The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
Royal Bank of Scotland and JP Morgan were also fined over attempts to rig currency benchmarks in a year-long probe that has put the largely unregulated $5 trillion-a-day market on a tighter leash, with dozens of dealers suspended or fired.
On the Sensex chart, NTPC, SBI, UltraTech Cement, ICICI Bank, Tata Steel, Bajaj Finserv and Bjaja Finance were among the major laggards, shedding as much as 1.63 per cent.
Keeping the contents of the BBC documentary aside, Rishi Sunak's response needs to be viewed in the backdrop of Britain's historically close relations with Pakistan, argues Lieutenant General Prakash Katoch (retd).
UK Prime Minister Boris Johnson and Opposition Leader Keir Starmer clashed in the House of Commons over a controversial by-election leaflet, which had been branded "divisive" and "anti-India" by Indian diaspora groups in Britain.
In what will be a dress rehearsal of their opening game in the World Cup, an unbeaten Australia take on England in the cricket tri-series final, in Perth on Sunday.
Nick Kyrgios has invigorated the Championship and men's tennis generally with firecracker personality
'We continue to believe that the global economy will narrowly avoid a recession, despite expecting the US, Canada, and most of Europe to fall into recession at some point over the next year or so.'
Privatisation or consolidation into half a dozen large banks might not rescue public sector banks from the crisis they find themselves in.
Intense bidding is expected to be the order of the day when 10 teams jostle to grab their preferred players in the IPL players' auction in Kochi on Friday.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
The 2nd and final day of the IPL mega auction was just as dramatic if not more than Day 1 with Punjab Kings and Mumbai Indians getting in the thick of the action.
'They say 'a picture paints a thousand words', so seeing Rishi Sunak PM at the door of Number 10 can never be taken from us.'' 'It is a symbol that will go down in the history books.' 'It is the very embodiment of me saying to my boys, "You can be who you want to be",' notes James Salins in this must-read feature.
The US Fed interest rate decision, domestic macroeconomic data announcements and ongoing quarterly earnings are some of the major factors that will drive the stock markets in a holiday-shortened week, analysts said. Besides, monthly auto sales numbers and the LIC IPO will also remain in focus, they added. Equity markets will remain closed on Tuesday for Id-Ul-Fitr (Ramzan Id). "The market is likely to kick off this week on a sombre note after a sharp fall in the US market then the focus will shift to the outcome of the US FOMC meeting, which is crucial amid record inflation and growth worries.
The currency market won't care for our moans, groans, cries and sighs. The rupee will find its own level, explains Tamal Bandyopadhyay.
The 21-year-old Essex all-rounder, who made his one-day international debut against Australia in the recent series, is the surprise inclusion.
The country's foreign exchange reserves surged to $576.98 billion as on March 31, 2021 from $544.69 billion at September-end last year, an RBI report said. Foreign currency assets (FCA), a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion, the report noted. On balance of payments basis (excluding valuation changes), foreign exchange reserves increased by $83.9 billion during April-December 2020 as compared with $40.7 billion in the year-ago period, it said.
Foreign investors have pulled over Rs 6,400 crore from the Indian equity market in the first four trading sessions of the ongoing month when the Reserve Bank of India (RBI) and US Federal Reserve raised interest rates. Given the headwinds in terms of elevated crude prices, inflation, tight monetary policy among others, FPIs' flows in India are expected to remain volatile in the near term, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities, said. Foreign Portfolio Investors (FPIs) remained net sellers for seven months to April 2022, withdrawing a massive amount of over Rs 1.65 lakh crore from equities. This was largely on the back of anticipation of a rate hike by the US Federal Reserve and due to the deteriorating geopolitical environment following Russia's invasion of Ukraine.
India will be keen to go one step ahead and claim the title that has eluded them
Former chancellor Rishi Sunak convincingly won over an audience of Conservative Party members in a head-to-head television debate with rival Foreign Secretary Liz Truss in the leadership contest to elect a new Tory party leader and British prime minister.
A desperate Indian team will pray for a rain-free third and final ODI against New Zealand on Wednesday in its bid to finish on an even keel in a series that neither had context nor any major takeaways.
England should instead celebrate the fact that, among all speculation, intimation and finally confirmation, Kevin Pietersen made it absolutely clear that he wants to carry on as a player.
IMAGES from the English Premier League matches played on Sunday.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
When it comes to running between the wickets -- which is exactly what an FM and a governor do -- Jadeja always defers to Dhoni's larger judgement of the situation and the needs of the team, observes T C A Srinivasa-Raghavan.
Ishan Kishan's Rs 15.25 crore winning bid from Mumbai Indians bettered the Rs 14 crore figure that Chennai Super Kings paid to retain Deepak Chahar.
The country's foreign exchange reserves surged by $58.38 billion in April-September 2021 to $635.36 billion, says an RBI report released on Wednesday. The forex reserves were at $576.98 billion at end-March 2021. The Reserve Bank of India (RBI) publishes half-yearly reports on management of foreign exchange reserves.
If the CBDCs don't offer interest, why will people shift from cash to CBDCs?, asks Tamal Bandyopadhyay.
Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.
After spending around seven weeks inside the bio-bubble in India, the 23-year-old Bess is currently involved in the county season, looking to rediscover his form with Yorkshire.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
Thousands lined the route to catch a glimpse as Queen Elizabeth II's coffin, seen in public for the first time, made its journey on Sunday from Balmoral Castle in Aberdeenshire to arrive at the late monarch's official Scottish residence of Holyroodhouse Palace in the capital city of Edinburgh.
Olonga wasn't a cricketing great, not even Zimbabwe's best during the golden era of the country's cricket, but the beaded hair, a slinging action and a mean bouncer to get Sachin Tendulkar out on a lifeless Sharjah track made him a household name in India.
Akhtar said that India don't need to be scared as they can beat England on fair pitches.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
Asked about his fleet of luxury cars and other references to his lavish lifestyle as the counsel for the banks cross-examined him, the Reliance Communications chief dismissed them as "speculative" media stories.
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