Baliga said defence has remained a policy priority for the government, as reflected in sustained order inflows. “Orders are not the issue. The challenge over the last one-and-a-half to two years has been capacity bottlenecks, which led to execution delays at companies such as PSU banks preferred over private lendersWithin financials, Baliga said he currently prefers public sector banks (PSU banks) over private sector peers. “Private banks have underperformed over the last few months, while PSU banks have d ...

The rupee slipped past 90 to the dollar on December 3, marking a record low. It has weakened around 5% so far this year, making it Asia's worst-performing currency. The rupee closed at 89.98 per dollar on Friday."With uncertainty around a trade deal and withdrawal of Sakshi Gupta, principal economist at A US-India trade deal announced by end-December, along with potential Live EventsIndia currently faces a 50% US tariff-25% of which is a penalty linked to imports of Russian oil. US trade negotiators are ex ...