The US markets ended lower amid continued uncertainty about China and the Federal Reserve. Asian markets too are in the red with Japan’s Nikkei down over 1 percent.
Posts tagged MC
Opening bell: Weak global cues to drag Nifty lower today (01-09-2015)
Wall Street’s worst month in 3 years ends on a sour note (01-09-2015)
The Dow Jones industrial average lost 0.69 percent to end at 16,528.03 points and the SP 500 fell 0.84 percent to 1,972.18. The Nasdaq Composite dropped 1.07 percent to 4,776.51.
Asian stocks decline on weak US finish, China twin PMIs (01-09-2015)
Asian stocks declined early Tuesday, following a negative lead from Wall Street and as investors digested the slew of economic data out of China.
Ratan Watal new Finance Secy, new team takes charge (31-08-2015)
Traditionally, the seniormost bureaucrat in the Finance Ministry is named Finance Secretary. Watal, 59, is a 1978-batch Andhra Pradesh cadre IAS officer while Das belongs to 1980 batch from Tamil Nadu cadre. Das is an old economic affairs hand, having worked as joint secretary in-charge of budget.
RBI names SBI, ICICI as ‘too big to fail’ banks (31-08-2015)
The banks, as per the norms, will need to keep additional capital reserves. Higher capital requirements will be applicable from 1st Aril 2016 and will become effective within three years.
Petrol price cut by Rs 2/ litre, diesel by Rs.0.50/litre (31-08-2015)
Petrol price will be cut by Rs 2 per litre and diesel by 50 paise per litre with effect from midnight tonight.
April-Jul fiscal deficit at Rs 3.85L cr, at 69% of FY16 tgt (31-08-2015)
India’s fiscal deficit came in at Rs 3.85 lakh crore for the period between April and July. government data released today show.
Nomura expects strong growth in August MHCV, PV sales (31-08-2015)
Strong growth for medium heavy commercial vehicle (MHCV) space may be led by pre buying ahead of mandatory ABS (anti-lock braking system) implementation from October 1, 2015.
July core sector growth slows down to 1.1% (31-08-2015)
Coal production grew only 0.3 percent versus 6.3 percent M-o-M, crude oil production was down 0.4 percent versus 0.7 decline M-o-M percent, natural gas production was down 4.4 percent against decline of 5.9 percent M-O-M.
India Q1 GDP growth rate slows to 7% vs 7.5% QoQ (31-08-2015)
The country’s first quarter (April-June) gross domestic product in fiscal year 2015-16 slipped from 7.5 percent in the previous quarter to 7 percent (January-March). A poll of economists had forecast growth to come in at 7.5 percent.