INSUBCONTINENT EXCLUSIVE:
This report was compiled from agency feeds.
Trump: China trade talks going 'very well' US President Donald Trump said on Wednesday trade
March 1 deadline for a deal
increasing pain and costs in sectors from consumer electronics to agriculture
The report, however, does give the Opposition some fodder, especially on the issue of sovereign guarantee, where it notes that the Indian
side could not persuade France to provide one.
Sourcing norms for single brand retailers may be easedThe Cabinet is expected to soon
consider a proposal of FDI-linked relaxation for mandatory 30% local sourcing norms for foreign single brand retailers by allowing them more
time to comply with regulations, PTI reports.
Residential property sales jump 5% in Q3 Third-quarter residential property sales saw 5% jump
in year-on-year basis across top tier I cities in the country with southern cities leading the growth
The residential sales was recorded at 69,886 units in Q3 of FY19 as compared to the same period last year, mainly driven by affordable
housing segments, said a recent report by Liases Foras report
Higher sales was led by Chennai, which saw 22% jump in sales and Hyderabad at 18%
Pune witnessed a growth of 14% in sales followed by Bangalore and Ahmedabad at 11% each and at Kolkata 10% and MMR 9%
However, NCR is the only city that saw sales dropping by 17% compared to last year
Oil up on hopes for trade talk breakthroughOil prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-US
tariff talks would improve the global economic outlook
US West Texas Intermediate (WTI) crude futures were at $54.15 per barrel at 0204 GMT, up 25 cents, or 0.5%, from their last settlement
They closed up 1.5% on Wednesday, having touched their highest since Feb
International Brent crude oil futures were up 29 cents, or 0.5%, at $63.90 a barrel
PM-KISAN first instalment on Feb 24The Centre will start paying farmers the first instalment of Rs 2,000 on February 24 at a high-profile
event where Prime Minister Narendra Modi is likely to formally kick off the implementation of the PM-KISAN scheme
The second instalment of the PM Kisan Samman Nidhi scheme, which BJP hopes will cheer rural voters on the eve of the general elections, will
be due on April 1, immediately after all beneficiaries get the first payment by March 31.
US warns countries against buying Venezuelan
oilAmerica's tough-talking National Security Adviser John Bolton has warned countries, including India, against buying Venezuelan oil,
saying nations and firms that support the embattled President Nicolas Maduro's "theft" will "not be forgotten"
Bolton's warning through a tweet on Tuesday came a day after Venezuelan Oil Minister and President of the Latin American state-run oil
company PDVSA Manuel Quevedo told reporters in Greater Noida that his sanctions-hit country wants to sell more crude oil to India.
New
business model on cards for rating cosThe Securities and Exchange Board of India (Sebi) is planning to overhaul the manner in which the
said people aware of the matter
that sparked a crisis in the non-banking finance sector.
SC reserves order on Anil Ambani contempt case The Supreme Court Wednesday reserved
its verdict on Ericsson India's plea seeking contempt action against Reliance Communications chairman Anil Ambani and two others for
non-clearance of its Rs 550-crore dues
A bench of justices R F Nariman and Vineet Saran said it is reserving its verdict
Ambani, Reliance Telecom chairman Satish Seth and Reliance Infratel chairperson Chhaya Virani, were present in the courtroom
RBI clears Yes Bank of divergence The Reserve Bank of India (RBI) has cleared Yes Bank of any disparity in reporting bad loans, known as
divergence in market parlance, the private-sector lender said late evening Wednesday
The banking regulator assesses compliance by banks with extant prudential norms on income recognition, asset classification and provisioning
(IRACP) as part of its supervisory processes
YES Bank has received the Risk Assessment Report for FY18 as an outcome of the IRACP process
POLICIES MOREDHFL on Wednesday said its CEO Harshil Mehta has decided to resign from his position with immediate effect
However, he would continue to be associated with the company and shall hold the designation of Executive President -Retail Business with
effect from February 14, 2019.R Venkataramanan, the managing trustee of the Tata Trusts, a string of non-profits that own 66% of the
diversified Tata Sons, has resigned
Venkataramanan's Rs 2.66-crore annual compensation has been under the income tax scanner and led it to withdraw tax exemption to the Sir
Dorabji Tata Trust-the largest of all the trusts--in December 2018
Both bank credit as well as deposits growth marginally declined on a fortnightly basis, clipping at 14.5% at Rs 94.29 lakh crore deposits
grew at a tepid 9.63% to Rs 121.22 lakh crore for the fortnight ending February 1, according to the latest RBI data.TOP VIDEOTop sectors
Gautam Shroff is bullish onTOP QUOTE'Either you make money or you make a lot of money, but I want to move volume'FUNDAMENTALSRupee down:
Snapping its six-day winning run, the rupee Wednesday settled 10 paise lower at 70.80 against the US dollar amid rising crude prices and
heavy foreign fund outflows
10-yr bond yields down: India 10-year bonds' yields fell 0.07% to 7.47% on Wednesday from 7.54% in the previous trading session, according
to RBI data.
Call rate: The overnight call money rate weighted average was 6.27% on Wednesday, according to RBI data
It moved in a range of 4.80-6.45%.
