Bajaj Finance was the biggest loser in the Sensex pack, tanking up to 8 per cent, followed by Hero MotoCorp, IndusInd Bank, Maruti and HCL Tech. Axis Bank, ITC, NTPC and M&M were among the top gainers.
The Congress leaders agreed that demonising Prime Minister Narendra Modi was "wrong" and he should be praised for doing the right things.
The reserves rose to $501.70 billion helped by a whopping rise in foreign currency assets, the latest data from the Reserve Bank of India.
RBI sees marginal improvement in economic growth to 5-6%.
RBI said at the current juncture, the all-out effort is to maintain and sustain, with the hope that when life is secure, resources, energy and time can be marshalled to rebuild and revive.
Anil Kapoor's mastery shows in how he finds the space between an actor reaching out to his actuality while remaining an actor while Anurag Kashyap's comfort in bullying his co-actor fuels their bickering camaraderie, notes Sukanya Verma.
The Opposition on Monday demanded immediate release of all political detainees in Jammu and Kashmir, especially three former chief ministers Farooq Abdullah, Omar Abdullah and Mehbooba Mufti.
There seems to be no "closure" for B S Yediyurappa, the Bharatiya Janata Party's "comeback man" in Karnataka, as he could never complete a full term in office, despite becoming the chief minister four times, surmounting odds. It's also too early to write a political obituary of the 78-year old Lingayat strongman and the 24X7 politician, the face of the party in the state for decades.
Indian bankers are fearful that going out of their way to save Jet could lead to subsequent harassment from investigative agencies.
The regulator is also planning to widen the ambit of 'deemed fraudulent activities'.
'I was told that Agra has never been cleaned, spruced and scrubbed like it has been for Trump!' A tourist who visited the Taj Mahal over the the weekend gives an account of how the city is gearing up to welcome the Trump Parivar.
The RBI's reluctance to cut rates should be seen as a case of inability in the face of inflation.
'At this time, staying in the game is more important.' 'If we do that, then wealth can be generated.'
The finance minister's meeting with chief executives and managing directors of banks ahead of the Union Budget assumes significance in view of the critical role the banking sector plays in boosting consumer demand across sectors.
During the calendar year up to October 9, foreign institutional investors have lent shares of 224 companies, according to latest data released by the Securities and Exchange Board of India on Friday.
As yields on 10-year government bonds rose from 6.65% in April 2017 to around 7.50% now, liquidity pressures have increased the cost of funds for housing finance companies.
Demand among several pre-Budget representation by BSE Brokers' forum
"There is no reason for Indian market to go down just because the eastern markets are down. Nobody should sell in panic," he said.
The industry also emphasised on supply-side interventions by the government to tackle persistently high food inflation.
Much depends on how the liquidity situation evolves over the coming months, with greater clarity expected from the next monetary policy meeting scheduled for December 7.
Market experts on why the bulls will be on the rampage first thing on Monday after the scrapping of enhanced surcharge on FPIs and other measures to ease the systemic liquidity squeeze and boost demand. Prasanna D Zore reports.
RBI cut the repo rate - the rate at which the central bank lends to banks in exchange for government securities for a period ranging from one to three days -by one percentage point after a gap of four years. This move was preceded by RBI reducing the cash reserve ratio - the money that banks keep with central bank - by 250 basis points (one basis point is one-hundredth of a percentage point).
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
Fintech players are customising solutions for rural markets and helping SMEs learn how to use the services
When a manufacturer launches the fifth generation of a product, it is given that earlier avatars hit the mark. Ditto for the new Honda City, the latest version of which also brings in sweeping changes to the carmaker's product strategy for the Indian market, says Pavan Lall.
Before applying for a home loan, make sure you have not been delinquent in the past six months at least.
It is imperative that young aspirants consider career options that will guarantee job security -- roles that are centred around technology.
'Overall, domestic demand has moderated significantly. 'The weakening of private consumption, which for long has been the bedrock of aggregate demand, in particular, is a matter of concern,' RBI Governor Shaktikanta Das said in the MPC meetings, in October.
As share of cash volumes in trading mix sees decline, it will result in moderation of profitability from core broking operations.
Recent measures by the Reserve Bank of India and the Securities and Exchange Board of India are being seen by observers as an attempt to reverse the inexorable decline of the rupee.
If borrowers don't have access to a bank's credit facility, it could make sense to use peer-to-peer systems.
It adds that banks could be hiding some of the fraud cases, masking these as bad debt
In absolute terms, the outstanding book value of NPAs of LIC in the debt portfolio across life, pension and unit-linked funds is to the tune of Rs 32,685.39 crore at the end of December 2019.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
The coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank.
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