Liquor market in the continent is growing twice as fast as the rest of the world.
A group of envoys including those from several Europe Union countries and a few Organisation of Islamic Countries (OIC) member states began a two-day visit to Jammu and Kashmir on Wednesday to take a first-hand account of the situation in newly-carved union territory, especially after the recently-concluded local body elections.
Reflecting the bearish mood, all sectoral indices, led by metal, teck and healthcare, ended in the negative zone.
The biggest losers in the Sensex pack were M&M, ONGC, Vedanta, Tata Steel, L&T, HDFC, NTPC and Axis Bank, falling up to 3.04 per cent.
IT, banks and metal shares lose sheen while healthcare stocks surge.
'There are some encouraging signs.' 'Notice that we have not said 7%-plus, we are keeping it at 6% to 6.5%.'
Top gainers include Yes Bank, HUL, Vedanta, NTPC, Bharti Airtel, Adani Ports, PowerGrid and Tata Motors, rising up to 5 per cent.
The 50-share NSE Nifty, however, was little changed, ending 1.20 points down
Experts point to the bitter experience of countries including Mexico, Thailand, South Korea and Russia and desist from going forward with plans of issuance of such securities. They say rather than going abroad, the country should increase participation of foreign investor in the government securities which does not have any forex risk.
SBI said it provided credit to Orbital ATK Inc as part of a syndicated deal with other banks.
External Affairs Minister Sushma Swaraj on Monday conveyed India's security concerns to her North Korean counterpart Ri Su Yong in New Delhi, emphasising the significance of peace and stability in the Korean peninsula for the country.
The banks says that valuations are reasonable.
Market players said the sell-off was triggered by pessimism that the government may not be able to balance growth with macro-stability.
A dossier will be given to the FATF, an international terror financing watchdog.
Reducing it to 1.3% would lead to savings of Rs 70,000 crore over 5 years
Investors went looking for bargain in banking, oil and gas and auto stocks.
The report, compiled by COV-IND-19 Study Group, an interdisciplinary team of researchers, said while India seems to have done well in controlling the number of confirmed cases compared to other countries like the United States and Italy in the early phase of the pandemic, the country is critically missing a key component in this assessment -- the number of truly affected cases.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
The BSE Midcap and the S&P BSE Smallcap indices outperformed to gain 0.6% and 1.1%, respectively
The RBI has already hiked interest rates 12 times since March, 2010, to control inflation, which is currently hovering near the double-digit mark.
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
Brazil, China, India, Indonesia, South Korea and Russia will account for more than half of all global growth.
StanChart to hand over pink slips to its employees in India too.
There was net outflow of $7.2 billion from the Indian market in June of which $5.4 billion was from debt market triggered by global risk aversion and currency weakness, Deutsche Bank India Equity Strategy report said.
Happy New Year! Stunning fireworks displays welcomed the New Year across the world. Take a look.
The US dollar index, which tracks the greenback against a basket of six major currencies, was 0.38 per cent lower at 95.41.
...but are we chasing yesterday's dreams, asks Ajit Balakrishnan.
BWith a distracted president brooding in the White House, Pompeo seems to think his day has come. He seems to be pushing a personal agenda before a target audience in America, observes Ambassador M K Bhadrakumar.
Sentiment was largely positive after April IIP grew at 4.9 per cent, spurred by higher growth in manufacturing and mining sectors.
Don't opt for the moratorium unless critical, advises Charlie Lee, founder and CEO, True Balance.
Singapore has scripted Asia's most successful growth story.
'The Modi government is about privatising profits and nationalising losses.'
Mutual funds have invested nearly Rs 94,500 crore in equities thus far in CY17, compared to Rs 32,000 crore in the year ago period, at a time when foreign investors have turned net sellers of India since August.
The NSE Nifty, which again went past the 9,900-mark to touch a high of 9,903.95 intra-day, finally settled 103.15 points, or 1.05 per cent higher at 9,897.30.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
The BSE 30-share index after a positive opening stretched to 31,772.41, but could not stay there for long buffeted by the selling pressure. It hit a low of 31,562.25 before settling lower by 79.68 points, or 0.25 per cent, at 31,592.03.
'India imports 70 per cent of its bulk drugs from China. Are we going to live without antibiotics?' asks Debashis Basu.
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