'The Chinese devalued the yuan initially but then stopped'.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
Lesser-known Indian players continued to impress, while the fancied struggled to score, even as overseas Grandmasters took charge in the third round of the World Junior Chess Championships, being played at Hotel Hyatt, in Pune, on Wednesday. S L Narayanan was one of the early finishers, holding second seed and super GM Robin Van Kampen (2641) to a draw, while 10-year-old Nihal Sarin's impressive display again won him many admirers after he held Balazs CSonka (2409) to a draw to remain unbeaten after three encounters against opponents rated higher than 2400.
'India has 1 lawyer per 1,000 population.' 'Opportunities in the field of law are plenty.'
Markets could slide again owing to conditions in Europe and the US.
A rate cut will bring positive sentiment around the Budget.
'Is he one who defends individual liberty at all costs, or is he one who allows some give and take that recognises the primacy of the social contract, our coming together to live in a society?'
The shares could continue to see outperformance if the Budget assumptions are proved correct
'The people of Pakistan and India will begin to understand what the bottom lines are. What India can accept maximum is known to Pakistan. What Pakistan can accept minimum is known to India.' 'In the absence of atmosphere you can't even talk, you can't think of writing agreements and frameworks. You have to have the right atmosphere. With the previous BJP government it had started and I hope the new BJP government will continue with that.'
An analysis of year-wise movements of average global crude oil prices versus India's GDP reveals no inverse correlation, contrary to wide belief.
TCS, ICICI Bank, Sun Pharma,Tata Motors and HDFC among the top losers for the day
There has been a welcome focus on fundamental reforms, time-bound programmes that fix accountability and the use of technology. The upcoming Budget could build on these initiatives, says Abhas Jha.
Given the better growth in JLR sales and improving domestic sales, nearly 90 per cent of the analysts covering the stock have a 'Buy' rating.
Devangshu Datta predicts the good, the bad and the ugly of currency trends for the coming year.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
The outgoing Chief Economic Advisor will always be remembered for his remarkable passion, his large imprint on policymaking and the high level of public debate he fostered
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Here's your weekly digest of the most weird, true and funny news from the across the globe.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
The new series claims GDP grew at seven per cent between April and June 2015, while gross value added (GVA) grew at 7.1 per cent.
'Gods of different religions haven't warred, so we shouldn't either.'
Higher local output estimated to depress cross-border sales
The latest results suggest Tata Steel Europe may have lost pricing power, though production and turnover are up.
Banks cannot shirk their responsibility in cases of frauds.
In the second and final part of his column, Col Anil Athale says the fight between forces of Indian nationalism and Macaulayism aided and abetted by West is going to be long, hard and dirty. The outcome will decide whether India becomes a superpower or continues to wallow in the swamp of underdevelopment.
SBI, PNB, Bank of Baroda, Canara Bank, Dena Bank, Central Bank of India ended down 3%-12% each.
Sensex rises, Nifty holds 8,900; FMCG, Pharma shares lead.
A summary of sports events and sports persons, who made news on Sunday
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
The 30-share Sensex ended higher by 46 points at 26,360 and the 50-share Nifty gained 16 points at 7,891.
Given the relative rates of gross domestic product growth, the differential will increase.
Sensex ended at 26,272 up 125 points and Nifty ended at 7,831 up by 35 points.
'If the Congress allows Arunachal Pradesh to slip out of its control, then it sends negative signals to its leaders and allies across the country,' says Rajeev Sharma.
The bear market has lasted 10 months and the Nifty is down by over 20 per cent from its all-time peak of 9,119 in March 2015.
'Progress demands regular senior-level attention from American leaders.' 'A leaders' summit is great, but we need sustained engagement to continue to forge new agreements and find new areas of cooperation.'
'Freebies are yet be proven a 'pucca' vote-catcher. But don't say that to KCR because he takes pride in two things: His record of delivery and imagination,' says Shekhar Gupta.
India must reckon with the possibility that it will struggle to attract higher overseas investment.
The 30-share Sensex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
Bank shares were the top gainer in early trades with Bank of Baroda up over 4%.
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