Rahul also said the founders of Ford, Mercedes and Honda were 'mechanics'
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
'One of the strategies is to pick deals carefully. That means looking at sectors like energy, banking, insurance and also doing outsourcing.'
Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar.
Reliance Industries is expected to report a 24 per cent drop in its net profit for the June 2012 quarter as compared to its profit in June 2011.
Various corporate houses and private banks, including Aditya Birla Group, Hindustan Lever, Sahara Group, Bank of America, ANZ Grindlays, ICICI Bank, ABN Amro and HSBC
TCS plans to build ignio as a standalone company.
With this subdued forecast, India is likely to record its worst growth performance since the 1991 liberalisation. However, it is among the only two major economies, which will register a positive growth rate in 2020. The other being China, for which the IMF has projected a growth rate of 1.2 per cent.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
A bit of good news is that it has already mopped up $19 billion in forwards in May.
Mirach said it has remitted $2.625 million to the Sebi-Sahara Fund.
Global financial majors, who until recently viewed India as a safe investment decision, are having second thoughts.
Determining the direction of the dollar in Trump's America will be more critical for asset allocation than getting your call on interest rates right, says Akash Prakash.
Rosier year-end seen for Indian pharma thanks to faster US approvals.
El Nino, which refers to warmer-than-average sea surface temperatures in the central and eastern tropical Pacific Ocean, will likely to keep CPI inflation up at 8-10 per cent in the second half of 2014 and will pose a 50-70 basis point risk to this fiscal's growth expectation, the report by financial services major Bank of America Merrill Lynch said.
Reliance ADAG, Tech Mahindra among top recruiters at IIM-A
Money sent abroad rises sharply in July; maintenance of close relatives, education expenses top the chart
'Nobody has a premium on solving the world's problems. Everybody has got new things to learn from somebody,' says CitiBanker Ajay Banga.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed
'Parsis are brought up with a great sense of the importance of truth and speaking your mind.'
The war of words between Donald Trump and his Democratic rival Hillary Clinton on Wednesday reached a new high with the presumptive Republican presidential nominee calling her a "world-class liar" while she hit back describing him as "self-proclaimed king of death" for his rhetoric, economic policies.
Steps to improve governance, instill confidence in the government machinery and streamlining function across the different ministries are also important to feed the positive mood, the DBS report added.
A below-normal monsoon can bring down India's GDP growth by 0.50-0.75 per cent this financial year, forcing the Reserve Bank to delay rate cuts to 2015, Bank of America-Merrill Lynch (BofA-ML) said.
Britain's National Cyber Security Centre, leading the international investigation, believes that a hacking group known as Lazarus launched the attack.
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The global brokerage firm in March had trimmed the growth forecast to 6 per cent and in June again it revised the growth estimate to 5.8 per cent.
'The Modi government is about privatising profits and nationalising losses.'
US-India Business Council President Nisha Biswal believes once the economic activity and demand resumes, India could hold the potential for diversification of supply chains and manufacturing.
Pharma was the top losing index amid worries about their earnings outlook with Lupin down over 4%
ICICI Bank extended yesterday gains, rising 10% in two trading sessions
According to the foreign brokerage major, after two quarters of 'near-zero' growth aggregate headline profit for Sensex companies, it is expected to show a weak recovery.
Bank of America Merrill Lynch on Monday trimmed India's economic growth estimates by 30 basis points to 7.1 per cent for the current fiscal, while global financial services giant Morgan Stanley downgraded its GDP growth forecast for the current fiscal to 7.3 per cent from the earlier 7.7 per cent.
The violations relate to transactions Credit Suisse illegally conducted on behalf of customers from Iran, Sudan, Myanmar and other countries, violating the International Emergency Economic Powers Act and New York state law.
BofA-ML said the liquidity deficit is running higher than the forecasts because the RBI has suspended its bond buybacks or open market operations.
Reliance has significant investments in telecom, consumer retail and media businesses in India.
A breakthrough will come from what we teach and how, says Ajit Balakrishnan.
The 71st Emmy Awards have been announced, and there have been quite a few surprises and some expected nods.
'And as we sit (or sleep) out the nightmare, there is feverish speculation about what the post-Corona world might look like,' mulls Hasan Suroor.
