Despite participating in the share sale, several of the larger institutional investors have made only limited reductions to their holdings. NSE IPO: Most existing shareholders of the National Stock Exchange of India (NSE) have continued to hold a substantial part of their stakes even after selling shares through the offer-for-sale (OFS) portion of the exchange’s…
The curious link between hemlines and the economy As wacky as it sounds, fashion and the economy have been linked by an unusual theory for nearly a century: the Hemline Index. In one of the strangest attempts to study economy, the theory proposes: skirts get shorter when times are good and when the economy struggles,…
Bank holiday in September Bank customers planning a branch visit on Monday, September 21, should note that banks will remain closed in parts of the country for regional holidays.According to the Reserve Bank of India’s holiday calendar, bank branches in Assam and Kerala will remain closed on September 21.The closure is not applicable nationwide, as…
India is on track to record real GDP growth of 6.5-7 per cent in the current fiscal, while nominal GDP growth is expected to be around 11-12 per cent, according to a latest report by brokerage Jefferies.The brokerage also expects corporate earnings growth to accelerate to 17 per cent in the fiscal year beginning April…
Gold is likely to remain volatile and range-bound in the coming week as traders track movements in the US dollar and bond yields, developments in the the Middle East conflict and the direction of crude oil prices.According to analysts, after a week dominated by monetary policy and geopolitical developments, investors are expected to turn their…
Uday Kotak on Friday said India needs to find a way to address its high gold imports. India’s gold imports have been in focus since the start of the US-Iran war as they add pressure to the country’s import bill at a time when oil is also rising and rupee is depreciating.Amid this, veteran banker…
The bottle label could prominently carry a red warning. (Image for representative purpose only) The use of cough syrups for children under the age of four continues despite the drug regulator’s guidelines. Now, India’s drug regulator is examining a proposal to make changes to cough syrup labels to discourage their use in children under four…
As part of the process, the society asked all homebuyers to submit their parking allotment letters. (Image for representative purpose only) Your builder gives you parking space at the time of buying the house, but the housing society later changes rules. What happens then?In one such case, the Maharashtra State Co-operative Appellate Court has protected…
Chandrasekaran was delivering his address at SAI University in Chengalpattu Chennai:“Life is a marathon race, not a sprint. It is about becoming better by the day, not overtaking others. There will be ups and downs. Don’t fear downs, and do not turn your confidence into arrogance. Enjoy the journey,” Tata Sons chairman N Chandrasekaran said…
Oil prices have risen sharply since the pipeline was shut, with Brent futures trading at around $108 a barrel earlier this week. India’s crude oil imports from Saudi Arabia have been hit after a pipeline in the Middle East country was shut following attacks from the Houthis. Saudi Aramco has reportedly told Indian refiners that…
