Blind spots of the company were two-fold - managing cash flow and investments to upgrade technology and continue research and development.
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
Inflation pegs down currency value, re-allocates resources, reduces potential economic growth and leads to the attrition of gross domestic savings.
Deutsche Bank could be the next to trim its retail operations.
Branch additions for most major banks in the current financial year do not correspond to the number of the past two years.
There were fewer Series-B deals this year versus last, but more money was raised
Over the last 12 months, thanks to bold bets by venture capital firms like Sequoia, SoftBank Vision Fund, and foreign strategic investors like Naspers, pipeline of start-ups with potential to achieve $1 bn in valuation is at an all-time high.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
If the Modi government's approach to economic policy making is any indication, expectations of a sudden spurt in economic reforms after the assembly election results appear to be grossly misplaced.
Shareholders were upset with RIL's increasing focus on non-core areas and its reluctance to pay dividends
.jpg)
Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Pharma major Lupin and mortgage lender HDFC were the top losers.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
RBI is likely to have reached broadly similar conclusions since it did cut rates, presumably to stimulate activity.
Eminent business journalist and author Tamal Bandyopadhyay discussed Budget with rediff.com readers on Tuesday.
Sensex, Nifty put up a good show in closing trade.
With over 45 healthcare facilities and over 300 vibrant diagnostic centres, Fortis is India's second-largest hospital chain -- next only to Apollo, which has 64 hospitals with 10,000 beds. Therefore, any international or domestic hospital chain that buys Fortis will simply catapult to the numero uno position.
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Sensex in green in afternoon trade.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
Contentious issues such as the construction of a Ram Temple in Ayodhya, abrogation of Art 370 giving special status to Jammu and Kashmir and enactment of Uniform Civil Code have been included in the Bharatiya Janata Party's election manifesto with the party making promises on them.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
.jpg)
The toxic brew of fiscal populism, crony capitalism and bad economic management has ensured the collapse of economic growth, industrial stagnation, stubbornly high consumer inflation, declining savings and investment, shrinking employment opportunities, and a dangerously vulnerable external financing situation.
A provision of Rs 15,000 crore has been made in the budgetary estimate of 2016-17 towards interest subvention.
Indian economy about to take-off
For distressed farmers in Mandya district of Karnataka, Madhuchandan is a true saviour.
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
The Aam Aadmi Party (AAP) has to deal with 3 powerful enemies: the media, the political establishment, and business houses.
The government has provided a long-term vision.
