PM Modi has announced an ex-gratia of Rs 2 lakh for the kin of deceased. West Bengal CM Suvendu Adhikari has ordered a probe into the incident. Disaster management personnel have been deployed at the site.
Indonesia's stock market plunged 11.57% after MSCI proposed a downgrade to standalone-market status, raising concerns about FIIs outflows. The sell-off has revived comparisons with markets such as Japan, China and India that endured prolonged recoveries.
Eyewitnesses recounted scenes of panic as people struggled to move through congested passageways, with several fainting in the crush. The incident took place at the Chor Bagan pandal.
HDFC Bank expects margins to improve from the December quarter as repricing of floating-rate loans begins to offset the full-quarter impact of FCNR(B) funding costs.
ICICI Securities has maintained its Buy ratings on Bajaj Consumer Care and Fedbank Financial Services following their september-quarter earnings, citing healthy business growth and improving profitability.
A child's education ten years away, a home purchase in five years and retirement two decades away are all financial goals, but with different timelines and risk considerations. Treating them alike just because they are all labelled investments can mean losing sight of the larger purpose.
