The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'
A delegation of high-level executives from US public pension funds (non-profit and government sectors) is visiting India next week to assess and familiarise themselves with the investment opportunities in the country. These executives belong to various American states and cumulatively represent $1.8 trillion in assets under management (AUM) invested across the US and global markets. The United States (US) mission to India, which includes its embassy and consulates and the Department of Treasury, along with India's Ministry of Finance and the National Investment and Infrastructure Fund (NIIF), is hosting the delegation.
The US Department of Treasury plans to sell its 27 per cent stake in Citigroup Inc, says a media report. The stake selling is part of a programme of regularly scheduled sales.
To govern effectively, to legislate successfully, Modi must reach out to the Opposition. As long as he does not and he is showing no signs that he accepts the reality, the drift his fans are anguishing over will remain, cautions Aakar Patel.
Asked if the party would approach the court for the restoration of Jammu and Kashmir's statehood, the NC leader said, "I do not want to get into that right now."
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
The introduction of tax deducted at source (TDS) on income from central government securities and state bonds may not lead to a significant effect on retail participation, according to market participants. The Union Budget proposed that starting October 1, 2024, investors may face a 10 per cent TDS on investments in central government securities and state development loans (SDLs). "Last Budget, TDS on interest on securities was reintroduced.
The boost from treasury income has helped RIL juice up its earnings at a time when the margins in its core refining & petrochemicals business are running low.
Paulson has also taken a dig at China "for not being bold" despite the fact that Beijing is integrated into the global economy.
Hasina was set to travel to London from India but is now contemplating other options after the British government indicated she may not get legal protection in the UK against any possible investigation, they said.
The Ministry of Corporate Affairs has suggested that Satyam Computer deposit the salary of directors nominated to its board by the government after a multi-crore accounting fraud was exposed at the IT firm in the government treasury.
The cost of deposits is on the rise, but banks can't raise interest rate on close to 60% of their loan books, points out Tamal Bandyopadhyay.
The disqualification of wrestler Vinesh Phogat in the Olympics after being found overweight before the final bout also saw the government and Opposition come to blows in Parliament.
Malik used to criticise the BJP-led Central government and the then opposition leader in Maharashtra, Devendra Fadnavis, when he was a cabinet minister in the erstwhile MVA government led by Uddhav Thackeray.
She's a popular, cute-looking vlogger who's written a book about breakups. But what does Shenaz Treasury think about romance? The modern version of right swipe-left swipe love? And a world in which the rule of ishq have changed?
Sukanya Verma looks at all the times Bollywood peddled its treasured ishq our way.
As the row erupted in Parliament, the Congress said the Gandhi family's caste is martyrdom but the BJP-RSS will never understand that.
Leader of Opposition Rahul Gandhi and Speaker Om Birla had a verbal exchange in the Lok Sabha on Monday when the Congress leader questioned why he bowed before Prime Minister Narendra Modi.
The liquidity in the banking system moved into surplus almost after three months as the Reserve Bank of India (RBI) absorbed over Rs 40,000 crore from the market on Monday, predominantly on the back of increased government spending. However, this situation may be short-lived given the higher demand for funds to pay taxes and year-end targets, treasury executives said. Meanwhile, two variable reverse repo rate (VRRR) auctions held on Tuesday received weak response.
Holding up pictures of Lord Shiva, Guru Nanak, and Jesus Christ, he referred to Hinduism, Islam, Sikhism, Christianity, Buddhism and Jainism to underline the importance of fearlessness. He also cited the attributes of Lord Shiva and teachings of Guru Nanak, Jesus Christ, Buddha, and Mahavir to state that all religions and great people of the country have said "daro mat, darao mat (do not be scared, do not scare others)".
Public sector banks (PSBs) posted 16.1 per cent year-on-year (Y-o-Y) growth in net profit at Rs 39,974 crore during the June 2024 quarter. While net interest income (NII) showed subdued growth of 7.1 per cent, provisions and contingencies declined by 10.5 per cent Y-o-Y. This aided the bottom line to show steady growth.
Bharatiya Janata Party leader and former Union minister Anurag Thakur is likely to initiate the discussion on Motion of Thanks on the President's address in the Lok Sabha on Friday, with Prime Minister Narendra Modi's reply to the debate expected on July 2, sources said.
Replying to the motion, he said the crime rate has not increased if the population growth is taken into account.
United States President Barack Obama, in an effort to rejuvenate the battered US economy, on Thursday nominated his chief-of-staff and budget specialist Jack Lew as the next treasury secretary.
He was previously Chief-of-Staff and Budget specialist.
The Bharatiya Janata Party's tally in Rajya Sabha has dipped below 90 for the first time in several years but the party and its allies are expected to not only recoup the their losses but also make some gains when by-elections to fill the existing vacancies are held in the coming weeks.
Union Education Minister Dharmendra Pradhan on Wednesday said the Preamble to the Constitution is very well there in NCERT textbooks of Class VI as he refuted charges made in this regard by Congress president Mallikarjun Kharge.
With high credit growth and healthy asset quality, listed commercial banks are expected to report steady growth in earnings during the fourth quarter ended March 2024 (Q4 FY24). Profits are expected to grow at 9.6 per cent year-on-year (Y-o-Y) and net interest income (NII) by 8.7 per cent in Q4 FY24, according to Bloomberg analysts' estimates. According to Motilal Oswal Securities, while bank credit growth has been robust, deposit growth has also gathered pace.
Overseas fundraising by Indian firms is experiencing a robust revival in 2024, following a lacklustre 2023. This resurgence is primarily driven by strong demand for high-yield bonds from international investors amid improving liquidity conditions and reduced hedging costs. Indian companies raised ~32,619 crore through overseas bonds in the first half of 2024, surpassing the total amount raised via such instruments in the entire 2023, which stood at ~31,218 crore, according to PRIME Database. In comparison, ~45,237 crore was raised in 2022 and ~1.05 trillion was secured in 2021.
The other recent reforms initiative of the government include the decision to raise FDI cap in insurance from 26 to 49 per cent and allowing foreign investment in pension.
From the Sensex pack, Tata Steel, Titan, Tech Mahindra, Wipro, Bajaj Finserv, Bajaj Finance, Nestle India, Tata Motors and JSW Steel were the biggest laggards. ICICI Bank, Axis Bank, HDFC Bank, State Bank of India and Kotak Mahindra Bank were the gainers.
Hrithik Roshan's cousin Pashmina Roshan is all set to make her debut in Ishq Vishk Rebound, and now, the film has got a release date.
In a significant gesture ahead of the high level Sino-US talks, China has increased its holdings of United States treasury debt by $17.7 billion, consolidating its position as the number one holder of US treasury securities with a total of $895.2 billion.
Pointing out the instance of Kharge entering the Well of the Rajya Sabha on Friday, Dhankhar said, "It was extremely painful to notice that even the Leader of the Opposition walked into the Well of the House and that was a disgrace to parliamentary conduct and proprietary."
Gandhi said the Opposition wanted the House to function "often and well" and added that it was very important that cooperation happens on the basis of trust.
Other income stood at about a quarter of PBIDT in the first 9 months of 2013-14
The Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia.
Leader of Opposition Rahul Gandhi launched a no-holds-barred attack on the Bharatiya Janata Party in the Lok Sabha on Monday, saying the leaders of the ruling party are not Hindus as they engage in "violence and hate" round the clock, drawing massive protests from the treasury benches, with Prime Minister Narendra Modi accusing the Congress leader of calling the entire Hindu community violent.
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