RBI said the outlook for economic growth for 2016-17 has turned uncertain after the unexpected loss of momentum by 50 basis points in Q2 and the effects of the withdrawal of banned notes
During the fourth quarter (January-March), banks step up the activity to meet annual targets. This leads to a race to raise funds from markets often by jacking up deposit rates. This time around, the market has not seen such trend yet.
The central bank has, so far, cut its repo rate by 125 bps.
The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.
Private sector investment is likely to improve mildly in H2 of FY17, even though signs from investment data are not encouraging.
India may be at the fag end of a downcycle that has lasted over 7 years
'Even if the government does not implement an all-India NRC before 2024, it will be part of the party's long-term project.'
Employees of some top Indian companies were in for a pleasant surprise when they received a mail from their HR team announcing a hike in salaries and bonuses. Led by IT firms and start-ups, HR managers say that while some have offered cash and stock options, others are in a wait-and-watch mode and add the trend will pick up in other sectors. For example, IT giant Cognizant - which had an attrition rate of 19 per cent in the December quarter - has established a $30-million employee retention fund in order to bring down the high attrition rate.
'What has gained prominence are 'human' skills like creativity, originality and initiative, critical thinking, persuasion, and negotiation, as well as attention to detail, resilience, flexibility and complex problem-solving.'
Squeezing growth prospects in IT services firms and higher compensation in technology centres run by global companies are the two factors driving this trend.
'This encourages escapism through the politics and economics of nationalism, made worse by tribalism or nativism, the package accompanied inevitably by the erosion of institutional bulwarks and therefore State capture by powerful businessmen,' notes T N Ninan.
"We have urged Indian authorities to respect human rights and restore full access to services, including internet and mobile networks," she said.
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Tata now occupies the fourth slot with the incremental volumes from the Tiago
An impulsive decision to resign could eventually turn out to be a big career mistake, warns Srividya Kannan.
FIIs have offloaded stocks worth Rs 13,110 crore
Growth numbers for the large players in the sector, though, improved during the quarter.
The e-commerce sector gave a much higher average hike of 16-20 per cent to its executives.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
From paper company to auto parts, 5 companies that stood the test of time.
Considering the June quarter numbers have been softer, as compared to the past quarters, and the overall macro environment is yet again under a cloud, Indian IT services should seriously look at the new normal
A tie-break win for World number one Rory McIlroy and teammate Dustin Johnson at the Driving Relief two-on-two charity skins match Sunday injected suspense to a course absent of fans and applause in the coronavirus era. Wearing microphones that captured their smack talk and frustrations, caddie-less competitors McIlroy and Johnson faced off against Rickie Fowler and Matthew Wolff, carrying their own clubs and adhering to social distancing procedures after undergoing a battery of tests and screenings.
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.
The same set of companies had reported 3.8 per cent annual net profit growth in the previous quarter and 7.5 per cent annual growth in the same quarter last financial year.
India has emerged as the brightest spot in the Asia Pacific region as reform has picked up pace in the country in recent months, a top credit rating agency has said.
Average policy rate over the next three years should be around 7.4%
The Reserve Bank may cut key interest rates as early as this week.
In household savings, there has been a persistent shift towards physical assets.
Analysis of the 7th Pay Commission's recommendations.
Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.
Dhanteras' buying seemed to have been sparked by the belief that prices would remain firm
'Is Modi failing is the question which the BJP will begin to ask itself,' says Amulya Ganguli.
Marico, which launched its first digital-only brand Studio X on Amazon, is treading the e-commerce market sans the support of its 4.7 million brick and mortar outlets, reports Sangeeta Tanwar.
Enterprise data management will be a USD 105 bn business by 2020.
If credit is not going to flow in response to a policy rate cut, while inflationary pressures, as well as expectations, may be stoked, a rate cut may not be appropriate at this point
The payroll estimates, released by the EPFO based on its enrolment, threw up some contrasting trend between September 2017 and February 2018.
The reason why private banks will play the deposit pricing game strategically is the weakening of banks' deposits base given the competition from MFs and insurance companies due to tax-savings schemes.
The year 2015 is likely to see an average pay increase of 11.3 per cent across job roles.
