Analysts say no pressure on new CEO for immediate results.
Recent recovery in the white metal was reflected in a falling gold to silver price ratio.
Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.
Ajit Balakrishnan offers a thinking man's guide to the angst of the professions.
'Given the sharp increase in oil prices, a mounting problem for the 2nd and 4th largest importers like China and India -- the Qingdao meeting is likely to push for the large energy producers (Russia and the Central Asian Republics) and energy consumers (China and India) to arrive at some understanding for mutually beneficial outcomes,' notes Srikanth Kondapalli.
Rishabh Lawania's three tips for success: 1. Innovate. 2. Fail fast. 3. Always see ahead of time.
'While consumers have benefited tremendously from rock-bottom telecom tariffs, the telecom sector has been reeling under deep financial stress,' points out Rajan S Mathews, director general, Cellular Operators Association of India.
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.
Thomas Isaac has been in and out of the national news in his role as Kerala's finance minister since 2018 for various path-breaking tax initiatives. But it is 2020 that he has become more prominent, principally in the GST council.
Shanghai's benchmark share index plunged below 4,000 points for the first time since April
Markets closed in the red on domestic worries.
'Prime Minister Modi's message from Tuesday's meeting with industrialists was loud and clear: stand up India, stand by start-ups, take risk and invest,' says CII chief Sumit Mazumder.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
The US seems to be engaging in a game of brinkmanship where President Trump's visit has been used as 'leverage' to pressure India into agreeing to a trade deal, notes Kashish Parpiani.
Despite a strong start to trade today, key benchmark indices retreated sharply from their higher levels following bouts of profit-taking amid fresh weakness in the rupee against the dollar.
Reports suggest that the police were unable to find any contact of the company's office and had to take a Uber cab to reach the company's training centre in Gurgaon, giving credence to the perception that Uber has grown too much too soon.
Risk aversion is currently a dominant depressant to economic recovery, points out Shankar Acharya, former chief economic advisor to the Government of India.
'The banking sector appears to be on course to recovery,' declares the RBI governor.
What will be the impact on the Euro itself? Will it devalue and to what extent?
A glance back at some important events that occurred in 2018.
'At this point, it does not appear to be a Lehman Brothers kind of crisis, which had a domino effect on the financial system.'
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
Large pharmaceutical firms feel that if the quality parameters and assurance levels are brought up to the level of branded generics, then Jan Aushadhi medicines would find it difficult to retain their affordability.
The American influential IT and telecom industry sought intervention of the Obama Administration against what they alleged are "discriminatory" Indian policies, which they claimed has resulted in several hundred millions of dollars of losses in the last quarter.
RBI's out-of-turn rate cut has surprise few economists.
The most immediate cause of worry is the recent volatility in foreign exchange markets, Prime Minister Manmohan Singh tells the Assocham annual general meeting.
As the pandemic unfolded, the India-China relationship has come under severe stress. To restore normalcy, agreements between the two countries must be respected scrupulously in their entirety. Where the Line of Actual Control is concerned, any attempt to unilaterally change the status quo is unacceptable, declares External Affairs Minister Dr Subrahmanyam Jaishankar.
'We did not know we would one day dominate nearly 70 per cent of the market.' 'Today, of 100 diamonds available for trade in Antwerp, 93 are cut and polished in India.' A fascinating excerpt from Shantanu Guha Ray's The Diamond Trail: How India Rose To Global Domination.
Data used for the graph and cited elsewhere in the column were obtained from various publications of the RBI.
The finance ministry is resisting pressure from other departments to cap foreign ownership of domestic drugmakers, fearing such a move would discourage potential investors, a senior ministry source said.
Apollo and Cooper are yet to make the customary rounds of courts to settle termination charges and break-up fees, but the mood already is buoyant among institutional investors who had red-flagged the highly leveraged transaction agreed upon by the Indian company.
'The BJP's all-India plans can be expected to become clearer around 2022-2023, particularly if -- as some anticipate -- the senior Congress leadership cracks, broadly as between the Nehru-Gandhi loyalists and those who may be termed 'pro-changers',' observes Arun Bhatnagar, a retired IAS officer.
Global supply is staying in excess of demand.
Share prices of Dewan Housing, Indiabulls Housing, and PNB Housing have declined 30-80% in the past one year
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
The finance ministry and several agencies under it such as the Securities and Exchange Board of India (Sebi) and the Enforcement Directorate (ED), which are investigating the affairs of Sahara India Parivar, are worried about its exposure to National Spot Exchange Ltd (NSEL) products.
The industry employs about 10 million workforce.
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
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