Reserve Bank of India (RBI) Governor Shaktikanta Das had stumped the market in the previous two policies - in August and in October - first with action and then with words. In August, it was the introduction of an incremental cash reserve ratio (I-CRR) to take out excess liquidity, which took the markets by surprise. In October, there was no action. Rather, what is known as "open mouth operation", Das' comment that the central bank might conduct open market operations (OMOs) by selling bonds tempered the euphoria in the bond markets after JP Morgan's inclusion of India in its Emerging Market Bond Index.
Concealed beneath the feat, which testifies to his political acumen and survival instincts, is the fact that the 72-year-old leader could never remain at peace with his allies which also made him change partners frequently.
'The BJP is trying to change this mantra.'
Prime Minister Narendra Modi addressed 14 rallies in Madhya Pradesh during campaigning for polls and reached out to young voters by reminding them of the failures of previous Congress governments on various fronts as he doubled down on development of all sections.
Debt fund managers are reassessing their strategies after the setback delivered by the Reserve Bank of India recently. While most are refraining from any knee-jerk reaction to the central bank's surprise open market operation (OMO) announcements, they are taking a re-look at the duration of their schemes. Sandeep Yadav, head of fixed income at DSP Mutual Fund, said it has trimmed the duration of some schemes, considering the hawkish stance by the RBI.
The demolition of 'unsafe' buildings in subsidence-hit Joshimath in Uttarakhand resumed on Saturday as the weather improved, even as the number of buildings with cracks rose to 863, officials said.
The BJP leader, however, also said that if MP Chief Minister Shivraj Singh Chouhan asks her to campaign for an election, she can do it.
'Even though Gandhiji did not know me well, Sardar knew and remembered me working with him till the Congress was banned.' Glimpses from the fascinating memoirs of Chakkedath Sankarankutty Menon, the stenographer who worked for Mahatma Gandhi and Sardar Vallabhbhai Patel during the freedom struggle.
Foreign portfolio investors (FPIs) have withdrawn over Rs 12,000 crore from Indian equities this month so far, mainly due to a sustained rise in US bond yields and the uncertain environment resulting from the Israel-Hamas conflict. However, the story takes an intriguing turn on observing FPI activity in Indian debt as they have infused over Rs 5,700 crore into the debt market during the period under review, data with the depositories showed. Going ahead, the trajectory of FPIs' investments in India will be influenced not only by global inflation and interest rate dynamics but also by the developments and intensity of the Israel-Hamas conflict, Himanshu Srivastava, associate director - manager research, Morningstar Investment Adviser India, said.
'Higher inflows into these securities should lead to lower borrowing costs for the government.'
Colonel Manpreet Singh, Commanding Officer of 19 Rashtriya Rifles, Major Ashish Dhonack, and Deputy Superintendent Humayun Bhat were killed in the gunfight with terrorists that ensued in Garol area of Anantnag district early Wednesday.
Headed by former prime minister HD Deve Gowda, the JD-S has long been a strong third player in the southern state where the Congress and the BJP have been the two main parties.
Nozomi Okuhara's harrowing experience after her touchdown in India was 'unfortunate and won't happen in future'
The Bharatiya Janata Party will ensure the swearing-in ceremony of the new Chhattisgarh cabinet under Vishnu Deo Sai on Wednesday will be a 'historic' event which will be attended by Prime Minister Narendra Modi, Home Minister Amit Shah, BJP leaders and chief ministers, state chief Arun Sao said.
Nadda accused the former Congress chief of insulting India, its Parliament, its democratically-elected government and people in Britain
Two whole-time directors KVS Manian and Shanti Ekambaram of Kotak Mahindra Bank are in the race for the post of managing director and CEO, the position vacated by Uday Kotak last week. Kotak stepped down as MD and CEO of the bank effective September 1, 2023, four months ahead of his term was to end. The RBI will soon decide on Kotak's replacement as the new MD and CEO of Kotak Mahindra Bank, as the new person has to take charge on or before January 1, 2024.
Deepa Gahlot lists Hindi biopics about Indian political leaders: Some worked, some did not, but they managed to avoid controversy.
Earlier, Modi was given a standing ovation at the meeting following the party's stupendous win in three assembly polls.
In a dazzling resurgence, foreign investors have graced the Indian equity markets with an influx of nearly Rs 1.5 lakh crore in 2023, fuelled by optimism over the country's resilient economic fundamentals amid shadows of a gloomy global scenario. Experts believe that the positive trend may continue in 2024. This follows Indian equities witnessing the worst-ever net outflow of Rs 1.21 lakh crore by FPIs in 2022 on aggressive rate hikes by the central banks globally after net inflows for three consecutive years.
Brent crude oil prices may rise to $110 a barrel in 2023, up nearly 33 per cent from the current levels, said analysts at Morgan Stanley, in a recent note. This is, however, lower than the peak level of nearly $127 touched earlier in 2022 as geopolitical concerns took centre stage amidrising demand. "Looking ahead, Brent oil price growth will decelerate even more in the coming quarters. "This comes even as our global oil strategist expects a rise in oil prices back to $110 a barrel by the second half of 2023.
A string of populist promises, including extension of the free ration scheme announced by Prime Minister Narendra Modi, the Mahadev betting app issue and the Hindutva card are among key factors that have catapulted the Bharatiya Janata Party to power in Chhattisgarh after five years.
A political activist in Bihar on Thursday put up a poster announcing his resignation from 'all posts in the Bharatiya Janata Party' in protest against the ethnic strife in Manipur.
Sharmishtha, who has quit politics, also clarified that she has not tried to tweak her father's views about anyone.
M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes.
'My world changed the day Aaradhya was born.'
Rathore also reacted to the protest in the constituency in support of former MLA Rajpal Singh Shekhawat, saying the BJP is the only party that gives everybody opportunity to move forward.
The BJP has fielded 18 MPs, including four Union ministers, for the latest round of assembly polls so far -- seven each in Madhya Pradesh and Rajasthan and four in Chhattisgarh.
The list includes constituencies where the BJP came second or third in the 2019 Lok Sabha elections, and also some which the party has never won.
Out of the 25 seats, five seats each are reserved for Scheduled Tribes and Scheduled Castes.
Karnataka Minister for Information Technology and Biotechnology Priyank Kharge on Monday lodged a complaint against Bharatiya Janata Party national president J P Nadda, BJP's IT cell chief Amit Malviya and BJP Chandigarh president Arun Sood for malicious posts against Rahul Gandhi, particularly an animated video that allegedly features altered versions of the Congress leader's speeches.
Nadda claimed that over the years the number of people listening to the PM's programme has increased each month.
The party's decision to announce the first list of candidates so early underlines the significance it has attached to five state elections, the last round of assembly contest before the all-important Lok Sabha polls.
Choona is too slow, has redundant characters and needless complications, observes Deepa Gahlot.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Friday said his party would pull off a spectacular victory in the state assembly elections, but evaded a direct reply to a question whether he would be the chief minister for the fifth time, as he just said 'Bharatiya Janata Party Zindabad'.
Amid the row over BJP MP Ramesh Bidhuri's derogatory remarks in the Lok Sabha, BSP MP Danish Ali on Monday questioned the "delay" in action against the ruling party leader and alleged that the comments seem to have been sanctioned by the BJP's top leadership to build a narrative around him and his community.
Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, the largest private-sector lender of the country, has just completed his first term. The period October 2020-October 2023 was a roller coaster, and the second one, which started on October 27, could be more interesting as the lender absorbs the impact of the merger of HDFC, which was integrated on July 1, and moves to the next growth phase. Soon after he took over the reins from Aditya Puri on October 27, 2020, the Reserve Bank of India (RBI) debarred HDFC Bank from enrolling new credit card customers and launching new products under the Digital 2.0 programme due to repeated outages on its mobile-banking and internet-banking platforms.
'Data-dependence means you can raise or drop rates. The present stance is only for raising rates.'
It also promised financial assistance of Rs 24,000 annually to all dependent widows and single mothers, two free LPG cylinders to all the beneficiaries of the PM Ujjwala Yojana and 24x7 power supply.
The Bharatiya Janata Party has released its manifesto for the upcoming Nagaland assembly elections, promising a special package for the eastern part of the state and establishment of a board for the holistic development of the region if the party returns to power for the second time in a row.
The BJP also announced a Rs 5 meal scheme for all, named after religious guru Anukul Chandra, and setting up of a Regional Institute of Medical Sciences hospital in Agartala.
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