Experts blame the Covid wave for the decline in April; redemptions come down
RECs piled up till March-end due to a halt in trading
March historically a good month for savings products across categories, for reasons such as tax incentives
Abhishek Ganguly, MD, Puma India and Southeast Asia, talks to Dhruv Munjal about the partnership, how the company has dealt with the pandemic, and why it continues to be the dominant force in India
Within Asia Pacific (ex-Japan), Credit Suisse is now biased towards second-phase Covid recovery markets-Korea, India, Australia, Singapore, and Hong Kong
Robust domestic demand, reducing dependence of global peers on China drive earnings outlook
It was the biggest single-day fall for the benchmark indices since September 24 and fifth-biggest decline in this financial year.
Ram said that revival is taking place from a 70-80 per cent decline in demand from the peak level during the lockdown period
Toyota said it remains deeply committed to the Indian market, refuting once again the claims by a senior company official earlier that it would stop further expansion in India over high taxes
'India accounts for a mere $3 trillion of economic activity in a world with nearly $80 trillion of activity'
Morgan Stanley is likely to be appointed the lead banker to manage the overseas listing, while Bank of America Merrill Lynch and Citibank may also be roped in for the IPO, another source informed.
Today, a total of 11 companies, including Nestle, Havells, and Bandhan Bank are scheduled to announce their March quarter results
Here's a selection of Business Standard Opinion pieces for the day
Delay in repayment carries a stiff penalty
With net inflows of Rs 5,868 crore from domestic investors, leading indices closed with gains of over 4%
Investors who picked companies with strong business franchises in the year 2008 or 2012 have seen a multi-fold jump in their portfolio values
As manufacturing in China recovers, so will the demand for raw materials
Over the last 12 months, MSCI India has remained flat, while MSCI EM has slid 1.5%
Brent crude was trading at $46.36/barrel (down 7.84 per cent) at 11.46 pm IST.
Traders gain 40-44% as markets give up gains in 2nd half