recovery

Citibank cannot recover $500 million from $900 million it accidentally wired to lender

Citibank cannot recover $500 million from $900 million it accidentally wired to lender

There is no 'return' for Citibank. The US district Judge ruled against Citibank stating that the bank cannot recover $900 million from Re...Read More

Post-Budget, the stock market hits record highs but it's not the same as the economy, writes A L I Chougule

Post-Budget, the stock market hits record highs but it's not the same as the economy, writes A L I Chougule

On February 1, Finance Minister Nirmala Sitharaman presented a Budget hailed as a 'bold' and 'futuristic budget' focusing on reviving gro...Read More

About 50% industry respondents feel Budget will revive their biz: Deloitte survey

About 50% industry respondents feel Budget will revive their biz: Deloitte survey

While some respondents also feel that raising the tax exemption limit for individuals will boost private consumption and investment, abou...Read More

Domestic hospitality industry to contract by 65 pc in FY21: Report

Domestic hospitality industry to contract by 65 pc in FY21: Report

However, there might be a recovery in demand in the later part of financial year 2021-22 as vaccine rollouts gains traction, it said.

India's economy poised for recovery supported by vaccine rollout: Fitch

India's economy poised for recovery supported by vaccine rollout: Fitch

Fitch Ratings expects India's economy to contract by a record 9.4 per cent in the current fiscal year ending March 2021 (FY21) amid the s...Read More

Corporates expect quick recovery in 2021

Corporates expect quick recovery in 2021

2020 has been one of the most challenging years as several businesses collapsed due to the global pandemic. As recovery takes root, many ...Read More

Virus resurgence hits H&M sales, cuts promising recovery

Virus resurgence hits H&M sales, cuts promising recovery

Swedish fashion retailer H&M says its sales fell 10 per cent in the fourth quarter as the second wave of the COVID-19 pandemic stalle...Read More

Canara Bank wrote off Rs 47,310 crore in 8 years, but recovered just 19%

Canara Bank wrote off Rs 47,310 crore in 8 years, but recovered just 19%

Canara Bank has written off bad loans worth thousands of crore of rupees and recovered paltry amounts from big defaulters.According to a ...Read More

RBI Governor says it is not K, V, U, L, or W but three-speed recovery: What does all these letters mean?

RBI Governor says it is not K, V, U, L, or W but three-speed recovery: What does all these letters mean?

During the monetary policy announcement, Shaktikanta Das, RBI Governor, stated that rather than discussing K, V, U, L, or W shaped recove...Read More

Normalcy returning to business in Q2; jewellery division leads recovery: Titan

Normalcy returning to business in Q2; jewellery division leads recovery: Titan

Tata group firm Titan on Wednesday said its business has been returning to normalcy led by recovery of sales in its jewellery division in...Read More

Sustainability of recovery in domestic ports business a concern: Icra

Sustainability of recovery in domestic ports business a concern: Icra

The sustainability of recovery trend in the domestic ports business remains a concern and the sector is not out of the woods yet, even as...Read More

Icra sees early green shoots of recovery for Indian steel industry

Icra sees early green shoots of recovery for Indian steel industry

The domestic steel industry is witnessing early green shoots of recovery from the second quarter of ongoing fiscal, rating agency Icra sa...Read More

When will there be a full-fledged economic recovery? Depends

When will there be a full-fledged economic recovery? Depends

Predicting a definite pattern seems difficult, as many uncertainties prevail -- like, how soon will an effective vaccine be discovered, h...Read More

Infrastructure-focused fiscal stimulus will be key to India's recovery: EY

Infrastructure-focused fiscal stimulus will be key to India's recovery: EY

Even as economic activities have slowly picked up pace with relaxation in lockdown norms, infrastructure-focused fiscal stimulus will be...Read More

Lufthansa's revenues drop 80%, no full recovery until 2024

Lufthansa's revenues drop 80%, no full recovery until 2024

German airline group Lufthansa on Thursday reported a net loss of 1.49 billion euros (USD 1.77 billion) for the second quarter, when the ...Read More

Indian economy to see sharp V-shaped recovery, says N K Singh

Indian economy to see sharp V-shaped recovery, says N K Singh

India will see a sharp V-shaped recovery in the third and fourth quarter of the current fiscal, but FY21 GDP growth would ultimately be i...Read More

Airline sector: Recovery unlikely to be before 2023, says Moody's

Airline sector: Recovery unlikely to be before 2023, says Moody's

Air passenger demand globally will remain severely depressed in 2021 and will not see a substantial recovery before 2023, according to Mo...Read More

Experts tell why some states recovering faster

Experts tell why some states recovering faster

Careful planning, strict adherence to norms by states yield better results

Turkey's new medical center to trace COVID-19 patients after recovery

Turkey's new medical center to trace COVID-19 patients after recovery

The medical center at the Istanbul University Faculty of Medicine will examine whether the coronavirus causes any damage to organs after ...Read More

‘Coronavirus a blow to prospect for near-term recovery’

‘Coronavirus a blow to prospect for near-term recovery’

Efforts to revive growth through unconventional monetary easing were raising hopes of a recovery.

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