Investors lost Rs 24.69 lakh crore in market valuation in the last four days of severe drubbing in the equity market. Spike in global crude prices, unabated foreign fund outflows, a strong US jobs data diminishing early rate cut expectations, and the rupee logging its steepest single-day fall in nearly two years dampened investors' sentiment.
At least 13 candidates are in the race for the position of managing director and chief executive officer (MD & CEO) of Punjab National Bank (PNB), the second-largest public sector bank (PSB), according to multiple sources familiar with the matter. "Among the candidates, some are executive directors (EDs) and managing directors in major PSBs. "Financial Services Institutions Bureau (FSIB) will conduct the interviews next month," said a source.
'Additionally, the significant employment multiplier will boost direct and indirect jobs of up to 1.1 million.'
'By his words, actions, and body language during their joint press appearance wanted to convey his personal respect and, more broadly, his desire to work closely with India.'
Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled 'Pouncing Tiger, Prevaricating Dragon', CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump's victory in the US elections as the reason for the move. "Misfortune can happen in threes. So it has played out for Chinese equities over the past week.
'Make your child solve his/her problems on his/her own. Let the child see parenting as a partnership between you and your child.'
On September 18 this year, Prasad would be delivering a lecture to management students and the faculty at IIM-A, explaining finer points of the Indian Railways 'turnaround,' which earned a profit of Rs 15,000 crore (Rs 150 billion) in 2005-06.
'My family are the mainstream audience and think I am wasting my time. Until I make a Rs 100 crore film, they won't be convinced.'
Asia Securities Industry & Financial Markets Association (Asifma) has raised concerns about the Securities and Exchange Board of India (Sebi) proposal to introduce a T+0 settlement cycle. The industry association of top foreign portfolio investors (FPIs) has stated that this move could give rise to several issues, including the bifurcation of the market, liquidity fragmentation, and deterioration of market quality. In a discussion paper floated last month, Sebi has proposed a separate same-day settlement cycle that will run parallel to the existing T+1 cycle, where trades are settled the next day.
'After his warm and affectionate farewell speech, the Chief of Staff of the formation asked me, "So, now you are off to Coorg to look after your coffee estates?"' For the last time, in Army uniform and much to his surprise, I replied, "Sir, I am not from Kodagu.".'
Analysts are warning of growing risks to the market's sustained momentum, and even to the possibility of consolidation at current levels. Domestically, markets are grappling with several challenges, including a slowing economy, as indicated by the latest GDP data for the July-September (Q2) quarter of 2024-25 (FY25), sticky inflation, fluctuations in the rupee, waning consumption, and high interest rates.
'Investors may have made money in mid and smallcaps due to market momentum, but now they need to focus on fundamentals.'
The fund will promote domestic shipbuilding of all types and sizes to reduce India's dependence on foreign ships.
A Mumbai man managed to reach Guwahati on time for his wedding on Sunday, thanks to the help of Indian Railways. The groom and his relatives were travelling on the Gitanjali Express from Mumbai, which was delayed. They were worried about missing the Saraighat Express to Guwahati. A member of the wedding party posted a message on X, requesting help. The Howrah Divisional Railway Manager, acting on instructions from higher authorities, detained the Saraighat Express and ensured the swift arrival of the Gitanjali Express. The groom and his relatives were then quickly transported to the Saraighat Express by battery-operated vehicles. The wedding took place without further complications. The family expressed their gratitude to the Indian Railways for their assistance.
All sectoral indices ended lower. BSE Telecommunication tanked 2.18 per cent, metal (1.77 per cent), auto (1.70 per cent), energy (1.64 per cent), oil & gas (1.59 per cent), commodities (1.39 per cent) and financial services (1.37 per cent) were the major laggards.
Should we not be creating roles in India for the talented, asks Ajit Balakrishnan.
Senior Indian Police Service (IPS) officer Praveen Sood took over as the new Central Bureau of Investigation (CBI) director on Thursday and he will be in the post for two years, officials said.
The statements on Joshimath are creating confusion not only among affected residents but also among citizens of the country.
'Parents, students and coaching institutes will find alternatives to cater to the demand.'
The Indian Institute of Management-Ahmedabad (IIM-A) on Monday inked a memorandum of understanding with US-based Duke Corporate Education to provide 'customised corporate education programmes' in India and the Middle East.
Steel maker JSW Steel's Q3 results, announced on January 24, 2025, after market hours, failed to meet Street expectations. The company reported a consolidated net profit attributable to the owners of Rs 717 crore in Q3FY25, reflecting a 70.3 per cent decline Y-o-Y, compared to Rs 2,415 crore in Q3FY24.
"The new structure will substantially reduce taxes on the middle class and leave more money in their hands, boosting household consumption, savings and investment," Sitharaman said presenting what was dubbed as 'reformist' budget for the next fiscal in Lok Sabha.
Developers in India now have expanded access to Google's powerful AI models with the 2 million token context window in Gemini 1.5 Pro and Gemma 2, the next generation of open models.
'We not only have to secure our national interests but also prepare for new national security challenges like cyber warfare and terrorism.'
Global trends, trading activity of foreign investors and domestic macroeconomic data announcements would dictate terms in the equity market in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Wednesday for Gandhi Jayanti. "Looking ahead, it will be interesting to monitor Foreign Institutional Investors (FIIs) and their flow into India.
Siddharth Roy Kapur's RKF aims to raise around $50 million by offering up to a 50 per cent stake in the company.
'A less tense US-China relationship would make Beijing less likely to provoke India -- including on the border -- in retaliation for its close defence ties with the US.'
After a stellar 2023, the mutual fund industry sustained its growth momentum in 2024 with an impressive Rs 17 lakh crore surge in assets, driven by buoyant equity markets, robust economic growth, and increasing investor participation. Experts are predicting the positive trend will extend into 2025.
A delegation of high-level executives from US public pension funds (non-profit and government sectors) is visiting India next week to assess and familiarise themselves with the investment opportunities in the country. These executives belong to various American states and cumulatively represent $1.8 trillion in assets under management (AUM) invested across the US and global markets. The United States (US) mission to India, which includes its embassy and consulates and the Department of Treasury, along with India's Ministry of Finance and the National Investment and Infrastructure Fund (NIIF), is hosting the delegation.
The bill to amend the IIM Act of 2017 was introduced in the Lok Sabha last Friday amid disruptions by opposition members over the Manipur violence issue.
The pass-outs of the country's premier business schools like the Indian Institute of Management (IIM) can now be hired at much lower packages than they used to get when the world economies were booming.
'How can a citizen of this country having been a Member of Parliament, and the other who has seen enough of Foreign Service takes no time in saying that what happened in the neighbourhood will happen in India'
'There is a behavioural shift and conservativeness with companies cutting down on manpower and rationalising the number of people.'
'We all work hard and save money, and later spent it in hospitals!'
Infrastructure bond issuances by commercial banks in the current financial year (FY25) are likely to surpass Rs 1 trillion, almost double that of FY24, market participants said. So far this financial year, banks have raised Rs 74,256 crore via infra bonds. In FY24, the total issuances stood at around Rs 51,081 crore.
Over 200 individuals in Rajouri, Jammu and Kashmir, have been quarantined after 17 people, including 13 children, died from a mysterious illness. The deaths have sparked concerns about the spread of the illness, and a medical emergency has been demanded by local officials. A central team is investigating the cause of the deaths, with over 230 samples sent for testing. Officials have identified a common factor among the deceased: brain involvement and damage to the nervous system. Three patients have been airlifted to a hospital in Jammu, and one patient has been airlifted to PGI Chandigarh for further treatment.
'Why should we disclose classified information to satisfy those who doubt our Hydrogen Bomb capability?'
Shantanu Gangal secured 100%tile in CAT 2008. He shares his prep tips.
Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction.
