Author: rajesh

Time to turn bullish on PSU banks after Cabinet clears Rs 30,600 crore-guarantee for bad bank?

With the cupboard giving the go-ahead to government guarantees for security receipts of Rs 30,600 crore, the non-performing asset (NPA) burden of state-run banks is predicted to ease, making PSU bank stock a beautiful buy, experts said. Experts said the choice on the so-called bad bank that came each day after a government extended a four-year moratorium on payment of dues by telecom players was […]

FOMC meeting and other global cues will dominate market next week

Indian markets are outperforming its global peers this year. Last week was especially a stellar one where Nifty and Sensex hit their fresh all-time highs of 17,793 and 59,737, respectively. Meanwhile, Bank Nifty completed its loose end to check its new all-time high. Relief package for the telecom sector, the announcement of a nasty bank, strong FII inflow and large short-covering were […]

Google Abused Android Dominance In India, Finds Antitrust Probe: Report

New Delhi: Google abused the dominant position of its Android OS in India, using its “huge financial muscle” to illegally hurt competitors, antitrust authority Competition Commission of India (CCI) found during a report on its two-year probe seen by Reuters. Alphabet Inc’s Google reduced “the ability and incentive of device manufacturers to develop and sell devices operating on alternative […]

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