serendipities
Economy
Interest rates and the obscure world of negative yields
Keerthik Sasidharan It is strange and surreal that nearly 27% of the world’s bonds offer negative yield
Comment
M.Govinda Rao While the Budget shows commitment to fiscal consolidation, there are very few measures that can steer the economy to acceleration
Comment
C. Rammanohar Reddy It would seem that since the government is unable to catalyse domestic investment or fund public investment, it is now turning abroad to fuel growth
Markets
Muhurat trading: Sensex jumps 195 points, Nifty reclaims 11,600
PTI Barring telecom, all BSE sectoral indices were in the green, led by auto, industrials, metal and basic materials.
Markets
Sensex, Nifty end marginally higher; SBI rallies 7%
PTI Domestic equity benchmarks Sensex and Nifty settled a tad higher after a choppy session on Friday amid mixed domestic cues. The 30-share Sensex swung over 523 points before settling 37.67 points, or 0.10%, higher at 39,058.06. It hit an intra-day high of 39,241.61 and a low of 38,718.27. The broader NSE Nifty closed at 11,583.90, up by just 1.30 points or 0.01%.Yes Bank was the top gainer in the Sensex pack, followed by SBI which rallied 7.19% after the lender reported a nearly six-fold jump in
Economy
Indian economy in transition phase, growth to come back: SBI Chairman
PTI SBI Chairman Rajnish Kumar says, “The economy is in transition largely due to important reforms, including GST and insolvency and bankruptcy code, undertaken in the last three years.
Economy
Kolkata, Bengaluru to be included in World Bank’s ease of doing business report
PTI India’s rank is expected to improve further from the current 77th position in the annual World Bank’s Doing Business 2020 report
Industry
ICICI Bank net hit by higher deferred tax
Special Correspondent Profit falls 28% to ₹655 crore on one-time impact of adjustment; net interest income rises 26%
Industry
‘Online discounts dent festive prospects of brick-and-mortar firms’
Special Correspondent Cash crunch is another reason: CAIT
Industry
Top BMW, Mercedes SUVs sell out ahead of Diwali
Lalatendu Mishra Non-luxury PVs too see higher sales around Dhanteras, but were discount-driven