Business
6 million white-collar workers lost jobs during May-August

White-collar employment for May-August 2020 was at 12.2 million, the worst since 2016, CMIE data shows. Industrial workers were the next hardest hit, losing 5 million jobs year on year.

Chana dal prices set to spike, Kabuli chana could cost Rs 100/kg in festive season

Prices are already increasing as hotels & restaurants reopen, govt acquires large quantities for distribution under Covid plan, and demand rises further.

Sebi’s multi-cap fund norms likely to trigger uptrend in smallcaps

The tweaks in the multi-cap fund rules can lead to about Rs 25,000 crore flowing into smallcaps, experts say but they advise caution in stock selection.The new Sebi norms to make multi-cap funds true to label will trigger a rally in select smallcap stocks, market experts have said.

Gold likely to remain choppy as US equity market struggles for direction

Gold may witness choppy trade as US dollar and US equity market struggle for direction however buying might re-emerge at lower levels amid persisting challenges to global economy

India’s GDP Data Should ‘Alarm’, Says Raghuram Rajan

The damage to the Indian economy is far worse than in the U.S. and Italy — two of the worst affected by the pandemic, said Rajan, adding that the discretionary spending in India will remain weak until the virus is contained. The pandemic is still raging in India, so discretionary spending, specially on high contact services like restaurants, and associated employment, will stay low until the virus.

Focusing on ratings is 'nuts', Raghuram Rajan wants India to do Covid-control first

“In this environment, focusing on a credit rating is just nuts. Your credit rating just does not depend on your level of debt, it depends on how you are going to grow out of the debt. We cannot worry about spending. We certainly have to focus the spending but we have to repair the damage now,” Rajan said during an NCAER online conference .

Raghuram Rajan Advises Govt To Sell PSUs While Stock Market Is Buoyant

Former Reserve Bank of India (RBI) governor Dr Raghuram Rajan has advised the government to fast-track the process of selling PSUs by taking advantage of the sudden increase in customers in the market.

Markets Drop After Sobering News From Europe

EU says recession will be deeper than forecast.Technology companies and banks led stocks broadly lower on Wall Street Tuesday, as the market gave back some of the big gains it made the past couple of weeks. The sell-off snapped the S&P 500 index’s five-day winning streak.

The IMF's chief economist poured cold water on the Bank of England's claim the UK is heading for a V-shaped recovery

The economy could see "a spike initially, and then going forward, I think we could end up with something much more flat," Gopinath told lawmakers in Britain's parliament on Wednesday.Her comments on the UK economy are in sharp contrast to projections by two policymakers at the Bank of England.

Antique jewels the new playground for super-rich Indians amid lockdown

Affluent Indians have found a new obsession: online jewellery auction of rare and collectable pieces with pedigree and provenance. Art Deco masterpiece which epitomises a classic synergy between Indian royalty and the French watch and haute joaillerie house — sold for a staggering $1.34 million, far beyond its reserve price between $600,000 and $800,000.

US adds 4.8 million jobs as unemployment falls to 11.1%

But, the Wall Street Journal said that the US labour market is operating with millions fewer jobs than in February, the month before the coronavirus pandemic struck the country's economy.

Oil prices drop on prospect of returning Libyan supplies

The more-active Brent crude futures for September fell 24 cents, or 0.6%, to $41.61 a barrel by 0610 GMT, paring Monday's 92 cent gain. The August contract, which expires on Tuesday, fell 24 cents to $41.47.

How to prepare for the next market crash

Heightened optimism among investors without backing of strong economic data is worrying experts, who say the current stocks rally may not sustain.

Muted economic sentiment will move customers towards value purchase: Walmart India CEO

The company expects a pent up demand for in the short-term, for non-essential categories such as small kitchen and home appliances.

$500 billion and counting: If dollar fall over time, India reserves to enjoy huge passive swelling IMF sees 'profound uncertainty' about global recovery RBI spared no expense in hosting Raghuram Rajan Centre May Bring In Law To Ban Cryptocurrencies In India FM Sitharaman Tells Historian Ramchandra Guha:Don't Worry Economy Is In Safe Hands GST Council meeting to discuss issue of compensation to states, revenue generation; rate tweaks unlikely BSE changes expiry of weekly derivatives contracts from Thursday to Monday RBI proposes major changes in securitisation norms Amazon Eyes Bharti Airtel's Stake For $2 Billion Rupee Ends Lower At 75.57 Per Dollar Google pulls down the 'Remove China Apps' and the 'Mitron' app from Play Store Moody’s Downgrades India Rating to 22 Years low. Shocks Analysts. Adds To Worries Amid Pandemic Gold prices rise today as US riots trigger safe-haven demand; silver rates gain 23% in May India Govt. Releases Dismal GDP Data of Before Corona Period. Consistent Sharp Decline in Last 11 Years. Quarter 4th at 3.1 percent Worst affected. Google-Vodafone Idea deal – all the banks and mutual funds that are waiting for it to happen RBI slaps Rs 5 crore fine on Bank of India for non-compliance Bank of America, Citi, Chase & Wells Fargo Have Shifted Employees To Dealt With Defaulted loans Time To Go Digital: Important For SME Sector In India For Transformation RBI's Repo Rate Cut A Good News For Borrowers India faces economic catastrophe, PMO can't handle it by itself: Rajan Gold price headed for Rs 50,000 per 10 grams in next quarter: Best performing asset in 2020 Alibaba, Baidu, Chinese firms under attack in US. Legislation passed to delist Chinese companies from Stock Exchanges RIL shares at discount, get at only one-fourth the price: Issue opens Modi’s economic package may fail to lift spirits; India’s macro-fundamentals at risk Rolls-Royce to cut some 9,000 aerospace jobs due to virus, decline in air travel Startups staring at revenue decline, many in process of closing down India Lockdown impacts Flipkart. Walmart International’s growth also affected Icra revises steel sector outlook to negative. Demand likely to fall by record 20 pc in FY21 IFSC bank units to report all OTC forex deals to CCIL platform from June 1: RBI RIL now a software firm first, oil & gas biz later; flaunts ‘Made in India’ tag