The apex bank's intervention could also happen in the next 3-6 months exerting more pressure on banks to hike rates in the near future, it said. The survey also said that non-performing assets of banks in the system are likely to increase in the medium term.
IndiGo heads towards $400 mln IPO as air travel booms.
For the next two years the whole world, including India, is expected to reel under the effect of the current financial crisis. Here's how it will affect us in India.
FIIs have been strong buyers of shares since last year until a recent streak of selling.
For those who believe only grey cells set apart leaders from the rest, there is another hair raising observation among corporate America that most of the successful CEOs including Pepsico's Indra Nooyi part their hair to the left, says US business magazine Fortune.
The financial district of Wall Street is slowly turning 'green'.
The investment bank adds that company's September-quarter earnings came in line with consensus estimates.
'Aggressively stepping up vaccinations will constitute the most enduring stimulus of all in the coming quarters,' observes Sajjid Z Chinoy, Chief India Economist at J P Morgan.
A 23-year-old quit his well-paid job in these uncertain times to start on his own. He expects to earn eight times more than what he sacrificed.
The US regulators on Wednesday fined Citigroup, American Express, J.P. Morgan Chase & Co and Putnam Investments a combined $81.25 million for failing to provide customers with necessary information about mutual funds.
The robust earnings, shown by corporate India in the first half of this year, may not sustain the momentum due to slowdown in performance of IT and telecom sectors, making it difficult to match the forecasted growth for the entire fiscal.
2006-07 saw mixed returns for mutual funds. Compared with the previous financial year, the returns have declined, mainly due to a fall in the stock prices. The net asset value of most equity funds fell nearly 10 per cent since January 2007.
Leading utility and light commercial vehicles maker, Mahindra & Mahindra Ltd on Monday said it would acquire 88.41 per cent stake in Mauritius-based Plexion Technologies, a group company of J P Morgan.
Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old old bank's fate was sealed with Union Cabinet headed by Prime Minister Narendra Modi approving Scheme of Amalagamation on Wednesday.
Banks could see a spate of mergers and acquisitions after India freed up rules on foreign investment in a step that could spur consolidation analysts say is crucial to ensure long-term survival and profitability.
A stake sale of Reliance's real estate portfolio would help it raise anything between $1-5 billion and could be one of the triggers for the company's shares to break out.
Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares.
Billionaire Mukesh Ambani's Reliance Industries has started a limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest USD 5.7 billion in digital assets controlled by the company. JioMart, an e-commerce venture of Reliance Retail, "has already started interacting with customers on WhatsApp for grocery orders" in Navi Mumbai, Thane and Kalyan, Credit Suisse said in a report.
Ashish Aggarwal of San Francisco and two others have surrendered.
The EGM would discuss deleting various Articles pertaining to transfer and acquisition of the company's shares, including 'Right of First Refusal' and ' Tag Along Right', in the company's Articles of Association.
Kicking off his second visit to the US in one year with a meeting with eight of the top 10 financial entities in the US, including JP Morgan and Blackstone, Modi outlined efforts made during the last 15 months to increase investment in key areas like infrastructure.
This e-series funding round also makes OYO the most valued hospitality company in the country, ahead of the Tata group's Indian Hotels Company, which owns the Taj brand of hotels, and EIH, which owns the Oberoi brand of hotels.
The company will finalise the final pricing for allotment of shares later.
Investment bankers said retail investors were pulling back, while institutions were being pickier
Weakness of the dollar in the overseas market also boosted the rupee, a forex dealer said.
Ajit Issac started as a management trainee at Godrej.
The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender. For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.
If you have to make money in equities, you need to understand volatility and try to make it your friend, says P V Subramanyam
SBI said it provided credit to Orbital ATK Inc as part of a syndicated deal with other banks.
Street believes premium valuations justified, as port traffic is expected to grow at a CAGR of 16% over FY14-16.
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