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Top headlines: ADB cuts India growth forecast, IIFL's opportunity, and more

The Asian Development Bank (ADB) on Wednesday trimmed its forecast for India's economic growth in 2019-20 to 5.1 per cent saying consumption was affected by slow job growth and rural distress

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BS Web Team New Delhi
ADB Trims India's FY20 Growth Forecast To 5.1%, Cites Consumption Slowdown
The Asian Development Bank (ADB) on Wednesday trimmed its forecast for India's economic growth in 2019-20 to 5.1 per cent saying consumption was affected by slow job growth and rural distress aggravated by poor harvest. Read more

IIFL sees opportunity in crisis, bets on beleaguered financial sector
IIFL Asset Management Ltd, which oversees $3.3 billion in assets, is set to expand on a strategy of investing in the most stressed area of India’s economy: the financial services industry. Read more

Isro's PSLV successfully places RISAT-2BR1, 9 foreign satellites

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