Telecom stocks fell after Mukesh Ambani extended Reliance Jio’s free offers till March 2017. In a volatile trade, benchmark indices pared gains to settle on a lower note after initial rally dragged by telecom, banking and metal indices. India’s GDP, announced yesterday, grew lower than expected in the September quarter at 7.3% also affected the sentiment. Swinging between gains and losses, Sensex rose as much as 143 points during intra-trade before falling over 100 points while ... Rediff.com, 3 days ago
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The PM addressing the Indian diaspora in Japan also hinted that there is no “guarantee” that no further steps would be taken after December 30 till when people can deposit the demonetised notes. Hinting at more action to unearth black money, Prime Minister Narendra Modi on Saturday said those holding unaccounted money will not be spared and there is no “guarantee” that no further steps would be taken after December 30 till when people can deposit the ...Rediff.com, 3 weeks ago
ONGC was the top performer while private banking major ICICI Bank extended gains Markets gained momentum in the latter half of the trading session, amid firm European cues, to end higher led by ONGC and private banking major ICICI Bank extending gains. The S&P BSE Sensex ended up 102 points at 28,179 and the Nifty50 ended up 16 points at 8,709. In the broader market, the BSE Midcap ended down 0.1% while the Smallcap index ended up 0.5% each. Market breadth ended firm with 1681 gainers and ...Rediff.com, 1 month ago
Perhaps half-way through India’s demographic transition, what is the outlook for the future? Robert Malthus wrote his famous An Essay on the Principle of Population in 1798. In that book his basic thesis was that population growth would likely swamp increases in production (mainly food) so that mankind would remain trapped at low standards of living, held back by hunger, famine and disease. In different forms the spectre of the “Malthusian Trap” held sway over the 19th ...Rediff.com, 1 month ago
OPEC’s move to cut output has pushed up oil prices. From here it could go either way: oil could reach $100/barrel or an analysis of demand and supply might follow, say Abheek Barua & Bidisha Ganguly. Oil prices have increased by about 12 per cent since the oil producer’s cartel, OPEC somewhat unexpectedly agreed to cut output at an informal meeting in Algiers on September 28. The reduction is not massive - the agreement is to limit the volume of oil pumped from the current rate ...Rediff.com, 1 month ago
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI Markets erased intra-day gains to end flat after investors turned cautious ahead of the US Federal Reserve's decision on interest rate later today. The S&P BSE Sensex ended down 16 points at 28,507 and the Nifty50 settled 1 point higher at 8,777. In the broader markets, BSE Midcap and Smallcap indices ended flat with mixed bias. Market breadth ended positive with 1405 gainers and 1323 losers on ...Rediff.com, 2 months ago
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US Benchmark indices ended lower, amid weak Asian cues and easing crude oil prices, as investors turned cautious ahead of the policy meetings of central banks in Japan and the US. "The more compelling case for a rate hike, in our opinion, would stem from the Fed’s need to regain credibility and ensure that its communication does move the markets. We continue to stand by our case for a rate hike ...Rediff.com, 2 months ago
Congress vice president Rahul Gandhi on Saturday took a jibe at the Samajwadi Party, saying ‘the cycle (SP’s poll symbol), voted to power by the people (in the last Uttar Pradesh assembly election), was not moving’. "You removed the elephant (Bahujan Samaj Party’s poll symbol) and brought the cycle...but the cycle is stationary,” he told a gathering at Khetasaria in Jaunpur near Varanasi. "Do not know if it (the cycle) has a puncture or is tied from behind or ...Rediff.com, 2 months ago Ban on notes will turn out to be a huge scam: Rahul Rediff.com, 2 weeks ago
Angela Jameson Nick Varney, the chief executive of Merlin Entertainments, is clear that he wants an internationally balanced portfolio of entertainment attractions and parks. The aim is for the company to have about a third of its business in ...4 Traders, 1 month ago
A year's print run has been shortened to 5 months, reports Subhomoy Bhattacharjee. Strip searches, overlapping Central Industrial Security Force teams manning closed circuit television cameras and stiff integrity checks for employees mark the world's largest operations at India’s four currency presses. No official, irrespective of rank, is allowed to enter -- without a body search -- the compounds at Mysuru, Salboni, Dewas and Nashik where the government is printing suddenly scarce ...Rediff.com, 1 day ago
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