It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
Billionaire Gautam Adani on Tuesday said China will feel increasingly isolated as rising nationalism, shift in supply chains and technology restrictions threaten the world's second-biggest economy. This is because globalisation, of which China was seen as the foremost champion, is at an inflection point. "It will look very different from what we had come to accept in a largely unipolar world," he said.
By agreeing to form the government in New Delhi, Arvind Kejriwal has taken a gamble where his reputation has been put on mortgage. Rediff.com's Sheela Bhatt looks at the road ahead for Kejriwal and his Aam Aadmi Party.
Outgoing Prime Minister Liz Truss will chair her final Cabinet meeting at 10 Downing Street on Tuesday morning before she makes her way to Buckingham Palace to formally tender her resignation to the 73-year-old monarch.
Fitch Ratings on Monday said uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays in privatisation of India's second-largest fuel retailer, Bharat Petroleum Corporation Ltd (BPCL). Affirming BPCL's rating at 'BBB-' with a negative outlook, Fitch said it continues to treat the potential divestment of the company by the Indian government as an event risk. "Bidders are conducting due diligence, but uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays.
While proposals for covers in volatile markets aren't denied, premiums are much higher - by as much as 100-600%
Tamil Nadu's voters wanted tough leaders at the helm, to the point of being autocratic. It was what Karunanidhi, MGR and Jayalalithaa ended up becoming, observes N Sathiya Moorthy.
WPI inflation fell to a 5-year low of 3.74 per cent while the retail inflation was at 7.8 per cent in August.
With Kabul falling into the hands of the Taliban, bilateral trade between Afghanistan and India will get impacted significantly in these uncertain times, according to exporters. Federation of Indian Export Organisations (FIEO) director general Ajay Sahai said domestic exporters should follow caution looking into the political development in Afghanistan, particularly with regard to payments, for which adequate credit insurance may be availed by them. "The trade will be impacted. It would reduce due to the growing uncertainty in Afghanistan," he said on Monday. Former FIEO president and country's leading exporter S K Saraf too said there will be a significant fall in the bilateral trade.
Mark Tully on the India he loves.
Bugti announced that he would support the Opposition in the wake of the no-confidence motion submitted against Imran Khan. Imran Khan's party Pakistan Tehreek-e-Insaf set to face a no-trust motion in the National Assembly.
Not satisfied with the Lokpal bill passed by the Parliament today, Aam Aadmi Party leader Yogendra Yadav said the bill was not in the form as asked for and the political class would continue to "rule the Lokpal".
Jubilee's irresistible celebration of cinema and all its good, bad, ugly ways lives up to its title, applauds Sukanya Verma.
'They forget that denial of basic rights has helped create a big political void which is adding to a deepening alienation.' 'This creates a fertile ground for extremist elements and targeted killings which we are witness to once again.'
A senior NCP leader said the government is likely to be formed before the first phase of the Jharkhand polls scheduled on November 30.
Janata Dal-United leader Nitish Kumar will take oath as chief minister of Bihar on February 22, ending weeks of political uncertainty in the state.
Equity benchmarks continued their winning momentum for the third day on Thursday and jumped over 1.50 per cent, tracking an overall bullish trend in Asian equities. On the political front, the BJP headed for a second straight win in politically crucial Uttar Pradesh and dominated the trends chart in three other states. The 30-share BSE benchmark Sensex opened in the green and further zoomed 1,595.14 points or 2.91 per cent to 56,242.47 during early trade.
Weakness in the broader markets, along with expensive valuations that these companies had commanded during their IPOs, has led to this fall
The BSE Sensex and Nifty fell more than 2 per cent on Tuesday, heading for their biggest daily loss since the midst of the rupee crisis in 2013
Pakistan's embattled Prime Minister Imran Khan on Wednesday summoned a special session of the federal cabinet amidst reports that two ministers belonging to the ruling coalition partner Muttahida Qaumi Movement-Pakistan have resigned after their party announced that it will support Opposition's no-confidence motion.
'There is fear that the president and prime minister are dragging their feet and won't resign.'
'We suggest investors with suitable risk appetite to consider allocating 40-50 per cent in large-caps, 25-30 per cent of funds in quality mid and small-caps and the rest in debt and high yield products.'
On Monday, Shashi Tharoor met Sonia Gandhi and expressed his intention to contest the upcoming AICC chief polls.
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
Singh, along with five cabinet ministers, were administered oath by Governor La Ganesan.
The war in Ukraine has made its presence felt at the World Economic Forum's annual meeting in Davos. As political and business leaders' debate, they remain fearful of Europe's economic future. There is a sense of gloom among many business leaders as energy shortage and economic recession rear their heads. Global investors are keenly assessing the presence of Indian delegation at Davos.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
ONGC, Sesa Sterlite, Tata Steel, RIL and HDFC emerged as the biggest losers
Rishi Sunak on Tuesday scripted history when he was appointed by King Charles III as Britain's first Indian-origin prime minister after being elected unopposed as the new leader of the governing Conservative Party on Diwali.
Newly-appointed British Prime Minster Rishi Sunak said on Tuesday that he has been elected to fix some of the "mistakes" made by his predecessor as he promised to place "economic stability and confidence" at the heart of his government's agenda.
Stating that the forthcoming elections will delay the reform process and hurt growth, international rating agency Moody's on Monday said it expects growth to pick up to only 5.5 per cent in FY15.
Sixteen companies in the group registered a turnover of over $500 million, with ten of these registering a turnover of over $1 billion
At a time when investors are taking a "wait and watch" approach on fresh investment, Tamil Nadu in the past 10 months has signed 63 MoUs, enabling investment worth Rs 19,083 crore. After Palaniswami took over as chief minister in February 2017, cumulative FDI rose by Rs 46,427 crore from Rs 133 trillion (April 2000 to March 2017) to Rs 180 trillion by June this year. Thanks to the Tamil Nadu Business Facilitation Act, 2018, and the single window for applying and getting clearance for doing business, the ease of business issue has been addressed.
The Delhi Bharatiya Janata Party on Friday questioned the Centre's motive behind granting more time to Aam Admi Party to form a government in Delhi and said it seems both the parties were not able to finalise a "deal".
Continuing its heavy selling spree for the eighth consecutive month, foreign investors pulled out nearly Rs 40,000 crore from the Indian equity market in May on fears of an aggressive rate hike by US Federal Reserve that dented investor sentiments. With this, net outflow by foreign portfolio investors (FPIs) from equities reached at Rs 1.69 lakh crore so far in 2022, data with depositories showed. Going ahead, FPI flows will remain volatile in the emerging markets on account of rising geo-political risk, rising inflation, tightening of monetary policy by central banks, among others, Shrikant Chouhan, Head - Equity Research (Retail), Kotak Securities said.
Palaniswami is the third AIADMK leader to be sworn-in as the chief minister in the last nine months.
India will need to watch carefully and understand the new round of instability and uncertainty in Pakistan, while charting the course of its future diplomatic initiatives, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
'India has given assistance that we required, otherwise we would not have been able to survive this far.'
'He could indeed survive [the no confidence vote] even as he faces his biggest political test.'
The market last tumbled 10% or more in December 2016 following demonetisation. The decline was followed by a sharp rebound. This time the chances of such a v-shaped recovery are less.
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