ECONOMY OF CHINA
Top shadow lender Shriram City turns cautious, cuts loans to its most prized customers by 99%
Shadow lenders in India supply last-mile credit to businesses such as mom-and-pop stores, small restaurants, and individuals who need to purchase a new refrigerator or car. The bulk of Shriram City’s customers seek loans of less than Rs 15 lakh each, and are probably among the most vulnerable in an economy forecast to shrink for the first time in decades.
No big sell-off coming, US market may end year 3-5% up: Geoff Dennis
‘We are highly vulnerable to bad news on the economic front, the earning...
China factory output flat, retail sales slip in July
The data reported on Friday show that despite a rebound in Chinese exports, overall dome...
Gold holds strong potential over long term, says Chirag Mehta of Quantum Mutual Fund
There's nothing wrong with gold as an investment, but market dynamics are not a one-way street. While one may have an opinion, the market at large matters far more.
Asian stocks falter after China data disappointment
The S&P 500 ended slightly lower on Thursday after briefly trading above its record closing high level for a second day as doubts about U.S. stimulus measures took hold.
FSS launches 'EmBark' to strengthen the MSME segment digitally
The company added that the platform would have robust risk management and fraud detection capabilities to improve authorization rates while also having unified reporting and built-in analytic tools for insights into business performance.
Dollar drifts higher as coronavirus, China data sap confidence
Soft Chinese retail and production figures cast a pall over the mood in Asia, dragging on the risk-sensitive Australian and New Zealand dollars.
Oil prices rise, head for weekly gain amid cautious hopes for fuel demand recovery
West Texas Intermediate had gained 12 cents, or 0.3%, to $42.36. The U.S. benchmark is heading for a gain of nearly 3% this week.
India-backed Maldives infrastructure project to surpass scope of Chinese-funded bridge
Delhi also announced the launch of cargo ferry services and air travel bubble between the two nations. Given the financial challenges faced by Maldives due to the Covid-19 situation and India’s commitment to assist Maldives in its economic recovery, Delhi also extended in-principle urgent financial assistance to Male by way of a soft loan arrangement.
TikTok and its employees prepare to fight Donald Trump over app ban
TikTok and its US employees are planning to take President Donald Trump's administration to court over his sweeping order to ban the popular video app, according to a lawyer preparing one of the lawsuits.
ET Startup Awards: Celebrating the best among Indian startups
This year’s programme takes place against the backdrop of the Covid-19 pandemic that has resulted in death and suffering across the world.
MFs add IT and pharma stocks for uncertain times
Some of the funds booked profits in Reliance Industries, the best performing blue-chip since March 23, when the Nifty hit a four-year low.
This MD believes Covid-19 will script an inclusive, resilient economy
To make the reopening process as safe as possible, Jindal Aluminium took some preventive measures.
View: India’s central bank payout no succor for government finances
Last year the RBI’s board approved a record payment of 1.76 trillion rupees ($23.5 billion) to the government, which included 1.23 trillion rupees as dividend and 526.4 billion rupees from its surplus capital. This year, New Delhi has budgeted for a 600 billion-rupee transfer, but local media has speculated authorities are expecting more.
View: Indian economy and new beginnings
73 years after Independence, today, India finds itself standing up against a tricky aggressor. The weapons are our policy decisions and the warriors are our health workers. As we rise to the challenge, it is critical to not lose sight of the ideals we stand for, and restart our growth journey keeping our people at the forefront.