Out of the five public sector banks that do not meet the Securities and Exchange Board of India's minimum public shareholding norm of 25%, Bank of Maharashtra may be the first one to dilute the government stake in the current financial year, Department of Financial Services Secretary Vivek...
Lacklustre growth in agriculture and the recent electoral setbacks in rural areas were expected to prompt the National Democratic Alliance government to give a higher share of the Budget pie for the farm sector. Though Finance Minister Nirmala Sitharaman put productivity and resilience in...
The rupee is theoretically a market-determined currency, but since last year, it is the Reserve Bank of India which has held the steering wheel. And currency traders say that the central bank is now steering the rupee southward. The Indian rupee has depreciated 0.4% against the dollar so...
The Securities and Exchange Board of India's study released Wednesday on profits and losses made by individual traders from intraday trading has expectedly led to excited chatter among market players. Multiple interpretations are being made but no one is alarmed, as yet. The main finding in...
The trend seen in Indian equities so far this week suggests that investors, domestic institutions in particular, could keep buying into dips in the market, as the long-term outlook for domestic shares remains intact, according to market watchers. The Nifty 50 has managed to recoup nearly all losses...