Foreign portfolio investors (FPIs) withdrew Rs 14,790 crore ($1.8 billion) from financial stocks in the first half of August, driven by global risk aversion sparked by US recession fears. Additional factors contributing to the decline in banking stocks included subdued earnings growth in the June quarter, concerns about slowing deposit growth, and stricter liquidity norms imposed by the Reserve Bank of India.
'Assess the property in terms of type, size, location and price point, and whether it fits into your budget.' 'If it checks out on these fronts, one may consider the accompanying offers.'
Uttam Ghosh offers his take on the unusual events that have occurred within Modi-Shah's BJP.
Uttam Ghosh offers his take on this Theatre of the Bizarre.
A government school principal was arrested in Kota after he allegedly deleted Ganesh Chaturthi greetings posted on the school WhatsApp group, which triggered protests by people of the village, officials said on Sunday.
'Value index funds are most appropriate for long-term investors who can withstand deeper drawdowns.'
The funding environment in India for startups is improving this year if one were to go by Bain & Company estimates. Five private equity (PE) investors that come on top on the criterion of deal size collectively put in $9 billion in the first half of 2024, surpassing their outlay for last calendar year, when it was $8 billion. At the top of the list is Swedish firm EQT, which acquired US-based and listed Perficient at an enterprise value of $3 billion, the deal being done by the Indian wing of the company. It has also added to its list by putting in $500 million in WSO2, a "software as a service" company, increasing its tally to $3.5 billion.
Roughly 40% of this projected outlay is expected to go towards emerging industries, including green hydrogen, clean energy, semiconductors, and electric vehicles.
Uttam Ghosh offers his take on US President Donald J Trump's startling suggestion to study the possibility of injecting disinfectants into COVID-19 patients.
The government on Tuesday announced a new centrally-sponsored scheme for skilling 20 lakh youth over the next five years. The announcement was made by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25. The minister said that model skilling loan scheme will be revised to facilitate loans up to Rs 7.5 lakh.
Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said.
Uttam Ghosh offers his unique take on the No Jobs-Agrarian Distress state of the economy.
Uttam Ghosh offers his take on the election result in Jharkhand where the ruling Bharatiya Janata Party failed to recpture power.
Messaging app Telegram has taken decisive action against bots that were reported for sharing sensitive data related to Star Health and Allied Insurance Company, and is actively keeping an eye on their re-emergence, a company statement said. "The bots reported to Telegram for sharing Star Health data were immediately removed and moderators are monitoring to prevent them from being recreated. "The sharing of private information on Telegram is expressly forbidden and such content is deleted whenever it is found," the statement said.
Uttam Ghosh offers his take on the protests that have swept across America and President Trump's bizarre responses after George Floyd, an African American died in Minneapolis on May 25 after a white police officer pinned him to the ground.
SBI Life Insurance reported a weak performance in Q2FY25. The annual premium equivalent or APE grew 3 per cent year-on-year (Y-o-Y) to Rs 5,390 crore. For the first half of financial year 2025 (H1FY25), it grew 9 per cent Y-o-Y to Rs 9,030 crore.
Uttam Ghosh offers his take on the Delhi police's brutal crackdown on Jamia Millia Islamia students on Sunday during a protest against the Citizenship (Amendment) Act.
Uttam Ghosh compares the two events -- the labour ministry's ignorance and a young intellectual's incarceration -- and is mystified as many Indians are by what occurred.
The Reserve Bank on Wednesday retained the retail inflation projection at 4.5 per cent for fiscal 2024-25, with Governor Shaktikanta Das stressing that the central bank will have to closely monitor the price situation and keep the "inflation horse" under tight leash lest it may bolt again. Unveiling the October bi-monthly monetary policy, the Governor also said the flexible inflation targeting (FIT) framework has completed 8 years since its introduction in 2016 and is a major structural reform of the 21st century in India.
With India overtaking China in terms of weightage in the Morgan Stanley emerging markets IMI, Indian equities could see inflows of about $4.5 billion (Rs 37,000 crore), according to estimates. This week, Morgan Stanley announced that India has overtaken China in the MSCI Emerging Markets Investable Market Index (MSCI EM IMI). The weight of India in MSCI EM IMI stood at 22.27 per cent compared to 21.58 per cent of China.
Uttam Ghosh asks if the hasty manner in which the farm bills were passed means another strike against democracy in a nation which prides itself as the most populous democracy in the world.
A billion of them could fit on a pinhead, yet this tiny coronavirus has pulverised life on our planet.
Uttam Ghosh's unique take on the Citizenship Bill.
The rupee remains overvalued against the currencies of India's trading partners, even as it hit record lows against the dollar in August and September. According to the Reserve Bank of India's (RBI) real effective exchange rate (REER) index, the rupee stood at 5.5 per cent above its fair value in August, down from 7.7 per cent in July. This slight easing followed fears of a US recession and the unwinding of yen carry trades, which exerted pressure on the Indian currency.
Uttam Ghosh offers his take on Vikas Dubey's arrest and mysterious death in a police encounter.
Uttam Ghosh offers his take on Defence Minister Rajnath Singh's accusing the Congress of internationalising the Kashmir issue.
Notably, the case was registered 19 days after the Madhya Pradesh high court ordered the police to dispose of the woman's complaint within 90 days after she alleged inaction by the police.
Uttam Ghosh offers his take on Congress leader Rahul Gandhi traveling to Indonesia to meditate at a time when his party is in severe disarray.
Uttam Ghosh offers his unique take on the 10% quotas proclaimed by Narendra Damodardas Modi's government.
'A 20 per cent equity allocation to ESG funds is a good start.' 'As more evidence on ESG performance builds, investors may increase allocations.'
Uttam Ghosh offers his take on Monday's assembly election in Maharashtra.
Scoring field goals was a major concern in Paris but here the young forwardline comprising Sukhjeet Singh, Abhishek, Uttam Singh, Gurjot Singh, Araijeet Singh Hundal and others have exceeded expectations.
'Young investors should focus more on equity, while retired senior citizens should prioritise fixed income.' 'Mid-career investors should aim for a balanced allocation.'
Uttam Ghosh offers his take on India on the Global Hunger Index.
Most of the Sensex firms settled in the positive territory. Mahindra & Mahindra, Tata Motors, Tech Mahindra, JSW Steel, State Bank of India, HCL Technologies, Reliance Industries and Infosys were the biggest gainers. Kotak Mahindra Bank and Maruti were the laggards.
Uttam Ghosh offers his take on US President Donald J Trump's tweet 'All is Well' after Iran launched missile strikes on US bases in Iraq, on January 9, 2020.
China stunned Pakistan 2-0 in the shoot-out to enter the final of Hero Asian Champions Trophy for the first time in the history of the tournament.
'How many jobs will be created when you complete your course?' 'How many people will compete with you?' 'What is the minimum and maximum salary you can expect?' 'Which are the companies that will offer you a job?' 'What skills do you have to develop?' 'How long will it sustain?'