Markets across the globe have been taken for a ride this week, with the Dow Jones industrial average having traveled more than 10,000 points ahead of Friday’s open amid global growth concerns.
Posts tagged MC
Market volatility becoming new norm: Jean-Claude Trichet (28-08-2015)
Arab OPEC brace for oil-price weakness for rest of 2015 (28-08-2015)
OPEC delegates, including those from core Gulf OPEC countries, see economic troubles in top energy consumer China as short term and unlikely to have much impact on demand for crude which will rise seasonally in the fourth quarter.
Will fix formula for premium on gas pricing soon: Pradhan (28-08-2015)
The Modi government’s Make in India policy will take manufacturing to new heights and there will be a huge requirement of energy, Pradhan said, adding that as per the estimates in the next 15 years there will be huge demand for petroleum products.
FPIs take out Rs 15,000 cr in last 5 trading sessions (28-08-2015)
Of this total, FPIs withdrew a net amount of Rs 5,173 crore on the ‘Black Monday’ alone, when the benchmark Sensex crashed over 1624 points, while 50-share NSE Nifty plunged 490.95 points.
ECBs, NRI deposits push external debt to $476 bn (28-08-2015)
However, as a percentage of the Gross Domestic Product (GDP), the country’s external debt works out to be 23.8 percent at the end of March 2015, up from 23.6 percent as on March 2014.
IDBI Bank to raise Rs 49,000 cr via debt (28-08-2015)
The board at its meeting on Friday approved the proposal of “FC (foreign currency) borrowing limit up to principal outstanding amount of USD 7.5 billion equivalent…”, IDBI Bank said in a filing to the BSE.
June credit growth at 20-yr low, decelerated to 10.6%: RBI (28-08-2015)
According to the reports, growth in aggregate deposits and gross bank credit decelerated to 10.6 percent and 8.6 percent, respectively, in June 2015 from 11.9 percent and 12.9 percent, respectively, a year ago.
Still looking for acquisitions in FMCG sector: Adi Godrej (28-08-2015)
In the past, the group’s FMCG firm Godrej Consumer Products Ltd (GCPL) has acquired many companies and brands mainly in South East Asia, Latin America and Africa.
India’s response to global weakness inadequate: Tata Trusts (28-08-2015)
India should take advantage of China’s weakness, says RK Krishnakumar, Member of Tata Trusts. Shereen Bhan caught up with him and spoke to him about the global turmoil in equities and commodities.
PSBs need govt support for viability of social schemes: SBI (28-08-2015)
The remarks from the chief of country’s largest lender comes a day after Reserve Bank Governor Raghuram Rajan stressed on the need to compensate PSBs to maintain a level playing field as many of the private sector banks do not get pinched by such measures.