The view among the regulator and the government is that the currency is overvalued
Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Prime Minister Narendra Modi's phone call to Trump will help restore a degree of sanity to Indian statecraft and diplomacy, notes Ambassador M K Bhadrakumar.
General Naravane's UAE and Saudi Arabia visits communicate India's long awaited arrival in the domain of integrated foreign policy where the diplomatic and the military domains both complement each other much more substantially, observes Lieutenant General Syed Ata Hasnain (retd).
Devangshu Datta highlights the silver lining for the long-term investor.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
The way Dilip came to the porch to receive Lata, you would never have guessed something was amiss between the two. Raju Bharatan's many wonderful insights into Dilip Kumar's life.
While some equity analysts have raised target prices for public sector banks, others remain cautious
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
A fall presents an opportunity to buy rate-sensitive stocks.
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
Founded in 1966 by Bal Thackeray, the Shiv Sena in its more than five decades long journey has allied with the Congress, formally and informally.
The US election campaign has provided plenty of ammunition for the CCP to make its case that its political system is superior.
The Competition Appellate Tribunal (Compat) had on December 7 last year ordered fair trade watchdog CCI to probe afresh the alleged abuse of dominance by the popular tax-hailing app operator.
In a major blow to Donald Trump, the prestigious Harvard Republican Club today announced that it will not support the Republican presidential nominee in the November general elections.
BSE IT index was the biggest sectoral loser, down 1.5% dragged by TCS
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
Traders believe the RBI will step in more strongly, if the rupee starts falling towards 65
IT majors along with metal names Sesa Goa and Hindalco buck trend.
While Britain grapples with a hung parliament, EU has warned, 'We don't know when Brexit talks start. We know when they must end.'
NITI Aayog vice chairperson Rajiv Kumar tells Indivjal Dhasmana that additional funds could be generated through divestment, and that the fiscal deficit should be widened while focusing on the revenue deficit.
'I couldn't think of a more visible strategic form of cooperation than both of our armed serves using a similar weaponry jointly developed together.' Aziz Haniffa/Rediff.com reports from Washington, DC on what is expected in the India-US defence relationship during Prime Minister Modi's visit.
'The north east does not want the solution that the BJP has given and it has become clear that it has not been fully thought through,' says Aakar Patel.
RBI Governor Shaktikanta Das said the central bank saw economic growth slowdown in February, prompting it to cut rates ahead of the curve and wondered why markets were surprised with the decision to pause rate reduction. Noting that there is a need for an "informed and objective discussion" on the country's economy, Das said the RBI would do "whatever is necessary" to address growth slowdown, spikes in inflation as well to ensure good health of banks and non-bank lenders. The apex bank went for five consecutive rate cuts starting in February this year, making it a cumulative reduction of 1.35 per cent.
Owing to Finance Minister Nirmala Sitharaman being new to her role, a number of crucial announcements in the Budget bore Garg's imprint, especially the decision to borrow in overseas markets, reduce the fiscal deficit as a percentage of gross domestic product, and resort to off-Budget borrowing to meet that target, says Arup Roychoudury.
'The Chinese devalued the yuan initially but then stopped'.
'Whether it is the One Belt One Road project or building relationships in the Indian Ocean Region -- supposedly our area of concern -- the Chinese are seriously outpacing us,' points out Vice-Admiral Premvir Das (retd).
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
Of the 52 economists polled, 50 expect the policy repo rate to remain at 7.25 per cent, and 47 of 48 respondents see the cash reserve ratio, or the portion of deposits banks have to maintain with the central bank, unchanged at 4 per cent.
IT shares lost ground tracking a sell-off in tech stocks on Nasdaq on Friday
Markets shrugged off RBI's neutral stance on key policy rates.
RBI's intervention in the currency market is through public sector banks.
'Trump's stated strong stance against Islamist extremism and terrorism could play into the Indo-US relationship.' 'It could mould US attitude and exert pressure on Pakistan.' 'In the event of US military presence in Afghanistan increasing, however, Pakistan could gain an opportunity to again emphasise its importance.'
Foreign ministry spokesman said no change in China's position in case of non-NPT countries.
Industry body CII has asked the governments of Delhi and Rajasthan to reconsider their decisions to scrap the FDI policy for multi-brand retail as such investments would help create millions of jobs and benefit consumers.
RBI should monitor export credit offtake and how well banks implement its instruction.
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
Ajit Balakrishnan offers a thinking man's guide to e-commerce controversies.
India rejected the proposed interim measure and trade facilitation agreement, risking an outright collapse of the ongoing talks.
