Indian Financial Markets

Regulatory mishaps seem to dog the Indian financial markets permanently

One way out is to give constitutional status to regulatory agencies with systemic importance, like in the case of CAG, and CEC

'No need for concern over SBI, LIC exposures': Fin Secy on Adani stock rout

India's finance secretary, when asked about the Adani Group companies' stock rout, said there was no cause for concern for depositors, policyholders or investors in any nationalised banks or LIC

Adani stock plunge can hurt group's ability to raise debt, says Moody

Credit ratings agency Moody's warned on Friday that the recent sell-off in Adani group's shares after a short-seller's report could reduce the Indian conglomerate's ability to raise capital

Rajasthan govt approves Rs 100 cr to strengthen traffic management system

The Rajasthan government has approved an additional financial provision of Rs 100 crore for strengthening the traffic management system in the state. The Integrated Traffic Management System (ITMS) is being strengthened to prevent accidents and tackle the increasing traffic pressure on roads, according to an official statement. Chief Minister ashok Gehlot has approved an additional financial provision of Rs 100.99 crore for this purpose, it said. This system will play an important role in ensuring speedy action against traffic rule violators, according to a proposal. Road accidents due to over-speeding and overloaded vehicles will also be curbed with the strengthening of the ITMS, it said. Under the ITMS, several systems will also come into place and these include automatic traffic monitoring and violation detection system, speed violation detection system, red light violation system and CCTV surveillance system, the statement said. There will also be a traffic monitoring center

India's FY24 growth to dip to 5.5% from 6.8% in FY23, says HSBC economist

India's economy is expected to grow 5.5% in the next financial year, a notch below the expected potential rate of 6%, as growth momentum in the country was slowing gradually, an economist at HSBC said

Charging bulls or grappling bears? Stocks & sectors to buy and sell in 2023

Here's how leading brokerages and research houses expect 2023 to play out for the equity markets, and their sector preferences

FM Sitharaman lists climate finance, crypto regulation as key G-20 agenda

Nirmala Sitharaman says India will push for the voice of developing and low-income nations

Rupee ends at record low as rebound in crude deepens CAD, inflation worries

Settles at 78.0825 to the dollar as against 77.9800 at 3:30 p.m. on Monday. The previous record closing low for the domestic currency was 78.0700 on June 17

Adverse global events may lead to $100-bn portfolio outflows: RBI article

India's forex reserves, at $596 billion in the week ended June 10, equivalent to less than 10 months of imports projected for 2022-23

Best of BS Opinion: Strengthening IBC, happy stories for new year & more

Here is the best of Business Standard's opinion pieces for Wednesday

'Financial markets are not fully factoring in the risk of renewed lockdown'

We expect both core, but particularly headline inflation, to rise during 2021, yet this should be a temporary move only, say Rabobank economists

Banking on crisis management: Meet Gopinath, head of SEAC on bank licences

Ever-smiling, consciously low profile, and unfailingly polite, it is easy to mistake her for a family matriarch rather than a doyenne of high finance in India

India will not 'shut off' all cryptocurrency, wants blockchain: Sitharaman

Bitcoin, the world's biggest and earlier cryptocurrency, has crossed a record high of $60,000.

Regulation is key

Banning cryptocurrencies is a poor idea

Markets witness a roller-coaster ride in Oct; banking, realty stocks gain

The high-beta banking and realty stocks were among major gainers.

Market reforms: The unfinished agenda

It's time to address the root cause of the 1992 stock market scandal - a conflict of interest in RBI's many roles

Razorpay starts lending service for small businesses hit by Covid-19

The firm has launched a collateral-free line of credit, 'Cash Advance' for small businesses who can borrow working capital with a credit limit of Rs 50,000 to Rs 10 lakh, within 10 seconds

Flipkart aims to make life insurance more accessible to Indians

The Walmart-owned e-commerce firm has partnered with Aegon Life Insurance to offer paperless and quick-access life insurance policy

Best of BS Opinion: Financial market stress, policy after COVID-19 and more

Here's a selection of Business Standard Opinion pieces for the day

Tyagi and beyond: Tricky areas Sebi chief, successor will have to deal with

One of Sebi's key objectives is to protect investor interest and market integrity.