India’s financial conditions remain tight amid oil shock, rupee weakness and FPI outflows: Crisil

[ad_1] India’s financial conditions remained under pressure in April as elevated crude oil prices, continued foreign investor outflows and a weakening rupee tightened stress across markets amid the ongoing Middle East conflict, according to a Crisil report.The Crisil Financial Conditions Index (FCI) stood at -1.2 in April compared with -1.4 in March. The report noted…

Read More

Manufacturing PMI rises up to 54.7 in April, Iran war pushes input costs higher

[ad_1] India’s manufacturing activity showed a mild recovery in April, with growth in new orders and output improving sequentially, though the pace remained among the slowest in nearly four years, PTI reported.The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 54.7 in April from 53.9 in March, signalling continued expansion but marking…

Read More

Middle East war fallout: IMF chief warns of ‘unavoidable pain’, urges central banks to curb inflation

[ad_1] IMF chief Kristalina Georgieva on Thursday urged central banks to prioritise tackling inflation even at the cost of growth, warning that the global fallout of the US-Israel war on Iran will inevitably bring economic “pain”, PTI reported.“A word of caution upfront: this being a classic negative supply shock, demand adjustment is unavoidable. We cannot…

Read More

Rakesh Bedi visited Javed Akhtar’s house for free food, alcohol during FTII days: ‘He would come with Farooq Shaikh, Neena Gupta’ |

[ad_1] Rakesh Bedi is currently enjoying a renewed wave of popularity, thanks to his performance in ‘Dhurandhar: The Revenge’, directed by Aditya Dhar. Amid this success, he recently visited memories from their early days in the industry as Farah Khan visited him along with her chef Dilip and dropped a video on her Youtube channel….

Read More