China Flag

Investors operating in China are facing a more challenging environment despite Beijing's push to improve ties globally

Illustration: Ajay Mohanty

As the requirement for capital import into India at present is low, the global tornado has modest implications for us

The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places

Illustration: Binay Sinha

Doubts about India's corporate governance norms and integrity of its financial markets?

One way out is to give constitutional status to regulatory agencies with systemic importance, like in the case of CAG, and CEC

With the right policy, income from short selling Adani Group stocks and bonds could have accrued to Indians rather than the Americans

Finance Minister Nirmala Sitharaman

FM says banking system at comfortable level as bad loans hit new lows

budget 2023

Budget measures will strengthen financial markets

RBI Governor Shaktikanta Das

Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted

stock market, markets, trading, nse, bse, sensex, nifty, rally, coronavirus, covid, lockdown

Year 2022 was hard on financial markets across the world. But markets usually rally on the last 5 trading days of the year. This is called the Santa Claus rally. Find out more about Santa Claus rally

markets, sensex, stocks, sectors

Here's how leading brokerages and research houses expect 2023 to play out for the equity markets, and their sector preferences

Move on account of lack of cooperation arrangements between the EU regulator and Indian authorities

Asks these economies to reinstate swap lines with advanced economy central banks

Rupee

The rupee strengthened by 31 paise to 81.51 against the US dollar in early trade on Tuesday, tracking weakness in the greenback in overseas markets and a rally in domestic equities.
However, rising crude price in the international market restricted the rupee, forex traders said.
At the interbank foreign exchange, the local currency opened sharply up at 81.66 against the dollar, then gained further ground to 81.51, showing a gain of 31 paise over its previous close.
The rupee settled 42 paise lower at 81.82 against the dollar on Monday.
In the domestic equity market, the 30-share BSE Sensex was trading 1,006.59 points or 1.77 per cent higher at 57,795.40, and the broader NSE Nifty climbed 306.40 points or 1.81 per cent to 17,193.75.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.14 per cent to 111.58.
Brent crude futures, the global oil benchmark, rose 0.46 per cent to USD 89.27 per barrel.
Foreign institutional ..

stock markets

India's currency has done relatively better than other major emerging markets, barring Russia

Chart

Spread between 10-yr G-sec and 2-yr bond yields narrows to 38-mth low

Asian market

Asian shares rose on Friday, buoyed by news of possible progress for China and the United States to hammer out an audit deal, while traders anxiously awaited a speech from Federal Reserve Chair Jerome

ukraine russia war bucha

Over six months since Russia invaded Ukraine in what Moscow calls its "special military operation" thousands have been killed, millions made homeless and the world has seen the worst East-West tension

Illustration

Parts of the Indian financial sector have been liberated, and this has fuelled growth. The rest of the sector needs this now

US Federal Reserve chair Jerme Powell

The impact of US Federal Reserve's announcement in November last year to taper its asset purchases was "moderate" on Indian financial markets largely due to the country's strong external position

For FY23, the Indian economy clocked a growth rate of 7.2%. In the previous financial year (FY22), India had seen 9.1% GDP growth

Economic growth, GDP

Business Standard

Nine months after Agarwal announced the chip partnership to build India's "own Silicon Valley," the project is yet to find a technology partner or license manufacturing-grade technology

Anil Agarwal

Bloomberg

The fiscal deficit for the last financial year narrowed to 6.4% from a year earlier. It also met the budget gap target, aided by buoyant tax receipts and some fiscal headroom from lower payments

Fiscal Deficit

Stock market live updates: At 7:15, the SGX Nifty futures were down around 30 points at 18,680

Stocks to watch on May 31, 2023: From Adani Ports to Sun Pharma, here are top stocks to watch in Wednesday's trading session

market, stocks, stock market trading, stock market

Wrong end of the curve: YTM of most scheme categories 15-65 bps lower at the end of April

Rupee, bonds market, funds

Inverse correlation between net equity MF inflows, market performance

BSE, stock market, sensex

The initial public offering (IPO) market has yet to benefit from the gains in the secondary market in recent months. The IPOs of IKIO Lighting and JG Chemicals may hit the market next month

markets

We expect high single-digit to low double-digit returns for equities in CY23, with preference for mid-caps over large-caps, Jitendra Gohil, director, global investment management at Credit Suisse

Jitendra Gohil, Credit Suisse | Photo Credit: Kamlesh Pednekar

Here is the best of Business Standard's opinion pieces for today

investments, mutual funds

Says this would enable in reduction of pending cases at DRTs and enhance recovery for banks

Finance Ministry

Sebi need not get into the business of regulating the platforms offering fractional ownership rights in real estate

When trust is broken and management is dehumanised, there are no winners in the end

labourers, migrant labourers, labour law

The ex-Wayanad MP said that before we decided to start the 'Bharat Jodo Yatra,' we knew that normal tools used in Indian politics would not work anymore

Rahul Gandhi

India has witnessed a significant transformation in several areas since 2014 and will emerge as a key driver for Asian and global growth, says a Morgan Stanley research report on Wednesday.
India of today, the report said, is different from what it was in 2013.
"In a short span of 10 years, India has gained positions in the world order with significant positive consequences for the macro and market outlook," it said.
India, according to the report, "will emerge as a key driver for Asia and global growth."
On the skepticism about India, particularly with overseas investors, who say India has not delivered its potential -- despite it being the second-fastest growing economy and among the top-performing stock markets over the past 25 years -- and that equity valuations are too rich, it said, such a view ignores the significant changes that have taken place in India, especially since 2014.
The report highlighted the 10 big changes, including supply-side policy reforms, formalisation o

Indian market, indian economy, consumer sentiment

Press Trust of India

The 27th meeting of the WMCC was attended by the Joint Secretary (East Asia) from the External Affairs Ministry, who led the Indian delegation

India China

IANS

The Telangana state government on Wednesday launched the Telangana State Anti-Narcotics Bureau and the Telangana State Cyber Security Bureau

Data Protection, cybersecurity, digitisation, security

Morgan Stanley's report on how India under Prime Minister Narendra Modi has transformed and gained a position in the world order in less than a decade is the "best and sharpest indictment" of the Congress-led UPA's "lost decade between 2004 and 2014", Union Minister Rajeev Chandrasekhar said on Wednesday.
Speaking to PTI, he said the report reminds Indians how the Congress-led UPA had in 2014 left "a shattered economy". Nine years later, India has emerged as one of the fastest-growing economies in the world with record FDI, the minister said.
"This report that says how India is transformed in less than a decade under Prime Minister Narendra Modi is in my opinion the best and sharpest indictment of the UPA's lost decade between 2004 and 2014," he said.
In the report, Morgan Stanley said significant scepticism about India, particularly with overseas investors, ignores the significant changes that have taken place in India, especially since 2014.
Rejecting criticism that India has not

Rajeev Chandrasekhar

The government has extended the tenure of Atul Verma as the Director General of the Competition Commission of India (CCI) for three months.
The Director General (DG) office is the investigation arm of the fair trade regulator.
According to an official order, the competent authority has approved the extension of the deputation of Atul Verma as Director General of CCI for a period of three months beyond May 31.
CCI is probing various anti-competitive cases, including those relating to technology companies.

Competition Commission of India

Concerned about Jharkhand's low credit-deposit ratio at 45 per cent, the state-level bankers' committee on Wednesday decided to take it to 50 per cent by the quarter ending September 2023 of the current fiscal.
The SLBC was headed by Bank of India Managing Director and CEO Rajneesh Karnatak.
"All banks are committed to the economic growth of Jharkhand...There is a plan for improving the CD ratio. This year, it has improved by 6 per cent on a year-on-year basis. There are individual credit plans for all the banks, including 12 per cent for the Bank of India (BoI)," Karnatak said.
The credit-deposit ratio in the state was recorded at 45.07 per cent on March 31, 2023, as against 42.37 per cent by the end of the previous fiscal, registering an increase of 6.37 per cent.
According to the RBI guidelines, the CD ratio can be much higher and can reach 77-78 per cent but the reason for the state's low credit to deposit proportion is "primarily due to absence of manufacturing here though ...

Financial markets

China financial data providers stop sharing key corporate information

Safety in the storm

The accidents have started

The Adani affair

Regulatory mishaps seem to dog the Indian financial markets permanently

Short selling in US and India

Indian financial markets remain well-regulated: FM Nirmala Sitharaman

Focus on finance

Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das

What is a Santa Claus rally?

Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023

ESMA withdraws recognition granted to Indian clearing corporations

Use dollar-denominated forex reserves wisely, IMF urges emerging economies

Rupee appreciates 31 paise to 81.51 against US dollar in early trade

Statsguru: Six charts explain rough ride in the financial markets

Narrowing bond yields signal liquidity squeeze in markets, shows data

Asian shares rise by 0.4% as hopes for audit deal boost Chinese tech

Here's how 6-months of Ukraine-Russia war rattled global financial markets

Azadi of the financial sector

Muted impact of Fed's Taper 2 on India due to strong external position: RBI