It is nearly after 13 years that a foreign brokerage has resumed holistic coverage on stocks of public sector banks (PSBs). To that extent, Morgan Stanley's report dated March 3, where the analysts have listed their order of preference for PSB stocks, is an indication that the state-owned banks may once again be attracting some interest, thanks to three back-to-back quarters of good results in FY21 so far. "State-owned banks' balance sheets have improved, and bad loans formation should moderate going forward," the analysts note and this is the key reason for them to relook at their stance on PSBs. While State Bank of India (SBI) remains their preferred pick, stocks of Bank of Baroda (BOB) and Punjab National Bank (PNB) have been upgraded from 'underweight' to 'equal-weight'. The brokerage maintains its underweight recommendation on Bank of India and Canara Bank.
'If journalism is the first draft of history, then photojournalism is the first draft of its evidence,' Raghu Rai, arguably India's finest living photojournalist, tells Pavan Lall.
Railway Budget will be presented on February 26.
'We get to know secrets such as some of India's top-rated firms do not always make payments when due and many State-owned, listed, enterprises that borrow in bond markets default regularly.' 'Without naming the bank, he says that ever-greening of poor loans by a part of India's shadow banking lay at the doorstep of India's banking, notably 'one private bank'.' Viral Acharya's Quest for Restoring Financial Stability in India won't be music to many ears, observes Tamal Bandyopadhyay.
Domestic markets conduct a special one-hour Muhurat trading session on Diwali every year to mark the beginning of the traditional Hindu calendar year, called 'Vikram Samvat'.
Positive cues from China - which accounts for 56.5 per cent of global crude steel production - are likely to keep demand-supply in balance and provide support to prices. All eyes have been on China, which opened after New Year holidays, as it was widely expected that prices would recover post-holidays after the weakness in January. Jayanta Roy, senior vice president, ICRA pointed out, barring last year when Covid-related restrictions affected China's steel demand in February 2020, historical trends show a typical upward movement in steel prices post-new year festivities. China's opening post-holidays was keenly awaited, especially in the wake of the sluggishness in the market in January.
The All India football Federation (AIFF) gave its go ahead to the IPL-style IMG-Reliance league with its executive committee agreeing to the holding of the tournament by its commercial partners IMG-Reliance early next year.
The BSE benchmark Sensex rose 192 points to end at 39,250 on Sunday as investors built up fresh positions in the special Muhurat trading session to mark the beginning of Hindu Samvat year 2076.
Any shift in investor sentiment may result in speculators fleeing the gold market, driving its price down sharply, quickly. One significant risk for gold is a near-term reversal in the dollar, which recently fell to a two-year low.
Read. Meditate. Take a short nap. Take up activities that strengthen and sharpen your brains, and enhances your mood and memory, suggests stress management expert Dr Khushboo Thakker Garodia.
The inauguration of the state-of-the-art infrastructure surrounding the historic Kashi Vishwanath Temple near the iconic Dashashwamedh Ghat comes ahead of the assembly polls in Uttar Pradesh early next year.
The ones who came more recently were clutching the green cards that gave them an escape hatch through which to return to green pastures: Arvind Panagariya, Raghuram Rajan, Arvind Subramanian and other perfectly honourable gentlemen like them, points out T N Ninan.
Madhya Pradesh and Maharashtra state governments had earlier approached the Railways Ministry to explore whether liquid medical oxygen tankers could be moved by the rail network, they said.
TCS was the top gainer in the Sensex pack, rising around 4 per cent, followed by ONGC, ICICI Bank, HDFC Bank, Dr Reddy's, HDFC and HCL Tech. NSE Nifty advanced 76.65 points to 14,581.45.
Manoj Jain tells you how to fight stress and find peace in your daily lives.
Two persons claiming to be the personnel of Delhi Police seized a computer hard disk and other items from the house of green activist Shantanu Muluk, a suspect in the "toolkit" case related to the farmers' protest, without a search warrant on February 12, in Beed in Maharashtra, his father Shivlal Muluk has told local police.
A high-powered probe committee set up by Lieutenant Governor Manoj Sinha visited the site and appealed to the general public to share videos, statements or any other evidence about the incident.
Malaika Arora Khan offered style tips and reminisced about her modelling days at the launch of Wendell Rodricks' The Green Room.
'The term 'pro-growth' must be qualified somewhat because, while a rising tide will lift all boats, it will not necessarily do so equally.'
'Sholay wallah kahani hai: 'Gabbar Singh aayega, Gabbar Singh aayega.' 'But what is inside Gabbar Singh nobody knows.'
According to the Central Pollution Control Board (CPCB), the 24-hour average concentration of lung-damaging fine particles known as PM2.5 in Delhi-NCR shot up from 243 micrograms per cubic metre at 6 pm on Thursday (Diwali day) to 410 micrograms per cubic metre at 9 am on Friday, around seven times the safe limit of 60 micrograms per cubic metre.
'It is going to be a tough balance for the RBI to manage economic stability and ensure smooth government borrowing.'
"We have decided not to allow people from Gujarat, Maharashtra, Kerala and Tamil Nadu till May 31, but allowed in stages (staggered manner)," the CM said said.
"Let me tell you one thing, India will win this Test even if they are 17/3," Ganguly said at a book launch event when he was jokingly asked if a green-top was "deliberately" prepared to see India lose.
MMRC Managing Director Ashwini Bhide, in a series of tweets, said the activists should accept their defeat in the court "honorably".
Where does Basavaraj Bommai stand three months after he assumed the reins of power in Karnataka?
However, it has an auditory feature that throws up a soft but audible whirring sound like a spaceship while driving as well as a different tone on the outside to let bystanders know a car is on its way, says Pavan Lall.
"She is sick and on life support system needing medication to support her blood pressure'
Manish S Shah, from Doha, Qatar, tells us how he made the most of the lockdown.
'I feel eyebrows change the expressions on a face.'
Australia coach Justin Langer called it a shame and one of his greatest "pet hates" after some spectators directed racial abuse at India's players during the third Test and were expelled from the Sydney Cricket Ground for their behaviour.
'The solution is to enable a graceful transfer of the deposit and funding 'franchise' from capital-deficient firms to capital-surplus firms.' 'This will expand credit intermediation, bring down its costs, and put the financial sector on a definite path of recovery,' argues former RBI deputy governor Viral Acharya.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
In shabby backyards and dusty barns, in deserted fields and thick forests, Dieter Klein roams strange and isolated places to find once gleaming vehicles left to rust and ruin. From a dented Porsche to a faded Cadillac, a battered VW Beetle to a whole fleet of abandoned military jeeps, Klein's subjects creak with bygone glamour and might. As moss and gnarled branches transform motors into eerie artifacts, Klein's award-winning automobile photography is not only a tribute to classic cars, but also to the transformative power of nature and the enduring intrigue of people and incidents unknown. The mesmerising results appear in stunning new coffee table book Lost Wheels - The Nostalgic Beauty of Abandoned Cars, which is out next month. Scroll down to see some of the wonderful pieces.
On a visit to India in 2013, writer Ved Mehta -- who passed into the ages on Sunday January 10, 2021 - gave Rediff.com's Vaihayasi Pande Daniel a rare glimpse into his state of mind and what he thinks of the changes he encounters in his motherland.
'Whether it's a morning walk, an evening swim or an afternoon workout in the gym, just get moving.'
Avoid oily foods, processed foods and artificial sugars, suggests nutritionist Anju Katara.
Yamini has superpowers that help her intercept souls headed to heaven or the afterworld or for reincarnation and spirits them away, on another course, to those in need.
The rule-book allows for only one sponsor's logo on the wicket-keeping gloves. In Dhoni's case, he already sports an SG logo on his gloves. Dhoni is an Honorary Lieutenant Colonel in the Parachute Regiment of the Territorial Army and dagger is part of their emblem.
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