In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.
In just one day, more than 1,550 Americans lost their lives, taking the fatalities to over 7,380. Overall, the US on Friday in a single day added more than 33,000 new COVID-19 cases, taking the total to 276,500, the highest for any country in the world.
How on earth did Dr Manmohan Singh and his ministers conclude that the casualties of a disaster in a nuclear plant would be fewer than the deaths and injuries caused by the Bhopal gas tragedy? And that the compensation could, therefore, be capped at a smaller amount, asks T V R Shenoy.
The rupee had dipped by a massive 67 paise to an all-time closing low of 61.10 against the dollar on Friday.
46-year-old Robert Bowers, yelled "all Jews must die" before gunning storming into Synagogue was charged with 29 counts of federal crimes of violence and firearms offense
Three months after she was arrested and charged with visa fraud before being freed on a bail bond, Indian diplomat Devyani Khobragade's motion to dismiss the government's indictment on the ground of her diplomatic immunity was granted Wednesday by a Federal Judge in Manhattan.
At 11:37 am, the S&P BSE Sensex was up 28 points at 27,037 and the Nifty50 was up 2 points at 8,268
The prime minister and president stated their intention to expand defence co-operation to bolster national, regional and global security.
US economic growth slowed sharply in the fourth quarter.
Investors attribute some of the growth in Indian stocks, that saw Bombay's benchmark BSE index rise nearly a third in 2014, to the election of a pro-business government in May, under Prime Minister Narendra Modi.
Rate-sensitive sectors like banks, realty and auto witnessed heavy selling pressure ahead of the RBI Monetary policy which is scheduled on September 29.
In dollar terms, however, gold prices jumped by 26 per cent this calendar year, following sharp jump in hedge funds' long position
The U.S. economy grew faster than initially thought in the second quarter.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Adopting a wait- and-watch approach ahead of US Fed meeting
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
March and April payrolls were revised to show 32,000 more jobs.
'This has been an emotional week and I want to thank everyone for the outpouring of support.'
S&P BSE Midcap shed 0.8% while S&P BSE Smallcap tumbled 0.6%
'The nominations were not meant to last permanently, but depended on the government of the day.' 'There was no question of revoking it during Congress, Janata Dal or even Vajpayee's NDA rule.' 'But Modi is different.'
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
The Paris-headquartered FATF said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies
Pakistan Muslim League-Nawaz (PML-N) president Sharif, 70, and Pakistan Tehreek-i-Insaf (PTI) vice-chairman and former foreign minister Shah Mahmood Qureshi on Sunday filed their nomination papers for the post.
Nearly $1 million in funds from soccer's global governing body FIFA may have gone missing from Guatemala's soccer federation last year, according to sources and an internal audit seen by Reuters.
The rupee resumed higher at 61.75 as against the last closing level of 62.05 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to a one-month high of 61.53 before quoting at 61.59 per dollar at 1045 hours.
The number of recoveries also surged with 2,48,189 patients cured so far, while there were 1,78,014 active cases, according to the updated official figures at 8 am.
Japan's Nikkei fell 0.5% and South Korea's Kospi lost 1.3%.
'Going ahead, I think the world trade will slow down or decline, and this will be bad for everybody.'
We bring forth to our readers the list of nations sitting on a nuclear stockpile, based on the study findings:
Usually, a fall in oil prices is followed with a cut in retail prices of auto fuels and the government passes on the benefit to consumers. However, Morgan Stanley believes gains this time around will remain capped.
The trinity of rising stocks, rising yields and rising dollar since Donald Trump's election has already faced a setback.
SEWA International, a leading Indian-American non-profit organisation, has so far raised more than $250,000 for its COVID-19 relief efforts. It is using the money to buy personal protective equipment's, in particular facial masks and surgical masks, to donate free to the local law enforcement officials and hospitals in some of the hot spot areas like New York, who have run out of these essential items.
News of all that's transpired on and off the football field
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Since April, India has seen multiple strains of the coronanavirus sweep the nation, upending life and businesses alike. Out-of-home retail and discretionary categories such as durables, auto, fashion, lifestyle, hospitality, food services, travel, and tourism have been the worst-hit as Covid cases remain high, leaving state governments with no option but to curtail mobility and economic activity.
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
Rate sensitive sectors rallied the most led by banks while metals surged on rebound in commodity prices
BSE Bankex, Healthcare, Capital Goods and Consumer Durables ended higher.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
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