Indian budget

'We are expecting lower levels in the week beginning March 1.' Sameet Chavan , chief analyst and technical and derivatives, at Angel Broking, looks at the levels to watch out for in the week beginning March 1. "Fridays selloff was a bit unexpected, but you must know that the markets correct the sharpest when it is least expected by the masses," Chavan tells Prsanna D Zore/ Rediff.com explaining how retail investors and day-traders get trapped by those with deep pockets. How do you think the markets will perform in the week ahead? Honestly speaking, at the start of the week beginning February 22, we were a bit cautious; we were expecting lower levels. But what happened during the week is we witnessed a sharp recovery in the midst of the week ( Wednesday, February 24, the day NSE witnessed a glitch and trading was halted from 11.40 am ; the Nifty jumped 1.86 per cent or 274 points that day ). While this did dent our cautious stance, we were keeping a close ... » Learn More about Is Nifty headed towards 14,000 this week?

''You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' Illustration: Dominic Xavier/ Rediff.com Rusmik Oza , executive vice president, head of fundamental research, Kotak Securities, explains why the Indian equity markets fell by almost four per cent across the board -- the 30-stock bellwether Sensex fell 3.8 per cent, the 50stock Nifty crashed 3.76 per cent and the most volatile of them all, the Nifty Bank tanked 4.78 per cent -- following cues from the panic set by a rise in interest rate yields in US bond markets. In this interview with Prasanna D Zore/ Rediff.com , Oza reveals a simple strategy that investors could follow to earn 20-25 returns in the markets and gives his top five picks for investors with one-year and three-to-five year investment horizon. "The markets are becoming good buy-on-dip markets. Between 13,000 and 14,000 would be a good place to accumulate. With this strategy the risk to reward ... » Learn More about How to invest in markets after Friday’s BLOODBATH

The last big Bollywood release was, in fact, on March 6, 2020. It's been a long wait, and one hopes that it starts raining blockbusters in theatres again. Until then, Joginder Tuteja looks at the biggest March releases in the last decade. Baaghi 3 , 2020 Box office collection: Rs 95 crore Tiger Shroff's Baaghi 3 arrived at the time when the pandemic scare was real, and that reflected in its opening. The Sajid Nadiadwala production had practically 10 days to collect at the box office, as it was pulled off screens on its second weekend when theatres shut. Still, it came close to entering the Rs 100 crore club. Kesari , 2019 Box office collection: Rs 154.41 crore 2019 was pretty much Akshay Kumar's year as he scored three double centuries with Mission Mangal, Housefull 4 and Good Newwz . But the year had started with Kesari which had gone past the Rs 150 crore mark. The Karan Johar production was a big hit. Interestingly, it ... » Learn More about The BIGGEST March releases

For Quick Alerts Subscribe Now Coronavirus: Planning to get vaccinated tomorrow, says Harsh Vardhan View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Harsh Vardhan Centre committed to strengthen connectivity, bring development in north-east region: Harsh Vardhan #Harsh Vardhan Dr Harsh Vardhan should say he is not endorsing Patanjali's Coronil, says Indian Medical Association #Harsh Vardhan IMA ''shocked'' over Patanjali’s claim on Coronil; demands explanation from Harsh Vardhan #Harsh Vardhan Harsh Vardhan appeals to healthcare, frontline workers to get vaccinated against COVID #Harsh Vardhan India stands on threshold of vaccinating each and every Indian against COVID-19: Vardhan #Harsh Vardhan About 18-19 vaccine candidates against COVID-19 in pipeline: Harsh Vardhan Just In 11 min ago Spectrum auctions underway; 2,251.25 megahertz ... » Learn More about ‘If someone dies 4 days or 10 days after inoculation, you can’t link it to vaccination’: Harsh Vardhan

For Quick Alerts Subscribe Now Coronavirus: Planning to get vaccinated tomorrow, says Harsh Vardhan View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts #Sensex Sensex tanks over 1,000 points in opening trade #Sensex NSE tech glitch resolved, resumes at 3.45 pm; Trading hours extended till 5 pm #Sensex Sensex and Nifty scale new highs ahead of RBI policy decision #Sensex Sensex zooms over 1,700 pts after Budget 2021; Nifty reclaims 14K #Sensex Sensex crash: Investors lose Rs 7 lakh crore as mutant virus spooks global markets #Sensex Sensex opens at record high, turns choppy in early trade Just In 12 min ago Spectrum auctions underway; 2,251.25 megahertz radiowaves valued at Rs 3.92 lakh cr up for bidding 21 min ago Inspired, humbled says Bharat Biotech after PM Modi gets vaccination 32 min ago Chhattisgarh Budget: ... » Learn More about Sensex surges over 500 pts in early trade; Nifty tops 14,680

After contracting for two quarters in a row, the Indian economy entered the positive territory with a growth of 0.4 per cent in the October-December quarter, mainly due to good performance by farm, services and construction sectors, official data showed on Friday. Illustration: Dominic Xavier/ Rediff.com Trade and hotel industry registered a contraction of 7.7 per cent during the third quarter this fiscal, as the sectors continued to suffer on account of coronavirus pandemic. According to the data released by the National Statistical Office (NSO), the farm sector recorded a growth of 3.9 per cent, and the manufacturing sector output grew by 1.6 per cent in the quarter under review. The construction sector advanced by 6.2 per cent, while electricity, gas, water supply and other utility services clocked a 7.3 per cent growth. The NSO said, "GDP at Constant (2011-12) Prices in Q3 of 2020-21 is estimated at Rs 36.22 lakh crore, as against Rs 36.08 lakh crore in Q3 of ... » Learn More about Economy shakes off Covid blues; records 0.4% growth in Q3

Prime Minister Narendra Modi on Wednesday made his strongest pitch for privatisation of non-strategic PSUs, saying the government has no business to be in business and sustaining loss-making units on taxpayers' money drains resources that could otherwise have been spent on public welfare schemes. Illustration: Dominic Xavier/ Rediff.com He said about 100 under-utilised or unutilised assets with public sector units (PSUs), such as those in the oil and gas and power sectors, will be monetised, creating Rs 2.5 lakh crore of investment opportunities. "It is government's duty to support enterprises and businesses. But it is not essential that it should own and run enterprises," the prime minister said at a webinar on the privatisation approach in the Budget for 2021-22. The private sector brings in investment, global best practices, top-quality managers, changes in management and modernisation, he said, adding the money generated from the stake sales will be routed to ... » Learn More about Govt has no business to be in business: Modi

The annual convening of China’s National People’s Congress (NPC), or Parliament, on March 5 will hear a proposal for the wider deployment of more advanced drones along border areas, with a legislator proposing the move in the wake of last year’s clash between Indian and Chinese troops along the Line of Actual Control (LAC). The proposal is being submitted by one of the People’s Liberation Army’s (PLA) representatives at the NPC, which is widely regarded as a ceremonial legislature that usually approves most of the proposals it receives. The Communist Party of China exercises control over all branches of state, including the legislature. The NPC convenes every year and approves policies, including an annual government work report that sets the policy agenda, as well as the defence budget for the military. Hou Yun, commander of a border defence regiment with the PLA Tibet Military Command who is among the military’s NPC delegates, told State media he will submit a proposal ... » Learn More about After LAC clash, China Parliament to mull expanded border drone use

By Avik Chattopadhyay The spark On February 1, 2021, after the budget presentation, on being asked by a television reporter why there was no mention of electric mobility , Nitin Gadkari, the Union Road Transport and Highways Minister, made an interesting remark. “The country needs to explore more self-sufficient and self-reliant methods of powering mobility to reduce our dependence on imports!” This was significant and one needs to read between the lines; especially if one couples the National Hydrogen Mission [NHM] that was announced by the Finance Minister. On February 8, the Ministry of New & Renewable Energy told the media that the draft of NHM will be ready in two months. Link this with the fact that Delhi inducted Hydrogen-CNG buses in its fleet in October 2020. Fast forward a few weeks, and on February 23, the Indian Auto LPG Coalition [the industry body of auto LPG stakeholders] impressed upon the government to promote a few alternative clean energy ... » Learn More about Opinion: ‘Atmanirbhar’ alternatives to electric mobility!

India was strong and resolute when it came to handling the border issue and dealt with it in an effective manner, External Affairs Minister S Jaishankar said on Friday in an apparent reference to the standoff between India and China. IMAGE: A Border Security Force soldier guards a highway as Indian army convoy makes way towards Leh, bordering China in Gagangir. Photograph: Yawar Nazir/Getty Images Similarly, India also dealt effectively with the COVID-19 pandemic and its economic impact by fashioning its own response after listening to everyone, he said at the inaugural session of the 'Asia Economic Dialogue' organised by the Pune International Centre. "Last year, we had three big developments which all impacted us nationally. They impacted the world as well -- one was COVID-19, the second was its economic impact and the third was the challenges that we found on our border which obviously had implications," the external affairs minister said. "In each of these cases, I ... » Learn More about We were resolute and strong: Jaishankar on border issue