With the frontline Indian benchmark indices trading near all-time highs ahead of the general elections that begin later this week, Marc Faber, Editor and Publisher of "The Gloom, Boom & Doom Report" tells Puneet Wadhwa that the Indian stock market is relatively expensive, especially the index (large-cap) stocks.
'The disruptions caused by demonetisation and GST will be behind us in another six months.' 'That should give growth a bounce; some coming quarters could well report 7-plus per cent growth.' 'But can that rebound be sustained, or will it be like the bounce of a dead cat?' asks T N Ninan.
To a lay observer, therefore, India today presents two conflicting realities.
The laggards in the Sensex kitty were Vedanta, Tata Steel, M&M, HCL Tech, Bharti Airtel, Maruti Suzuki, L&T, Asian Paint and HDFC
Moody's expect RBI to hold policy 'repo' rate steady to have a neutral stance in this growth
This flight of capital began in early August due to risk-aversion created first by rising geopolitical tensions due to North Korean aggression and second by the US Fed's decision to shrink its balance sheet
Maruti Suzuki fell 0.7% even after its March quarter profit grew by 15.8% to Rs 1,709 crore in Q4
Has Modi -- after announcing the life-crushing demonetisation, the abrogation of Article 370 and the CAA/NPR/NRC without any consultation -- suddenly realised the value of taking everyone on board, asks Krishna Prasad.
'...but from those who control the narrative.' Powerful nations have mastered this art of narrative building. Those nations who aspire to become global powers must do so, observes Shanthie Mariet D'Souza.
'It looked as if India had been a major player in science at that time, raising the question when and why things changed,' says distinguished aerospace scientist Professor Roddam Narasimha.
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
Gold prices in the country may even dip to Rs 20,500 per ten grams.
'It could take 12 months or more for hiring to get back on track.' 'New opportunities would come up and there will be demand for skillsets that can help dealing with the current situation.'
'The expectation was that Modi would become even bolder in his approach, and after only four months into his second term, we are starting to see evidence of this.'
'That is not a democratic ideal obviously, but it is a practical reality.' 'It is a consistent feature of politicians in Pakistan that their rhetoric on the army softens the closer they get to the seat of power.'
Rajan also said the outlook for agriculture is subdued, in view of both rabi and kharif prospects being hit by monsoon vagaries.
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Amid fears of a downgrade from ratings agencies, the finance ministry is gearing up for a visit of Japan Credit Rating Agency officials on September 6.
'This will be the first open university in Kerala and it is a great tribute to Gurudevan by the helmsman of the Communist movement in Kerala,' observes Ambassador M K Bhadrakumar.
Dealers attributed the rupee's fall to fresh demand for USD.
'The world's economy is booming and growing at 3%. But even in this environment, India's growth has declined.' 'This is because of the deliberate slowing down induced by eccentric actions like demonetisation,' argues Aakar Patel.
Unlike RIL, the Adani group has not yet brought in any big stakeholders to refinance debt or expand.
Fitch said the full implications of Patel's resignation will only become clearer once there is some indication of the RBI's policy approach under his replacement, Shaktikanta Das
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
Reliance Industries will sell 20 per cent stake in its oil and chemicals business to Saudi oil giant Aramco for about $ 15 billion and nearly half of its fuel retail business to BP of UK for Rs 7,000 crore. Aramco, the world's biggest crude exporter, will also supply Reliance's twin-refineries at Jamnagar in Gujarat with 7,00,000 barrels of oil a day on a long-term basis, Ambani said.
'If the 'ideology' is just Hindutva, meaning cattle slaughter, temple issue, love jihad, joined with random acts on the side of economics and foreign policy, then we are in deeper trouble than we think,' says Aakar Patel.
India, he said, has opened up its markets and stepped up public investment including in the infrastructure space and is concentrating a lot on boosting expenditure to improve the quality of rural life
The rise of the mall in India, at a time when many in the United States are becoming debt-ridden white elephants.
Oil prices dipped on Wednesday as the market prepared for a gradual increase of Iranian exports into an already oversupplied market from 2016.
The party, in a resolution adopted at its 84th plenary session, accused the National Democratic Alliance government of pursuing a foreign policy "bereft of focus and direction".
Most consumers are going for token buying of lesser value and are waiting for price correction for purchase of wedding jewellery.
There is uncertainty in most investors' minds as to whether China is transitioning to a new growth model or simply collapsing.
Shanghai's benchmark share index plunged below 4,000 points for the first time since April
Brent hit a session high of $114.69 a barrel, its loftiest since September last year.
Moody's said India's current account deficit (CAD) has narrowed significantly from 4.8 per cent in 2012 to 1.4 per cent in 2014.
The government will unveil the Consumer Price Index data and the Wholesale Price Index data for August on Monday.
Indian economy is expected to improve marginally in the current financial year with its GDP at market price projected to expand by 3.4 per cent from 3.3 per cent in the previous fiscal, think tank OECD said.
The most pressing issue facing the financial sector is the rising stock of non-performing assets in the banking system
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
The BSE Sensex was among the world's best performers in 2014, rising almost 30 per cent after Prime Minister Narendra Modi took office on promises of reforms to boost growth
The council is looking at the youth as a segment in the global market and has started the LoveGold on the social media (Facebook and Twitter).
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