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10% upside or 20% downside? Here are the projections for result day market swing

Finance
NEW DELHI: Even if the election outcome on May 23 delivers shock verdict, Dalal Street is unlikely to swing more than 10 per cent. Analysts say the market has already witnessed severe battering from non-political factors like adverse global cues and mixed March quarter earnings and valuations have come off quite a bit. “I do not think there is any optimism left. People are cautious; they are suffering because of economic pain. The approach should be to get the house in order rather to going overboard with optimism,” Ravi Dharamshi, CIO, ValueQuest Investment Advisors, told ETNow. In May alone, the market has taken a major hit following the April losses. Indian market been one of the top losers among major emerging markets so far in May amid renewed concerns over the US-China trade war. Agg
View: Yes, bank on things being worse than they look

View: Yes, bank on things being worse than they look

Finance
by Andy MukherjeeIt’s no secret that India’s banking regulator hates having its officials sit on the boards of state-run lenders. The practice exposes the Reserve Bank of India to all kinds of potential conflicts it would rather avoid. So when the RBI used its special powers to appoint a former deputy governor as a director of Yes Bank Ltd., a non-state lender, it sent a powerful signal: The bank’s troubles run deeper than investors believe, and a cleanup will probably be harder. The eventual solution may be to let the country’s 10th-largest bank by market value get swallowed by a bigger balance sheet. Yes Bank’s problems started two years ago, when the regulator forced it to disclose that nonperforming loans were $ 630 million more than the $ 113 million reported in the company’s audited
Here’s why Sens. Schumer and Sanders are wrong on stock buybacks

Here’s why Sens. Schumer and Sanders are wrong on stock buybacks

Finance
Sen. Bernie Sanders (L) (I-Vermont) and Sen. Chuck Schumer (R) (D-New York).Win McNamee | Getty Images News | Getty ImagesIn an op-ed in The New York Times on corporate stock buybacks, Senate minority leader Chuck Schumer (D-New York) and Sen. Bernie Sanders (I-Vermont) claim that "stock buybacks don't benefit the vast majority of Americans" and "nearly 85% of all stocks owned by Americans belong to the wealthiest 10% of Americans."The senators reference the $ 4 trillion of share buybacks completed from 2008 to 2017 by 466 of the S&P 500 companies. It is important to understand that this very large amount of cash did not vaporize, nor did it benefit just a small handful of people. Rather, it was used to positively impact the U.S. economy overall.An "Economics 101" class teaches us ab...
Energy-saving solutions let homeowners cut costs while helping the environment

Energy-saving solutions let homeowners cut costs while helping the environment

Finance
Sprinklers water the lawns of a housing development in Hesperia, California. (Photo by David McNew/Getty Images)David McNew | Getty Images News | Getty ImagesYou probably have a rough idea of how much energy and water your home uses, based on your utility bills.But new technologies aim to turn the tables, letting you see just how much in resources you are using in advance of those bills so that your bottom line is lower. And that goes for everything from everyday appliances to your sprinkler system.If you want to get smart about your home's energy efficiency, perhaps it's time to upgrade.Making smart upgrades in a home — electricity, water usage, heating and air-conditioning — could save a homeowner from 5% to 30% on annual utility bills, according to energy.gov.There are a variety of in-h
Paytm launches credit card in partnership with Citigroup

Paytm launches credit card in partnership with Citigroup

Finance
MUMBAI: India's top digital payments firm Paytm on Tuesday launched a credit card with Citigroup, widening its financial product base while giving its banking partner an opportunity to vastly expand its credit card customer base in the country. The new card should help Paytm stay a step ahead of rivals in the fiercely competitive digital payments market in India where companies from Alphabet Inc-owned Google to Walmart-owned PhonePe, are all scrambling to grab a piece of the digital payments pie that is projected to grow to $ 500 billion by 2020, according to the Boston Consulting Group. For Citi, it is a big opportunity to extend its retail presence in India. Even if only 1% of Paytm's over 300 million customers use the new credit card, that's a huge number, Stephen Bird, Chief Executive,...