BFSI weighting in Nifty50 hits 7-year low as HDFC slips

After a sharp fall in the share prices of HDFC Bank and other private sector lenders in the past three days, the BFSI (banking, financial services and insurance) sector weighting in the Nifty50 has......

More bad news: Household savings fall to 2 decade low

The decline is attributed to lower salary growth and a rise in households' financial liabilities, discovers Krishna Kant.Illustration: Dominic Xavier/Rediff.com   The household savings rate......

China turmoil wipes $4.5 trillion off global equities in 5 sessions

Most markets have seen significant erosion in investors' wealth this year The latest turmoil in the China market has eroded seven per cent or $4.5 trillion-three times the size of the Indian......

Can Modi government defy global challenges?

Indian exporters now face challenge from the relative appreciation in the rupee against competing currency, rues Krishna Kant The April 2015 trade data and the fourth quarter results of information......