are in the process of launching it

Two-wheeler manufacturer Hero MotoCorp has kicked-off distribution of Harley Davidson motorcycles in India and has set up a dedicated vertical for the same; About one in four of India's 1.35 billion people may have been infected with coronavirus; The Union Budget 2021 focuses on higher capital expenditure, financial sector reforms and asset sales, which will help to stimulate growth and supply broad-based credit support, says global rating agency Moody's. Watch this and more on News Blast.Also Read: SEBI ban on Kishore Biyani, others won't sway Reliance deal, says Future Retail

Hero MotoCorp starts distribution of Harley Davidson bikes in India; sets up dedicated vertical Two-wheeler manufacturer Hero MotoCorp has kicked-off distribution of Harley Davidson motorcycles in India and has set up a dedicated vertical for the same. In an exchange filing on Wednesday, the auto major said that the firm is setting up a separate vertical to operate new business of distributing Harley Davidson products and merchandise in the country. This announcement came several months aft...

Moody's expects India's nominal GDP growth to rise close to 17 per cent in fiscal 2021, higher than 14.4 per cent pegged in the Union Budget 2021 

Lenient FDI regulations, listing of LIC, and privatisation of a government-owned general insurer should benefit the broader domestic insurance market as these entities hold dominant positions, says Moody's

Budget 2021: The fiscal deficit of 9.5 per cent in 2020-21 and 6.8 per cent of GDP in 2021-22 crosses the level of global financial crisis. In fact, the numbers are much above the market expectations

The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals

Currently, India is rated investment grade by three major rating agencies - S&P, Moody's and Fitch. Post Covid, Moody's has retained a negative outlook on India's rating. Fitch had also changed the outlook to negative. S&P  had, however, reaffirmed its rating and outlook

While presenting the Economic Survey for 2020-21, Subramanian said India's ability and willingness to pay its debt is second to none in the world and the ratings should reflect that

Economic Survey 2021: The Survey defended India's fast-moving growth and called for an overhaul of sovereign rating methodology, saying that the fifth-largest economy can't be BBB- rated

The public debt to GDP ratio, which was around 66-68 per cent for many years , is now expected to jump to 80 per cent plus in 2020-21. This kind of debt-to-GDP ratio is the highest in the last two decades

The proposed changes to India's regulatory framework for non-bank financial institutions (NBFIs) unveiled in the Reserve Bank of India's (RBI) discussion paper on January 22 are likely to enhance the sector's stability, Fitch said

Adani Ports is the largest port developer and operator in the country in terms of volume, with coal and other dry bulk terminals showing an annual capacity of 478.6 million tonnes

\"We are on road to double our GMV every year and are aiming to hit Rs 10,000 crore in GMV by financial year 2021,\" Grofers founder Saurabh Kumar told PTI