MUMBAI: With the US-India trade deal taking another major step towards closure, Dalal Street investors are expecting a positive opening for the leading indices on Monday. Gift Nifty, used by traders for short term market direction, closed 0.7% up on Saturday, which is providing confidence to investors about a higher opening for the week. On…
Whether the Federal Reserve is engaging in quantitative easing is purely semantic, according to Alden, who says all roads lead to debasement. The US Federal Reserve is entering into a “gradual” era of money printing that will stimulate asset prices “mildly” but will not be as dramatic as the “big print” that many in the…
NEW DELHI: A steep cut in NEET-PG qualifying standards has led to postgraduate medical seats in govt colleges being filled at shockingly low scores – including in high-risk clinical specialties – triggering alarm across the medical fraternity, reports Anuja Jaiswal. The impact was stark in third-round PG counselling, where candidates secured seats in govt medical…
NEW DELHI: Mrs. Bectors Food Specialities’ new plant in Indore had just started production for some American buyers when the US announced 50% tariffs on Indian imports. With the trade deal likely to be implemented soon, the company is now hoping that things will slowly fall into place. “Under development business had come to a…
NEW DELHI: The Employees’ Provident Fund Organisation (EPFO) is examining a proposal to introduce ‘performance-linked incentives’ for its fund managers, which will see it allocate more funds to those who give better returns. This is part of the new benchmark methodology being developed for debt investments, officials told TOI. It is also assessing benchmarks for…
NEW DELHI: Prime Minister Narendra Modi has criticised Left politics as a “retrograde ideology” which has lost a lot of ground, even as he praised BJP MP from Kerala, C Sadanandan Master’s maiden speech in Rajya Sabha, and admired his courage after he lost his legs in a brutal attack by alleged supporters of CPM…
NEW DELHI: Commerce & industry minister Piyush Goyal said Sunday that the govt has aggressively sought to push the farm sector’s interests in the US trade deal, while protecting its sensitivities around dairy and agriculture. “We have $30-odd billion of imports. The important thing is we have $55 billion of exports of farm and fish…
MUMBAI: State Bank of India has raised its credit growth target for the year after broad-based momentum lifted profitability in the Dec quarter, chairman CS Setty said at a briefing. “On the credit growth advice we had given 12 to 14% credit guidance earlier. We are revising that upwards to 13 to 15% based on…
NEW DELHI: After a near standstill in business, carpet exporters are now seeing some signs of activity.The punishing 50% US tariffs, including 25% penalty for Russian oil buys, had resulted in buyers putting orders on hold, which resulted in operations in Bhadohi and parts of J&K, the two carpet-making hubs, slowing down considerably.“There are 24-25…
With crypto’s multi-month downturn accelerating into a freefall last week, bulls were frantically grasping for technical signals, or maybe yarns about the blowup of some leveraged hedge fund, that might signal a final bottom for this bear market. Perhaps the ultimate sign of a bottom, though, might be the cheers arising from those who have…
