India gives markets two unwanted presents ugalani
India's reported gross domestic product increased at an annual rate of 5% in the three months ending in June, compared to a 5.8% increase in the previous three months, according to data released on Aug. 30. The increase, the lowest in more than six years, was well below the 5.7% median expectations in a Reuters poll of economists. About 40% of nearly 65 economists polled expected an expansion of 5.6% or lower.
On the same day, the Indian government announced it would push for four separate mergers of public sector banks, comprising 10 banks in total. After the mergers, there would be 12 state-owned lenders, down from 27 in 2017. The biggest of the mergers will combine Punjab National Bank, Oriental Bank of Commerce, and United Bank of India. This would create the second largest lender, after the State Bank of India.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
China and India use history as an excuse for all sorts of abusesBut states that like to trumpet their history also have to do a lot of forgetting
Leer más »
The Design Of WeWork India Spaces Fosters An Ethos Of Creativity And CommunityWith 23 co-working spaces across the country, WeWorkIndia's creative director FrancoisGRAM talks about how the team integrates the history of each city into their custom installations by working with local designers. Design
Leer más »
Exclusive: India to woo foreign firms like Apple to capitalize on U.S.-China trade warIndia is targeting companies including Apple, Foxconn and Wistron Corp with a ch...
Leer más »
Millions at Risk of Becoming Stateless in IndiaIndia’s efforts to create a citizen registry in the northeastern state of Assam could lead to the world’s largest population of stateless people, many of them Muslims.
Leer más »
India plans massive hiring drive for govt workers in KashmirNEW DELHI (AP) — India says it plans to hire tens of thousands of government workers in its part of Kashmir after revoking the disputed region's special constitutional status, under which it had...
Leer más »
India seeks to portray sense of calm in locked-down KashmirNEW DELHI (AP) — Just before midnight on the eve of the biggest political change in Indian-administered Kashmir in decades, authorities shut down internet access, mobile and landline phones and...
Leer más »