Nirmal Jain, Chairman, IIFL Group

Target of Rs 1.75 lakh crore for FY 2022 in Budget is quite conservative and can be very well overachieved.

Opportune time to fund economy through sovereign bond issue

Business Standard

Markets are poised for excellent growth, provided reforms continue to roll

Markets should recover in the next 1-2 quarters

<I>Bhagavad Gita</I> is the most influential book Ive ever read. It operates at multiple levels and imparts wholesome learning about human life in general. The book teaches one to do ones duty

The book that inspired me

The premiums the process demands will preclude the basic objective of financial inclusion - so will limiting the number of new banks

Can't auction, don't ration either

The Indian retail investor is getting poorer. This is not good news. But the evidence is irrefutable. It is in the latest RBI report. It says that only about 1.4 per cent of retail assets are in

Nirmal Jain: How to get poorer

The revived fortunes of the Indian stock market since September 2012 is likely to witness an extended run. Already, 2013 has commenced on a high with $4 billion net foreign institutional investor (FII) investments in January. A couple of surprises have added to the cheer. One, Infosys has marked a festive start to the corporate results season with robust Q3 numbers.

The market undertone is bullish

While the GDP growth for the March quarter has been a pleasant relief for investors, the question that still lurks in the mind would be, is it sustainable? The good news in the Q4 GDP report is the strength in private consumption at 14 per cent growth in nominal terms, despite the drought and the revival in the investment cycle with 25 per cent growth in nominal terms.

Long-term investors can invest in equities now

The near-term outlook for the capital markets has turned distinctly positive. The turnaround in sentiment was triggered by the pleasant surprise in the form of bold reforms, such as substantial hike in diesel prices and allowance of foreign direct investment (FDI) in certain sectors. Sceptics can argue that cut in diesel prices may not be adequate to contain the fiscal deficit nor FDI policy will fetch foreign capital in the near future.

Outlook positive, but stay defensive 

After an unexpected bull-run in the first two months of 2012, there was a spate of negative news for the markets &mdash; miserable performance by the Congress in the UP state elections, a Budget that was a damp squib and crude oil prices that remain stubbornly high. Understandably, bulls are down, but I do think that they are out.

Bulls are down but not out

Iranian authorities have arrested a female singer who performed a virtual concert on YouTube, a lawyer said.
Milad Panahipour, an Iranian lawyer, said Parastoo Ahmady, 27, was arrested in Sari City, capital of the northern province of Mazandaran, on Saturday.
On Thursday, the judiciary had filed a case regarding Ahmady's concert performance, in which she performed wearing a long black sleeveless and collarless dress, but no hijab. She was accompanied by four male musicians.
Ahmady had posted her concert on YouTube the day before, saying: I am Parastoo, a girl who wants to sing for the people I love. This is a right I could not ignore; singing for the land I love passionately.
The online concert has been viewed more than 1.4 million times.
Panahipour told The Associated Press: Unfortunately, we do not know the charges against Ms Ahmady, who arrested her, or her place of detention, but we will follow up on the matter through legal authorities.
He also said two musicians in Ahmady's

Iranian singer, Milad Panahipour

The Centre has approved a new subsidised helicopter route connecting Jammu-Poonch-Mendhar with an additional option of Jammu-Mendhar-Jammu route, an official said.
The decision follows a proposal submitted by Jammu and Kashmir Civil Aviation Department secretary Mohammad Aijaz Asad for connecting the remote area of Mendhar directly with the winter capital Jammu, the official said.
Subsidised helicopter services are already operational in several parts of Jammu and Kashmir, including Kishtwar-Sounder-Navapachi-Ishan-Kishtwar, Jammu-Rajouri-Poonch-Jammu, Jammu-Doda-Kishtwar-Jammu, Bandipora-Kanzalwan- Dawar-Niri-Bandipora, and Kupwara-Machil-Tangdhar-Keran-Kupwara.
Quoting a communication from the Ministry of Home Affairs, the official said it has given its approval to the proposal to operate the subsidised helicopter services on the new route of Jammu-Poonch-Mendhar with an additional option of Jammu-Mendhar-Jammu.
The Union Territory has been advised to claim the subsidy from the .

helicopter

The new head of security arrived at Damascus' international airport with his men, a bearded fighter who marched with other rebels across Syria to the capital. The few maintenance staff who showed up for work huddled around Maj Hamza al-Ahmed, eager for answers about what happens next.
They unloaded all their complaints, pent up for years during the rule of President Bashar Assad, which now, inconceivably, is over.
They told him they were denied promotions and perks funneled to pro-Assad favorites, that bosses threatened them with prison for working too slowly. They warned him of hardcore Assad supporters among the airport staff, ready to return whenever the facility reopens.
As al-Ahmed tried to reassure them, Osama Najm, an engineer, confessed: This is the first time we talk.
This was the first week of Syria's transformation after Assad's unexpected fall.
Rebels, suddenly in charge, met a population bursting with emotions: excitement at new freedoms; grief over years of repressio

Syria, Syrian Rebels

Tata Steel has initiated discussions with state-run miners NMDC and Odisha Mining Corporation (OMC) to secure future iron ore supplies as the company ramps up its domestic steel manufacturing capacity.
Tata Steel will also operationalise two new iron mines namely Kalamang West and Gandalpada as part of its strategy to ensure raw material security, the company's Vice President, Raw Material, D B Sundara Ramam told PTI.
At present, Tata Steel meets its entire demand for iron ore, a key raw material used for manufacturing steel, from six iron ore mines operated by the company in Odisha and Jharkhand.
Ramam said raw material plan has been carved out as leases of four mines  -- Noamundi iron ore mine (being operated since 1925), Katamati and Khondbond (since 1933) and Joda East (1956) --  are expiring in March 2030.
While two other mines NINL (Mithirda) and Vijay II will continue to remain operational. The mines came along acquisition of NINL plant and Usha Martin's steel business, he .

Tata Steel, Tata

The conditions were tough, and Smith faced a testing spell of bowling from India's bowlers, but he weathered the storm

Steve Smith

The Reserve Bank of India (RBI) has enhanced the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025, a move aimed at supporting small and marginal farmers amid rising input costs.
The new directive instructs banks nationwide to waive collateral and margin requirements for agricultural and allied activity loans up to Rs 2 lakh per borrower.
According to the agriculture ministry, the decision comes in response to the rising input costs and the need to improve credit accessibility for farmers. "This measure will significantly benefit over 86 per cent of farmers who are small and marginal landholders," the statement said.
Banks have been instructed to implement the guidelines swiftly and ensure widespread awareness about the new loan provisions.
The move is expected to facilitate easier access to Kisan Credit Card (KCC) loans and complement the government's Modified Interest Subvention Scheme, which offers loans up to Rs 3 lakh at a 4 per ce

RBI, Reserve Bank of India

Prime Minister Narendra Modi on Saturday proposed 11 resolutions which include upholding existing reservations for marginalised sections but  strongly opposing any religion-based quota.
Replying to a two-day debate in Lok Sabha on the 'Glorious Journey of 75 Years of  the Constitution of India', Modi said the Constituent Assembly had decided against religion-based reservations after a thorough discussion, and alleged the Congress is now promising it to appease its vote bank.
The 11 resolutions proposed by Modi towards the end of his over 110-minute speech also included a call for an end to dynastic politics, promoting meritocracy over nepotism in governance and a pledge for having zero tolerance to corruption.
The prime minister said these resolutions are aimed at shaping India's future.
But Congress leader Priyanka Gandhi Vadra and Samajwadi Party leader Akhilesh Yadav termed the 11 resolutions "hollow and fake promises."
"Today, we heard resolution of 11 'jumlas'. Doubling the .

Modi, Narendra Modi

The Bengaluru police arrested Nikita Singhania from Gurugram while her mother and brother were arrested from Prayagraj in Uttar Pradesh

Nikita Singhania arrest

One Nation, One Election bill, has sparked significant debate, particularly from Opposition leaders about the feasibility of holding Lok Sabha and state Assembly elections within the same year

election

The US Fed interest rate decision, inflation data and FIIs are the key factors that are expected to drive stock markets this week,  analysts said.
Also, global trends will also be tracked by investors for further cues, they added.
"The Indian stock market's future trajectory will be influenced by a blend of global and domestic factors. Global trends, particularly the performance of US markets and the Fed's monetary policy decision, will play a significant role. Additionally, domestic economic indicators like inflation, will shape the market sentiment," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said.
The flow of foreign and domestic institutional investments will also be a key driver, he said.
Gour further said the rupee's exchange rate and crude oil prices will be critical determinants of market direction.
From the domestic macroeconomic data announcement, WPI inflation will be in focus on Monday.
"The key focus will be on the US Federal Reserve meeting, wh

Market, Stock market, NSE, National Stock Exchange

As many as 1.78 lakh people are killed in road accidents annually in the country and 60 per cent of the victims are in the age group of 18-34 years, Road Transport and Highways Minister Nitin Gadkari informed the Lok Sabha on Thursday.
He lamented that people do not fear the law and many drive two-wheelers without helmets and some jump the red signal.
"One unfortunate fact is that of the 1.78 lakh people dying in road accidents, 60 per cent are in the age group of 18 to 34 years. Still there is no fear of law. Some do not wear helmets, some jump red signal," he said during the Question Hour, adding that it was a "strange" situation.
Responding to supplementaries, he said while Uttar Pradesh leads in deaths due to road accidents, in cities, Delhi tops the chart in such deaths.
In Uttar Pradesh, over 23,000 people or 13.7 per cent of the total deaths are due to road accidents followed by Tamil Nadu with over 18,000 (10.6 per cent) deaths.
In Maharashtra, the figure stands at over 15

Parliament, New Parliament

Hindustan Coca-Cola Beverages transfers operations as part of asset-light strategy; Moon Beverages handles Coca-Cola operations in several key regions

Bottles of Coca Cola are seen in a store display in New York

This will be Donald Trump's first time ringing the NYSE bell, and his second 'Person of the Year' title, following his 2016 recognition

Donald Trump, Trump

An anchor lock-in refers to the mandatory period during which anchor investors are restricted from selling the shares they purchase in an Initial Public Offering (IPO)

Stock Market, Market, Crash, Funds, up, Stock, Gain, Lost, decline, statistic, Crisis, Capital, BSE, NSE

The new funds will be used to expand its partnership with more shopping portals, grow its merchant network, and expand its balance sheet

Snapmint Founders

A Bangladesh delegation is likely to attend the Vijay Diwas celebrations in Kolkata on December 16, which marks the Indian Armed Forces' historic victory over Pakistan in the 1971 war, Defence sources said on Thursday.
'Mukti Jodhas' may also take part in the celebrations, they said.
A Bangladesh delegation, comprising 'Mukti Jodhas', who were part of the guerrilla resistance force in East Pakistan opposing the Pakistan rule there, and serving officers of the Bangladesh Armed Forces, attend the Vijay Diwas celebrations held by the Indian Army's Eastern Command every year in Kolkata.
The Defence sources, while saying that a Bangladesh delegation is likely to attend the celebrations on December 16, however, did not give details of the size of the delegation.
The Army's eastern Command, which is headquartered at Fort William here, will hold a series of programmes on Vijay Diwas to mark the historic victory of the Indian Armed Forces in the 1971 war against Pakistan, a senior ...

Prime Minister Narendra Modi in Drass to take part in an event on the 25th anniversary of  Kargil Vijay Diwas	Photo: PTI

At just 18 years old, Gukesh's triumph marks a historic milestone in chess, making him the youngest player to ever claim the World Chess Championship title.

D Gukesh, Gukesh

Places of Worship Act case: Supreme Court has given the central government four weeks to file its reply to the various pleas

Supreme Court, SC

Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties.
He said that this year also India will be the world's fastest growing economy.
"We had an election in the first quarter and during the election, obviously policy making and decisions on next steps of growth or infrastructure spending does slow down and there is a lag effect.
"But from what the initial numbers for this quarter, the third quarter show, the festive spending, the rebound in rural growth, the way banks are now seeing traction back again, the way infrastructure spending has come back on track, I think by the time we close the year in March, we will be back on track," Goyal said at Times Network's India Economic Conclave here.
The minister was replying to a question whether the 5.4 per cent GDP growth in the July-September quarter of this fiscal worries him.
The latest government data showed ..

Nirmal Jain

Nirmal Jain

Nirmal Jain

Opportune time to fund economy through sovereign bond issue

Markets should recover in the next 1-2 quarters

The book that inspired me

Can't auction, don't ration either

Nirmal Jain: How to get poorer

The market undertone is bullish

Long-term investors can invest in equities now

Outlook positive, but stay defensive

Bulls are down but not out

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Iranian singer arrested for not wearing hijab while performing online

Govt approves subsidised helicopter service for Jammu-Mendhar route in J-K

New Syria: Rebels try to bring normalcy while Syrians vow to speak up

Tata Steel engages with NMDC, OMC to secure iron ore needs for future

IND vs AUS: Steve Smith returns with 33rd Test century against India

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RBI raises collateral-free agricultural loan limit to Rs 2L to aid farmers

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One Nation, One Election bill to be introduced in Parl: What we know so far

Mkts to be guided by US Fed rate decision, WPI inflation, trends: Analysts