Topic: Indian market
Sensex drops for sixth straight day, plunges by 1,115 points
Barring Hindustan Unilever, all Sensex components ended in the red. Similarly, the NSE Nifty crashed 326.30 points or 2.93 per cent to close at 10,805.55.
Modi is now using India’s market size as a strategic weapon, like China has done for long
Self-reliance plan is hitting China where it hurts, while Trump has stood by India despite trade irritants & oil exporters have honoured Modi to keep him happy.
How Indian companies cutting capital spending is set to prolong economic slump
Capital investments make up about a quarter of GDP & lower expenditure could weigh on economy in long-term, including denting potential growth rate of 7%-8%.
Indian business outlook is the worst in the world, survey finds
The business activity net balance fell sharply to -30% in June from +26% in February, according to IHS Markit India Business Outlook survey results.
Pine Labs weighs bid for fallen Wirecard’s business in India and southeast Asia
Wirecard was forced into insolvency by an accounting scandal. Several of its subsidiaries -- including those in Asia -- weren’t part of the insolvency filing.
Gold sales in India unlikely to revive before September
Demand for gold had already slowed due to high prices before the pandemic struck. Jewellers are now waiting for the festival season for a boost.
Modi magic goes missing for stocks in his second term as PM, values shrink 25%
Modi’s reputation as an economic reformer fuelled an increase of almost 50% in equity market capitalisation during his first 5 years in office.
Sensex zooms over 1,400 points after PM Modi announces Rs 20 lakh crore stimulus package
Similarly, Nifty soared over 9,400 points. ICICI Bank was the top gainer in the Sensex pack, surging around 7 per cent.
Foreign portfolio investors withdraw record Rs 1.1 lakh crore from Indian markets in March
The outflow of funds in March amid the Covid-19 pandemic comes after 6 consecutive months of investment by FPIs.
Sebi gives 45-day relaxation to companies for filing Q4 results amid COVID-19 spread
Sebi has also relaxed time-gap required between two board meetings & companies have been given time till 15 May for filing quarterly governance reports.
Is it ‘shirk from home’? Jury’s still out as Europe begins working from home again
There is no evidence yet of mass remote work’s impact in the longer term on company productivity, but the current outlook is mixed at best.
Harley Davidson to discontinue sales and manufacturing operations in India
Harley’s decision comes weeks after Toyota Motor Corp. said it won’t expand further in India due to the country’s high tax regime.
Defence
Indian soldiers at LAC have go-ahead to open fire in self-defence, India tells China
With no signs of disengagement on the ground in Ladakh, where India and China have been locked in a stand-off since April, both sides will stay dug in during the region’s bitter winter too.
Suspect all, fix all? Is that the motto of our new ‘National Suspicion State’?
It’s not just Modi government or BJP, but even state governments, judiciary are getting caught in a ‘we suspect all’ mindset. Is India becoming a National Suspicion State?