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Business Economy

‘Total wealth in India touches $12.6 trillion’

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Total wealth in India increased fourfold between 2000 and 2019, reaching $12.6 trillion in 2019, making India the fifth globally in terms of the number of ultra-high net-worth individuals, as per a Credit Suisse study. According to the study, the wealth per adult in India grew by an average of 11% annually over the period […]
Business Economy

Share pledges on the rise as funds dry up

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A volatile stock market with an underlying weak trend has made fund raising difficult for companies forcing promoters to increasingly resort to pledging their shares to raise finance. Data show that for the first time the number of companies, wherein at least some part of promoter share is pledged, has crossed the 500-mark — 509 […]
Business Economy

Economy needs more monetary stimulus, says Shaktikanta Das

Posted on Author NewsDesk

Reserve Bank of India (RBI) Governor Shaktikanta Das, stating he had observed certain ‘green shoots,’ also acknowledged that the economy needed a further monetary stimulus, thus indicating the central bank was open to cutting interest rates. These are the minutes of the monetary policy committee (MPC) meeting held early in February. The six-member MPC unanimously […]

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