India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity.
In its scheme of things, tackling inflation now comes ahead of ensuring growth in the world's sixth largest economy, points out Tamal Bandyopadhyay.
Iron ore deposits in the Donimali mine are estimated at 143 million tonnes and worth around Rs 40,000 crore. NMDC had leased the mine in 1968 for a period of 50 years. The lease expired on November 3, 2018.
VIX is meant to indicate investors' perception of the annual market volatility over the next 30 calendar days. The higher the value, the higher is the expected volatility and vice versa. VIX touched its historical peak of 85.13 on November 17, 2008, in the aftermath of the collapse of Lehman Brothers. In the past five years, it has stayed below 30.
BSE Power, Healthcare, Capital Goods, FMCG and Metal indices gained between 0.6-1%.
Markets snapped their 8-day winning streak.
The company's H-1B petition on behalf of Anisetty was denied on the sole ground that the job offered to him did not qualify as an H-1B specialty occupation.
More than 100 BrahMos missiles are planned to be built in the next three years.
A fundamental analyst pegs a PE as "high", "low", or "fair-value", depending on EPS projections. Fair-value is a subjective calculation, based on earnings expectations and interest rates (the benchmark of risk-free returns). The theory is that PE will correct from the high or low end to fair-value.
Unless each attack drone can be neutralised, India will be literally deploying elephants to stamp out ants -- and the ants may still survive! points out N Sathiya Moorthy.
Investor wealth zoomed over Rs 10.48 lakh crore in two days as the Budget-driven market euphoria continued to charge bulls on Tuesday.
A large team led by Kumar Mangalam Birla has taken charge of the integration process.
'The kind of jobs the advent of artificial intelligence, data science and so on are creating simply didn't exist before'
Instead of making the sellers bleed, experts say, e-commerce giants Amazon and Flipkart have roped in banks to offer discounts to buyers.
'There is no such thing as ultimate survivability.'
'It's all comparative -- who outperforms, who uses tactics, who optimises technology to the best is what makes the difference.'
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
War-torn Afghanistan, playing only their third match after being inducted as a Test-playing nation two years ago, completed a famous victory by defeating Bangladesh by 224 runs with 3.2 overs left on the final day on Monday.
The web-savvy Islamic State terror network has set up a 24-hour 'Jihadi Help Desk' manned by IT experts to enable its foot soldiers spread its diabolic message worldwide, recruit followers and launch more attacks on foreign soil, counter-terrorism experts say.
The crash prediction was made after Hindenburg Omen -- named after an ill-fated German plane that crashed in 1937 -- was sighted on the technical charts by Jin Miekka, who is credited with making several accurate market-linked forecasts before.
The Tatas are rather overwhelmed with some facets of the airline they have discovered, but even more unnerved by what they may not have yet uncovered, reveals Anjuli Bhargava.
Sensex ends in green on boost from bluechip stocks.
Sebi on Tuesday said, the norms covering research analysts' recommendations would also apply to journalists.
Indian equity markets registered their highest single-day percentage gains since early October.
At the BSE, 1,879 companies declined, while 685 advanced and 131 remained unchanged.
'India is a founding and permanent member of this 'club of shame': Journalists are murdered on account of what they write or intend to write, but nobody is finally brought to justice in such cases.'
'We are expecting lower levels in the week beginning March 1.'
Positive cues from Asian peers also uplifted the sentiment.
Markets closed the day in green on favourable domestic factors,
The US-based Chartered Financial Analyst Institute has decided to approach the All India Council for Technical Education to seek approval for its India operations.
Consequently, the thousands of first- and second-level students (comparable to first year and second year) will now have to go abroad to pursue the CFA course if they still wish to do so. This would mean an additional expense of thousands of dollars besides heartburn and anxiety.
China said that decision is in line with the rules of the committee.
According to Merrill Lynch (BofA-ML) report, Domestic capital markets are likely to remain volatile in the September-November period due to factors like US Fed's policy action, second quarter corporate earnings and Bihar state elections.
It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai.
The top four Indian IT firms have cash reserves of nearly $15 billion with TCS alone holding $5.9 billion in reserves, followed by Infosys with $3.6 billion, and Wipro with $3.4 billion. HCL Technologies has cash reserves of $1.75 billion.
Investors will remain cautious ahead of F&O expiry.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
On the last day of FY!5, the Sensex ended lower by 18.37 points at 27,957.49.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Fall in oil and gas output has pulled down the overall profitability.
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
