Faced with stiff competition from rivals and in a hurry to draw footfalls, hypermarkets are indulging in intense price war.
Russian President Vladimir Putin on Thursday held talks with Prime Minister Narendra Modi to further boost cooperation between the two strategic partners in crucial sectors like defence, energy and trade at a time when Russian economy was facing Western sanctions.
The rupee weakened to 62.58 against the US dollar in the early trade on Thursday.
On September 4, at a time when the rupee was the worst performer among Asian currencies, Raghuram Rajan took charge as RBI's governor.
Lower fuel subsidy payouts might restrict gross fiscal deficit in FY15.
There are already some signs of stress in this market.
Two members recommended bringing down the rate by 50 bps in the April policy.
Axis Bank emerged as the biggest gainer in the Sensex pack, surging 6.62 per cent, followed by SBI at 5.88 per cent.
The company and other public sector fuel retailers Bharat Petroleum and Hindustan Petroleum are currently selling petrol at Rs 3.68 a litre below cost and diesel at Rs 2.90 per litre lower than cost.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
No one knows where billionaire Nirav Modi emerged from. What is known is that when he came (back) to India, he cut his teeth in the diamond business under the tutelage of his jeweller uncle. Then he began to build a glittering international brand. Soon even Hollywood stars like Kate Winslet and Dakota Johnson were walking the red carpet showing off Nirav Modi jewels.
Politically, it will not be easy for Modi to take hard decisions such as raising fuel prices in the first budget, given the risk of higher inflation.
Month-end dollar demand from oil companies mainly affected the rupee value against the US currency, a forex dealer said.
Mallya showed his net worth at Rs 615 crore, mainly in shares and bonds.
Financials and auto stocks were the top losers while energy and IT shares recovered
The NSE Nifty settled the day 93.20 points or 0.88 per cent lower at 10,452.30 after shuttling between 10,612.90 and 10,434.05.
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.
Even if the central bank doesn't pull the trigger later, it is still expected to by the end of the year.
'The rupee falling from 69 to 72 was not normal or justified by the fundamentals.' 'And therefore I treat this as temporary.'
The 30-share Sensex stayed in the green for the better part of the session and hit the day's high of 38,297.70 as buying pace gathered momentum towards the fag-end.
'India is likely to do better than other emerging markets.'
A combination of timing (the Pay Commission), political compulsions (the loan waiver) and circumstances beyond the government's control (high energy prices) have contributed to a significant reversal of what was shaping up as a very healthy trend.
Markets crashed due to domestic worries; bluechip stocks tanked too.
Canine lover and dog trainer Pooja Sathe Gawande answers your queries.
The domestic unit had recovered to 68.65 in early trade on Friday as against Thursday's closing of 68.72.
Hyderabad-based ICSA (India) is divesting 14 per cent of its stake to Citigroup Venture Capital International Growth Partnership Mauritius for $30 million
'Both IIP and CPI inflation numbers are showing a huge disconnect from the leading indicators.'
The NSE 50-share Nifty also closed higher by 61.60 points, or 0.59 per cent, at 10,504.80 after shuttling between 10,513 and 10,441.45.
Market breadth was weak with 1,260 advances and 1,597 losers on the BSE.
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
Top 5 losers include Lupin, Cipla, Sun Pharma, Dr Reddy's Lab and GAIL down 1.6%-11%.
Risk sentiment is likely to be favourable if oil prices stay benign, global growth sentiment remains robust and the dollar index does not break out, says B Prasanna.
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
If you are planning for a long-term goal like your child's education in a foreign university, invest about 20% of your portfolio in foreign assets that can provide a hedge against the rupee's depreciation.
Foreign funds sold Indian shares worth 446.9 million rupees ($7.4 million) on Wednesday, provisional exchange data showed, marking the third consecutive session of outflows.
JNPT, the country's largest container port, would soon move into congestion if cargo does not get lifted by importers in the next few days.
Election results, diesel & gas pricing moves, labour law changes - all stoke anticipation of more cheer ahead.
Brent crude prices fell to $57 a barrel on Monday from $62 a barrel.
'The first half of 2019 could be volatile.' 'In the second half, volatility inducing events should be largely behind us.'
Political risk culminating from elections in the US and Latin America, and evolving right-wing populism in Europe could lead to substantial volatility, say Abheek Barua & Tushar Arora.
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