Overseas investors, as well as other key stakeholders, such as brokers, custodians, and clearing corporations, are yet to iron out critical issues, even as the shift towards a shorter trade settlement cycle approaches new phases. Several industry players said foreign portfolio investors (FPIs) are still facing impediments over the trade confirmation timelines, foreign exchange (forex) bookings, and pre-funding requirements. This could potentially act as a roadblock when it comes to moving entirely to the new T+1 settlement cycle from next year.
The relentless rally in small- and mid-cap stocks continues as large-caps show signs of fatigue. In July, the Nifty Smallcap 100 rose 8.1 per cent, extending its year-to-date (YTD) gains to 48.5 per cent, while the Nifty Midcap 100 added 3.1 per cent, taking its YTD rise to 33.5 per cent. On the other hand, the Nifty50 remained unchanged for the month, with YTD gains of 12.7 per cent.
According to the global financial services major, FIIs have recouped around 25 per cent of the outflows seen over the June-August period, when the country witnessed its sharpest bout of FII outflows since the global financial crisis.
Anshu Jain spent 20 years building Deutsche Bank.
A round-up of Wednesday's action in the UEFA Champions League.
Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
The battle to manage the international environment over Kashmir has just begun, but what is expected to help is the lifting of internal controls. All eyes are now on that exercise. Aditi Phadnis reports.
Serena Williams was sent spinning out of the Western and Southern Open by Maria Sakkari on Tuesday after the Greek rallied from a set down to beat the 23-times Grand Slam champion 5-7, 7-6(5), 6-1 and reach the quarter-finals.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
IMAGES from Day 2 of the US Open played at Flushing Meadows in New York on Tuesday.
A round-up of Wednesday's action in the UEFA Champions League.
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
A round-up of Tuesday's action in the UEFA Champions League.
According to a Deutsche Bank report, the Idea-Vodafone combine will have to pay a 30 per cent lower annual installment on spectrum due to the longer duration of the payment tenure.
While Gupta, 60, can rightfully bask in the glory he has achieved for his bank in the subcontinent, his peers in foreign banks will have to revisit their India play, especially the local incorporation model, says Raghu Mohan.
A stone-faced Sharapova was left to ponder a 6-1, 6-1 drubbing that proved once again Williams has all the answers when the pair meet on court.
Deutsche Bank expects the Sensex to climb only 8% in 2017 to 29,000, and expects high volatility.
Mertens fell to the court and Sabalenka looked to the sky in disbelief before they embraced.
Speaking after a 3-6, 6-2, 6-3, 6-4 win over Bosnian Damir Dzumhur, Federer said the prize money for players at the top of the sport had improved significantly since he began playing but that was not the case at the other end of the spectrum.
The ruthless American needed less than an hour to defeat Sharapova 6-1, 6-1 and notch her 19th consecutive win over the Russian in what some charitably dub a "rivalry."
Bond issuances dipped 31.4% during January-June
Daniil Medvedev dominated Canada's Felix Auger-Aliassime 6-4, 7-5, 6-2 on Friday to reach the US Open final courtesy of a dozen aces in just a little over two hours.
'I am playing tennis because I love to play tennis'
The Reserve Bank of India (RBI) is precariously balancing two opposing objectives - maintaining easy financial condition in the domestic market, while ensuring external stability - and economists have started taking note. They say India is going through the classic trilemma of the 'Impossible Trinity'. The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates. What is even more complicated for the central bank now is that financial market stability overlays all the other three objectives.
New Delhi has high average density of built up area, nearly twice the levels of wider New York metro area.
A clash of generations will decide the US Open on Saturday with Serena Williams taking a fourth crack at Grand Slam history against teenager Bianca Andreescu, who was not even born when the American lifted her first Flushing Meadows trophy.
New York Governor Andrew Cuomo said the USTA would take "extraordinary precautions" to protect players, including robust testing, additional cleaning, extra locker room space and dedicated accommodation.
A four-member panel of secretaries is likely to submit its report on a new gas pricing mechanism to the government by Wednesday.
Big-serving Canadian Milos Raonic fired 19 aces to topple Sam Querrey 6-4, 6-4 and set up a second-round clash with either Dan Evans or Russian 10th seed Andrey Rublev.
Images from matches played across top football leagues in Europe.
Clients are seen realigning their tech strategy by moving works from own captives to third-party service providers which is mostly benefiting to large companies such as Infosys, TCS, Wipro or HCL Technologies.
"Declining market turnover due to dwindling retail and institutional investor participation, significant correction in stock prices, dismal investment banking outlook and a worsening macroeconomic scenario do not bode well for brokerage firms," as per a report by German banking major Deutsche Bank. The bank maintains negative outlook for two of the leading brokerages in the country India Infoline and Edelweiss Capital.
In many parts of central and north India, monsoon reaches only in July.
Tiger Woods should have been trying to keep his Masters green jacket out of the clutches of the world's top golfers over the next four days, instead he will battle his 11-year-old son Charlie for it over putting competitions. The Masters, which Woods won in magical fashion for a fifth time a year ago to claim his first major since 2008, has been postponed until November because of the coronavirus pandemic which has shut down world sport on an unprecedented scale.
The Cabinet Committee on Economic Affairs may this week decide to price all domestically produced natural gas as per a formula suggested by a panel headed by Prime Minister's economic advisor C Rangarajan.
'This has been an emotional week and I want to thank everyone for the outpouring of support.'
Sweden has the world's highest negative rate.
Steps to improve governance, instill confidence in the government machinery and streamlining function across the different ministries are also important to feed the positive mood, the DBS report added.
Novak Djokovic sat out last year's U.S. Open to rest an elbow injury that eventually required surgery, but that pain and frustration felt like a distant memory on Friday when the Serb completed his march to the New York final with authority.
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