'The economy of Kashmir has collapsed.'
The JV, Voltbek Home Appliances, aims to take on LG, Samsung as well as home-grown players such as Godrej among others head on with a slew of products that hopes to combine the best of both worlds -- European technology and design, with Indian pricing and delivery.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
India has been eyeing deeper energy ties with Iran and has already lined up $20 billion as investment in oil and gas as well as in petrochemical and fertiliser sectors there.
Fall of rupee is not necessarily a bad thing as it will support exports which will help bridge the gap in current account deficit, Chief Executive Officer of Nordea Asset Management Company Allan Polack said.
Market breadth is positive with 942 advances and 196 declines.
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
The sentiment-driven rally also got support from stock specific earning results and Finance Minister Arun Jaitley's statement that the Centre will step up reforms to attract more investment and fill up infrastructure deficit.
Brexit will likely put brakes on the UK's growth prospects.
India Inc is ready to diversify into unchartered areas.
Lower gold imports and higher overall exports to help narrow the gap.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
Broader markets underperformed indices with BSE Midcap down 0.43% while the Smallcap index fell 0.07%.
The broader markets are, however, outperforming the larger peer.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
Why is Xi Jinping visiting Saudi Arabia, Egypt and China this week? Former RA&W officer Jayadeva Ranade explains the significance of China's outreach to the Middle East.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
A vilification campaign against Rosneft has begun in right earnest, says M K Bhadrakumar.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
However, BJP has not given any assurance of support and conveyed to the Finance Minister that the matter will be discussed within the party and take a call, sources said.
The winter session of Parliament will commence on November 26.
Faster normalisation of central-bank balance sheets will drive yields higher.
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
'An isolationist US and a disintegrating European Union will create a power vacuum that only China is in a position to fill -- a conclusion that is uncomfortable but unavoidable,' says Nitin Desai.
While India allows 100 per cent FDI in a large number of the sectors, there is a ceiling on foreign investment in sensitive segments like multi-brand retail, insurance, defence and telecom.
Bank of Baroda ended flat after sharp gains in the previous session.
Sensex in green in afternoon trade.
The rupee's strength has had an overall negative effect on merchandise trade
Modi's visit to some developed countries such as the US, Japan, China and Australia were sprinkled with humongous investment figures. But do we have the wherewithal to absorb such big investments?
Midcap stocks continued to remain on buyers' radar with BSE Midcap index up 0.1%.
'A positive oil shock has a detrimental effect on growth and activity.'
RBI's fifth bi-monthly monetary policy meet due tomorrow also kept the investors on their toes.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
Skittish investors snapped up gold and other safe-haven assets amid fears of a global economic slowdown
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
Even if the central bank doesn't pull the trigger later, it is still expected to by the end of the year.
Despite the rally, on the basis of valuations, Indian markets aren't too expensive, says Christopher Wood, managing director and equity strategist at CLSA.
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