Investors took the Yes Bank event negatively because it raises a question on the stability of the overall Indian financial system.
'They will be able to ride over this immediate crisis and carry on, but they need to take corrective steps and these will have to be long term measures which must include working closely with state governments.'
With slippages increasing every quarter, any derailment on growth or change in customers' repayment behaviour after moratorium may impact the overall asset quality. Correction, though, presents attractive buying opportunities, given the bank's sustained leadership position.
'This is a long haul, god knows where it will end.' 'So it is best to conserve all the funds right now for fighting the COVID-19 pandemic.'
Top gainers in the Sensex pack included Infosys, Bajaj Finance, Maruti, HUL, HCL Tech and Reliance Industries, while M&M, IndusInd Bank, ITC, PowerGrid and L&T were among the losers. The NSE Nifty settled 190.80 points, or 2.51 per cent, down at 7,801.05.
For the near term, Gill will have to improve relations with the Reserve Bank of India, which have been strained in recent times. He will also need to strengthen the bank's asset quality and improve governance standards and internal processes.
In Q1, India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdowns.
A leading British daily will revert back to using Bombay instead of Mumbai when referring to the city, to take stand against a "nastier strain of Hindu nationalism".
This is the biggest equity-raising exercise by an Indian corporate within a financial year. The fundraising - led by Citibank, Goldman, Kotak and Axis Capital as bankers - will see participation by foreign and domestic institutional investors.
The aggregate dividend payout by corporate India may be lower in the current financial year (2011-12), compared to 2010-11.
UP Rs 50 billion, followed by Maharashtra, Bihar, and West Bengal which may need close to Rs 25 billion for the massive task.
'We need to prove to the world that quality vaccines and R&D are possible in India.'
As of now, there is nothing to suggest that the 'Michaelpatti episode' has the potential to polarise Dravidian Tamil Nadu on religious lines, observes N Sathiya Moorthy.
India's economy grew at 7.6 per cent in 2015-16.
The 'Rawalpindi Express', considered the fastest bowler in history said he does not understand why the civilian sector cannot work in collaboration with the Armed forces.
'I know there is pressure on players, but it is nobody's business what you do with your wages. You take your wages and if you want to be generous, go ahead and do it'
The silver lining is that after two years, e-commerce has emerged as the top sector with $689 million in investments across 15 deals, accounting for 43 per cent of all investments in January 2021.
Markets are assuming that by the second half of 2021, the world will be approaching some type of normalcy, points out Akash Prakash.
IMF has sharply cut its forecast for world growth this year.
India is struggling with a second wave of the pandemic with more than 3,00,000 daily new coronavirus cases being reported in the past few days, and hospitals in several states are reeling under a shortage of medical oxygen and beds.
Companies with no or little debt account for three-fourths of m-cap of BSE 200, excluding financial firms.
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
Indian companies will have to repay overseas debt worth $7.5 billion in the June quarter.
'The steady poverty reduction achieved over the last three decades could be largely reversed in this one financial year with hundreds of millions sliding below the red line,' warns Devangshu Datta.
'We are also seeing the birth of new evil, the new face of drug distribution where human interface has reduced; consumers are using the Dark Web to source supplies and using cryptocurrencies as payment mode.'
In a statement, the central bank said heightened volatility in capital markets in reaction to Covid-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom.
'India resembles not just the more turbulent bits of its own past, but other 'managed' democracies, where all institutional strength and independence have been hollowed out to serve political power,' notes Mihir S Sharma.
Gross NPAs of commercial banks in FY08 escalated by Rs 61.36 billion, according to the Reserve Bank of India.
One has to wonder what is so wrong with the European Union.
After the verdict, Harry Redknapp, one of the best known figures in English soccer, said the strain of the investigation had been "horrendous" as he fought back tears.
Now, experts say strains on fiscal deficit are coming from the revenue side and the administration should, if anything, step up expenditure to prop up the economy that is slowing down.
The United States has held up a reimbursement of USD 400 million (approx Rs 2,080 cr) spent by Pakistan on the war against terror due to the strained relationship between the two countries, adding to the worries of financial managers in Islamabad, a media report said on Monday.
Once decisions are taken to sell stock in certain state-controlled enterprises, there is no reason to not start scheduling sales immediately.
Obama spoke to Greek PM Alexis Tsipras in the capital, Athens, as part of a final tour that also takes in Germany and Peru.
Shankar Acharya gives ten predictions on key politico-economic developments in the world and ten for India.
Indian students planning to study abroad this year have to pay higher fee, fund their quarantine stay and also compete for on campus work opportunities.
'I can say with confidence that any future SARS-CoV-2 vaccine, developed anywhere in the world, would have to be manufactured in India, if it is to be affordable and of high quality.'
The last three prime ministers who served full terms started out in their early 70s. Mr Modi is younger and fitter than all of them. But he needs to find it in him to change course if he is to beat the odds, notes T N Ninan.
Officials said the Centre would have to bear an additional subsidy burden of Rs 4,161 crore this financial year, if this proposal was implemented.
Sanjay Kumar Singh suggests key factors investors need to keep an eye on while choosing the direct investment route.
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