India’s fiscal deficit likely to touch 7% in FY21 against 3.5% budget estimate: Brickwork Ratings

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India’s fiscal deficit is expected to touch 7 per cent of GDP in 2020-21 fiscal as against budget estimate of 3.5 per cent, with revenue collections being hit amid disruptions in economic activities due to lockdowns, according to Brickwork Ratings. “The impact of the lockdown on economic activity shows up starkly in the trends in […]

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Is Exxon the oil giant in crisis?

Goldman Sachs downgraded ExxonMobil’s shares to Sell from Neutral, following another disappointing quarter. Exxon reported a drop in profits on Friday for the fourth quarter, weighed down by a deterioration in nearly every segment. Oil prices were weak, natural gas prices fell sharply, while profit margins for refining and petrochemicals also deteriorated. “There’s no doubt that 2019 was a […]

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Congo all set to introduce new mining code

Legislators of the Democratic Republic of Congo are all set to review a long-delayed revision to the mining code, crucial for a country that need higher revenues, according to a report. The country’s government had abandoned plans to change the mining code in February last year, on fears the move would drive away investors at a […]

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