Stemming from the default of IL&FS in September, on various debt instruments including commercial papers, bonds and loans, the financial sector has been facing a liquidity crunch for the last eight to ten weeks.
Billionaire entrepreneur Elon Musk has said Twitter is "very slow" in India and many other countries. "Twitter is very slow in India, Indonesia & many other countries. "This is a fact, not a "claim". "10 to 15 secs to refresh homeline tweets is common.
Apart from the assembly of five or more persons, it prohibits processions, use of loud speakers, musical band and bursting of crackers in any procession.
Analysts and economists have hailed the fiscal projections in the interim Budget, saying the lower fiscal deficit forecast shows that the government, even in an election year, is serious about fiscal consolidation and that the numbers look achievable. According to Devendra Kumar Pant, the chief economist at India Ratings, the two broad themes of the interim Budget are fiscal consolidation and stepping up focus on agriculture/rural to course correct, to some extent, the differential benefits of the ongoing economic growth that's tilted in favour of upper-income bracket/urban households. The projected fiscal deficit numbers for FY24 and FY25 suggest that the government is serious about achieving the fiscal consolidation path of 4.5 per cent fiscal deficit by FY26, and given the nominal GDP growth assumption and revenue buoyancy, the target appears plausible, Pant said in a note.
The Maharashtra State Election Commission (SEC) on Thursday stayed the elections to 92 municipal councils and four nagar panchayats in view of the next week's hearing on OBC reservations before the Supreme Court.
Wipro was the biggest loser among Sensex firms, sliding 2.32 per cent, followed by HDFC Bank, Power Grid, UltraTech Cement, ITC, ICICI Bank and Tata Motors. IndusInd Bank, Maruti, State Bank of India, Mahindra & Mahindra, Asian Paints and Bajaj Finserv were among the gainers.
State Election Commissioner Rajiva Sinha on Thursday said that the village council elections will be held on a single day, with the deadline for filing nominations set for June 15. The votes will be counted on July 11.
Rahul Gandhi was booked on Tuesday for 'wanton acts of violence' by the Assam Police as the political confrontation between the Congress leader and state Chief Minister Himanta Biswa Sarma escalated on the tenth day of the 'Bharat Jodo Nyay Yatra', with Gandhi asserting that he does not get 'intimidated' by such tactics.
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
The apex court observed that it respects the local sentiments but asserted authorities cannot let the law of the land not prevail especially when there is nothing affecting the personal rights or personal laws.
The TMC has won in 34,560 gram panchayat seats, besides leading in 705 seats, according to the SEC as of 11.30 am on Wednesday.
Jailed hedge-fund founder Raj Rajaratnam has agreed to pay $1.45 million to settle a civil lawsuit filed by US regulator SEC against him and India-born former Goldman Sachs director Rajat Gupta for their roles in one of the largest insider-trading schemes in US history.
'Investors with higher risk appetite and longer horizon (more than one year) can invest in longer-duration funds like corporate bond funds, long-duration funds and gilt funds for maximum gain.'
The Election Commission had pegged the cost of procuring additional Electronic Voting Machines and paper-trail machines for holding synchronised Lok Sabha and assembly polls at nearly Rs 9,300 crore.
The Supreme Court on Thursday warned the Maharashtra State Election Commission (SEC) of contempt action if it renotifies the election process to 367 local bodies, where it has already commenced, in order to provide reservation to OBCs.
The Madhya Pradesh Congress demanded an apology from the BJP for "insulting" the defence forces.
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Prohibitory orders were imposed in parts of Ranchi city after some policemen, including an Indian Police Service officer, and others were injured in Ranchi on Friday while trying to control a mob near a temple, an official said.
Regardless of market levels, invest in stocks and equity mutual funds in a staggered manner.
Opinions vary, but fund managers remain bullish.
The BJP delegation also demanded that the CEO Aarif Aftab disallow Kolkata Police from having direct control to maintain law and order in the constituency on the polling day to ensure free and fair poll.
The Enforcement Directorate (ED) on Tuesday arrested former Mumbai police commissioner Sanjay Pandey in connection with a money laundering case linked to the alleged illegal phone tapping of NSE employees, officials said.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
Foreign Portfolio Investors' (FPIs) selling spree continues as they pulled out over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
The team will then proceed for discussions with the government-appointed Board of Satyam Computer Services in Hyderabad on Thursday to assess the present status of India's fourth- largest software firm. Following the confessions of Satyam's founder and former chairman B Ramalinga Raju that he had cooked up the firm's balance-sheet for several years, US investors have filed over a dozen law suits against the company in various US courts.
Section 144 of CrPC has been imposed in Mumbai for December 11 and 12, prohibiting rallies, morchas, processions etc of persons and vehicles.
A Delhi court on Thursday dismissed the bail application of former Mumbai Police Commissioner Sanjay Pandey in a money laundering case related to alleged illegal phone tapping and snooping of national stock exchange (NSE) employees. Special Judge Sunena Sharma said the material available prima face showed Pandey was actively involved in the execution of recording and monitoring of calls at the NSE, and was directly communicating with the bourse staff as well as those of the iSec, the company he founded and which was responsible for the cyber security audit of the NSE. The judge noted the material collected by the investigating officer "prima face" showed the retired IPS officer was in de facto control of the affairs of iSec even after 2006, when he resigned as a director, and kept attending the meetings with NSE officials.
Prohibitory orders banning the gathering of people were imposed in Karnal on Monday, a day ahead of a farmers' planned gherao of the mini-secretariat over the August 28 lathicharge episode, officials said.
A high-level committee to explore the feasibility of conducting simultaneous elections, headed by former president Ram Nath Kovind, held its first meeting in New Delhi on Saturday and decided to invite political parties and the Law Commission to seek their views on holding synchronised polls in the country, a statement said.
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said the State Election Commission has already issued a notification and it will remain unchanged.
The Reserve Bank of India has permitted sale of government securities already contracted for purchase with effect from April 2, subject to certain conditions.
Among index funds, the most popular products are funds tracking the Nifty 50 and Sensex, says Dwaipayan Bose, and explains the finer points of selecting the right index mutual fund.
Calling a "matter of serious concern" the registration of FIRs under Section 66A of the Information Technology Act it had scrapped in 2015, The Supreme Court on Tuesday asked the chief secretaries of states concerned to take back the cases within three weeks.
Securities and Exchange Board of India may soon launch a full-fledged investigation into the alleged violation of mutual funds regulations by JM Mutual Fund while dealing in government securities.
The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives. "The fund is operational now. "The required corpus has been raised by AMCs and the remaining part (Rs 30,000 crore) is in the form of a guarantee from the government which will be activated only in case of a credit event," explained D P Singh, joint CEO and deputy MD, SBI MF.
The Maharashtra government has moved the Supreme Court seeking recall of its order by which it had directed the State Election Commission (SEC) not to re-notify the poll process to 367 local bodies, where it has already commenced, in order to provide reservation to OBCs.
The Calcutta high court has asked the State Election Commission to explore the possibility of postponing the civic polls to four municipal corporations by four to six weeks in view of a surge in COVID-19 cases in West Bengal.
Palaniswami currently helms the party founded by the charismatic M G Ramachandran and nurtured by the redoubtable J Jayalalithaa.
Prohibitory orders were imposed in a part of Neemuch city in Madhya Pradesh after a dispute between two groups over the installation of an idol near a dargah, which led to tension in the area, officials said.
The Union health ministry on Thursday termed as 'misleading' and 'fallacious' media reports which claimed that regulatory approval for COVID-19 vaccine Covaxin was rushed due to political pressure.
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