[ad_1] Key note address delivered by Christopher Wood, equity strategist, CLSA, in his first public appearance in India, at the ET Now Market Summit-2010. Excerpts: Hello everybody and thank you for asking me. I will be running through some charts which were still first with the situation in the West. Then I will move on to charts on Asia and India. So I get the bad news out of way first. But this seems to be the wrong way around. So I am getting from back to front here. (…
Tag: India
Top banks of India, Russia to work on payment system this week
[ad_1] Reserve Bank Officials India ,reserve Bank of India) and Bank of Russia People familiar with the matter told ET that the two countries are set to meet this week to finalize a bilateral payment system to ensure smooth trade flows without violating global sanctions. Russia is facing more stringent sanctions after it invaded Ukraine in late February. Loro ya. The two sides will meet to discuss payment solutions such as nostro accounts, The first is a third-party account, where one bank maintains an account for another bank in a…
Market may trade in a range, but FIIs are seen selling in India
[ad_1] New Delhi: In the absence of any major trigger on the domestic or global front, say analysts, Dalal Street is expected to see range-bound trading this week. “Although Market As per broking house ICICI Direct, it is going up, looks like it is running out of steam as the indices are still moving in a firm range. “In terms of valuations and also from the angle of risk-return trade-off, the domestic market looks slightly weaker and is likely to see some downside correction in the short term,” it adds.…
India rejects text on fisheries subsidy talks at WTO meeting
[ad_1] Rejecting the current lesson on fisheries subsidy talks, India said on Tuesday world trade organization Members engaged in distant water fishing should stop providing any subsidy for 25 years as they provide very high support measures and are exploiting indiscriminately Fisheries Resource. For each fisherman family, India gives a subsidy of barely USD 15 a year. On the other hand, there are countries which give up to USD 42,000, USD 65,000 and USD 75,000 to a fisherman’s family. “It is the extent of inequality that has been sought to…
India: Millennials hunting returns drive risk-hungry investments in India
[ad_1] An impatient Indian investor class, mainly driven by millenniumis making the leap from peer-to-peer lending to cryptocurrencies to riskier investments in hopes of boosting returns, shaken by one of the worst inflation rates in Asia. Massive numbers of individuals pouring money into new and lightly controlled assets India Moreover, the pandemic followed the rise of retail investors globally and made many aware of the potential for major losses. Others have been lucky and won while running to buy the first car or apartment. In Mumbai, 28-year-old Prateek Vora, who…
Cairn India hits record high on BSE amid stake sale talks
[ad_1] Mumbai: Shares of Cairn India Limited rose 5 per cent to a record high of Rs 358 on Friday. BSE between the news Vedanta Resources UK-based Cairn is in talks to buy a majority stake in a subsidiary of Energy. Shares, which were flat for most of the session, shot up in the last hour of trading on Bombay inventory The exchange closed at Rs 355.45 with a net gain of 4.36 per cent. Analysts said the stock jumped from reports that Vedanta is in talks with its parent…
Documents reveal contents of first telegraph message between India and England
[ad_1] porthcurno (England): Newly discovered documents have revealed the first telegraph messages and joy when England India was first linked on June 23, 1870, painstakingly under the sea via thousands of km of cables, reducing the time from months to minutes. The Sylvan Porthcarno Valley in Cornwall, located on the Atlantic coast 506 km south-west of London, was an unlikely revolution that enabled Britain and its former colonies to communicate with each other. Museum officials told a PTI correspondent that Porthcarno was a center of international cable communication from 1870…
India Meteorological Department will use dynamic model for forecasting
[ad_1] Pune: Statistical Models Used by India Meteorological Department (IMD) failed to predict all three dried in India in the last decade. Although statistical models will still be used for forecasting the monsoon, the ministry Earth Science Emphasis is placed on dynamic model. M Rajeevan of National Atmospheric Research Laboratory “The failure to predict the 2009 drought has raised a number of serious issues. On the other hand, state-of-the-art coupled ocean atmospheric models have better skills in predicting the inter-annual variability of Indian summer monsoon rainfall,” said Dr. He was…
Time for government, companies to adopt artificial intelligence: Deloitte India
[ad_1] The Deloitte CEO said technology is critical to India’s aspirations in any of these sectors – be it manufacturing, banking, services or agriculture. essence “Indian companies need to re-skill, train and acquire more relevant talent to successfully integrate AI technologies. Most importantly, they should be willing to invest continuously. It is a tough race in which there will be winners and losers,” said Deloitte India CEO N Venkataram. MUMBAI: Among Indian companies grappling with the Covid-19 disruption, there is a growing realization and acceptance that artificial intelligence (AI) is…
Twitter’s India policy chief Mahima Kaul to step down; Infection will happen in March
[ad_1] New Delhi: TwitterThe Director of Public Policy for India and South Asia has resigned to pursue other interests, the micro-blogging site confirmed in a statement. The company also advertised a position for Director of Public Policy – India last week. This comes as the San-Francisco-based firm is reacting to the issue of blocking and unblocking of certain tweeting handles by the Indian government. peasant protest, Sources said the executive – who continues to lead talks with the government – Mahima Kaul’s step down is not related to the recent…