'We did not know we would one day dominate nearly 70 per cent of the market.' 'Today, of 100 diamonds available for trade in Antwerp, 93 are cut and polished in India.' A fascinating excerpt from Shantanu Guha Ray's The Diamond Trail: How India Rose To Global Domination.
Union Budget 2014-15 is positive for metals and mining companies.
The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.
Protests by various parties could be seen as they demanded the Prime Minister Narendra Modi rolled back the demonetisation scheme.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
Waiting for capitulation in commodity markets is the better route to profits, says Sonali Ranade.
How will the government's decision to demonetise Rs 500 and Rs 1,000 notes help curb the creation and flow of black money into the Indian economy?
'The market position from here on is expected to go up'.
"As it is said a man-made disaster, in the same way demonetisation is Modi-made disaster," the Congress vice-president said as he targeted the prime minister squarely blaming him for the hardships post-demonetisation.
Pakistan's former President Asif Ali Zardari was on Monday summoned by a court to appear before it on October 29 in relation to five corruption cases against him which were re-opened last week, compounding his legal woes.
In India, however, the Nifty continues to climb a wall of worry as general elections loom, fiscal deficit surges and the current account deficit is barely under control following subdued gold and crude prices, says Sonali Ranade.
Sensex in green in afternoon trade.
May be the strong United States growth will lead the world back to a period of growth and help us all put this painful recrimination behind us.
This will encourage exports and discourage non-essential imports such as precious metals
The previous bout of Fed withdrawal fears had threatened to spark a crisis of confidence in India -- sending the rupee to a record low of 68.85 in late August and leading to steep falls in bonds and stocks.
One thing is certain: Demonetisation has broken the back of terror funding, says Colonel Anil A Athale.
Just as the mighty Bhim sacrificed his son Ghatotkach and Arjun sacrificed his son Abhimanyu in the battle against Kauravas, Yashwant Sinha must ask his son Jayant to sacrifice his ministerial office, says Sudhir Bisht.
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
Govt rules out controls on FII capital as Sensex tanks 3.97%, rupee breaches 62 intra-day & gold surges the most in two years
The RBI kept interest rates unchanged at 8 per cent as widely expected.
A market where prices are not likely to go up is excellent for the long-term investor.
The dollar's preliminary moves after the low 80.90 are supportive of a like dollar rally back to 85.50. We should see confirmation of that in the early part of next week, says Sonali Ranade
The Indian rupee slumped to a record low near 69 to the dollar on Wednesday on growing worries that foreign investors will continue to sell out of a country facing stiff economic challenges and volatile global markets.
Governments must encourage micro-irrigation, use of natural manure and pesticides in a big way. Farm income can be doubled by reducing cost as much as by increasing MSP, says Sanjeev Nayyar.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
'I would recommend every young Indian reads Shashi Tharoor's book to get a perspective of our colonial past in the present day mesmerising euphoria of the global village in spite of Donald Trump, says Shivanand Kanavi.
Time to take profits and move to the sidelines in an euphoria, says Sonali Ranade
Markets rebound with financials leading the gains on hopes of a peaceful solution to the turmoil in Ukraine
'The Himalayan people may not represent a large or politically influential section of the population, but India's security depends on them.' 'Let us hope Sikkim remains a beacon of stability,' says Claude Arpi after a recent visit to the picturesque north eastern state.
RBI must balance the need for improving domestic bank credit demand and respond to lower inflation.
Will there be answers? Will we ever know the truth about who murdered Sheena Bora?
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.
'Demonetisation, is in principal, a mistake, because it involves a theft -- a taking of private property by the State.' 'It is one of those bad Indian ideas that has been tried twice in the past, with two failures for the record books.' 'This cloud over the economy will probably remain as long as Modi is in power.'
The dollar is king in an intermediate correction, says Sonali Ranade
Don't catch falling knives or chase bear rallies no matter how enticing those eight pc green blips look. They may be mouse traps, warns Sonali Ranade
The fact that the US dollar has become the world's preferred reserve currency is now the core of global financial crisis, says Mohan Guruswamy.
Debt returns are always negative for investors in India, unless they are willing to take huge risk
Commodity futures market's dream run came to a halt in 2013 as a Rs 5,600 crore scam in Jignesh Shah-led spot exchange NSEL and imposition of transaction tax on non-farm items hampered the growth of business, with turnover estimated to dip by 30 per cent to Rs 125 lakh crore.
Fund managers weren't too worried in 2014, as it was a year of positive surprises.
