private sector

India economy news: Domestic household savings needs to increase to finance pvt capital formation in economy: Finance Ministry Eco Review

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India needs to see an increase in domestic household savings in order to finance private sector’s capital formation in the economy, the Finance Ministry said in the February edition of its Monthly Economic Review. “The narrowing merchandise trade deficit and rising net services receipts are expected to result in an improvement in the current account … Read more

First spy satellite made by local pvt player set for SpaceX liftoff

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New Delhi: India’s first military grade spy satellite manufactured by the domestic private sector is ready, and has been shipped for launch on a SpaceX rocket. Work is also in progress on a ground station that will control the asset and process sub-metre resolution imagery from it. ET has learnt that the satellite built by … Read more

Lower govt borrowing to prop up growth, moderate inflation, says RBI Governor Shaktikanta Das

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Reserve Bank Governor Shaktikanta Das on Monday said lower government borrowings than the market estimates will free more capital for the private sector resulting in easing of inflation and bolstering growth. “This year’s borrowing is lower than what initially the markets had expected. Lower quantum of borrowing means…it would ensure that much more resources will … Read more

PSU bank stocks steal limelight from private sector peers in 2023; will they do so in 2024?

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While benchmark Nifty 50 gave high double-digit returns in 2023, the sector with the highest weightage in the index did not lead the bull run. Year-to-date, the Nifty 50 has given close to 18% returns, whereas the Nifty Bank index gave a little over 10% returns. This underperformance was largely due to the moderate rise … Read more