In his much-hyped swansong, Prime Minister Manmohan Singh proved that though he is months away from retirement, he still has quite a bit of fight left in him.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
Promoters of companies who have pledged their shares to raise funds from banks will be asked to top up with more shares if the carnage in the market continues.
'India's economy is growing faster compared to the developed economies of the world.' 'More importantly, it is growing faster compared to most of the developing economies.' 'The monsoon is not the only thing that drives the rural economy and certainly not the national economy.' 'It is too simplistic to reduce everything to the monsoon.'
'The belief that FDI will shift from China appears to be a strategy of politicians to keep the media busy, chasing irrelevant news to ward off pressure and questions about the government's plans to deal with COVID,' observes Debashis Basu.
Trump can afford to say that COVID-19 is a 'China virus', but we can't expect Modi to say that aloud while his actions may speak louder, says Rup Narayan Das.
'On June 13, we will intensify our agitation further by stopping trains from plying in the state.'
On the present government's 'Make in India' campaign, C Rangarajan, former chairman of the Prime Minister's Economic Advisory Council, says it is important to first ask for whom it is being made.
'These three commodities have been chosen very well.' 'It is up to the state governments and central government to see how it is implemented.' 'The government has to do some hand-holding.'
Sun Pharma stock has appreciated at 35% a year for 20 years
'If any party talks too much about Muslims, it will lose.'
'I can confidently say there will be another financial crisis soon enough, and probably more than one global crisis within the next century, given the increasingly integrated nature of the global economy.'
Sore throat, lumps and unusual bleeding are just some of the signs you shouldn't ignore, says oncologist Dr P Jagannath.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
'For every epidemic, it takes a peak and then it comes down.' 'Usually, infections peak in 14 days, and you give another week's time after the peak.' 'That is why the lockdown is for 21 days.'
'The voter is cautioning the BJP not to take them for granted.'
Traders are closely watching the progress of the monsoon.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
Even after this sale, the founder group will continue to have a substantial shareholding in the company.
Dr Ajay Kumar, national president of the Indian Medical Association, has alleged that American companies are 'selling recycled prostheses' in India at cheaper prices.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
Dr Murali Manohar Joshi, chairman of the Public Accounts Committee, has demanded that Home Minister P Chidambaram should be dropped from the cabinet for his alleged misdeeds in leaking the PAC report, sending wrong data of most-wanted persons to Pakistan, his role in the 2G spectrum scam and for the rise in fuel prices when he was the finance minister.
BMW's plant in Chenna now has 50 per cent localisation.
'The people of India have not only challenged the ruling dispensation with the constitution, they have also opened the eyes of the leadership that sits in the Opposition.'
Dr Ali Bakhtiari, an oil analyst from Iran, believes oil may not cool down, though it may go a bit lower from the present level in the short-term.\n
Prime Minister Manmohan Singh -- who is facing a plethora of problems including price rise, corrupt ministers and feuding allies -- could use some help in steering through the rocky terrains of governance. We had asked you, dear readers, to send in your suggestions about how Dr Singh can save UPA-II. Rediff.com received an overwhelming number of responses from readers. We present some of the best ideas, suggestions and tips to the PM right here.
Aurolab, a pioneer in manufacturing and supply high quality ophthalmic consumables to over 100 countries at affordable prices, has developed an e-com enabled website which will help domestic and international buyers place their orders.
Readers give the PM their suggestions on how to drag UPA-II out of the doldrums.
The SBI report ruled out a October rate hike
The government on Wednesday announced that dearness allowance for govt employees has been hiked to 6 per cent.
Bicycle manufacturer TI Cycles, a part of the $3.2 billion Murugappa Group, on Thursday introduced India's first bicycle made from carbon, 'Montra'.
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
The broader NSE Nifty closed 1.25 points, or 0.01 per cent down at 10,564.05.
Prime Minister Manmohan Singh -- who is facing a plethora of problems including price rise, corrupt ministers and feuding allies -- could use some help in steering through the rocky terrains of governance. We had asked you, dear readers, to send in your suggestions about how Dr Singh can save UPA-II. Rediff.com received an overwhelming number of responses from readers. We present some of the best ideas, suggestions and tips to the PM right here.
Prime Minister Manmohan Singh -- facing a plethora of problems including price rise, corrupt ministers and feuding allies -- could use some help in steering through the rocky terrains of governance. We had asked you, dear readers, to send in your suggestions about how the PM can save UPA-II. We received an overwhelming number of responses. We present some of the best ideas, suggestions and tips to the PM right here:
In the light of India's increasingly 'darkening' threat environment and the convergence of strategic interests between China and Pakistan, the IAF's declining combat capabilities are a cause for concern, says Brigadier Gurmeet Kanwal (retd).
UP and Bihar contributed 105 seats to the BJP's tally in 2014. It has now lost 8 Lok Sabha by-polls in the last four years, including three successive losses in UP and two seats in Rajasthan.
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