If the REER is to be restored to its 2004-05 level, the rupee has to depreciate a lot, says V K
Hardik Pandya walked out with the scoreboard reading 99 for 4, and a daunting 222 to chase. The Wankhede was subdued, the Mumbai Indians innings gasping after SKY's stuttering knock. What followed was a spell of breathtaking power-hitting that nearly flipped the game -- and left the crowd in awe.
Liquidity in the banking system has slipped into a deficit for the first time in three weeks, prompting banks to borrow the largest quantum of funds from the Reserve Bank of India (RBI) in around a month and a half. The key catalyst for the sudden tightening in liquidity was due to outflows on account of advance tax payments, which occur towards the end of a quarter. Analysts also cited other factors such as a currency leakage and possible interventions by the RBI in the foreign exchange market, which contributed to the tighter liquidity conditions.
Royal Challengers Bengaluru all-rounder Will Jacks opened up on filling the shoes of legendary South African batter AB de Villiers as franchise's premier overseas batter, saying that the task is "daunting".
The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.
Central bank may raise the limit on repo borrowings or purchase more of govt bonds.
Investors are increasingly turning optimistic about shares of new-age companies. From broad-based 'sell' calls, analysts are giving thumbs up to Zomato, Paytm, and FSN e-Commerce Ventures-owned Nykaa as these companies have shifted focus to sustainable profits. The shares of Zomato hit a fresh 52-week high of Rs 126 apiece on the BSE on November 7, having rallied 15.4 per cent in one week.
RBI's liquidity tightening stance had stumped the Street as a result of which bond yields had risen.
While the fiscal year has just begun, any windfall surplus will be welcomed by the government as it bids to meet the fiscal deficit target of 5.9 per cent of GDP, amidst lack of clarity on exactly to what extent will recession in the West impact India's trade and tax collections.
The Standing Committee on Petroleum and Natural Gas in a report tabled in Parliament said the proposed formula is a simple average of two methodologies -- price of imports of LNG into India by different suppliers, and weighted average of prices of natural gas prevailing at Henry Hub in USA, National Balancing Point in London and netback import price at the well head of suppliers into Japan.
The Union Cabinet on Thursday approved a revision in the formula for pricing of natural gas and imposed cap or ceiling price to help cut CNG and piped cooking gas prices by up to 10 per cent. Natural gas produced from legacy or old fields, known as APM gas, will now be indexed to the price of imported crude oil instead of benchmarking it to gas prices in four surplus nations such as the US, Canada and Russia, Union I&B Miniser Anurag Thakur told reporters after a meeting of the Cabinet. APM gas will be priced at 10 per cent of the price of basket of crude oil that India imports (Indian basket of crude oil).
'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.
After several losses in the early years of the new century, a resurgent India notched up two consecutive series wins in Australia to become the Aussies' nemesis.
Elections may be a few months away, but the government may get into election mode much earlier than that, predicts A K Bhattacharya.
The markets regulator, Securities and Exchange Board of India (Sebi), recently introduced fresh guidelines to determine the place of a mutual fund (MF) on its riskometer tool.
'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'
'Overall, domestic demand has moderated significantly. 'The weakening of private consumption, which for long has been the bedrock of aggregate demand, in particular, is a matter of concern,' RBI Governor Shaktikanta Das said in the MPC meetings, in October.
'The Indian economy and the Indian financial sector today remain resilient and much better placed.'
RBI governor Raghuram Rajan has slashed rated by 50 bps.
The Urjit Patel committee on monetary policy framework has proposed setting up of a monetary policy committee (MPC) that will be headed by the Reserve Bank of India (RBI) governor and accountable for achieving inflation target set by it.
Weaker-than-expected growth in US jobs in recent months had already forced US central bankers to put off a rate hike at their meeting last week
Nitin Tyagi is a young farmer in Budhagaon village of Baghpat district of Uttar Pradesh. A few years ago, Tyagi left his fairly lucrative job in the medical industry and shifted base to his ancestral village to look after his land and property. He opened a small shop selling farm inputs in the village and also started taking a greater interest in agricultural matters which had so far been looked after by his father and uncles. Tyagi and his brothers primarily grow sugarcane, potato and wheat on nearly 10 acres of land with sugarcane taking up most of his time and effort. Being one of the most important and lucrative cash crops of the region, sugarcane is directly linked to the fate of millions of farmers in west UP and with it, the electoral fortunes of political parties seeking their votes in the coming assembly polls.
'Three external members of the first MPC are respected researchers with excellent academic background, but there is no harm in considering academicians with diverse backgrounds such as finance and labour along with economists for this body,' recommends Tamal Bandyopadhyay.
The patent application for 'System and method for wearable electronic devices', filed in 2007, mentions various wearable models including a shoe that can communicate data to the user, electronic communication devices attached to clothes, wireless ear pieces and ankle bracelets that can transmit updated information from the body to the user. The drawings the company submitted to the patent office also show the design of a shoe that can be a wearable electronic device.
The cost of food has constantly been on the rise.
'A fund investor could pick, say, three of the top active funds in any given category.'
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
The new IIP numbers should spread cheer among those who were part of the Manmohan Singh-led United Progressive Alliance, earlier accused of having presided over a steady deterioration in industrial performance, particularly in the last two years of its tenure, says A K Bhattacharya.
Director Prakash Kovelamudi's Inji Iduppazhagi deals with the concept of size zero superficially and you feel no emotional connect, writes S Saraswathi.
Flexibly targeting inflation is consistent with a demand stimulus, says Ashima Goyal.
While India's human development index has improved, absolute performance levels aren't satisfactory, says T N Ninan.
Season 9 of the IPL has seen many youngsters punch above their weight. Some of them make Aruneel Sadadekar/Rediff.com's Young Guns XI.
Which one suits your budget and needs?
Bhat recently used the 'face-swap' feature on Snapchat to imitate cricketer Sachin Tendulkar and then singer Lata Mangeshkar.
Australia coach Justin Langer wants off-spinner Nathan Lyon, who has dismissed Virat Kohli seven times in Tests, to continue his good record against the India captain.
'Historically, the lead-up to a general election tends to be excessively volatile and big losses are perfectly possible.'
Burham didn't set out to have such a big stake in Apple.
Prem Panicker, on the Rediff chat, delves on what went wrong for Team India and what to expect from Sunday's trans-Tasman World Cup final.
Dr Anand Patil hopes to spread the message of embracing a healthy lifestyle.
