A potential victory for Modi’s BJP will help bring back domestic fund flows, and that’s seen as good news for mid-cap stocks.
The S&P BSE Sensex climbed as much as 2.6%, the biggest advance since March 2016, as predictions reinforced Modi’s ability to repeat his 2014 win amid a resurgent opposition.
Many Indian voters are hoping that the trickle-down effect of a ‘business friendly’ government will help the overall economy.
Arresting economic slowdown & nursing financial sector back to health will be the immediate priorities for whoever wins on 23 May.
Care Ratings has cut the firm’s long-term debt program to BBB from A and kept it on credit watch.
Polson butter had monopolised the business by the 1930s and become a household name in India, much before the Amul revolution.
Instant message groups, where foreign-exchange spot traders login to chat and exchange information, has affected their employers adversely.
The Pakistan central bank is due to meet Monday to decide on monetary policy, with economists expecting a seventh straight hike in interest rates.
Container Corporation made advance freight payment of Rs 3,000 cr to Indian Railways at the fag end of FY19, helping improve its operating ratio.
Successes such as Foxconn aside, tales of frustrated plans & bureaucratic bottlenecks are holding India back from a China-1990s-style boom.