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RIL-Reliance Retail share swap: Mukesh Ambani’s retail arm bigger than UK’s biggest supermarket Tesco

Mukesh Ambani has promised to slash the group’s net debt zero to zero by March 2021 after an investment spree of $76 billion in the past five years, bulk of it on its massively disruptive telecom carrier.

mukesh ambani, ril, mukesh ambani business, mukesh ambani wealth News

Donald Trump’s trade wars expose a bitter truth: Economic Nationalism

History, however, tells us that the United States was a protectionist power for much of its existence, and the tariff was a crucial factor in its dethronement of Britain as global economic leader by the early 20th century.

Donald Trump, Globa trade tension , US-China trade war, US-Germany trade war, trade deficit, trade imbalance, china, US-India trade war News

China aims stronger 2020; monetary settings, free trade and other measures on govt’s agenda

Steps announced Sunday by the State Council, China’s cabinet, aim to help private firms gain better market access and equal regulatory treatment to their state-owned peers.

Economy News

Asia’s richest man Mukesh Ambani got richer by $17 billion in 2019

The newer businesses are likely to contribute 50% of Reliance’s earnings in a few years, from about 32% now, Ambani said in August.

Industry News

Can Modi use economic crisis for bold reforms like 1991’s crisis pushed Manmohan Singh?

The country has shortchanged its blue-collar workers, especially women, whose participation rate in the workforce has swooned. A nation of 1.3 billion people is producing only what 150 million affluent customers want.

Prime Minister Narendra Modi, narendra modi, economic slowdown, economic growth, 5 trillion economy News

‘Animal spirits’ shows signs of revival; economic resurgence may follow suit

Despite the green shoots, the economy is set for another quarter of sub-par growth, and still in need of support from the government and the central bank heading into 2020.

economy, indian economy, economic slowdown, economic growth News

Defaulting for three months, Altico Capital India’s lenders call for rescuing bids

Altico started defaulting on its interest repayments in September, and its lenders are keen for it to get an equity infusion for any debt restructuring plan to be cleared, the people said, asking not to be identified as the d

shadow banking, altico, npa, debt, financial crisis, News

Large cap stocks likely to continue dominance in 2020; here are key reasons

Earnings growth for India Inc. is another factor seen support stocks in the new year. A possible economic recovery, lower corporate tax rate, clean up of bad assets at banks, above average monsoon and accommodative central ba

Markets News

Masayoshi Son’s 19th-century die-hard capitalist tactics in 21st-century investment era

For now, SoftBank is running like a well-oiled machine. But with the Vision Fund fully deployed, and the second iteration likely a lot smaller, Son may have trouble offloading his startup stakes.

Industry News

DGCA steps up scrutiny of Indigo engines, Airbus woes to deepen

The increased scrutiny will add further pressure on IndiGo, which has been prohibited from adding new routes or flights until it replaces all faulty engines.

indigo, dgca, airbus, indigo airbus News

Rupee’s reign as Asia’s top performing currency unlikely to last long

While the RBI’s surprise move Dec. 5 to hold policy rates shocked the bond market, the move augurs well for the rupee. But the government can ill afford a strong currency as the nation’s exports have declined for four st

fiscal deficit, revenue target, tax revenue, non-tax revenue, economic crisis, gdp growth, shaktikanta das, government's fiscal deficit News

Apple has secret team working on satellites to beam data to devices

Apple’s work on communications satellites and next-generation wireless technology means the aim is likely to beam data to a user’s device, potentially mitigating the dependence on wireless carriers, or for linking devices

Apple, secret team, working, satellite, beam data, device, industry news, technology news, iPhone, Cupertino, Technology news

REIT asks Kotak Mahindra bank, Morgan Stanley to help raise funds

Embassy REIT, backed by Blackstone Group LP, in April raised about 47.5 billion rupees ($667 million) in India’s first such listing.

kotak mahindra bank, reit, morgan stanley News

Petroleum consumption growth to hit 6-year low; these are key concerns

Fitch Solutions slashed its 2020 forecast for India’s oil demand growth to 3% from an earlier estimate of 5% because of weaker economic growth prospects in the coming quarters.

Commodities News

प्याज का महासंकट: 20-25 रु/ किलो तक आ सकती हैं प्याज की कीमतें, बाजार में जल्द आएगी नई फसल

देशभर में आसमान पर पहुंच गईं प्याज की कीमतों में जल्द कमी आ सकती है.

onion prices, onion, retail inflation, food inflation, inflation rate, CPI, consumer price index News

RBI brings its own ‘Operation Twist’; 10-year bonds become Asia’s top performer

The concept is similar to Operation Twist used by the Fed in 2011-2012 in an effort to cheapen long-term borrowing and spur bank lending.

indian bonds, long term bonds, rbi, short term debt News

Sensex, Nifty head to fourth straight record-high close

Foreign investors have pumped $13.8 billion into India’s stocks this year, the biggest inflows since 2014 and driving most of the Sensex’s 16% gain, even as economic growth lingers at a six-year low.

sensex, nifty, bse,nse, sensex record high News

No more onion tears; price to come down by 80% in next month

The key ingredient for Indian curries and chutneys is so ubiquitous that economists are keeping a close eye on prices for signs of when the central bank may cut rates.

onion prices, onion price slide, onion price reduction News

Brookfield AMC considering to transform commercial real estate assets into investment trust

Brookfield, which manages more than $500 billion assets globally, owns 22 million square feet of office properties in India.

housing sector, Real Estate, home loans, lending rate, external Benchmark News

As economy slides, states face crunch time to revive growth

Outstanding debt of states has risen over the last five years to 25% of GDP, posing medium-term challenges to its sustainability, according to the RBI study. India’s gross general government debt -- including federal and st

indian economy, slowdown, states economy News

Shaktikanta Das-led RBI MPC have new challenge mounting; Surging inflation

Governor Shaktikanta Das, who’s led the panel in delivering Asia’s most aggressive rates easing this year, said the easy policy stance would remain as long as necessary to revive growth.

RBI, reserve bank of india, Shaktikanta Das, PMC bank, PMC bank crisis News

Tata- Mistry case: Will Cyrus Mistry return to work at Bombay House? Why he may not

Given that the relations between the two men are probably beyond repair, would Mistry even want to return to work at Bombay House, as the headquarters are known? Perhaps not. However, he might want to retake his board seat,

cyrus mistry statement on NCLAT order says this is good governance and shareholders victory News

PNB’s woes of bad loans to continue; Sintex Industries likely to go to IBC

As the loans are already classified as soured, they will need to push the company into bankruptcy by Jan. 3, failing which an additional 20% provisions have to be set aside for the loan, the people said.

ibc, bank recovery, bankruptcy, insolvency News

NCLAT ruling against Tata Sons unlikely to impact rallying stock market

Shares in Tata Consultancy Services Ltd. rose 1% on Thursday, while those in Tata Motors Ltd. and Tata Steel Ltd. were little changed as of 9:29 a.m. in Mumbai.

Markets News

Indian bonds’ struggle to end? Bond yields climb 25 basis points post RBI MPC meeting

Weighing the recent bond sell-off in light of such expectations, some market players are calling a bottom and predicting a rebound once the government’s fiscal position is clear.

indian bonds, bonds, bonds recovering News

Anil Ambani faces legal challenge worth $680 million; Chinese bank wants him to answer one question

The $680 million is the amount Industrial & Commercial Bank of China Ltd. is seeking to recover from Anil Ambani, a former Indian billionaire by invoking what they say is a personal guarantee he gave in 2012.

Industry News

Indian AMCs buoyant as investors shifting from favourite pattern amid slowdown

The parabolic surge in Reliance Nippon and HDFC Asset is also down to the fact that the duo is India’s only listed fund houses. The shortage could ease after UTI Asset Management Co. goes public next year.

Markets News
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