More personal vehicles, cooking at home spark a petrol and LPG boom in India
Overall consumption of petroleum products was almost at pre-Covid levels last month with petrol and LPG sales posting a year-on-year increase.
Hope for troubled PMC Bank as 4 entities show interest in acquiring it
PMC Bank, put under restrictions in September 2019, had invited expressions of interest in November, and 4 entities — financial sector players and corporates — have come forward.
Covid killed 81 million jobs in Asia-Pacific this year, ILO says
Young people have been affected by working-hour and job losses, the ILO said, with the youth share of employment losses three to 18 times higher than their share of total employment.
These are the 10 themes that’ll determine the direction of emerging markets in 2021
These themes are likely to keep dominating developing economies that collectively account for $30 trillion, or about 34% of global gross domestic product.
Indian residents can now invest in GIFT City under LRS, but RBI isn’t thrilled about it
The IFSC regulator has approved banking regulations for IBUs. It has allowed resident Indians, with a net worth of not less than $1 million, to invest in IBUs.
Next budget will have ‘vibrancy’ to ensure the economic revival continues, says Sitharaman
Speaking at the Assocham Foundation Week, Finance Minister Nirmala Sitharaman also said that the pace of disinvestment, hit by the Covid, will pick up in the coming months.
S&P raises India’s GDP forecast to (-) 7.7% for FY21
The US-based rating agency said rising demand and falling infection rates in India have led to revision of the real GDP growth from the negative 9% growth previously.
DHFL gets big bids as NBFC sector begins to show signs of recovery
Oaktree Capital Group has offered Rs 366.5 billion, up from Rs 310 billion in its previous bid for DHFL. Piramal Enterprises and Adani Group also improved their proposals.
China’s recovery gathers pace in November, setting up strong growth for 2021
China's industrial output rose 7% in November from a year earlier, and retail sales expanded 5%. The data shows the breadth of the recovery since a contraction in output in Q1.
India, US are world’s most investor-friendly for portfolio disclosure by funds, study finds
India & US earned top grades for robust disclosure regimes across 6 categories including fees, transparency of fund holdings & issues such as conflicts of interest.