Notwithstanding the 10% upside seen in shares of Life Insurance Corporation of India (LIC) last week, broking firm Emkay Global has increased its target price on the PSU insurance stock to Rs 850 from Rs 760 earlier. “Even after the recent upmove in LIC shares, we maintain our stance that valuation remains attractive and prices-in … Read more
“You had two large blocks of economy which were artificially slowed down and obviously we had a significant rate hike in US which also created some bit of slowdown in that segment. I think as we go forward one year, China will continue to get normalised and provide some global growth,” says Anand Shah, ICICI … Read more
“We are in the final stages of closing quite a few large opportunities. So we are very optimistic about the future as we go along,” says Debashis Chatterjee, CEO & MD, LTI Mindtree.Firstly the growth rate moderated quite a bit in Q4. Is it a one off case or there are any other factors playing … Read more
India has a huge – and persistent – consumption problem on its hands. Officially, private consumption, at Rs 17.83 lakh crore as of June 2021 (at constant prices), is where it was in June 2017. It is what all households spend and forms over one half of India’s total GDP. But this largest engine of … Read more
The government is sticking to the target of becoming a USD 5 trillion economy by 2024-25 and emphasis on infrastructure sector and other initiatives taken in Budget 2021-22 are aimed at achieving the goal, Economic Affairs Secretary Tarun Bajaj has said. The Budget presented by Finance Minister Nirmala Sitharaman on Monday has given a big … Read more