Uttam Ghosh offers his take on the Delhi police's brutal crackdown on Jamia Millia Islamia students on Sunday during a protest against the Citizenship (Amendment) Act.
The Centre's fiscal deficit at the end of the first five months of the current fiscal touched 27 per cent of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit -- the gap between expenditure and revenue -- was at Rs 4,35,176 crore as of August-end, according to data released by the Controller General of Accounts (CGA). The deficit stood at 36 per cent of the Budget Estimates (BE) in the corresponding period of 2023-24.
Alternative investment funds (AIFs) - investment vehicles favoured by the affluent - have topped $50 billion (Rs 4.3 trillion) in total investments for the first time during the April-June quarter, according to the latest data from the Securities and Exchange Board of India. The industry's commitments have approached Rs 12 trillion ($140 billion), marking a 40 per cent increase over the past year. The amount raised and deployed stood at Rs 4.74 trillion ($56 billion) and Rs 4.32 trillion ($51 billion), respectively, the data shows.
From the 30 Sensex firms, Mahindra & Mahindra, State Bank of India, Bharti Airtel, Hindustan Unilever, Kotak Mahindra Bank, UltraTech Cement, Adani Ports, and Tata Steel were the biggest gainers. ICICI Bank, IndusInd Bank, Asian Paints, Tech Mahindra, Infosys, HCL Technologies, Tata Consultancy Services, and Larsen & Toubro were among the laggards.
Uttam Ghosh compares the two events -- the labour ministry's ignorance and a young intellectual's incarceration -- and is mystified as many Indians are by what occurred.
Uttam Ghosh asks if the hasty manner in which the farm bills were passed means another strike against democracy in a nation which prides itself as the most populous democracy in the world.
Uttam Ghosh's unique take on the Citizenship Bill.
A billion of them could fit on a pinhead, yet this tiny coronavirus has pulverised life on our planet.
Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley. This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India.
'Some of the astounding proposals, if translated into statutory provisions, would be suicidal.' 'This would not be a wonder cure for increasing insurance penetration and only result in mushrooming growth of players like paan kiosks with deleterious consequences.'
Credit card spending in September recorded strong growth of 25 per cent year-on-year (Y-o-Y), marking the highest increase in six months. Even as many banks saw higher slippages during the July-September quarter of 2024-25, spending growth exceeded 20 per cent for the first time since February. According to the latest data released by the Reserve Bank of India (RBI), September spending reached Rs 1.76 trillion, compared to Rs 1.42 trillion in the same period a year ago. In August 2024, credit card spending was Rs 1.68 trillion.
Uttam Ghosh offers his take on Defence Minister Rajnath Singh's accusing the Congress of internationalising the Kashmir issue.
Uttam Ghosh offers his take on Vikas Dubey's arrest and mysterious death in a police encounter.
Uttam Ghosh offers his unique take on the 10% quotas proclaimed by Narendra Damodardas Modi's government.
Global brokerage firm CLSA has reversed its early tactical shift from Indian equities to Chinese stocks, and has decided to raise India allocation while cutting exposure to China. In its report titled 'Pouncing Tiger, Prevaricating Dragon', CLSA cited challenges facing Chinese markets in the aftermath of Donald Trump's victory in the US elections as the reason for the move. "Misfortune can happen in threes. So it has played out for Chinese equities over the past week.
Benchmark indices Sensex and Nifty climbed to fresh all-time highs on Thursday driven by buying in auto shares amid a sharp rally in Asian markets. The BSE Sensex jumped 666.25 points or 0.78 per cent to settle at an all-time high of 85,836.12. During the day, it reached a record intra-day peak of 85,930.43, surging 760.56 points or 0.89 per cent.
Uttam Ghosh offers his take on Congress leader Rahul Gandhi traveling to Indonesia to meditate at a time when his party is in severe disarray.
More than 50 per cent of SIP accounts come from semi-urban and rural areas.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Sports minister Mansukh Mandaviya called the shooting World Cup final, which commenced in New Delhi on Monday, a celebration of excellence and added that the country felt honoured to welcome the best in the business.
Macroeconomic data announcements, global trends and trading activity of foreign investors would be the major driving factors for the equity markets this week, according to analysts.
Uttam Ghosh offers his take on Monday's assembly election in Maharashtra.
Foreign direct investment in India jumped 47.8 per cent to $16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data. FDI inflows were at $10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to $5.85 billion and in June to $5.41 billion from $2.67 billion and $3.16 billion, respectively, in the year-ago period.
The Indian men's hockey team dished out a dominant performance to launch its title defence with a commanding 3-0 win over hosts China in the Asian Champions Trophy in Hulunbuir, China on Sunday.
You can explore the option of talking directly to the manager, suggests rediffGURU Archana Deshpande.
Uttam Ghosh offers his take on US President Donald J Trump's tweet 'All is Well' after Iran launched missile strikes on US bases in Iraq, on January 9, 2020.
Uttam Ghosh offers his take on India on the Global Hunger Index.
Foreign portfolio investors (FPIs) withdrew Rs 14,790 crore ($1.8 billion) from financial stocks in the first half of August, driven by global risk aversion sparked by US recession fears. Additional factors contributing to the decline in banking stocks included subdued earnings growth in the June quarter, concerns about slowing deposit growth, and stricter liquidity norms imposed by the Reserve Bank of India.
India and France are negotiating the deal for buying 26 Rafale Marine jets which are going to be deployed on the INS Vikrant aircraft carrier and different bases.
In addition to interest rates, review the fine print for penalties and repayment terms, and select a reputable lender to avoid harsh recovery practices.
After a year of decline, mergers and acquisitions (M&As) in India increased 13.8 per cent, reaching $69.2 billion in the first nine months of 2024, as against $60.8 billion during the same period in 2023. Led by Indian companies and private-equity (PE) firms, 2,301 transactions were signed between January and September this year as compared to 1,855 transactions reported in the same period last year, according to the Bloomberg data.
A government school principal was arrested in Kota after he allegedly deleted Ganesh Chaturthi greetings posted on the school WhatsApp group, which triggered protests by people of the village, officials said on Sunday.
Uttam Ghosh offers his take on the shocking media treatment of a young woman whose only crime appears to be loving a young man who decided to take his life
The government on Tuesday announced a new centrally-sponsored scheme for skilling 20 lakh youth over the next five years. The announcement was made by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25. The minister said that model skilling loan scheme will be revised to facilitate loans up to Rs 7.5 lakh.
'Assess the property in terms of type, size, location and price point, and whether it fits into your budget.' 'If it checks out on these fronts, one may consider the accompanying offers.'
The world is celebrating Raj Kapoor's birth centenary, but when was the last time you watched an RK film?
The funding environment in India for startups is improving this year if one were to go by Bain & Company estimates. Five private equity (PE) investors that come on top on the criterion of deal size collectively put in $9 billion in the first half of 2024, surpassing their outlay for last calendar year, when it was $8 billion. At the top of the list is Swedish firm EQT, which acquired US-based and listed Perficient at an enterprise value of $3 billion, the deal being done by the Indian wing of the company. It has also added to its list by putting in $500 million in WSO2, a "software as a service" company, increasing its tally to $3.5 billion.
'Value index funds are most appropriate for long-term investors who can withstand deeper drawdowns.'
Roughly 40% of this projected outlay is expected to go towards emerging industries, including green hydrogen, clean energy, semiconductors, and electric vehicles.
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