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Samrat Sharma

The writer is Senior Correspondent(Delhi/NCR)

Samrat Sharma is a leading author in the field of business, finance, economy, and industry. He has work experience of 5 years in various sectors

including manufacturing, analysis, and media. He is a mechanical engineer & MBA graduate.
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Articles By Samrat Sharma

1048 Articles

Google pays Rs 33,737 cr to Jio Platforms as its biggest-ever investment in an Indian company

Google has raised a total of Rs 1.52 lakh crore by selling almost 33 per cent stake to 13 financial and strategic investors in only 11 weeks.

jio, reliance, mukesh ambani, google, highest investment

Indian pharma companies take coronavirus ride; production of anti-malarial drugs shoot up 334%

The production of anti-malarial drugs rose by a record 334.3 per cent from Rs 5.4 crore in H1 FY20 to Rs 21.9 crore in H1 FY21.

pharma industry, medicine, drugs, drug production, hydroxychloroquine, anti-malarial drug

Bank NPAs may shoot up next year, when loan moratorium, NPA forbearance mask comes off

Banks will likely have trouble maintaining momentum after the proportion of non-performing loans (NPL) to total loans fell consistently so far this year.

banks, NBFCs, bank profits, NBFC profits, MFIs, rural economy, stress debt, stressed assets, NPA

Jobs are back, income is not: Workers take lower-paying jobs; still suffer salary cuts

More than half the households in India have suffered a fall in their incomes during the lockdown, compared to a year ago, and a very large proportion has seen no increase.

household income, economic recovery, employment, unemployment, rise in income

Pharma, agri trade, cargo-on-seats model help airlines earn during lockdown; cargo volume jumps

The contraction in the cargo volumes in H1 FY21 was 45% on-year, while the passenger traffic and aircraft traffic movement shrank 86% and 75% on-year respectively in the same period.

cargo, cargo volume, airlines, aviation industry

Bank credit grows as consumers shop in festive season; risk aversion, low demand still a barrier

Bank credit growth increased marginally as consumers had started purchasing with the arrival of the festive season.

credit growth, deposit growth, consumer spending, festive season

Banks’ profits likely to surge as stress on firms eases; these banks may show high earnings in H2

A moderation in credit costs post the spike in H1 FY21 is expected to drive ROE recovery in banks like Axis, ICICI, HDFC, and SBI from H2.

banks, NBFCs, bank profits, NBFC profits, MFIs, rural economy, stress debt, stressed assets, NPA

Raise promoter’s stake in private banks, double minimum capital need for licensing new banks: RBI Panel

Well-run large NBFCs, with an asset size of Rs 50,000 crore and above, including those which are owned by a corporate house, may be considered for conversion into banks.

small finance banks, payment banks, rbi, reserve bank, private banks

Petrol, diesel prices rise for first time in 2 months; vaccine hope, lockdown fear balance crude prices

With today’s increase in fuel prices, petrol is being sold at Rs 81.23 a litre while diesel is at Rs 70.68 a litre in Delhi.

petrol prices, diesel prices, crude prices, lockdown fear, vaccine hope

Modi’s 2 new reforms to boost India’s economic growth; 2 past landmark reforms face setback

Stripping out middlemen could improve farmer incomes while reducing consumer prices.

economic growth, gdp growth, reforms, labour reforms, agriculture reforms, IBC, GST

How real is India’s real GDP growth estimate? GST collections, auto sales have a caveat

Although GST collections in the month of October 2020 rose 10 per cent on-year and look promising, the taxes are paid both by wholesalers and retailers.

Retail sales, auto sales, gst collections, economic recovery, GDP growth, Indian economy

Indian economy back on track in Q2; Morgan Stanley says GDP contraction narrows significantly

GDP may have contracted at a slower pace of 6 per cent on-year in Q2 FY21, compared to a 23.9 per cent fall in the previous quarter.

economic recovery, Q2 GDP, GDP growth, manufacturing, services

Reliance Retail completes Rs 47,000 cr fund raise; Mukesh Ambani firm sells 10% stake to investors

Reliance Retail today said that it raised Rs 47,265 crore by selling 10.09 per cent stakes to investors such as Silver lake Partners, KKR, ADIA, and others.

ril, reliance retail, investors, fund raise, stake sale

India moves to online shopping but gold, silver jewellery market still obsessed with visiting stores

While online sales have increased, its share of revenues remains insignificant at less than 5 per cent in the retail jewellery market.

gold, silver, jewellery, online gol, jewellery sales,

Demonetisation moment for Lakshmi Vilas Bank: Depositors line up to pull Rs 10 cr since last evening

The depositors of Lakshmi Vilas Bank have withdrawn approximately Rs 10 crores since the last evening.

lakshmi vilas bank, administrator, moratorium, RBI, penalty, DBS bank,

Is high inflation really due to supply disruptions? India can’t ignore high prices for long

Inflation could stay at nearly 6% in December 2020 and January 2021, before rising back to 6.5% by March 2021, and staying at nearly 6% till September 2021.

Food inflation, CPI, retail inflation, recession, RBI

Lakshmi Vilas Bank put under moratorium; check what happens to customers’ money and what they can do

The Reserve Bank of India today put the Lakshmi Vilas Bank under moratorium due to the absence of credible revival plan.

laxmi vilas bank moratorium, rbi moratorium, laxmi vilas bank, bad governance

Will India regain lost strength in 2021? These factors may still weigh on economic growth

Apart from the trend in COVID-19 cases, uncertainty stemming from faster tightening of domestic financial conditions, higher-than-expected stressed asset creation, and slower recapitalisation of PSU banks are likely to weigh

coronavirus lockdown, economic recovery, real GDP, upside risks, morgan stanley

China’s factory output rebounds to pre-Covid level as India barely crosses 0-growth mark

The worry for India’s business cosmos is not only the subdued level of factory output but also the rising inflation rate.

indi'as iip, china's iip, factory output, industrial production, economic growth

Listed companies surprise with record profits in Q2; pandemic, lockdown could not stop firms’ success

Net profit, which had declined by 74.7 per cent in the June quarter, recorded a multi-fold increase in the September quarter at 263 per cent sequentially.

listed companies, listed firms, net profit, profit of listed companies, zoomed in profits

Wholesale prices rise for third month in a row in October; WPI hits highest level since March 2020

The rate of inflation based on the WPI Food Index fell from 6.92% in September 2020 to 5.78% in October while WPI manufacturing rose at 2.12%, compared to 1.61% in September 2020.

onion price, wpi, wholesale price, crude price

More than half of Modi’s Atmanirbhar Bharat 3.0 stimulus package benefits can’t be reaped this fiscal

India is expected to reap benefits of less than half of the Atmanirbhar Bharat 3.0 stimulus package in the remainder of the current fiscal year.

atmanirbhar bhara 3.0, stimulus package, benefits, pli scheme, exim bank, fiscal deficit

Factory output grows for first time in 7 months; retail inflation gives jolt due to skyhigh food prices

The index of industrial production rose 0.2 per cent on-year, after falling a downward revised 7.4 percent in the previous month.

IIP, CPI, retail inflation, factory output, industrial production

Can’t blame coronavirus for India’s job misery; employees’ growth halved in last fiscal too

The growth in the number of employees fell from 4.1 per cent in FY19 to 2 per cent in FY20.

jobs, employment, economy, industry, unemployment

India’s drug business shoots up in October; pharma industry grows taking cues from these vital areas

The Indian pharmaceutical market (IPM) grew 9.6 per cent on-year in the month, led by volume and price growth and an increase in products launches.

pharma industry, medicine, drugs, drug production, hydroxychloroquine, anti-malarial drug

Diwali bumper gift for ‘Make in India’: Modi govt’s Rs 2 lakh cr production incentives for 10 areas

The cabinet today announced Rs 2 lakh crore of production linked incentives for 10 major manufacturing areas.

Failed UPI transaction? Here’s what Indians don’t like about digital payments

The continued successful growth of digital payment volumes and consumer confidence will require providers of digital payments infrastructure to ensure they are operating stable, and high-capacity systems.

upi, digital payment, fraud, failed transaction, digital transaction, unified payment interface, spending pattern
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