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Investor wealth jumps Rs 7.68 lakh crore in four days of market rally

Investor wealth jumps Rs 7.68 lakh crore in four days of market rally

Finance
New Delhi: Investors' wealth jumped Rs 7.68 lakh crore in four days of market rally, with the Sensex ralling 997 points on Thursday. Rising for the fourth straight session, the 30-share BSE Sensex settled 997.46 points, or 3.05 per cent, higher at 33,717.62. During the holiday-shortened week, the Sensex rallied 2,390.40 points or 7.63 per cent. Led by the improved sentiment, the market capitalisation of the BSE-listed companies gained Rs 7,68,168.35 crore to Rs 1,29,41,620.82 crore in four trading days. "Markets this week rallied from the lows seen in March 2020. After almost a month of lockdown the world over, early signs of easing of the same along with some signs of the flattening of the COVID-19 curve spurred hope of economic activity resuming albeit at a slow pace. Some promise of a p...
Demi Rose jumps on underboob trend in microscopic string-tie bikini: ‘Damn!’

Demi Rose jumps on underboob trend in microscopic string-tie bikini: ‘Damn!’

Entertainment
The Brummie beauty is currently soaking up the sun in the Balearic Islands, off the coast of Spain. Spending the afternoon aboard a luxury boat, Demi Rose took the opportunity to model a tiny orange bikini. Yet another swimsuit from her seemingly ever-growing collection of teeny two-pieces, she struck a series of saucy poses in the sizzling orange number. Dubbed this summer’s most outrageous bikini trend, Insta babes across the world will flashing some serious underboob this summer.  Related Articles The idea is to tug the bikini top upwards so that it hides the nipple - just about. It works with any variety of styles, from bandeau bras to the classic triangle top. For those willing to give it a whirl, vigorous movement is not encouraged, as it's
Pound jumps as MPs vote to reject no-deal Brexit

Pound jumps as MPs vote to reject no-deal Brexit

Business
By John-Paul Ford Rojas, business reporter The pound has jumped as MPs voted to rule out a no-deal Brexit, on another day of volatile currency trading.Sterling climbed by as much as three cents against the US dollar to nearly $ 1.34, a nine-month high, and was two cents up versus the euro to as high as €1.18 - a new 22-month peak. That was after an amendment rejecting a no-deal Brexit in all circumstances was narrowly backed by the Commons.The currency had already made big gains in the run-up to the vote. It has swung wildly over the last couple of days.There was a broad welcome for the result from business groups but it was combined with continued frustration about the lack of a clear way forward for the process. Edwin Morgan, interim direc...
Trump dealt blow as US trade deficit jumps

Trump dealt blow as US trade deficit jumps

World
The US trade gap with the rest of the world jumped to a 10-year high of $ 621bn (£472.5bn) last year, dealing a blow to President Donald Trump's deficit reduction plan.The trade deficit is the difference between how much goods and services the US imports from other countries and how much it exports. Reducing the gap is a key plank of Mr Trump's policies.But in 2018, the US exported fewer goods compared with how much it bought. A quick guide to the US-China trade war Trade wars, Trump tariffs and protectionism explained Mr Trump claims that the US is being "ripped off" by other nations and wants countries to lower their tariffs on US goods and buy more of them.However, official data shows that while exports of US goods and services rose by $ 148.9bn...
All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: Report

All isn't lost for banks under PCA as their retail loan pie jumps 400 bps to 19%: Report

Finance
MUMBAI: The 11 state-run banks, which are under the Reserve Bank's prompt corrective action (PCA) framework, has seen a 400 basis points increase in their share of retail loans at 19 percent of the system in the four years ending September 2018, says a report. The Reserve Bank began to place state-run banks under PCA framework first time in September 2016, when their NPAs soared beyond the regulatory tolerance levels. But the present data is for the period between March 2015 when their retail share was only from 15 percent and September 2018 when it rose to 19 percent, according to American brokerage Jefferies. A report by the brokerage said Friday it is often misreported that banks under PCA aren't allowed to grow (gross loans have indeed fallen 10 percent since March 2015). "Yet their re...