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Analysts believe it may be too early to assess how the economy may emerge at the end of the year given the uncertainty around the pandemic.
Analysts believe it may be too early to assess how the economy may emerge at the end of the year given the uncertainty around the pandemic.

What Q2 GDP data will tell

  • Growth in the farm sector in the July-September period will be of key interest to policymakers
  • With many lockdown restrictions lifted, it remains to be seen how the services sector has done in the second quarter
  • Manufacturing has shown remarkable bounce back from the blow suffered in the first quarter

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Hiring a higher number of native workers implies that companies have to get a handle on discipline, particularly in volatile belts like Gurugram-Manesar.  (Photo: Yogendra Kumar/HT)
Hiring a higher number of native workers implies that companies have to get a handle on discipline, particularly in volatile belts like Gurugram-Manesar. (Photo: Yogendra Kumar/HT)

India Inc feels the rising pressure to serve up jobs for locals

  • While bills seeking job reservations for locals don’t stand the test of law, industry can’t ignore the wider issues
  • Such bills do set a tone. The broader message some in industry feel is to make sincere efforts to hire additional native workers in some sectors since not all migrants are skilled

Photo: Bloomberg
Graphic: Mint
Automakers’ move to shift sourcing of certain parts from China and increased local manufacturing have helped partly alleviate bottlenecks in supply-chain networks, the executives said.
Automakers’ move to shift sourcing of certain parts from China and increased local manufacturing have helped partly alleviate bottlenecks in supply-chain networks, the executives said.

Auto firms overcome covid, China hurdles

  • Parts supplies have recovered to almost 85-90% of pre-covid levels while imports of components from China and other countries have also returned to near-normal levels, barring a few items

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Rupee today rose to 73.81 against the US dollar, (REUTERS)
PM will directly visit the Bharat Biotech's facility at Genome Valley and return to the Air Force base after the visit.
Benchmark indices staged a recovery on Friday, recouping previous losses, to end the day higher, with Nifty ending the November series a tad below 13,000. (Photo: Reuters)
Benchmark indices staged a recovery on Friday, recouping previous losses, to end the day higher, with Nifty ending the November series a tad below 13,000. (Photo: Reuters)
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Market LIVE: Sensex down nearly 200 points, Nifty below 13K; auto stocks gain

  • SBI chairman Dinesh Kumar Khara has said he expects the Indian economy to have shrunk 8-9% in Jul-Sep, less than the 23.9% contraction seen in June quarter. The GDP data for the September quarter is due later on Friday

The previous daily high turnover 313,463 crore was recorded on November 6. (MINT_PRINT)
Experts say that the manufacturing sector, in particular, has shown resilience in the quarter (Mint)
A bitcoin is now worth  ₹12.4 lakh, more than double its January value of  ₹6 lakh. (AFP)
There is no harm in filing the ITR as it may come handy while making visa application or for applying for home loan. Filing of your ITR helps you keep your records straight. Photo: Pradeep Gaur/Mint
There is no harm in filing the ITR as it may come handy while making visa application or for applying for home loan. Filing of your ITR helps you keep your records straight. Photo: Pradeep Gaur/Mint

Should you file ITR for income below basic exemption limit?

Income Tax Act allows a basic exemption limit of 2.50 lakh for taxpayers who are below sixty years of age. For those between 60 years and 80 years the applicable basic exemption limit is 3 lakh and those over 80 years it is 5 lakh.

Tear gas is released to stop farmers opposing the farm law from entering Delhi at Singhu border. (REUTERS)
Tear gas is released to stop farmers opposing the farm law from entering Delhi at Singhu border. (REUTERS)

Farmers reach Delhi border, police seeks nod to convert 9 stadiums into jails

  • Farmers, who are now only a few kilometres away from Delhi, have been stopped from entering the national capital at Singhu border
  • 'We have been doing a peaceful protest and we will continue it. We will enter Delhi protesting peacefully. In a democracy, one should be allowed to protest,' a farmer said

DBS Bank, however, expects that Indian economy will recover in fiscal 2019 and achieve a growth rate of 7.2%. Photo: Bloomberg
Gold rates today: On MCX, prices fell to  ₹48,500 per 10 gram
Health workers collecting swab samples from passengers at Anand Vihar Bus Terminal in New Delhi. (ANI)
Health workers collecting swab samples from passengers at Anand Vihar Bus Terminal in New Delhi. (ANI)

Delhi night curfew: HC asks Delhi govt to decide urgently to contain Covid-19

  • A status report has to be submitted by 3 December, the Delhi High Court added after listing the matter for further hearing
  • The HC has also asked the Delhi govt to decide whether other measures are needed to contain coronavirus in the capital territory

The FMCG industry saw sales dip by 34% in April compared to the year-ago period, as the curbs caused a disruption in supplies.  (Photo: HT)
The largest fund among the mid cap category, HDFC Mid-Cap Opportunities, has generated 15% returns in the one- year period. (Mint)
Franklin’s plea seeks a stay on redemptions till the Supreme Court decides on the merits of the case or until a unitholders’ meeting is held. Photo: Mint
SBI chairman Dinesh Kumar Khara. (PTI)
Honda Activa scooters at HMSI’s Karnataka plant.
The total shareholder entities for NPCI now stands at 67. ( iStockphoto)
US President Donald Trump gestures as he participates in a Thanksgiving video teleconference. (REUTERS)
US President Donald Trump gestures as he participates in a Thanksgiving video teleconference. (REUTERS)

Donald Trump says he will leave office -- if Joe Biden victory is confirmed

  • Trump has made an unprecedented attempt to defy the results of the election by refusing to concede, spreading wild theories about stolen ballots and launching baseless legal challenges that have been thrown out by courts

India’s gross domestic product contracted by 8.2% in the July-September period,
Shivanand COVID Hospital
COVID-19 / Coronavirus vaccine (REUTERS)
COVID-19 / Coronavirus vaccine (REUTERS)

Global trial for AstraZeneca vaccine likely: CEO

AstraZeneca CEO Pascal Soriot said instead of adding the trial to an ongoing US process, AstraZeneca might launch a fresh study to evaluate a lower dosage of its vaccine that performed better than a full dosage

Last year, close to 47 million shoppers bought from e-commerce during festive season sales. (Mint)
Last year, close to 47 million shoppers bought from e-commerce during festive season sales. (Mint)

Flipkart Group trumps Amazon in festive sales

  • Flipkart Group comprised 66% of the overall GMV clocked by e-commerce firms in the festive season
  • Overall, 88 million shoppers purchased goods on e-commerce this festive season, with 55% coming from Tier 2 towns, and 45% from metros and Tier 1 cities

DHFL promoter Kapil Wadhawan.
Photo: Mint
Pascal Soriot, chief executive officer of pharmaceutical company AstraZeneca (Reuters)
Pascal Soriot, chief executive officer of pharmaceutical company AstraZeneca (Reuters)

AstraZeneca likely to run additional global Covid-19 vaccine trial, CEO says

  • AstraZeneca's new trial would be run instead of adding an arm to an ongoing US trial and would evaluate a lower dosage that performed better than a full amount in Astra’s studies
  • The company’s acknowledgment that the lower level was given in error fuelled concerns

A slew of indicators from car sales to services sector activity notched higher last month (Photo: Bloomberg)
Flexible options are helping women reduce the friction between work and home.
Small-cap schemes can be considered for the long term, subject to your risk profile (Mint)
Photo: Mint
Experts suggest a cautious approach while investing in closed-end schemes, particularly when valuations are stretched (Mint)
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