Tag Archives: in

Why business expectations are so tepid despite recovery in Indian economy

The government cannot let the recovery in the Indian economy take its own sweet time, not with the elections less than a year away. Photo: Mint The Nikkei India Composite PMI Output index, a gauge of private sector economic activity in both the manufacturing and services sectors, came in at a strong 54.2 for July, up from 52.6 in June. A ... Read More »

Home Ministry flags Chinese bank eyeing second branch in India

ICBC and Bank of China had applied for a branch licence with the RBI last year. (Photo: Reuters) At a time when the Centre has cleared the decks for the maiden Bank of China branch in India, the Ministry of Home Affairs is learnt to have raised objections to a proposal by the Industrial and Commercial Bank of China (ICBC) ... Read More »

RBI to hike rates again by year-end, August still in play: Poll

The Reserve Bank of India (RBI) is expected to raise interest rates again in the final three months of this year, according to a Reuters poll of economists, but over one-third of them predicted a hike as early as at the next meeting in August. Accelerating inflation and India retaining top spot as the fastest-growing major economy prompted the RBI ... Read More »

Many stocks in extreme oversold territory

Where are We? During the week, our markets had a good rollercoaster ride, which must have kept the traders on their toes. First half looked very ominous as we saw index sliding below the important psychological level of 10,500. Clearly, it was hard to believe we would reclaim the 10,500 mark immediately on the following day after seeing Wednesday’s massive selloff towards ... Read More »

Stocks in focus on May 28, 2018

NEW DELHI: Domestic shares are likely to open on a flat note on Monday, tracking weak global cues and Nifty futures in Singapore Stock Exchange (SGX). At 08:09 am, the Nifty futures in SGX were trading 12 points or 0.11 per cent higher at 10,651. Here is a list of top stocks that are likely to be in focus in today’s trading ... Read More »

Still interested in gold investments? Here’s how to go about it

Gold investments fetch just 5-6% returns, which are not much compared to 10-12% returns investors get in the equity and real estate markets. Photo: Pradeep Gaur/Mint India no longer seems to be a gold-obsessed country. This year, total gold demand in January-March 2018 fell by 12% in volume and 8% in value, according to data released by World Gold Council ... Read More »

WhatsApp is bringing Chat Filters in its Business App for Android

It has been only a few days since Facebook’s developer conference, F8 2018, has just got over and reports of new features in its various apps, whether Facebook or acquired ones like Instagram or WhatsApp are coming up. It has been reported that a chat filter and sticker album might be coming to WhatsApp. While the development team has just started working ... Read More »

Why Argentina’s economy is in trouble again

Argentina’s president Mauricio Macri has overseen reforms This wasn’t supposed to be happening to Argentina. The election, three years ago, of the moderniser Mauricio Macri as president was hailed as proof that what was once Latin America’s richest economy was getting back on its feet. Now, after the country’s central bank raised interest rates for the third time in a ... Read More »

Market Stumbles Show Traders Already Think We’re in Late Cycle

Evercore ISI’s DeBusschere Says Short Rates Are Attractive Relative to Equities Maybe Caterpillar was right. What if this is as good as it gets? The industrial bellwether’s famous grouse, of course, referred to its own earnings. But signs are mounting that the sentiment might apply more broadly, that current cycles for everything from financial assets to credit conditions and even the ... Read More »

NCLAT to hear NuMetal, ArcelorMittal petition in Essar Steel case on May 17

The National Company Law Appellate Tribunal (NCLAT) on Friday agreed to hear cross petitions filed by Essar Steel bidders NuMetal Ltd and ArcelorMittal India Ltd on May 17 . The two bidders have challenged the eligibility criteria for companies allowed to bid for the stressed steelmaker. The NCLAT issued notices to a committee of Essar Steel creditors, the resolution professional ... Read More »