'By the time the goods that were sent from December onwards reached stores in Europe, they became dead inventory as the stores there were closed by then.' 'Those that were in the warehouse there also became dead inventory. Those that reached the ports there also became dead inventory.' 'And what Tirupur produced in March is still here, and they have also become dead inventory.'
Aditya Puri thinks the government is on track.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
'If you ask India's finest business leaders, they now tell you -- in whispers, of course -- that the mood has never been so glum after 1991,' says Shekhar Gupta.
'James Crabtree ignores the emergence of a nexus between business and politics going back to the 1920s and talks of it as a new child of 21st century India,' says Shivanand Kanavi.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Piloting the Specified Bank Notes (Cessation of Liabilities) Bill, Finance Minister Arun Jaitley said it will extinguish the government's liability towards scrapped notes and also eliminate the possibility of their bring used as parallel currency.
Now STPs or variable SIPs can earn better returns than vanilla SIPs.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
Rise in investor sentiment, return of risk appetite aid shares across the board
Was Adani able to clinch this loan merely as a result of his proximity to Prime Minister Narendra Modi?
'If anything, he is a fiscal hawk.' 'He has avoided fiscal profligacy completely for the past four years.' 'The fiscal deficits since 2014 are clear proof of this.' 'The point is not that it is not 3 per cent yet; it is that it is not 6, 7 or 8 per cent, which it could easily have been.' 'For this he needs to be congratulated.' 'He has recognised it no longer pays to spend other people's money to win elections,' points out T C A Srinivasa-Raghavan.
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Some experts believe that building new cities may not be the answer to India's swelling urban population.
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
Unless Dr Urjit Patel starts clearing the balance sheets of banks, the investment cycle will not start. Unless the clog in the drain is cleared, further lending cannot happen. If further lending doesn't happen, the investment cycle also will not happen, writes M R Venkatesh.
In a bid to boost the dormant primary market, regulator Sebi said it is ready to review the mandatory grading of initial public offers.
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RBI's move to link loan payment to construction progress is likely to bring down property prices.
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
How investors can tweak their fixed income investments to earn more in the current environment.
BJP's success in two state elections gave Modi room to cut through a thicket of regulations and state controls.
'And the top 10 per cent will grow because they have to serve the market.'
Follow these tips to get ready to celebrate with sweets and kites with your friends and family in your new house next Pongal.
Liquidity, stable income generation, potential capital appreciation are the benefits from REITs
A high fashion event can teach you a thing or two about money matters! Intrigued? Then read on to find out more!
He endorsed transparency and financial stability in addition to issues related to inclusive growth and development, write Puran Singh and Nupur Pavan Bang.
The company shut its factory on June 3, which ironically was also World Bicycle Day. It laid off its 431 remaining employees, but the company insists they continue to be on its rolls and will be paid "lay-off wages" upon marking attendance daily.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Investors are sceptical that the economy could have picked up so much steam.
Oil and gold had accounted for 45 per cent of India's imports bill in 2012-13.
The industry's reactions to the Budget have been mixed.
'It is not simply demonetisation or GST, it is this government's failure to manage the financial sector crisis.'
Indeed, this is one policy area where the Modi-led government is different from the one that was headed by Atal Bihari Vajpayee.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
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