No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.
RBI is likely to have reached broadly similar conclusions since it did cut rates, presumably to stimulate activity.
The 30-share Sensex ended down 245 points at 28,799 and the 50-share Nifty closed down 81 points at 8,750
IT and pharma companies again save the day; mask pain in domestic consumption.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Sensex may remain under pressure this week due to weak global factors.
Bain alleges that it invested around $60 mn based on false financial statements that EY had audited and certified
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
Even before Prime Minister Narendra Modi swept to power in 2014, Subramanian Swamy was agitating for Rajan's removal.
Indian banks are the 2nd-fastest-growing ones.
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
BSE Sensex ended at 25,549.72 up by 321 points or 1.27% and the Nifty ended 7624.40 up by 97.75 points or 1.30%.
The Glazers are unlikely to ever be liked, let alone loved, by fans of Manchester United. The fiercely private American family that bought the famous English soccer club 10 years ago has been widely depicted by the team's fans and the British media as seeking to bleed the club dry after leveraging it up with debt.
'This wipes out the entire black money in the nation in one stroke. Ninety per cent plus of the black money is kept in Rs 500, Rs 1,000 notes. What they have done is a brilliant move.'
Deutsche Bank could be the next to trim its retail operations.
Fiscal discipline has been maintained but toxic assets worth Rs 7 crore are a massive headache
Drones are being sold by e-retailers like Flipkart and Snapdeal for less than Rs 40,000 apiece.
2016 is difficult to predict, and this uncertainty will drive volatility in global markets.
Launches of new homes reduced drastically this year.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
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In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
'I want to leave behind the bank stronger and better than when I took over.'
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
Indian economy about to take-off
