“Heavy-weight financials are expected to do well in the backdrop of report of Internal Working Group of RBI suggesting various changes including higher promoters’ ownership and issuing universal banking license to large conglomerates and NBFCs. … [Read more...] about Sensex rallies over 300 points in early trade; Nifty above 12,900
For one, it remained weak on services, especially in areas where India had a competitive advantage. But the breaking point was the absence of specific safeguards on imports from China. One circuit breaker was the steep rise in imports; another, because RCEP permits differential coverage of market access between countries, India wanted, but did not get, full assurance that China would not be able to take advantage of the higher coverage permitted to Association of South East Asian Nations (Asean) countries. And a third was adequate protection on tariff increases it had instituted on some products since the negotiations commenced, partly to remove anomalies such as levies on inputs being higher than those on finished goods. … [Read more...] about RCEP is a China club, best India stays out of it
Allu Arjun’s little munchkin Allu Arya is celebrating her 4th birthday on Saturday. On the special occasion, the superstar father wished his cute daughter in the morning with a special gift from a toy store and penned heart-warming wishes to her on social media. To make this day more special, Allu Arjun and his family have recreated the iconic title song from Mani Ratnam’s Anjali with Arha reprising baby Shamili’s antics. The 3-minute video is doing the rounds on social media with close to a million views. Meanwhile, the cake cutting session was held later in the day and Arha can be seen blowing off the candles with her brother Ayaan, mother and father by her side. All of them sported black outfits for the celebration and sharing the picture on his Instagram handle, the ‘Race Gurram’ actor posted these emojis“🎂 🦄 🖤” View this post on Instagram … [Read more...] about PHOTOS: Allu Arjun and Sneha Reddy celebrate Arha’s 4th birthday in style
The bank pointed to the increased likelihood of a vaccine being introduced in the coming months, as well as its outlook for higher 10-year Treasury yields, which hit the highest since March on the first Pfizer announcement. Over the weekend, the head of the U.S. federal government’s program to accelerate a vaccine said shots against Covid-19 will “hopefully” start in less than three weeks. … [Read more...] about Gold’s big question: Can the bull market outlive a pandemic?
The pending list comes after the Commerce Department expanded the definition of “military end user” in April. The April rule includes not only armed service and national police, but any person or entity that supports or contributes to the maintenance or production of military items -- even if their business is primarily non-military. … [Read more...] about In latest China jab, US drafts list of 89 firms with military ties