RBI Monetary Policy Committee minutes: RBI Governor Urjit Patel said yesterday that he was cautious over rising inflationary pressures and decided to keep policy rate on hold at 6% in the latest MPC meeting. What are the potential upside risks to inflation as noted by RBI?
After the domestic stock market correction witnessed in the last one month, even as the 30-share Sensex has shed more than 5% in the last one-month alone; ace banker Uday Kotak said that he’s glad about the development from the point of view of longer term system.
Air India stake sale: After Civil Aviation Minister Gajapathi Raju said that no final decision has been made as yet on Air India stake sale as yet, and the government is still mulling on the buyer. The minister notes that unless the management is professionalized, chances of survival for the debt-heavy carrier are low.
In the last two days alone, D-Street has recorded three instances of share price rally after reports of ace investors Rakesh Jhunjhunwala, Porinju Veliyath and Radhakrishnan Damani buying equity stake in the respective companies. We take a closer look.
In the Uttar Pradesh Investor Summit inaugurated by Prime Minister Narendra Modi on Wednesday, leading industrialist Kumar Mangalam Birla announced ambitious plans of his conglomerate, and said that in the next five years, the group plans to invest Rs 25,000 crores in the state.
Even as India’s biggest banking fraud to the tune of Rs 11,400 crore allegedly committed by Nirav Modi, the beleaguered billionaire diamond businessman has written a letter to employees asking them to look for other jobs, as he will not be able to pay their salaries.
Billionaire Mukesh Ambani-led Reliance Industries has announced that the company is acquiring a 5% stake Eros International, a NYSE (New York Stock Exchange) listed company, which is the holding company of India based media player Eros International. e take a look at the synergies behind the deal.
After billionaire diamond merchant Nirav Modi hoodwinked India’s second largest lender PNB in an alleged scam to the tune of Rs 11,400 crore; the Federation of Indian Export Organisations said that it was important to treat it as an independent case and avoid any knee-jerk reaction.
Come 2019 and India’s IT industry is set to grow by 9%, according to The National Association of Software and Solutions Companies (Nasscom). Noting that the next year will be better for the technology industry at large, Nasscom said that currently there are certain uncertainties in the software services space currently. In a press conference […]
After India’s second largest lender PNB got entangled in India’s biggest scam amounting to a staggering Rs 11,400 crore, allegedly perpetrated by billionaire diamond merchant Nirav Modi, global rating agencies Moody’s and Fitch have placed the public sector bank under review for downgrade.
Bill Gates, the second richest man in the world behind Amazon’s Jeff Bezos says that US president Donald Trump’s ‘America First’ policy which proposes severe cuts to foreign aid concerns him. The founder of Microsoft says that he’s been asked about President Trump and his policies more often than all the other topics.
D-Mart promoter and billionaire investor Radhakrishnan Damani’s Derive Investments has picked up an equity stake in Fortis Healthcare, just days after ace investor Porinju Veliyath too bought shares of the company. Radhakishan Damani’s firm has picked up 26.5 lakh shares at Rs 144.5 through bulk deal, NSE data showed.
Even as we continue to witness unfolding of India’s biggest banking fraud in the country’s major public sector, the Central Vigilance Commissioner (CVC) K V Chowdary, who held a meeting with top officials of Punjab National Bank on Monday, called for a thorough investigation into the Rs 11,400 crore Nirav Modi scam.
Even as we near the end of earnings season, amid rising volatility in the stock markets, Ridham Desai of Morgan Stanley says that Q3 earnings weakness was led by public sector undertakings. Ridham Desai notes that improving revenue and breadth is a key positive in the quarter.
After the CBI filed an FIR against Vikram Kothari for a loan default, a money laundering case has been registered against the promoter of Rotomac Pen company for an alleged bank loan fraud of Rs 3,695 crore. CBI on Monday conducted searches in Vikram Kothari residence and offices in Kanpur and also reportedly questioned his son and wife.
Even as we witness biggest banking fraud unfold in India’s second largest lender, amid other loan defaults and mis-governance in the listed space in India, ace investors from emerging markets champion Mark Mobius and Porinju Veliyath are betting on the corporate governance theme in the country.
Even as residents of India’s financial capital Mumbai continue to face traffic snarls, Virgin Group’s flamboyant founder Richard Branson has announced to build a hyperloop between the two cities which will shorten the travel time to just 25 minutes.
Even as the Indian banking system continues to feel the jitters of multiple loan defaults, the Central Bureau of Investigation has registered an FIR against Rotomac pens promoter Vikram Kothari for a loan default of Rs 800 crore. Earlier, Vikram Kothari had sought to debunk media reports of him having fled the country.
Amid the ongoing rout in the PSU Bank shares, mainly on account of sell-off witnessed in Punjab National Bank, SBI, Allahabad Bank, top brokerages say that the NPLs are on the rise in the space, and investors must be selective in their approach.
Even as we witness India’s biggest banking scam to the tune of Rs 11,400 crore committed in Punjab National Bank, India’s second biggest lender had received at least two awards for excellence in banking vigilance in calendar year 2017 alone.
Ace investor Rakesh Jhunjhunwala’s success in the Indian stock market has earned him the reputation of being India’s Warren Buffett, but the investment maestro had also once pointed out a commonality between stock picking and producing films.
Even as we continue to see correction in the domestic stock markets, amid global volatility, ace investor Porinju Veliyath says that investors will have to live with lower return expectations from the stock markets going forward. We take a look at his top stock bets.
After India Inc reported earnings that were in line or better than analyst expectations, top market voices point out that the impact of structural reforms such as demonetisation and GST are now behind. We take a look at what analysts are betting on going forward.
After India pegged its fiscal deficit target at 3.3% of GDP for FY19 in the recent Union Budget, the International Monetary Fund welcomed the move, saying that India is returning to the path of gradual fiscal consolidation. We take a look at three key takeaways from the development.
With the stock markets turning choppy and top market voices cautioning that the markets will continue to remain volatile in the current year 2018, the investors may be looking at investing in mutual funds. We take a look at two Gold rated flexi-cap mutual funds from Morningstar.
Former Facebook India Head Umang Bedi has joined the local language news and entertainment aggregator Dailyhunt as its President. Umang Bedi will look to scale up the revenues and user base of Dailyhunt, which currently commands more than 80 million monthly active users. We take a look at his prior stint.
Amid the ongoing fiasco in India’s second largest public sector bank wherein a fraud to the tune of Rs 11,400 crore got detected, top industry voices from former RBI Deputy Governor Shyamala Gopinath and Edelweiss head Rashesh Shah have called for swift action by the regulator and a deeper study of what went wrong.