Challenges banking sector

Sameet ChavanThe last week started on a weaker note as the benchmark indices continued their previous week’s corrective phase while broader markets, too, witnessed some sell-off in an initial couple of trading sessions.Close However, on December 11, Nifty rallied sharply in the last hour of trade post forming a low of 11,832. This reversal was then followed by a consecutive gap up openings on the last two sessions and the index rallied higher to end the week well above the 12,000-mark. related news Early on D-Street | Further upside likely; Nifty may touch 12,150-12,200 during the week Telecom tariff hike: Is it sustainable? Strong bullish bias to continue; bet on these 3 stocks with 11-15% upside Nifty again took support in the range of 11,850-11,800 and resumed its higher degree uptrend. We remained optimistic on the markets in the recent corrective phase. The strategy of ‘buy on dips’ has certainly worked quite well in the last few months.Now, if we look … [Read more...] about Hot stocks: Uptrend may continue; these 2 stocks may give healthy returns in 3-4 weeks

2019 is all set to witness key events in the political sphere, including the all-important general elections, legislative assembly elections in multiple states and forging of alliances that are likely to have a bearing on India for years to come.Politics in 2019 will continue to revolve around the elections. Here are the key events lined up over the next 12 months:Lok Sabha pollsClose The general election, pegged as the largest election exercise in history, is expected to happen in April-May. The Election Commission (EC) is likely to declare the dates for the same in early March, thus imposing the Model Code of Conduct. related news Delhi court to pronounce verdict in Unnao rape case against Kuldeep Sengar today Citizenship Act protest: Detained Jamia students released by police Jharkhand Election Voting LIVE: Polling underway in 15 constituencies Prime Minister Narendra Modi-led Bharatiya Janata Party (BJP) is aiming to retain power along with its National Democratic … [Read more...] about Stage set for battle royale: 2019 to witness Lok Sabha, simultaneous assembly polls

The Congress will announce a loan waiver for the poor and farmers in the state if voted to power, Haryana Congress chief Kumari Selja has said. In an interview to PTI, she said the Congress would not announce its chief ministerial candidate ahead of the elections and the same would be decided by the party high command after the polls.The state Congress chief said the loan waiver promise would be part of the manifesto for the October 21 Haryana assembly polls and the document would be unveiled soon.The Haryana Congress manifesto committee had submitted its report and final touches were being given to it, she said.Close "When our government comes to power, we will waive loans of the poor, especially people who take small loans. We are also going to write off the loans of farmers who are being pushed to a corner and are suffering under the BJP government," she told PTI. related news Delhi court to pronounce verdict in Unnao rape case against Kuldeep Sengar today Citizenship Act … [Read more...] about Haryana Assembly Polls: Congress will waive farm loans if voted to power, says Kumari Selja

Maharashtra Chief Minister Uddhav Thackeray on Sunday criticised former ally BJP over allowing persecuted minorities into India under the new citizenship law, saying it is an "insult" to V D Savarkar who sought to bring land from the Sindhu river to Kanyakumari under "one country".Addressing a press conference on the eve of the winter session of the state legislature, Thackeray said that issues like citizenship amendment act (CAA) were being raised to "divert attention" of the people from real issues like "lack of security to women, unemployment and a farm crisis".He said the CAA is against the principles of Savarkar- a proponent of Hindu rashtravad (nationalism) who is revered by the Sangh Parivar.Close "Savarkar had demanded bringing land from the Sindhu river to Kanyakumari under one country. Instead of doing that, the BJP-led Central government is simply accepting persecuted minorities into India by defying Savarkar, which is an insult to him," said Thackeray who heads the Shiv … [Read more...] about New citizenship law insult to Savarkar’s views: Maharashtra CM Uddhav Thackeray to BJP