The road ahead for the coming mega banks

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THE ECONOMIC TIMES Wed, Sep 04, 2019 | 05:21 PM IST Daily Newsletter

India's economy suffers car crash, pain spreads to villages Nationwide, automakers, component manufacturers and dealers have laid off about 350,000 workers since the start of the year.

The road ahead for the coming mega banks The success or failure of the move will depend on the execution rather than the action itself....

Service activity slows in August, PMI declines to 52.4 The fall in services growth, alongside manufacturing growth at a 15-month low, pushed a composite index down to 52.6...

BSNL is seeking to cut its workforce to half on voluntary basis The cash-strapped company is waiting for the govt to approve its much-awaited voluntary retirement scheme.

Move over Lakme, Revlon; Sugar is here With an expansive product portfolio, competitive pricing, Sugar Cosmetics is capturing the mindshare of the millennials. The fintech-lending universe in charts Pinduoduo is closing in on Alibaba and JD.com

More From our Partners Can packaging become a full-scale data carrier & digital tool? Tetra Pak thinks so The future is now and it is digital!

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Where have all the working women gone? If Indian women had the same work participation rates as men, Oxfam estimates the GDP would rise by 43%. ...read more What social security code should look like »  Why demand for power is surging amid India's growth slowdown »

More From our Partners Phone bank scams you should avoid falling for The Internet can be a dangerous place. This is mostly due to scammers, who try to steal your money by getting hold of your personal data.

Next 2 months crucial for economy... Rajnish Kumar, Chairman, State Bank of India

Market Watch 4 Sep | 05:21PM| SENSEX NIFTY USD/INR GOLD 36724.74 ↑161.83 10844.65 ↑46.75 72.12 ↓-0.28 39399.00 ↓-281.00

MARKET NEWS

Sebi seeks clarification from IndiGo on Gangwal's latest letter Gangwal has complained to Sebi against certain statements made by the chairman and CEO of the airline company Rahul B...

Prashant Jain says slowing white-collar wage growth behind demand slowdown Indian economy has been through its longest growth slump since 2012....

Gainers Losers 4 Sep, 2019, 05:21PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Gujarat Alkalies & Chemicals 421.00 7.25 14755 426.0 398.2 Steel Authority of India 32.25 5.91 2060896 32.55 30.15 Bharat Electronics 106.55 5.60 1021326 107.05 101.65 LALPATHLAB 1251.20 5.49 11503 1274.35 1198.55 Sterlite Technologies 116.90 5.41 214203 119.2 108.05

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FROM THE NEWSPAPER

Govt wants auditors to reveal everything The govt is set to notify a new form that will require auditors to file all key findings about companies....

Sterling bankruptcy case sets new precedent The company's promoters, Chetan Sandesara and Nitin Sandesara, are absconding and believed to be in Africa....

Brands to offer retailers record festive margins Brands usually pass on 2-3 percentage points of extra margin in the period between Navratri and Diwali. This year it'...

Why petrol and diesel prices aren't falling Petrol, diesel rates in Delhi have gained Rs 1.57/litre and Rs 0.98/litre, respectively, between July 1 and Sept 3. ...

I Squared Cap, NIIF among 14 bidders for IL&FS road assets Edelweiss, Cube Highways also make offers for Rs 20,000-crore assets spread across seven states....

VIDEOS

Azhar, Saeed, Dawood, Lakhvi in UAPA list Sensex jumps 162 pts, Nifty tops 10,800 Russia, India don't interfere in internal matters Roadblock in India-Pak talks on Kartarpur More Videos

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In Search of Siddhas and My Experiences With Kodi Swami

In Hinduism, a siddha is one who is accomplished. It refers to a perfected master who has achieved a high degree of physical as well as spiritual perfection or enlightenment.

Important: Please add news@indiadivine.org to your contacts list or our emails will be sent to your spam folder and you won't see them. If you are not interested in receiving these newsletters you may unsubscribe here, or simply reply with "unsubscribe" in the subject. In Search of Siddhas and My Experiences With Kodi Swami In Hinduism, a siddha is 'one who is accomplished'. It refers to a perfected master who has achieved a high degree of physical as well as spiritual perfection or enlightenment. Siddha may also refer to one who has attained a siddhi, paranormal capabilities. In my life, I came across not one but three siddhas – the 'Kodi Swami' from Puravipalayam near Pollachi, Coimbatore, the 'Sinchuvadi Swami' from Sinchuvadi village near Udumalpet, and 'Yogi Ram Surat Kumar' from Thiruvannamalai.   This newsletter is sent to 316,073 subscribers. To subscribe: Subscribe To unsubscribe: Unsubscribe

RJ among slowdown victims | What triggered Terrible Tuesday | Will bigger banks be better?

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DAILY BRIEF Tue, Sep 03, 2019 #Q1Results#SmallcapHunters#IPOs#ExpertViews#StockRecos SENSEX 36562.91 -769.88 NIFTY 50 10797.90 -225.35 Gold 39583.00 496.00 USD/INR 72.39 0.97

TOP OF THE DAY 'Watch' out! GDP slowdown has Jhunjhunwala among its victims Titan, the crown jewel of Big Bull's portfolio, tanked 3% after the co cut its FY20 guidance. It is not the size, it is the nimbleness that matters: Nilesh Shah IDBI zooms 8%; PSBs fall up to 12%; investors lose Rs 2.50L cr Terrible Tuesday: Why Sensex tanked 770 points Smell & run! Why stop loss is like 'animal spirits' in stock investing Stocks that may still break even come hell or high water Tech View: Nifty forms bearish candle, may test swing low of 10,637

Top Gainers NSE 1 company (largecap) appreciated more than 5% IDBI Bank 7.28% More from Gainers Top Losers NSE 4 companies (largecap) price decreased more than -5% Canara Bank -10.70% PNB -8.47% More from Losers 52 Week High NSE 12 companies touched new 52-week high today Metropolis Healthcare Ltd. 4.35% HDFC Asset Management Company Ltd. 3.92% More from 52 Week High

AdvertorialPenalty you will pay for missing ITR filing deadline and who won't have to pay If you file your return after midnight of Aug 31, then you are liable to pay a late fee of upto Rs 10,000. AdvertorialGen 5 Fossil Touchscreen Smartwatch comes with Google Assistant, multi-day battery life The inbuilt speaker allows the wearer to answer phone calls right from the wrist.

Rupee crashes 99 paise to 72.39 on dismal GDP data Foreign investors offloaded a net amount of Rs 5,920 crore from the capital markets in August. Nifty50 resistance shifts lower; next key support at 10,650 level LIC, govt to infuse over Rs 9,000 crore into IDBI Bank NPAs may come down to Rs 9.1 lakh crore by March 2020

Market moguls Podcast Video Expecting too much, too quickly! PSU banks told to regroup, revive & deliver at the same time ETMarkets Evening Podcast: What's next for Dalal Street after 770-pt fall? Sensex tanks 770 pts, Nifty ends at 10,798; PSU banks plunge up to 12%

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Adrian Mowat joins CLSA as chief strategist Mowat is an emerging market equity specialist with 30 years of combined buy and sell side experience. Why Hemang Jani continues to remain negative on PSU banks Bonds rally, rupee falls as weak GDP spurs rate cut bets Unless we breach 11,200 on Nifty, we will remain in bear grip: Atul Suri

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