Given that there are hundreds of players in the shadow banking space, it's hard to make a credible estimate of potential NPAs. That creates more scope for panic, says Devangshu Datta.
Inflation based on the Wholesale Price Index cooled to a 5-year low of 1.77 per cent in October driven by softening prices of fuel and food items.
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
The government plans to bring down its stake to 26 per cent in these two banks, which are yet to be identified. This may not come in the way of getting investors for these banks, provided the government is willing to step back rather than run them the way it had been doing for over five decades since these banks were nationalised, points out Tamal Bandyopadhyay.
'For its part, Pakistan often gives safe haven to agents of chaos, violence, and terror.'
The new bond was changing hands at 7.72 per cent.
Retail inflation remained above the RBI's comfort level for the second consecutive month despite slipping slightly to 6.26 per cent in June while the factory output recorded a growth of 29.3 per cent in May, mainly on account of the base effect, the government data showed. The marginal slippage in the Consumer Price Index (CPI)-based inflation was noticed despite little firmness witnessed in the food inflation which inched up to 5.15 per cent in June from 5.01 per cent a month ago. Retail inflation based on Consumer Price Index (CPI) was 6.3 per cent in May 2021 and 6.23 per cent in June 2020.
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
Prime Minister Narendra Modi will on Friday launch two schemes of the Reserve Bank of India (RBI) that may go a long way in changing how the household sector invests, and complains if anything goes wrong with their savings. These schemes - retail direct and an integrated ombudsman - will be launched by the Prime Minister virtually, in the presence of Finance Minister Nirmala Sitharaman. With the introduction of retail direct, a common man can directly take a position in government securities (G-Sec), considered to be the safest asset class a sovereign can offer.
Official talks were held between Modi and Seikh Tamim for multi-sectoral partnership and strengthening of Indo-Qatar ties following which the agreements and Memorandums of Understanding were signed on the second day of the Prime Minister's visit.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
Most forecasts do not have a track record of transparency and accuracy
The NSE Nifty too recovered over 100 points, or 0.96 per cent, to end at 10,576.85.
Western drugmakers, including Pfizer Inc, Novartis AG, Roche Holding AG and Sanofi SA, covet a bigger share of the fast-growing Indian drugs market.
Moon Jae-in's visit will play a crucial role in exploring complementarities between India's Act East policy and South Korea's New Southern policy, says Dr Rahul Mishra.
Here is the full text of the joint statement issued by India and the US.
In Their Shoes is heartwarming, says Sukanya Verma.
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
A rapid fall in crude oil prices has meant the RBI is a year ahead of its inflation-targeting schedule
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
Even as India continues on the priority watch list of the Office of the US Trade Representative, strong voices from Washington, DC, have spoken out in favour of India, reports Aziz Haniffa/Rediff.com.
Traders are waiting for the earnings season to kick off.
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
Vajpayee had always felt that India must act with conviction and panache. He decided that, irrespective of the attendant risks, he would undertake what many felt was a precarious course. A fascinating excerpt from N K Singh's Portraits Of Power: Half A Century Of Being At Ringside on Atalji's 96th birthday, December 25.
Modi will have a number of high-profile multilateral and bilateral meetings with global leaders including United States Vice President Mike Pence and Singapore premier Lee Hsein Loong.
Auto and realty shares were among the top Sensex gainers.
Food and fuel are two perennial areas of concern.
An official announcement to this effect would be made next week. The vice-chairman would be of Cabinet rank.
'The Chinese devalued the yuan initially but then stopped'.
Capital dumping is being used by foreign e-commerce firms to subsidise and engage in predatory pricing, oil-to-telecom conglomerate Reliance Industries (RIL) has told the Associated Chambers of Commerce and Industry of India (Assocham) in an internal document. The document alleges that this is leading to massive unemployment and financial distress among small merchants and kirana stores. It consists of various recommendations and proposed changes that deal with Press Note 2 of 2018 (PN 2), which RIL wanted Assocham to present to the government, according to sources.
Obama seeks reduction of nuclear arsenal in India and Pakistan while Pakistan seeks NSG membership
NSO has pegged economic growth at 5 per cent in 2019-20 in its second advance estimates.
The prime minister said a stable global economic and financial system is imperative for growth as it promotes inclusive and sustainable growth.
The prime minister will have a tight schedule in the Philippines as besides attending the 15th ASEAN-India summit and 12th East Asia summit on November 14, he will have a series of other engagements including bilateral meetings with several leaders.
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
'There is no shortage of any APIs (active pharmaceutical ingredients) in the country'
Swaraj and Tillerson discussed a wide range of bilateral issues, including the situation in the neighbourhood and the Indo-Asia Pacific region, officials said.
Barring stray references such as the 'dual control' of banks and shifting the goalposts during demonetisation, he is not in a fault-finding mode with the government, notes Tamal Bandyopadhyay.
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