Here's an analysis of what actually led to the market downfall. (Photo Credits: Representational Image/ Pixabay)
- Indian markets recorded the worst single-day fall in nearly 10 months on Friday
- Rise in bond yields and US-Syria tensions are the prime reasons behind the fall
- Banking, Financial and Telecom sectors suffered major setbacks
The banking sector will remain open on the day of Bharat bandh. (Photo Credit: Representational/ Unsplash)
- Confederation of All India Traders has called for a one day Bharat bandh on Friday (February 26)
- The bandh has been called as a mark of protest against the GST system
- An estimated 40,000 traders' associations have shown their support for the bandh, the CAIT has claimed
17 Feburary
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- "Defendants are entitled to keep the money," US District Judge Jesse Furman said
- The case centers on payments totaling some $500 million Citigroup sent in August 2020
- Citi plans to appeal the decision
State Bank of India and private sector banks are functional even in the strike. (File Photo Twitter/@ANI)
- Ten central trade unions are observing the nationwide general strike on Thursday
- Many banks had informed customers in advance that normal working could be affected
- The strike by unions is against "anti-labour policy of the government" and bank employees are protesting against the privatisation of banks
The RBI had imposed a moratorium on the LVB on November 17 considering its piling losses. (Photo Credit: Twitter/@RBI)