'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
Prabhat Kumar, who has been appointed as the DGCA chief three months ago, is taking steps to ensure safety of passengers.
The proposal to increase public float, hike income tax surcharge, move to tax share buybacks and lack of stimulus to shore up economic growth has hurt investor sentiment.
The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.
The capital markets seem to have fallen off the government's agenda.
'All I want the government to do is to make sure that the children whose parents are seriously ill don't lose their jobs for looking after their parents.'
With founder Subhash Chandra no longer in the driver's seat at Zee, the acid test for Punit Goenka would be to take the financial investors along with him even as he strives to weather the latest storm. The question, now, is how he will deal with the challenges of being a professional CEO rather than an owner-CEO in the aftermath of his family offloading most of its promoter stake to a clutch of financial investors. However, the silver lining is that Zee remains the most profitable of the top four broadcasters in India.
Other major laggards were IndusInd Bank, SBI, Bharti Airtel, ONGC, Tata Steel and Reliance Industries -- falling as much as 6.30 per cent.
After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
It was widely expected that this time around, the government would be less likely to initiate fresh reforms and rather loosen its belt a little to give various segments of the economy, especially the multitudes that truly constitute India, something to smile about, says Sudip Bandyopadhyay.
Over the years, Mr Singh has got in and out of innumerable businesses, cutting across sectors. He is one businessman who I have always found to be in a start-up mode, says Bhupesh Bhandari.
The Reserve Bank of India's tight monetary policy is expected to moderate India's economic growth rate to 8.1-8.6 per cent in 2008, against 8.5-9 per cent in 2007, Global rating agency Standard and Poor's said on Wednesday.
The frenzy to be present at the Madison Square Garden on September 28 when Prime Minister Narendra Modi addresses the Indian-American community likely rivals a rock concert held at the famous New York venue.
Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
Sustained foreign fund inflows and strengthening rupee are among the main reasons behind the market rally.
While Raju and Brijesh Saroj have found help from the Uttar Pradesh government as well as the Ministry of Human Resource Development, Zahid Qureshi is struggling to make ends meet.
It has Rs 20,500 crore of standard stressed pool outstanding as of June 2018. Thus, the entire stressed book (net NPAs and standard stressed pool) is nearly two times its net worth.
The career bureaucrat-turned-central banker walked into the 19th floor corner room of the Reserve Bank on December 12, 2018. Since February 2019, the Das-led RBI has cut the repo rate by a whopping 135 basis points to support the sagging growth, including an unprecedented 35 bps reduction in August. As he completes one year at the helm, woes in the NBFC sector, overall health of the banking sector and steeply falling economic growth are among the major challenges that needs to be tackled sooner than later.
Chinese alumina refining and metal smelting technologies have emerged as a match for the best anywhere in the world. In fact, Vedanta and Hindalco have bought technologies from China. Our aluminium makers will be haunted by twin fears of rising imports and low metal prices squeezing margins over a long time.
The bosses of SBI, Union Bank and Central Bank have been driving down to their offices everyday to take stock of the biggest loan drive ever undertaken for MSMEs, discovers Tamal Bandyopadhyay.
Waterlogging was reported from areas like Dadar, Wadala, Worli, Kurla, Chembur, Bandra, Andheri, Kandivili, Vikhroli, Kanjurmarg and Bhandup, among others.
Ramping up e-commerce operations and going beyond its current strongholds are key challenges for the grocery chain in its battle with Mukesh Ambani's retail behemoth.
India needs to shed its policy of lethargy and inhibitions to engage the Taliban with an intent to maintain its influence in Afghanistan. This would not just put a spanner in Pakistani designs, but also incentivise the Taliban not to be the puppets of GHQ, Rawalpindi, asserts Colonel Nikhil Apte (retd), who served on the Af-Pak desk at the Military Operations Directorate.
According to data shared with the Lok Sabha, 19 road projects awarded after May 2014 were facing delays
The Congress on Tuesday termed as rhetoric and hollow on specifics the prime minister's address to the nation, saying there was no mention of a financial package or concrete steps to revive the economy.
GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as the Covid-19 lockdown that shut most businesses compounded tax collection woes in an already sluggish economy. Goods and Services Tax (GST) mop-up in March recorded a 8.4 per cent decline over March 2019 collection of Rs 1.06 lakh crore. The collections were lower on account of dip in revenues from domestic transactions as well as imports.
'Let the Congress high command decide who will replace Captain Amarinder because they are far wiser than I am.'
Bankers have the impression that "lending to industry is good. Housing loan is good. Refrigerator loan is good, scooter loan is good. But farm loan is bad."\n\n
With $120 billion worth of deals, 2018 was the best year on record. Many also blame frequent policy flip-flops and increasing tax scrutiny as big dampners for business.
How do you decide if you should take up a new job in these difficult times? HR guru Mayank Rautela has some tips that could help you decide.
This is the sixth mark down for the largest e-commerce marketplace of the country in as many months.
India must address issues that are plaguing its aviation sector.
'When an institution believes its knowledge and capability is superior to everyone, it behaves like a frog in the well.' 'And this is precisely the cause for the mess,' says J N Gupta.
Slump in realty market to add to woes, debt of top players likely to rise 15-20% this financial year
She charged the government with profiteering at the expense of the people, saying its duty was to help them in times of crisis and not make profits out of their hard-earned money.
Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
Asia's falling stocks have triggered an exodus of funds from the region.
Suppandi has evolved over the years from being a household help to having a variety of office jobs.
Don't worry about volatile, erratic cash flows, freelancers. Vishal Dhawan explains how you can invest and achieve your financial goals despite irregular income.
The Budget would have been the perfect vehicle to introduce some bold initiatives.
That opportunity has been lost through this Budget, observes Shreekant Sambrani.
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