India's equity markets are on a roller-coaster ride, after delivering spectacular returns for two consecutive years - in 2020 and 2021. The benchmark National Stock Exchange's (NSE's) Nifty50 is down 1.5 per cent in the first nine months of the current calendar year 2022 (CY22) as foreign portfolio investors sold Indian stocks due to rising bond yields in the US and across global markets, including India. The sell-off in the Indian equity markets has, however, not been broad-based and largely limited to sectors facing earnings headwinds from rising interest rates, lower commodity and energy prices, and likely economic recession in advanced economies.
Amarinder Singh told mediapersons that both Kovind and Modi had accepted the Punjab government's invitation to be part of the historic celebrations and that the modalities of their visits would be chalked out after the Kartarpur Corridor opening programme was finalised with Pakistan.
The foreign exchange kitty had crossed the half-a-trillion mark for the first time in the week ended June 5, 2020, after it had swelled by $8.223 billion to stand at $501.703 billion.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
After the RBI surprised the Centre with a record Rs 99,122 crore in surplus transfer for FY21, analysts said this will help the government tide over the revenue losses from lockdowns and extend more support to the pandemic hit industries and to the poor people. In fiscal 2020, the RBI had paid only Rs 57,128 crore in dividend to the government and the finance minister had budgeted only Rs 45,000 crore from the central bank. The higher payout followed the Bimal Jalan panel report that had set a new economic framework capital buffer for the central bank along with the contingency risk buffer at 5.5 per cent.
Despite the failure of most e-commerce players to meet orders through the first week of the lockdown, there has been no serious crisis, thanks to supplies from 11 million small kirana and mom-and-pop stores across the country with the support of over 300,000 distributors and wholesalers.
Reacting cautiously, MEA said an agreement has been signed between the two countries finalising the modalities for visits and India will stick to it.
On media reports quoting some Maharashtra government officials that vaccines in the state are "finished" and adversely impacting the vaccination drive, the ministry said a balance of 7,49,960 vaccine doses is still available with the state for administration to eligible population groups.
The Indian Navy described it as a "proud and historic" day for the nation and said India has joined a select group of countries having niche capability to indigenously design, build and integrate a state-of-the-art aircraft carrier.
India reported 1,27,510 fresh COVID-19 cases, the lowest in 54 days, while the daily positivity rate dropped to 6.62 per cent, according to the Union Health Ministry data.
India added three unicorns per month in 2021 to nearly double the overall number to about 85 at last count. And there are many gazelles and cheetahs in the pipeline. All gunning to be unicorns (and then decacorns) soon thereafter, notes Sandeep Goyal.
The active cases increased to 24,28,616 comprising 14.93 per cent of the total infections.
Since January this year, Indian exporters have begun to dread the shipping news. That's because most of it would be about another lot of shipping companies deciding to avoid Indian ports on account of delays.
"Chief Minister Uddhav Thackeray could make an official announcement about more stringent measures tomorrow," Tope added.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
China on Tuesday alleged that US billionaire Elon Musk-owned SpaceX's satellites had two 'close encounters' with its space station in orbit, and has complained to the United Nations about the incidents which endangered the safety of the Chinese astronauts.
Amarinder Singh described the neighbouring nation's action 'knee-jerk and uncalled for'.
Pakistan is scheduled to open the Kartarpur corridor for Indian Sikh pilgrims on November 9.
The total number of coronavirus positive cases in Mumbai now stands at 642 with 40 deaths so far, including six new victims, a BMC release said.
The slide in gold continued for the second straight day, with prices tumbling by Rs 200 to Rs 28,100 per ten gram at the bullion market on Friday largely in tandem with a weakening trend overseas amid low demand from jewellers.
Mumbai-based Dream11, which is run by Sporta Technologies Private Limited, reported a profit of Rs 181 crore (Rs 1.81 billion) in FY2020, making it one of the few Indian consumer-tech unicorns to have turned profitable.
Uttar Pradesh Chief Minister Yogi Adityanath and Governor Anandiben Patel participated in the celebrations.
Sunday's tally of coronavirus cases was 17 per cent higher than the 2,716 infections registered a day before.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
'Sukh Pal Singh is not very rich where money is concerned, but his heart is rich.'
The total coronavirus cases mounted to 90,04,365 and the death toll climbed to 1,32,162 with the novel coronavirus virus claiming 584 lives in a span of 24 hours in the country, the data updated at 8 am showed.
Armed with court order, a consortium of lenders led by SBI can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with failure of Kingfisher Airlines. A consortium of 11 banks that gave Mallya loans, led by State Bank of India (SBI), had approached a special Prevention of Money Laundering Act (PMLA) court seeking restoration of his properties seized by the Enforcement Directorate. The special PMLA court in Mumbai on Tuesday allowed the restoration of properties worth Rs 5,646.54 crore to banks.
Automobile dealers' body FADA on Tuesday expressed concern that the chip shortage issue could derail passenger vehicle (PV) retail sales during the festive season, as automakers are struggling with an adequate supply of vehicles to dealers due to production challenges. Terming semiconductor shortage as a "full-blown crisis", the industry body warned of a lacklustre festive season, especially for the passenger vehicle dealer fraternity, with low inventory levels and non-availability of the fast-moving model variants ahead of the peak festive period.
Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.
'On an average we have been getting four to five such proposals a month, but we aren't pursuing them as they don't tick the boxes.'
Modi flagged off the first batch of pilgrims led by Akal Takhat Jathedar Giani Harpreet Singh to Gurdwara Darbar Sahib through the corridor, which was thrown open days ahead of the 550th birth anniversary of Guru Nanak Dev on November 12.
Flamboyant India batsman KL Rahul is auctioning the bat he used during the ODI World Cup last year and other memorabilia to raise funds for vulnerable children. In a video message posted on Twitter on his birthday, Rahul said all proceeds from the auction will go to the Aware Foundation, that works to provide dispossessed, disadvantaged and vulnerable children in India the right to education.
Shah also said Sardar Vallabhbhai Patel's unfulfilled dream of integrating Jammu and Kashmir with the rest of the country was accomplished on August 5 when Article 370 and 35A were repealed.
In a meeting on Thursday evening, the RCom management, led by CEO Punit Garg, requested the bank representatives to release Rs 260 crore it received as I-T refund so that it could repay the dues to Ericsson.
The wider NSE Nifty too slipped from record but managed to close above the crucial 11,550 mark at 11,557.10 points, down 25.65 points or 0.22 per cent.
Modi will inaugurate the integrated check post on the Indian side, Union minister Harsimrat Badal said.
Bullion traders attributed the rise in precious metal prices to emergence of buying by jewellers and retailers driven by ongoing 'Navratras', considered as an auspicious week for making new purchases according to Hindu mythology.
"It is a matter of disappointment that while understanding has been reached on most of the elements for facilitating the visit of pilgrims from India, Pakistan continues to insist on levying a service fee of $ 20 per pilgrim per visit," the MEA said.
The 28-year-old from Hyderabad, a winner of the Indonesia Masters, semi-finalist at Malaysia Masters and quarter-finalist at the All England Championship, saw US$36,825 added to her career earnings.
Gulabo Sitabo was made with a budget of Rs 40 crore to Rs 45 crore. Amazon Prime bought the streaming rights for Rs 60 crore to Rs 65 crore, helping the producers make over Rs 20 crore.
