'Every person has two identities in India, that of his caste and nation.' 'It is understandable in a multi-caste, multi-religious society and I don't mind this.' 'What I mind is the State has failed in doing enough to melt these two identities in such a way that everybody has access to citizenship which is more important than your caste.' 'That is why people remain in the narrow identities of his caste or religion.'
In the broader markets, the mid and smallcap indices were up 0.3% each, underperforming the BSE benchmark index which gained 0.5%.
Markets extended gains for the fourth consecutive day tracking gains in banks, capital goods and oil and gas majors.
The market breadth, indicating the overall health of the market was strong
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
'Despite uncertainties around demonetisation and the GST, we expect Indian equities to deliver positive returns.'
While demonetisation will benefit the organised sector, the government has to find a way to channel the upcoming revenue buoyancy towards job creation to balance out job losses in the informal sector, says Akash Prakash.
However, the number of confirmed cases reported by states rose by over 500 to cross 3,000 with at least 90 dead. While Maharashtra, Telangana and Delhi disclosed several new cases of the deadly virus infection, government officials said the numbers have risen in last few days mostly due to one event -- referring to the Tablighi Jamaat's religious gathering in the national capital attended by thousands of people last month.
A combination of demonetisation, a poorly and hurriedly implemented GST, and more recently the "botched up" lockdown of the economy to control the spread of Covid has brought the economy to its knees.
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
Strict lockdown-like restrictions are already in place in the southern stateand the Pinarayi Vijayan government decided to clamp the complete shutdown in the wake of severe spike in the positive cases.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
If you want to apply for a job at State Bank of India (SBI), any default on loans or credit card payment will render your ineligible.
Its economy dependent on tourist arrivals, the hill state is looking at a summer of discontent. Not that the rest of the year promises to be any different. Ashwani Sharma reports from Shimla.
HR guru Mayank Rautela provides a three-point plan.
Despite all of the PM's many strengths, it is increasingly clear that he does not necessarily have a coherent and clear worldview on matters of macro policy.
The Survey lists some of the challenges that might impede India's progress.
The S&P BSE Sensex ended 190 points up at 23,382.
While the UN report said that FDI inflows rose 6 per cent in 2018 to $ 42 billion, the government's own data for the entire FY19 period has shown that inbound equity investments declined for the first time in six years in FY19.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Morgan Stanley's Asia and Global Emerging Markets Strategy Report downgraded software firms on valuation and earnings concerns.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
Women are multitasking and management queens. The pointers here can easily be managed by all women along with juggling their current tasks at hand. Superheroes are fictional whereas superwomen are real. They are all around us!
'The UPA was the gang that couldn't shoot straight. The NDA is the gang that can't stop shooting. They (the Modi government) are shooting at anybody, everybody, all directions, shooting themselves in the foot.'
The US president, who has expressed disappointment over China's handling of the COVID-19 pandemic, claimed that it was the "incompetence" of Beijing that led to the mass killing across the globe.
'If the government was serious about co-opting the corporate sector meaningfully in the fight against COVID-19, it could have specified activities beyond cheque-writing,' notes Kanika Datta.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
About 80 per cent of the companies that are registered are essentially non-IT.
Nokia, that has already begun manufacturing of 5G equipment at its Chennai plant, is also readying for exporting the products to several key markets like the US.
Shravin Mittal's venture capital firm, Unbound Advisors, has made investments worth over $500 million so far
Metal stocks lose ground with Hindalco, Tata Steel, Sesa Sterlite down 4-10%.
The S&P BSE Midcap and S&P BSE Smallcap indices hit a new lifetime high
BSE Mid-cap index ended lower by over 2.5% and BSE Small-cap index tumbled over 3%.
As part of the deal, Padukone will own equity in Drum Foods.
No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
'It will take six months to one year to move to normalcy, depending on how the pandemic plays out in India.'
Subsequent data revisions revealed that growth had not slowed that sharply.
India Inc is borrowing from global firms as interest rates sky rocket in India.
