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2023-05-31 16:23:41| The Economic Times

Briefing media on the quarterly number, the CEA said the risk to the projected 6.5 per cent GDP number is evenly balanced and there is a good chance of this number may be exceeded in the current fiscal. "So, we are very pleased to have been able to present a story of sustained economic momentum combined with macroeconomic, financial and fiscal stability, and we look forward to another year of solid economic performance by India," he said.


Category: News and Media

 

2023-05-31 16:15:46| The Economic Times

Padmaja Gangireddy, founder of Spandana Sphoorty Financial, plans to sell a part of her 14.5% share in the firm she left one-and-a-half years ago following a dispute with the majority shareholder Kedaara Capital. With an immediate aim to raise INR1bn ($13m), she intends to invest the sum in her new venture Keertana Finserv and secure a separate NBFC-MFI licence. Gangireddy has engaged an investment banker to strike a block deal to sell a part of the holding.


Category: News and Media

 

2023-05-31 14:14:19| The Economic Times

He will be succeeded by K. Krithivasan, currently the global head of BFSI Business Group at TCS


Category: News and Media

 

2023-05-31 14:00:41| The Economic Times

Analysts predict that the Indian stock market will experience a consolidation phase, with the Nifty50 expected to find support at the previous swing high of 18,459, and resistance at the 18,650-18,730 levels. A further correction is likely if the support fails to hold. The trend is expected to remain sideways to positive, and a decisive close above 18,600 is needed to drive a further uptrend. If the index falls below 18,500, it may trigger additional selling pressure, according to experts.


Category: News and Media

 

2023-05-31 13:32:19| The Economic Times

Sebi has to give a finality to the Adani probe, preserve its reputation, change the rules if needed, convince FATF as well as keep alive the interest of FPIs. It can only hope that the price would not be too high.


Category: News and Media

 

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