'How and if India retaliates will go a long way toward determining the trajectory of this crisis.'
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
Assume that the rupee will trend lower over the next 10 years as India increases overseas sovereign exposures, and your long-term asset allocation should be geared to deal with this trend, suggests Devangshu Datta
The bond market expects at least 25 basis points cut in the June 6 policy.
The upward revision in growth forecast for current fiscal comes in the backdrop of GDP expanding 8.2 per cent in April-June quarter, higher than Fitch's expectation of 7.7 per cent.
The US president alleged that China had been indulging in tremendous intellectual property theft worth hundreds of billions of dollars on a yearly basis.
Emerging markets are fast becoming the biggest car markets in the world leaving behind developed economies such as US, Germany and Japan.
'Like everyone else addicted to Kremlin politics, I too have a thesis.' 'Foreign policy is known to be Putin's forte -- and Russia's stability his obsession.' 'As we enter the 2020s, it is clear that an extraordinary turbulent decade lies ahead in world politics and it casts dark shadows on Russia's future,' notes Ambassador M K Bhadrakumar.
CARE Ratings, in a report, said it foresees an increase in the retail prices of petrol and diesel in the coming few days, depending on how the oil markets react in the reduction in supply from the cartel.
'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.
'We have the geographic advantage, demographic advantage, we have the necessary technical skills.' 'We just have to get all of these together. Then, we can very well compete.'
United States Defence Secretary Chuck Hagel on Wednesday discussed with his new Chinese counterpart General Chang Wanquan the emerging threat from North Korea, which has threatened to hit American bases in Hawaii and Guam.
'While many Chinese policy makers dismiss the political, economic and technological component of US-India relations, they express caution on the defence-related ties which also happens to be a major driver in US-India relations,' explains China expert Srikanth Kondapalli.
'The no-rate cut policy and preference to wait for the Budget and clarity on the fiscal front demonstrate RBI Governor Shaktikanta Das is maturing in his new role,' notes Tamal Bandyopadhyay.
With its rising energy needs, India has emerged as the fourth largest energy consumer of the world after the US, China and Russia.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
More than 90 per cent of India's population belongs to the base tier (less than $10,000, or about Rs 730,000) when it comes to the distribution of wealth.
'The Budget will have to be substantially re-cast as soon as a new government takes charge after the elections.' 'Both revenue and expenditure numbers will have to be trimmed -- and then may better reflect the deceleration of economic activity caused by slowing consumption trends,' points out T N Ninan.
Impending launch of Oral-B toothpaste in India, recent spate of product launches in other developing markets indicate shift in strategy.
Trump's latest move will raise duties on more than 5,000 products made by Chinese producers, ranging from chemicals to textiles and consumer goods.
The President-elect has already infuriated China by talking over phone with the Taiwanese President, the first by a top American leader since 1979.
By no means do economists see the Reserve Bank of India stop at just a 25-bp cut. Some of the economists such as Soumyakanti Ghosh of State Bank of India are of the firm view that rates have room to fall by a total of 75 bps in the current financial year, starting with 25 bps in the August 7 policy.
Company's co-Chairman S Gopalakrishnan says uncertainties continue as unexpected events happen
'India's preference today seems to be to exploit the deepening chill in relations with China to breathe new life into its meandering partnership with the US,' argues Ambassador M K Bhadrakumar.
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
Last year, Jet Airways and Air France-KLM signed an enhanced cooperation agreement' for the development of their operations between Europe and India
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
US, China and India are three main jewellery markets in the world, says Rio Tinto.
The US-China-Pakistan 'axis' was India's biggest headache during the Cold War years. Unless managed carefully, a Russia-China-Pakistan 'axis' may emerge as an even bigger one in the coming years, says Harsh V Pant.
The fall was led by L&T, IndusInd Bank, PowerGrid, NTPC, TCS, ICICI Bank, Axis Bank, Hero MotoCorp, Bharti Airtel and SBI, declining up to 2.64 per cent.
The NSE Nifty also gained 53 points, or 0.49 per cent, to settle 10,855.15 after shuttling between 10,870.40 and 10,749.40.
'Another rejection of mediation between India and Pakistan will leave Mr Trump disappointed.' 'In that case, he is likely to point out the war-like situation on the border and press for direct talks which have been stalled on account of continuing terrorism from Pakistan,' notes Ambassador T P Sreenivasan.
Concerns about maritime security have brought the unlikely troika of China, India and the United States together and India has much to gain from this trilateral dialogue, writes Premvir Das
'The challenge before the two countries is to turn the peak into a plateau and enter an irreversible phase of cooperation,' notes Ambassador T P Sreenivasan.
'There are reports of political dissent mounting on Xi Jinping's handling of the Wuhan fallout.'
'It seems a wiser decision to pull out at the right moment than regret after joining the pact,' explains Dr Rahul Mishra.
Remaining in the denial mode, Pakistan Prime Minister Nawaz Sharif on Thursday termed as "India's long-time habit" the assertion that his country was behind the Uri attack.
The Indian Army, Apple, Nokia, RIM denied that they were involved in a conspiracy to spy on the US-China Economic and Security Review Commission.
NSE Nifty, after shuttling between 10,809.60 and 10,725.90, finished 30.95 points, or 0.29 per cent lower at 10,741.10.
The nation ranked 138 among 180 countries, according to the annual World Press Freedom Index report.
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