Bureaucrats, police officers and the security clan spend public funds as lavishly as ministers do.
'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.'
Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.
The Enforcement Directorate is conducting searches at some places linked to asset manager Franklin Templeton and its former and current executives as part of a money laundering investigation, officials said on Thursday. The federal agency is looking to gather more evidence as part of its investigation against the company and its promoters under the Prevention of Money Laundering Act (PMLA). Office and residential premises in Mumbai and Chennai are being searched, they said.
The traffic will be restricted at Connaught Place from 8 pm on Saturday and alcometer will be used for the drunk driving challans.
The decision to award Qatar hosting rights for the 2022 World Cup has been marred by controversy, including allegations of corruption and human rights violations, since it was first announced 12 years ago, ensuring how the host country treats visitors will be heavily scrutinised.
US President-elect Barack Obama has named Leon Panetta, a former White House Chief of Staff, to head the Central Intelligence Agency and retired admiral Dennis Blair as the director of the National Intelligence.John Brenna, a former leader of the National Counter-terrorism Center, will be his Homeland Security Adviser and Deputy National Security Adviser for Counter-terrorism Serving, Obama announced.
Dwaipayan Bose examines the seven important factors that investors about exchange traded funds must know before they start investing/trading in them.
Food security, minority welfare and legislation to deal with communal violence ranked high in the 14-point focus area listed by the newly-constituted National Advisory Council (NAC) headed by Congress President Sonia Gandhi at its first meeting in New Delhi on Thursday.
Home Minister Rajnath Singh on Wednesday reviewed the security situation in the country, particularly in Jammu and Kashmir, with Defence Minister Manohar Parrikar, National Security Advisor NSA Ajit Doval and other top officials.
The Kalakshetra Foundation on Tuesday said it had constituted a committee of inquiry led by a retired judge to investigate the sexual harassment allegations made by students against an assistant professor of dance and three repertory artists. The teacher has been suspended and the services of the repertory artists have been "dispensed with" pending inquiry.
The Indian embassy in Ukraine has asked Indian nationals to leave the country at the earliest in view of a fresh wave of hostilities.
A surprise attack by Hamas militants from Gaza at daybreak killed at least 200 Israelis on Saturday even as Prime Minister Benjamin Netanyahu declared "war" and said his country would extract an "unprecedented price" from its enemy.
The sources said India's priority is safety of movement and well being of individuals wherever they are located.
Malik said the step will enable good governance, bring self-reliance and employment opportunities to people Jammu and Kashmir and most importantly the feeling of unity and equality with the rest of the country.
The rise in consumer price index (CPI) inflation could see the Reserve Bank of India (RBI) in an extended pause mode as regards interest rates, and in turn, keep the market rally in check, believe analysts. Signs of inflation cooling off in the US, however, is likely to provide some cushion as the expectations of a change in stance by the US Fed as regards interest rates is likely to aid sentiment. Back home, CPI inflation surged for the first time in five months to 4.81 per cent in June 2023, and was higher than the street's expectations of 4.58 per cent.
The United States embassy in Pakistan has warned about a possible terrorist attack against American citizens at the Marriott Hotel in Islamabad and prohibited American staff from visiting the five-star facility, an official statement said.
Wall Street-correlated stock markets are facing the risk of correction, as Christopher Wood, the global head of equity strategy at Jefferies, conveys to investors in his latest edition of GREED & fear. Rising crude oil prices, which are nearing $100 a barrel (Brent), pose a threat to the global central bank's battle against inflation and have led to a re-evaluation of its exposure to Indian stocks. "The potential for more US Federal Reserve (Fed) rate hikes, combined with the risk that monetary tightening finally bites as regards the economy, remains a risk for Wall Street-correlated world stock markets. "There is also the oil factor. This is why GREED & fear continues to believe the pain trade is down. "Areas in Asia, such as Indian midcaps, which have already done very well, are at obvious risk of some profit-taking," writes Wood.
The sector may be overcrowded with a fair number of large players and the entry of the Adani Group through its two key acquisitions, followed by the takeover of majority stake in Sanghi Industries via Ambuja Cements. Since every major player is in expansion mode, there could be a capacity surplus and hence, price wars.
Do you have Budget related queries? Ask Finance Expert Ambareesh Baliga.
Prime Minister Dr Manmohan Singh has convened a meeting of senior ministers on Tuesday to discuss the recommendations of the National Advisory Council on the Food Security Bill.
Do you have financial planning queries? Ask rediffGURU Anil Rego.
National Advisory Committee-pushed plan might be part of Budget 2013-14.
While asking the Centre to set up the delimitation panel, the top court, however, said it cannot direct Parliament to amend or make laws for giving proper representation to other communities that form part of the STs as that would amount to "venturing into the legislative domain".
Investors' wealth eroded by Rs 3.46 lakh crore on Wednesday as equity markets took a sharp tumble amid weak global trends and foreign fund outflows. The 30-share BSE Sensex fell by 676.53 points or 1.02 per cent to settle at 65,782.78. During the day, it plunged 1,027.63 points or 1.54 per cent to 65,431.68. In line with the weak trend in equities, the market capitalisation of BSE-listed firms eroded by Rs 3,46,947.54 crore to Rs 3,03,33,258.69 crore.
The spectacular terrorist attacks in Mumbai that caught everyone by surprise by the level of coordination and implementation highlights that the Indian security forces lack the depth of intelligence needed to counter such sophistication, a specialist in counter-terrorism and homeland security with Jane's Strategic Advisory Services in London, has said
With terror threats looming large over the civil aviation sector, an advisory council of experts will be set up soon to deliberate on and recommend measures to step up aviation security.
Ending a busy day of electioneering for the Bharatiya Janata Party in poll-bound Karnataka after back-to-back rallies, Prime Minister Narendra Modi took part in a mega roadshow in north Bengaluru on Saturday drawing an enormous response from a huge crowd.
The benchmark indices are set to end their five-month gaining streak, but the market breadth continues to hold strong So far this month, stocks gaining have outnumbered those declining, a sign that the bulls still have the upper hand, even as the pullback in the S&P BSE Sensex and the National Stock Exchange Nifty indicates otherwise. On the BSE, 2,126 stocks have advanced and 1,955 have declined in August, translating into an advance/decline ratio (ADR) of 1.1.
All India Muslim Personal Law Board secretary Abdul Raheem Qureshi has urged the Centre and the state to immediately put an end to the abominable practices of targeting of Muslims for telephone tapping and other espionage operations in the name of fight against terrorism.
rediffGURU Sushil Sukhwani offers expert advice on about pursuing higher education abroad.
A revealing excerpt from Mani Shankar Aiyar's fascinating new book, The Rajiv I Knew.
Security at all major airports across the country was beefed up today with fresh intelligence inputs suggesting terror strikes and attempts to hijack aircraft.
With the markets scaling new highs, as many as 43 stocks from the Nifty50 index and 27 of the 30 scrips that are part of the S&P BSE Sensex are trading above their respective 200-day moving average (DMA). The 200-DMA is seen as one of the most relevant trend indicators by investors and traders, who believe that stocks and indices trading above this level possess strength and are likely to rally in the short to medium term, while the ones trading below this level are viewed as bearish and expected to see a sell-off. Wipro, UPL, Kotak Mahindra Bank, Hindalco, Infosys, Cipla, and Adani Enterprises are the only stocks from the Nifty50 pack that are still below their respective 200-DMA, the exchange data suggests.
Security will be tightened ahead of next week's Chennai Open ATP tennis tournament following the terror attacks in Mumbai, a tournament official said on Monday. Independent security consultant Reg Dickason will inspect the venue for the January 5-11 event and the players will receive a briefing.
After disappointing guidances in the first quarter (Apr-Jun) of the 2023-24 financial year (Q1FY24) and valuation downgrades, the Indian IT sector could see some positive repricing as the bad news for IT maybe easing in Q2FY24. A key negative factor was weaker demand from the US financial sector and from North America in general. The latest GDP (gross domestic product) estimates and sector-specific news suggest that the demand situation may not be quite so bad with a gradual recovery in tech spending in Q2.
'Caught in the middle of a war in a foreign country was hardly something any of us had envisaged.'
Several Indian banks have alerted their customers not to download apps from any source other than official app stores. Banking customers are being targeted by a new type of mobile banking malware campaign using SOVA Android Trojan. This malware captures the credentials when users log onto their net-banking apps and access bank accounts. The new version of SOVA appears to be targeting more than 200 mobile applications, including banking apps and crypto wallets.
In a historic commemoration, Prime Minister Narendra Modi will lead a yoga session for the first time at United Nations Headquarters in New York on the 9th International Day of Yoga to be celebrated on June 21.
The National Capital remained under a security blanket in the wake of alerts of "imminent" terror strikes, with Delhi Police deploying a major chunk of its manpower on the streets and crowded commercial centres.
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