RBI governor is seen succeeding International Monetary Fund (IMF) chief executive officer, Christine Lagarde, next year.
'Jin Jiang had invested in Louvre Hotels.' 'Louvre, a couple of months ago, took a majority in Sarovar hotels.' 'So they are coming in now.' 'Look at the Chinese -- two quarters ago they took 25 percent in Hilton.' And then HNA also took majority in Carlson (Radisson).'
This flight of capital began in early August due to risk-aversion created first by rising geopolitical tensions due to North Korean aggression and second by the US Fed's decision to shrink its balance sheet
The Tamil Nadu government saw an increase in foreign direct investment by 41.5 per cent during the April-December period.
Will open radio access network technology (O-RAN) disrupt the way 5G networks roll out in the country? After all, it promises to offer a substantially lower capital cost, enables the choice of an array of vendors, and provides more network flexibility - all very important for telcos who expect to invest over Rs 60,000 crore to roll out a pan-India 5G network and that's without spectrum costs. But more importantly, it counters the stranglehold of global telecom gear makers such as Ericsson, Nokia, and Samsung over telcos to whom they sell propriety technology and bundled hardware and software.
The fear that Mamata might snatch the mantle of Opposition leadership which the Gandhis firmly believe to be theirs by birthright seems to have persuaded Sonia and Rahul to give up their hoity-toity ways, observes Virendra Kapoor.
Sticking to smaller and mid-cap companies can be more fruitful, suggests Devangshu Datta.
'God has given me everything -- wealth, success, a good wife and good friends. I wish He gives me good health.'
The biggest private sector lender, are swarming the market with discounts and special offers
Everton's Premier League relegation fears deepened considerably as they collapsed to a 5-0 defeat at Tottenham Hotspur with Harry Kane scoring twice for the rampant hosts on Monday.
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
While analysts predicted the Sensex to cross 30,000 in 2016, the index currently stands 12% lower at 26,400.
The tally from the weekend showed 37 new cases on Sunday with most testing positive after arrival at the airport
Revenues, profit margins will be hit in the next one year, but more demand in the longer run.
The Union home ministry's notification giving effect to the Government of National Capital Territory of Delhi (Amendment) Act, 2021 came on Tuesday night, as the city battles a ferocious COVID-19 wave and its healthcare system is stretched to breaking point.
SoftBank-backed mobility firm Ola, announced expansion of its employee stock options (ESOP) pool to Rs 3000 crore. Ola is also allocating an additional Rs 400 crore worth of stocks to employees in the run up to its IPO. The allocation rewards Ola's high impact employees and will lead to long term wealth creation for them.
RBL Bank is no Yes Bank. It's not fraught with fraud. It's a story of limitless ambition and greed for growth under a leader who doesn't want to give up, says Tamal Bandyopadhyay.
Analysts cut upstream firms' FY15 earnings estimates, while raising those for GAIL and Gujarat Gas.
If Chinese growth starts falling, sharply or otherwise, the risk on trade might reverse.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
FY16 saw the highest number of new product launches in a year from Maruti
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term.
Bankruptcy Code will consolidate existing laws related to liquidation and sick industries
The demand for extension of the GST cess regime among others was made by several state finance ministers at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman in New Delhi. Besides, many states also demanded raising the share of the Union government in the Centrally Sponsored Schemes (CSS). Currently, the central government and state government share in some CSS is 60:40 while in others it is 75:25.
New Delhi is vulnerable to US sanctions under a 2017 law called CAATSA.
Higher input cost is likely to weigh on Auto sector's Q4 numbers.
The Indian economy is rapidly normalising towards pre-pandemic activity levels, even as uncertainty exists about coronavirus mutations and repeated infection waves, industrialist Kumar Mangalam Birla said on Wednesday. Vaccination is picking up pace, which would improve India's resilience against a potential third wave, the chairman of Aditya Birla Group said while virtually addressing shareholders at the AGM of group firm UltraTech Cement Ltd. Moreover, various steps taken by the RBI and the government have helped in containing the economic disruptions of the pandemic, Birla added.
The rot is is not limited to Chitra Ramkrishna and the yogi, observed Debashis Basu.
While a DFI will help banks derisk their loan portfolios, creation of a bad bank will clean up their balance sheets.
Expressing commitment to augment the country's infrastructure, Finance Minister Nirmala Sitharaman on Monday proposed to significantly enhance capital expenditure to Rs 5.54 lakh crore in the next fiscal, besides creating institutional structures and giving a big thrust to monetizing assets to achieve the goals of the National Infrastructure Pipeline (NIP). Sitharaman said NIP, that was launched in December 2019 with 6,835 projects, has now been expanded to 7,400 projects and around 217 projects worth Rs 1.10 lakh crore under some key infrastructure ministries have been completed. "For 2021-22, I propose a sharp increase in capital expenditure and thus have provided Rs 5.54 lakh crores which is 34.5% more than the BE of 2020-21," the finance minister said.
With the government's focus on environment-friendly fuel, Indraprastha Gas, Mahanagar Gas and Suzlon's earning prospects look bright
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
Given the developments, analysts do not foresee a quick recovery.
Limited visibility around tariff hike and lack of clarity on new funding could make Vodafone Idea "more dependent" on any form of government relief for improvement of its fundamentals, BofA Securities has said in its latest report. The top brass of cash-strapped telco Vodafone Idea had last week said 'floor price' remains the "best and most preferred" fix for industry's woes arising from tariff-related issues. The company, whose fundraising plans have been significantly delayed, had further said it is in active talks with potential investors, and emphasised that there is no reason to start working on an alternate 'Plan B'.
An adverse outcome against the BJP in UP can well be taken into its stride by the ruling combine at the Centre, argues Virendra Kapoor.
Shreyas, who is also the skipper of Delhi Capitals in the Indian Premier League, appreciates Ricky Ponting's coaching style.
Sensex gains 2.4%, Nifty crosses 7,000; investors feel exit polls have vindicated their stand
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
South Africa's pace sensation Kagiso Rabada says India captain Virat Kohli pushes him to give his best on the field and commands utmost respect with his sheer consistency across formats. Kohli averages over 50 in all three formats, while the 24-year-old South Africa fast bowler has taken 197 wickets from 43 Tests while he has picked up 117 ODI wickets from 75 matches.
While gold returned 12 per cent annual gain in 10 years, Nifty didn't exceed 9 per cent.
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