Oil tanked to a 7-year low as OPEC decided to maintain production.
Joint Secretary in the Health Ministry Lav Agarwal claimed that India has been doing better than many other countries on the outcome ratio, which is the number of recoveries from coronavirus infection versus the number of deaths.
'If you delay the diagnosis even by 24 hours, in that 24 hours individuals would have affected more people.' 'So, contact tracing, testing, isolation, quarantine needs to continue.'
The rupee fell to a two-year low of 64.84 against the US dollar.
Both have made factory jobs the centre of their economic agendas. Kanika Datta explains the practical limits to their ambitions.
The euphoria of Ab Ki Baar Modi Sarkar will fade quickly if the Modi government does not raise its game, and focus significant monetary resources and managerial skills on making India's infrastructure truly world-class, says Ram Kelkar.
Spot gold fell as far as $1,142.10 an ounce on Thursday, its lowest since November 2014.
Sharp rate hike in Russia further raised concerns about the global economy.
After a volatile session, Sensex closed the day 563 points lower
US rate hike fear keeps Asian firms in check; India most upbeat.
'There was an overt campaign and there was a covert campaign. The overt campaign may be development, government, and all this nonsense. But the covert campaign, which Mr Amit Shah was doing, was far more important with the help of RSS cadres. This has been an RSS election. From day one I have been saying, this is not Congress versus the BJP, this is Congress versus the RSS,' says Jairam Ramesh, one of the key strategists of the Congress party.
As the campaign peaked, AAP leaders evidently realised they had to deflect their chief opponent's attempts to polarise the electorate over religious identity, explains David Devadas.
'The big elephant in the room is our misguided view about the rupee.' 'India is scared that if our currency appreciates, who will buy from us. But a breakout is inevitable.'
India needs to sustain a GDP growth rate of 8 per cent to become a five trillion dollar economy by 2025, the Economic Survey has stated.
'The Himalayan people may not represent a large or politically influential section of the population, but India's security depends on them.' 'Let us hope Sikkim remains a beacon of stability,' says Claude Arpi after a recent visit to the picturesque north eastern state.
Markets finished the session on a dismal note with Sensex closing at its lowest level since August 2014.
Darjeeling is on the boil over the demand for a separate Gorkhaland state. June and July are bad months to have a strike. Tea picking during its most valuable season has been affected. Those consequences will be felt all over the world and ultimately damage Darjeeling tea.
'I'm least bothered about the rankings of Kashyap or Srikanth. I want to make it on my own by winning titles.'
And no, the commercial sporting leagues didn't cause the drought, says Shekhar Gupta.
'The majority of transmission will be via people who are within two metres of one another.' 'The closer you are, the more likely that you'll be infected.'
For rest of the year, the issue is largely going to be the balance between growth rates and macro stability versus interest rates, says Sankaran Naren.
'We are at $2.7 trillion and 2024 is not far away.' 'The country will need to grow by 9% every year for 5 years continuously and raise the aggregate investment rate to 38% of GDP to achieve the government's target of turning India into a $5 trillion economy.' 'Given the fact that we are only growing at about 5% and our investment rates are only about 30%, it may take a number of years before we can reach that targeted level.'
The rupee resumed higher at 61.57 per dollar against the previous close of 61.59 and dropped immediately to 61.70 on initial dollar demand from banks and importers.
Indian names that figure on the list, but lower down the pecking order include Tatat (101). Airtel (rank: 252), Infosys (287), Life Insurance Corporation of India (292), State Bank of India (334), HCL (390), Indian Oil (427), Reliance (445) and Larsen & Toubro (464).
'India cannot function the Chinese way and the sooner people realise that, the better it will be.'
Growth concerns on China, which has already seen the yuan getting devalued twice in August, have rattled global financial markets, including that of India.
More opportunity awaits in India, thanks to decent economic growth with a rising middle class that's just discovering the web through smartphones
There were fewer Series-B deals this year versus last, but more money was raised
'Modi is the first BJP leader to try to include Dalits in its fold.' 'But the rank and file of his party is backward and want to bash up Muslims and Dalits whenever they have a chance.'
Modi has debunked the uncontested wisdom of foreign and strategic policy remaining unchanged and running on a broad national consensus. This is clearly seen in his unhesitating embrace of the US and the clear hardening shift in India's stance on Pakistan, says Shekhar Gupta.
US election results may not reverse Indian markets' bearish trend, says Devangshu Datta
HDFC and Infosys contribute the most to today's rally.
India has some ability to influence what the world order will look like, but it needs to make structural changes to the ministries of external affairs and commerce, and evolve formal coordination mechanisms with the ministries of finance and home, says Nitin Pai
Traders are waiting for the earnings season to kick off.
The rupee had eased by five paise to close at 60.50 against the dollar in the previous session on Thursday.
'Neither Modi nor the BJP have lost control over the minds and votes of their original supporters due to their tremendous political ability to play upon baser communal instincts.' 'But this buoyant support will melt away if the economic scenario remains depressing.' 'That makes 2020 an interesting year to watch out for,' notes Sheela Bhatt.
Markets closed the day in green on favourable domestic factors,
The Chinese phone maker has ensured its two brands - Lenovo and Motorola - do not cannibalise into each other's share.
Bhagwati reminded Modi that the US system was driven by lobby groups and India needed to voice its concern over the anti-outsourcing sentiment in the US
We should not see a strong rupee as strength but target a fairly priced rupee for restoring our competitiveness, says Rashesh Shah.
