Tag Archives: domestic

Market continues to be euphoric: Sensex rises over 100 points, Nifty above 11,900 on domestic, global cues; Yes Bank, Vedanta among early gainers

Mumbai: The benchmark BSE Sensex advanced over 100 points in early trade Tuesday amid positive domestic and global cues and unabated foreign fund inflow. The 30-share index was trading 98.04 points, or 0.25 percent, higher at 39,781.33. Similarly, the broader NSE Nifty rose 24.75 points, or 0.21 percent, to 11,949.50. In the previous session on Monday, the BSE gauge ended 248.57 ... Read More »

Tata Motors: Domestic business revs up, JLR hits a speed breaker

Tata Motors’ domestic business performed better than market expectations in the March quarter. That is music to the ears of shareholders who had been patiently awaiting for the turnaround. However, the joy has been tempered by the subdued performance at Jaguar & Land Rover (JLR). In the near future, JLR is expected to face headwinds from rapidly evolving automotive technology ... Read More »

China looks to be slowing again as domestic economy runs out of puff

China’s economy looks to pulling back into the slow lane after a range of data has shown a broad loss of momentum in domestic demand. Key points: Electricity, steel and cement production slowed in August Front-loaded infrastructure spending from earlier in the year slows rapidly Cooling retail sales centre on sectors linked to the property cycle The key monthly readings ... Read More »

What is a domestic systemically important bank

Last week, the Reserve Bank of India (RBI) declared HDFC Bank Ltd to be a domestic systemically important bank (D-SIB). The other two such banks are State Bank of India (SBI) and ICICI Bank Ltd. What is it? D-SIB means that the bank is too big to fail. According to the RBI, some banks become systemically important due to their ... Read More »

White House calls for domestic cuts to finance Mexico border wall

Donald Trump’s administration requested an immediate 30 billion dollars in additional Pentagon spending (AP) Donald Trump is proposing immediate budget cuts of 18 billion dollars (£14 billion) from programmes like medical research, infrastructure and community grants so US taxpayers, not Mexico, can cover the down-payment on the border wall. White House documents were submitted to Congress amid negotiations over a ... Read More »