Indian economy to grow over 7 per cent in FY23, says finance secretary T V Somanathan
New Delhi, Aug 31 (PTI) Indian economy is on course for a 7-plus per cent growth rate in the current fiscal year, finance secretary T V Somanathan said on Wednesday. Commenting on the first quarter GDP growth rate of 13.5 per cent, he said the economy is 4 per cent above pre-Covid levels.
August GST collection likely to be in range of Rs 1.42-1.43 lakh crore: Ajay Seth
Economic Affairs Secretary Ajay Seth said on Wednesday. The final numbers for GST mop-up will be out tomorrow. On the govt expenditure in Q1, the DEA secretary said that Rs 1.7 lakh crore was spend in the quarter ending June. Seth also said that the Gross fixed capital formation grew 34.7 per cent in April-June, […]
August made equity investors richer by Rs 13.66 lakh crore. Will India continue to outperform?
After a troublesome summer in June, July and August both proved positive for the equity market. In August, Nifty Smallcap and Nifty Midcap indices gained 5 per cent and 6 per cent, respectively, for the month.Nifty Energy and Metal were the top sectoral performers gaining over 8 per cent each during the month.
Stock market strategy: Know when to sell and when to continue holding the stock!
The best time to sell a stock is just before it starts going down but is it really as simple as this? I’m sure your answer must be a big NO! Why? Because it is difficult to time the turning points and selling a stock is more a function of educated estimation than a decision […]
Why inflation may become a non-issue for investors by March 2023
Developed economies began sourcing from China at competitive rates. China emerged as the manufacturing hub for the developed world. India supplied cheap labor through BPO/KPO and IT services, while Ukraine and Russia addressed global energy needs
4 reasons to adopt a staggered approach while investing
It may not be wise, even for seasoned investors, to invest a large amount at one go. This would mean making a large financial commitment that could also make an investor jittery if the investment goes south in the short-term.By investing in a staggered manner, one can begin with a part of the overall investible […]
HDFC seeks to raise up to Rs 10K cr, in talks with Axis & ICICI banks
While the two private banks may subscribe about Rs 2,500 crore each, demand from other institutional investors will determine the final subscription size, the people said.