An economic slowdown has a tendency of kicking off a vicious downcycle: when it singes, corporates resort to belt tightening, cut production and freeze jobs, prompting investors to pull back, which results in further squeeze taking things further downhill
STREET PULSE: Where we stand  | SGX Nifty traded 11 points lower at 7 am (IST), signalling a tepid start for Dalal Street. Asian shares got off to a cautious start as markets began countdown to a likely Fed rate cut. MSCI's Asia-Pacific index outside Japan was flat but Nikkei dipped 0.1 per cent. The S&P500 and Nasdaq set record closes on strong earnings reports on Friday.Read More |
| Oil prices fell after Iran described emergency talks on a multi-party nuclear agreement with a group of signatories as "constructive", suggesting easing of tensions. Brent futures rose 23 cents to $63.23 while WTI crude fell by 12 cents, or 0.2%, to $56.08. Read More |
| LOOK WHO'S |  |
Bonanza for FPIs? Sebi is considering easier investment norms to attract overseas funds, in consultation with the Centre. The capital markets regulator called a meeting with members of the HR Khan-led committee on easing the norms on Friday to discuss measures that could make it easier for foreigners to invest in India.
Read More No looking back... Finance Minister Nirmala Sitharaman says there was no rethink on overseas borrowings but added that the details have not been firmed up. "I am not doing any review. I have not been asked by anyone to do a review," she said. The tax targets set out in the Budget can be met, she told ET in an interview.
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Slowdown triggers belt-tightening India's economic slump has companies worried to varying degrees. Most have told executives to clamp down on costs and watch spending closely. Recruitment hasn't been frozen yet, but some have confined themselves to replacement hires. However, most expects said a turnaround sooner rather than later.
Read More Over to Sebi… Mutual funds have asked Sebi whether they should join banks and other financial institutions in throwing a lifeline to distressed borrowers like DHFL. Sebi's stand on the matter would be significant as MFs have bankrolled India Inc in a big way and their participation will be required to restructure loans.
Read More Meanwhile... Sebi has begun the spadework on implementing a Budget proposal that seeks to increase the minimum public shareholding threshold to 35 per cent for all listed companies. The regulator is planning to take this proposal to its expert committee on primary markets for discussion.
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