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The Economic Times: Latest business, finance, markets, stocks, company news from India.
Updated: 2 hours 9 min ago

China reconsiders global strategy for Yuan

Sat, 10/24/2020 - 23:56
The yuan rallied to the strongest in more than two years earlier this week, aided by dollar weakness and China’s economic recovery from the virus pandemic.
Categories: Business News

Nifty overbought, market may see sectoral rotation in the near term

Sat, 10/24/2020 - 23:56
Contrary to expectations, India’s power consumption grew in double digits YoY at 11.4 per cent in the first half of this month. This signals buoyancy in industrial and commercial activities after months of subdued activity and indicates that India as an economy is in now a superior position compared with other developed countries.
Categories: Business News

Biden's capital gains tax plan fixes nothing

Sat, 10/24/2020 - 23:56
The capital gains tax rate has historically been lower than taxes on ordinary income, which is the taxes paid on salary or business income. Wealthy people pay a disproportionate amount of these taxes, because they are more likely to hold financial assets such as stocks, bonds and real estate.
Categories: Business News

Base year revision for CPI-industrial workers suspicious: AITUC

Sat, 10/24/2020 - 23:56
The AITUC further said that it is of the view that the move will lead to "depression" in dearness allowance (DA) paid to workers. The labour ministry has recently revised the base year for CPI-IW to 2016 from 2001.
Categories: Business News

GS1 to partner retailers and brands to make a common platform, NIFR, for supply chain issues

Sat, 10/24/2020 - 23:56
The forum which includes more than a dozen leading companies such as Amazon, Google, Nestle and Hindustan Unilever, will address challenges faced in their supply and demand chain processes, enhancing operational efficiencies, and consumer trust by ensuring the availability of the right product.
Categories: Business News

View: Big tech needs regulation but government action no solution

Sat, 10/24/2020 - 23:56
This column began by saying that some aspects of the internet giants (including Google) should be regulated. Their tax loopholes should be closed. But the reason is less their monopoly power than unanticipated side-effects such as privacy problems and proliferation of hate speech and falsehoods.
Categories: Business News

Samsung group chairman Lee Kun-hee died, says Samsung

Sat, 10/24/2020 - 23:56
Lee, who was 78, helped grow his father Lee Byung-chull's noodle trading business into South Korea's biggest conglomerate. His death came more than six years after he was hospitalised for heart attack.
Categories: Business News

Farooq Abdullah named chairman of Peoples Alliance for Gupkar declaration; Mehbooba Mufti to be deputy

Sat, 10/24/2020 - 23:56
CPM leader Mohammad Yousuf Tarigami is the convenor of the alliance, while Sajad Lone of People's Conference has been named as the spokesperson.
Categories: Business News

Rashtriya Janata Dal manifesto for Bihar polls: 10 lakh jobs, farm loan waiver

Sat, 10/24/2020 - 23:56
The cover page of the manifesto displays photographs of Mahatama Gandhi, Dalits icon B R Ambedkar, freedom fighter Maulana Abul Kalam Azad, socialist veterans-Ram Manohar Lohia and Karpoori Thakur- Loknayak Jayprakash Narayan among others, but it does not have a photo of the party's founder and its charismatic leader Lalu Prasad.
Categories: Business News

Novogratz says Bitcoin is digital gold, not a currency for now

Sat, 10/24/2020 - 20:55
“I don’t think Bitcoin is going to be used as a transactional currency anytime in the next five years,” Novogratz, founder and chief executive officer of Galaxy Investment Partners, said in an interview with Bloomberg TV and Radio.
Categories: Business News

China says looking into unfair competition on e-commerce platforms: Xinhua

Sat, 10/24/2020 - 20:55
The operation will run until December and will also look into areas such as live streaming, which has in the past two years become a popular sales channel in China, Xinhua said on Saturday, referring to a recently issued notice from the State Administration of Market Supervision and other departments.
Categories: Business News

Pakistan political crisis could impact CPEC, economic growth

Sat, 10/24/2020 - 20:55
Opposition parties in the country led a joint rally protesting against Prime Minister Imran Khan's "puppet" government and the Army.Besides, the Financial Action Task Force (FATF) has also ruled against taking Pakistan off the 'grey list' and gave Islamabad time till February 2021 to comply with its 27-point action plan.
Categories: Business News

Will RBI’s relaxed loan-to-value rules make home loans cheaper?

Sat, 10/24/2020 - 17:55
According to RBI, retail housing loans will attract a risk weight of 35 per cent, where LTV is less than or equal to 80 per cent and a risk weight of 50 per cent where LTV is more than 80 per cent but less than or equal to 90 per cent.
Categories: Business News

Defence canteens to ban import of finished goods

Sat, 10/24/2020 - 17:55
‘Direct imported’ items would include those that are shipped from other countries in finished form.
Categories: Business News

RBI board holds review meet to take stock of economic situation, other challenges

Sat, 10/24/2020 - 17:55
"The board reviewed the current economic situation, continued global and domestic challenges and various areas of operations of the Reserve Bank. The board also discussed the working of sub-committees of the central board and the local boards and deliberated on the aspects related to financial stability in the present milieu," the RBI said.
Categories: Business News

Traders bet on calendar spread as Nifty moves in a tight range

Sat, 10/24/2020 - 17:55
A trading combination involving Nifty options is gaining prominence among savvy trading desks of institutional investors.
Categories: Business News

Nifty may find support at 5300 level

Sat, 10/24/2020 - 17:55
As far as stock futures are concerned, we are very near to the highest-ever open interest with 195 crore shares in open interest.
Categories: Business News

Seven out of top 10 Asian small-cap funds are Indian

Sat, 10/24/2020 - 17:55
An analysis of 300 Asian small-cap schemes shows DSP BlackRock Micro Cap Fund leading the charge, delivering an 82% return over the past year.
Categories: Business News

Inflation reflects growth dynamics in India: Christopher Wood

Sat, 10/24/2020 - 17:55
India has inflation and it reflects the fundamental growth, Christopher Wood, equity strategist, CLSA, said at ET Now Mkt Summit-2010.
Categories: Business News

Market may trade in a range, but FIIs seen sold on India

Sat, 10/24/2020 - 17:55
Market may see range-bound trading this week in the absence of any major trigger.
Categories: Business News