Uttam Ghosh offers his take on the BJP's poll promises in Bihar.
The liquidity deficit in the banking system crossed Rs 2 trillion again on Monday, despite the second instalment of cash reserve ratio (CRR) reduction coming into effect from December 28.
The last time this happened was in 1996.
The recent selloff in the Indian equity market has been far more painful for mid and smallcap stocks compared to largecap stocks. The benchmark BSE Sensex is now down 9.5 per cent from its record monthly closing of 84,300 at the end of September last year. In the same period, the BSE MidCap has lost 17 per cent of its value, while the BSE SmallCap has corrected by 17.1 per cent.
'We may see this momentum going into 2025 and may keep up with the demand, given the strong pipeline.'
Equity benchmark indices Sensex and Nifty rebounded sharply on Monday after five days of steep decline amid value buying at lower levels and a rally in global markets. Besides, hectic buying in blue-chip stocks ITC, HDFC Bank and Reliance Industries also helped in market recovery.
Shrachi Rarh Bengal Tigers booked their place in the final of the Hockey India League, defeating Tamil Nadu Dragons 6-5 in a dramatic penalty shoot-out in Rourkela on Friday.
India Ratings on Thursday said that any broad-based or strong recovery in corporate capital expenditure was unlikely in the upcoming financial year 2026 (FY26) due to uncertainty of domestic and external demand. The uncertainty is adversely affecting the overall corporate sector capex. Interest rates on credit are not the primary deterrent to decisions about capital expenditure, said Soumyajit Niyogi, director, core analytical group, Ind-Ra, in a webinar on the credit market outlook.
Sebi is looking at introducing a system where an investor can sell shares as soon as they are allotted in an Initial Public Offering (IPO) to curb grey market activity, chairperson Madhabi Puri Buch said on Tuesday. The chief of the capital markets regulator also announced that the top two proxy advisory firms are on the verge of launching a portal which will be a repository of related party transactions and will be useful in judging the governance standards in a company for any stakeholder.
Towards the end of February, the Reserve Bank of India (RBI) restored the risk weighting on banks loans to non-banking financial companies (NBFCs; including to microfinance institutions, or MFIs) to 100 - back to its November 2023 position - from 125. It is only a partial relief though. "Higher risk weighting on unsecured lending continues to be in place while the same on bank funding to NBFCs has been done away with. "This is a positive step by RBI," says Rajiv Sabharwal, managing director (MD) and chief executive officer (CEO), Tata Capital.
Uttam Ghosh offers his take on the decisions by the governments of Uttar Pradesh and Madhya Pradesh to file cases against several senior journalists and asks what happened to Narendra Damodardas Modi's commitment to free speech.
Uttam Ghosh offers his unique take on the No Jobs-Agrarian Distress state of the economy.
Ace pistol shooter Manu Bhaker will lead a 35-member Indian team in the season-opening ISSF World Cups in April in South America.
Uttam Ghosh offers his take on this Theatre of the Bizarre.
Most of the MLAs shared their resignation letters on social media and slammed the Aam Aadmi Party over corruption and other issues.
Uttam Ghosh offers his take on US President Donald J Trump's startling suggestion to study the possibility of injecting disinfectants into COVID-19 patients.
'As the Budget has taken some measures to spur growth, similar action from the MPC may be expected.'
The BJP's victory in the Delhi Assembly elections has sparked speculation over who will lead the next government. Several prominent leaders, including Pravesh Verma, Ashish Sood, Pawan Sharma, Vijender Gupta, and Satish Upadhyay, are in the running for the chief minister's post. The party's national leadership is expected to make the final decision, leaving the contenders in a state of anticipation.
Uttam Ghosh offers his take on the unusual events that have occurred within Modi-Shah's BJP.
Uttam Ghosh offers his take on the election result in Jharkhand where the ruling Bharatiya Janata Party failed to recpture power.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
rediffGURU T S Khurana answers readers' personal income tax queries.
Uttam Ghosh's unique take on the Citizenship Bill.
Uttam Ghosh offers his take on the protests that have swept across America and President Trump's bizarre responses after George Floyd, an African American died in Minneapolis on May 25 after a white police officer pinned him to the ground.
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.
Corporate earnings from blue-chips like HDFC Bank, ICICI Bank, Donald Trump's swearing-in as the US President, and trading activity of foreign investors are the key factors to drive equity markets this week, analysts said. Trump will be sworn in as the US president for a second term on Monday. This week, several key Nifty-50 companies, including BPCL, HDFC Bank, Hindustan Unilever, Dr Reddy's, UltraTech Cement, JSW Steel and ICICI Bank are scheduled to announce their financial results.
A team of experts involved in rescuing eight people trapped in a partially collapsed tunnel in Telangana have reached the end of the tunnel, but debris is hindering further progress. The rescue operation, described as one of the most complex in the world, continues with experts from the Indian Army, Navy, NDRF, and GSI working tirelessly to find a breakthrough. Despite continuous efforts and oxygen pumping, there has been no contact with the trapped individuals.
Asset management companies launched 239 new fund offerings (NFOs) mobilising Rs 1.18 lakh crore in 2024, with sectoral or thematic equity funds emerging as the top choice of investors, according to a report by Germinate Investor Services Research. This was higher than 212 NFOs collecting Rs 63,854 crore in 2023 and 228 NFOs garnering Rs 62,187 crore in 2022.
Uttam Ghosh offers his unique take on the 10% quotas proclaimed by Narendra Damodardas Modi's government.
The new business premium (NBP) of life insurance companies dropped 21.7 per cent year-on-year (Y-o-Y) to Rs 30,218.71 crore in December 2024 on the back of a steep fall in business. According to data published by the Life Insurance Council, LIC's premium dropped 41.15 per cent Y-o-Y to Rs 13,523.87 crore while private insurers reported 7 per cent growth in NBP to Rs 16,694.85 crore as the industry absorbs the impact of the revised surrender value norms.
A billion of them could fit on a pinhead, yet this tiny coronavirus has pulverised life on our planet.
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.
Indian-origin tech companies cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services leading the pack, an analysis of data from the US immigration department showed. According to data from the US Citizenship and Immigration Services, in April-September 2024 period, out of the total 1.3 lakh H-1B visas issued to different employers, about 24,766 visas were issued to Indian-origin companies.
Uttam Ghosh offers his take on Defence Minister Rajnath Singh's accusing the Congress of internationalising the Kashmir issue.
Finance Minister Nirmala Sitharaman on Saturday said the government will arrange identity cards and registration on the e-Shram portal to assist 1 crore gig workers. Presenting the Union Budget 2025-26, the finance minister also said a scheme for the socio-economic upliftment of urban workers will be implemented.
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 offers his take on Congress leader Rahul Gandhi traveling to Indonesia to meditate at a time when his party is in severe disarray.
Stock market participants would track global trends and foreign investors' trading activity in a holiday-shortened week ahead, amid lack of any major domestic trigger in sight, analysts said. Equity markets will remain closed on Wednesday for Christmas.
