'This government is so fond of some corporate friends that they can always amend existing laws or make new laws.'
'When fund managers talk of being bullish for the long term, they assume strong economic growth.' 'That is what they have assumed every year, naively believing the pronouncements and promises of ministers.' 'Unfortunately, they have been wrong year after year,' observes Debashis Basu, editor, www.moneylife.in.
Bank of America expects Reserve Bank to further step up liquidity restraint through accelerated government borrowings to avoid another rate hike during July monetary policy review.
Growth remains weak, inflation is within 2-6% range, rate cut would help recoup forex reserves
Last week, its global head of strategic sales, marketing and alliances Prasad Thrikutam resigned from the job marking the 11th senior management executive exit from Infosys since Murthy's return.
A rate cut by the Reserve Bank is likely to help the rupee, which today hit a record low of 57.54 versus dollar, says a Bank of America Merrill Lynch (BofA-ML) report.
Panaya drags Q1 profits though revenue improves on the back of large deal wins, good traction in North America.
Sahara says it got suspicious on February 1 about the purported letter showing Mirach having blocked sufficient funds with Bank of America.
'The expectation was that Modi would become even bolder in his approach, and after only four months into his second term, we are starting to see evidence of this.'
The stronger-than-expected recovery in remittances -- payments that are key to supporting the economies of many poor countries -- was driven by growth in Europe, Russia, and the United States.
The American investment bank also upgraded the stocks of both these companies to 'buy' from 'underperform', saying improving industry trends such as signs of ticket price hikes and reduced capacity will improve profitability.
In addition to Pichai and Nadella, IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ajay Banga from Mastercard and Ann Mukherjee from Pernod are among the six Indian-Americans among over 200 corporate honchos who will advise the President and offer recommendations on how to revive the American economy.
Monsoon session of Parliament expected to be stormy and likelihood of GST Bill and Land Bill getting passed are slim
'I want to show that we are also part of this society and want to participate just as much, whether it is for security or whatever community work there.'
The vote came at Citi's annual shareholder meeting held in Dallas on Tuesday.
'You peel one layer, then another layer, then another, but in the end, you will see that there is no onion inside.' 'This package has been packaged well, but there is nothing much inside the package!'
Like China, India too should connect the dots and move ahead with a long-term perspective in Afghanistan, advises Ambassador M K Bhadrakumar.
Floating rate home loans will soon be reset, impacting interest rates. In the current situation interest rates might go up, causing more defaults and more volatility in stock markets.
The rupee on Tuesday fell to a two-month low of 54.78 against the US dollar.
...Is this a virus more dangerous than Covid-19, asks Ajit Balakrishnan.
After a delayed start, the monsoon is advancing steadily.
Brokerage firm CLSA says in its interactions with government officials, measures such as the dollar-deposit scheme were under consideration.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
Professional football has been wiped off the map for weeks, maybe months, after all the major leagues, cups and international competitions were suspended, culminating in the postponement of Euro 2020 and Copa America on Tuesday.
The US men's national soccer team will play their first friendly against Cuba in 69 years when they meet in Havana's Estadio Pedro Marrero on October 7, US Soccer said on Thursday.
The Western powers appear to regard Delhi as the most logical destination in the region in these extraordinary times -- as a counterpoint to the ascendance of political Islam and a rising red star over Afghanistan, observes Ambassador M K Bhadrakumar.
SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, sale of petrol-powered two-wheelers should not be allowed.
One reason Japan is betting highly on Indian pharma is that these companies have strong cash flows, low leverage and high debt capacity for medium to large sized acquisitions.
Expectes RBI Governor to announce 0.25 per cent rate cut.
Bids to be evaluated according to guidelines by the civil aviation ministry, following which a buyer will be selected. Transfer of control to the buyer to be effected by June-end.
Mirach Capital rejected accusations of indulging in forgery.
My gamble to stand in the queue and get Rs 500 notes had failed. And only the months ahead will tell us if Modi's gamble will succeed or not.
As the states showed progress in fighting the deadly contagion, governors Andrew Cuomo and Philip Murphy have begun to offer details on reopening in the months ahead.
The report also said that the domestic currency was likely to trade weak in the near future.
Switzerland's Federal Office of Justice (FOJ) on Wednesday handed over the first batch of evidence to US authorities for its investigation into alleged bribery schemes for soccer marketing rights.
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
India must break out of this strategic triangulation between China and Pakistan. We need to settle our issues with one of the two, notes Shekhar Gupta.
The investment banking major has hiked its FY'14 CAD forecast to 4.3 per cent of GDP from 3.8 per cent with slowing global recovery likely to delay export turnaround.
Equity benchmarks erased early gains after realty, capital goods, teck, auto, PSU, IT, power and bankex counters came under selling pressure, falling up to 1.28 per cent.
