One of the biggest critics of the demonetisation step announced by Prime Minister Narendra Modi was West Bengal Chief Minister Mamata Banerjee, and in the face of another major step to be taken regarding the economy of the nation, she has once again spoken out in protest.
As the deadline approaches for the implementation of the Goods and Services Tax, the nation gears up to prepare itself for the landmark legislation which will be officially in place at the stroke of midnight on June 30, exactly...
'Munna Michael' is a film everyone seems to be waiting for. Right from the first poster release of the film to the two songs, Tiger Shroff's film has kept the audience hooked for more. On Tuesday, the third track from the film was released on social media by Tiger Shroff and debutante leading lady Nidhhi Agerwal which is the first romantic song coming from the movie.
With the new track 'Pyar Ho', the leading pair is set to show their sizzling and fiery chemistry which has grabbed everyone's attention. The...
A special CBI court on Wednesday allowed Sheena Bora murder accused Indrani Mukerjea to officially file a complaint against Byculla Prison officials after she was allegedly beaten and threatened with sexual assault following prison riots.
The death of a 45-year-old woman prisoner Manju Govind Shette triggered protests in the Byculla Prison, and Indrani was among the 200 inmates of the women's prison that were booked for rioting.
Indrani appeared in court on Wednesday after she submitting an application...
The general expectations from a Salman Khan movie are pretty stagnant and basic. The movie will have some mindblowing action, chartbuster masala songs, Salman's bare-chested body, few classic dialogues, a beautiful damsel in distress and massive box office collections. The audience and the critics don't expect more than this. 'Tubelight' was exactly none of it and maybe this didn't go too well with anyone because of some solid preconceived notions about a typical 'Salman Khan Film'.
But that doesn't...
Loan growth in the country is expected to pick up to 15 per cent in 2017-18, from 9.1 per cent in the previous fiscal, as demonetisation shock fades, says a report.According to a Bank of America Merrill Lynch report, loan growth in the country is now at a historic low and is expected to bottom out."Our BofAML liquidity model forecasts that loan growth will pick up to 15 per cent from 9.1 per cent in 2016-17 as the demonetisation shock works itself out," BofAML said in a note.
The report further...
In its attempt to become power surplus and increase the share of renewable energy, the Bihar government has planned to set up a nuclear plant of around 3,000 MW capacity at Rajauli in Nawada district, a senior minister said today.
"We have embarked on the growth path. We want to be self-reliant in the power sector. Apart from the other sources of energy, we have also planned to set up nearly 3,000 MW of nuclear capacity in Bihar," Industries Minister Jai Kumar Singh said.
Singh was speaking...
Raghuram Rajan's Exit Affects Rupee, Sensex Too Opens 178 Points Down On Rexit
NEWS WORLD INDIA | 0
June 20 , 2016 , 10:14 IST
[caption id="attachment_184049" align="aligncenter" width="700"] Market benchmark Sensex plunged over 178 points in early trade on Monday as financial stocks led decline after RBI Governor Raghuram Rajan said no to a second term amid mixed cues from Asian markets.[/caption]
Market benchmark Sensex plunged over 178 points in early trade on Monday as financial stocks led decline after RBI Governor Raghuram Rajan said no to a second term amid mixed cues from Asian markets.
Moreover, the rupee, which nosedived by 61 paise to 67.69 against the dollar in opening trade, also had a bearing on domestic equities.
Investors were also cautious ahead of Britain referendum vote later this week to decide on its future in the European Union.
On Saturday, Rajan had said no to a second term in the post, a surprise decision the industry and opposition parties term as nation's loss.
The 30-share index declined 178.03 points or 0.66 per cent to 26,447.88 with banking, consumer durables, FMCG, power, healthcare, metal and PSU sector stocks leading the fall.
However, the index later recovered early losses to trade higher by 70 points around 1000 hrs. It had gained 100.45 points in the previous session on narrowing CAD and positive global cues.
The NSE Nifty opened lower by 62.85 points or 0.76 per cent at 8,107.35. Later it was also trading higher.
Sentiment turned weak following RBI Governor's decision to not seek a second term in the post that dented investor confidence, triggering fresh round of selling by funds.
In regional markets, Hong Kong's Hang Seng was up 1.10 per cent, Shanghai Composite fell 0.17 per cent in early trade while Japan's Nikkei was trading in the positive zone.
The Dow Jones Industrial Average had ended 0.23 per cent lower in Friday's trade.