Showing 1-5 of 5 results
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'Sleeping elephant' awakens
Asia focus, Narendra Kaushik, Published on 20/08/2018
» Umesh Thakur says he has never had it so easy and comfortable. The 30-year-old lentil vendor in Greater Noida, 40 kilometres east of New Delhi, has more than doubled his profits, built a new house, opened a new shop and bought furniture, a deep-freezer and two high-end mobile phones in the last six months.
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Money mess
Asia focus, Narendra Kaushik, Published on 05/12/2016
» Saurabh Goyal is facing the worst time of his life. The director of BD Green Homes, a New Delhi real estate company, he has not made a single property deal since the government launched its surprise demonetisation campaign.
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Rate cuts, stimulus moves help propel global stocks
Business, Published on 08/08/2016
» Recap: An interest-rate cut and new quantitative easing plans by the Bank of England, along with additional stimulus in Japan, helped propel global stock markets last week. In the US, stocks jumped on Friday in response to healthy employment data, which helped offset a weak manufacturing report earlier.
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Asian markets await jobs data with bated breath
Business, Published on 05/10/2015
» Recap: Asian stock markets changed little as investors awaited US jobs data, crucial information for the US Federal Reserve in deciding on its first rate hike in years. However, banking stocks were under selling pressure on investor concerns that larger loan-loss provisions to cushion against rising non-performing loans could erode third-quarter profits.
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India cuts reserve ratio, holds key rate
Published on 30/10/2012
» India's central bank has cut lenders' reserve requirements to back a policy revamp by the government aimed at reviving growth, while leaving interest rates unchanged to fight price pressures.
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