India market News

The 40-basis-point budgeted fiscal consolidation suggests that peak drag growth from fiscal tightening is likely behind, even as the Indian government remains focused on fiscal consolidation, Goldman Sachs said.

Personal mobility devices seller Bird Mobility on Tuesday announced new environmental friendly green personal transportation vehicles for the India market.

The IMF said India is among the few bright spots in the global economy as G20 Finance Ministers began their two-day meeting.

Describing India as a "great market", a top Microsoft executive said the company's partners in the country are "very progressive" in the way they service the world and the Indian customers adapt to technology a lot faster than those in some other nations.

Showing a strong surge in retail investor interest, mutual fund industry has seen the number of its new Systematic Investment Plans grow by 18 per cent to 73 lakh at the end of March 2015.

The government is planning to introduce long-term bonds of 40 years maturity in the first half of the current fiscal with small issuance size.

Nomura said inflation levels in India are close to post global financial crisis lows, and retained its positive stance on the country's stock market.

So far this year, the total FII inflows to Asian equities stood at USD 38.7 billion.

India will attract the highest-ever inflow of foreign direct investment (FDI) in the current fiscal on the back of a slew of policy reforms announced by the new government, a senior DIPP official has said.

HSBC on Monday said it is "overweight" on India and the government's reform momentum is likely to drive positive news flow for the market.

India had proposed circulation process for signing the pact with ASEAN.

The Nielsen consumer confidence index measures perceptions of job prospects, personal finances and immediate spending intentions.

India overtook Indonesia as the most optimistic consumer market, while Portugal and Slovenia were the most pessimistic.

The government on Friday said it has not taken any decision on permitting Foreign Direct Investment in multi-brand retail trading.

In May 2013, the country had received FDI worth USD 1.63 billion.

The government has cleared 19 foreign investment proposals, including that of Walt Disney Company and Reckitt Benckiser (India), entailing total investment of Rs 2,326.72 crore.

Indian equity market's upside is expected to be significant over the next 18-24 months, which in turn should continue to fuel investor appetite for domestic cyclicals, according to a report by Standard Chartered Bank.