The Reserve Bank of India (RBI) should reduce nominal interest rates soon to prevent an excessive rise in real interest rates, says monetary policy committee’s external member Jayanth Varma. He tells Ajay Ramanathan that a potential deterioration in the global economy and geopolitical volatility are major risks to growth in 2024. Excerpts: Q. Do yo
Hopes hinge on better margins for pharma & higher volumes for healthcare in ‘Samvat 2080’
In the lexicon of the Indian bourses ‘Samvat 2080’ is more than the traditional Hindu accounting year beginning today. As always, there is a renewed air of anticipation as the bourses herald the new Samvat with their decades-old practice of Muhurat (auspicious hour) trading. Post the pandemic, while the businesses have rebound with airlines, hotel-
Oil set for third weekly decline as Middle East conflict concerns ebb
Oil prices were little changed on Friday after rising in the previous session but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves. Brent crude futures for January were flat at $80.01 a barrel at 0157 GMT, while the […]
Defence stocks in focus amidst global uncertainty: Is it an opportunity for invest?
In the aftermath of ongoing geo-political disturbances, India’s defence sector has emerged as a beacon of strength. While the stock markets have been grappling with the uncertainties of post-war repercussions, a handful of defence stocks have defied the trend, presenting a unique opportunity forinvestors. This surge in defence stocks can be attribu
Diwali 2023: PM Modi celebrates the festival of lights with security forces at Himachal’s Lepcha – See Photos
1/10 Prime Minister Narendra Modi on Sunday celebrated Diwali with soldiers in Himachal Pradesh’s Lepcha and hailed the unwavering courage of the security forces. Since coming to power in 2014, Modi has been visiting military facilities to celebrate Diwali. (PTI Photos) 2/10 The prime minister shared photographs of his interactions with the soldier
Bumper debut by Tata Tech, opens with striking 140% premium on IPO price
Tata Technologies, a subsidiary of Tata Motors (TML), marked a significant milestone on Thursday, November 30, as it debuted on the market at a remarkable 140% premium to its issue price of Rs 500. The stock opened at Rs 1,200 on the NSE and ₹1,199.95 on the BSE, and made an intraday high of Rs […]
Will Nifty breach 19500 or fall further? See GIFT Nifty, FII data, F&O ban, crude, more before market opens
GIFT Nifty traded at 19,729.5 up 229 points or 1.17%, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. The Indian equity market remained closed on Tuesday during Diwali Balipratipada. Previously, on Monday, the NSE Nifty 50 dropped 82 points or 0.42% to settle at 19,443.55, while the BSE […]
IOC, GAIL fined for second straight quarter for failing to meet listing norms
State-owned oil and gas giants including IndianOil and GAIL (India) Ltd have been slapped with fines for the second quarter in a row for failing to meet listing requirements of having the requisite number of independent directors on board. Stock exchanges have fined oil refining and fuel marketing giant Indian Oil Corporation (IOC), explorers Oil [
Will global cues and local dynamics help Nifty scale above 19850? 9 things to know before share market opens
GIFT Nifty traded up 34 points or 0.17% at 19,869, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Friday, the NSE Nifty 50 slipped 7.30 points or 0.04% to settle at 19,790.55, while the BSE Sensex dropped 47.77 points or 0.07% to 65,970.04. “Nifty closed in […]
Departure of grounded Romanian plane with Indian passengers from French airport delayed: Reports
The departure of a Romanian aircraft carrying nearly 300 passengers, mostly Indians, to Mumbai was delayed on Monday as some of them did not want to return to their country of origin, media reports said on Monday, three days after being grounded by the French authorities at an airport near Paris over suspected “human trafficking.” […]