Despite inflation easing, experts see RBI maintaining status quo on Dec 2
RBI is expected to slash rates by 150 basis points till end-December 2016.
Mid-caps in cyclical sectors such as cement, financials and capital goods estimated to earn much more
RBI said inflation in the second half of the current fiscal is projected at 2.7-3.2%. It retained its GDP forecast for the current fiscal at 7.4%
In an interaction with Jash Kriplani, A Balasubramanian, managing director and chief executive officer, Aditya Birla Sun Life Asset Management Company, shares his optimism on what makes him believe that these cuts can help in addressing multiple issues plaguing the economy, without letting fiscal deficit pose any major risk.
The sale will be quicker if an Indian private bank buys it; it will take longer for regulatory clearances if a foreign bank or an NBFC buys it, points out Tamal Bandyopadhyay.
Recently, Prime Minister Narendra Modi met over 40 CEOs across broad swathes of industry, ranging from makers of mobile devices, auto components, food products to telecom networking equipment and pharmaceuticals. The agenda: To discuss how to make India an integral part of the global supply chain. The focus of the discussion would be the much touted yet not so well understood production-linked incentive scheme (PLI), the centrepiece of the government's drive to massively boost the manufacturing sector. To do so, the government has created a war chest of over Rs 197,000 crore to be paid out as incentives to over 14 industries in five years. There are three objectives to the scheme, two explicitly stated, one implied.
From new and competitively-priced iPhones to slashing prices of its older models, it had a multi-pronged strategy.
'Tax cuts will have only marginal effects in the short run and significant positive effects in the medium term,' says Shankar Acharya, former chief economic adviser to the Government of India.
Promoter holding in family-owned firms up 70 bps since 2005, 240 bps since 2010.
Global investment is agnostic when it comes to nationalism, says Kanika Datta.
Not only young companies, even some established players are opting to function out of co-working spaces with an aim to quickly scale up their services. Sangeeta Tanwar reports.
Many say N R Narayana Murthy returned to Infosys only because it was floundering. Ironically, that itself can be interpreted as the great man's biggest failure.
The S&P BSE Sensex dropped 1 points to end at 26,396 and the Nifty50 slipped 2 points to end at 8,109.
India Inc expects the RBI to cut interest rates by early next year.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
In order to determine whether this would be sound strategy for them, one needs to look at two issues: One, on the alliances being built globally between telcos, on one hand, and cloud service firms, on the other, especially with the advent of 5G; and two, how their business strategies in India will blend into with such a deal.
Like pharmaceutical companies globally - which used to enjoy a preferential exchange rate in Venezuela - Indian producers have been left badly stung by the collapse of the bolivar currency
American media has taken a critical view of his accomplishments, saying his flagship 'Make in India' drive is "so far mostly hype."
Prime Minister Narendra Modi is not taking along an industry delegation to the US but top representatives of India Inc are likely to travel to New York and Washington to be part of the power-packed business meetings and receptions being hosted for him.
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
One of the most important aspects of a shared space is maintaining a quiet and peaceful environment, says Prashant Garg.
RPG Enterprises Chairman Harsh Goenka thinks aloud about what Vijay Mallya could or should do to get out of the current mess.
'Students tell me their parents are fine with them either joining a start up or even starting one. This was not the case 10 years ago.'
Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling
The 30-share Sensex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.
'Most investors are still waiting for the winners to correct.'
Parties expected to splurge a fourth of advertising budget on social media.
More and more companies are warming up to the idea of reverse mentoring.
After a volatile session, Sensex closed the day 563 points lower
'In mocking him, Modi and Shah went horribly wrong.'
'It made Gandhi determined to fight to the finish, which now has the entire Sangh Parivar rattled,' says a Congress leader, privy to the repeated RSS outreach for a rapproachment.
'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
The 30-share Sensex lost 12 points to end at 29,559 and the 50-share Nifty climbed 4 points to close at 8,914.
'Pure, uncluttered anti-Modi-ism, however angry, can't be an ideology or an electoral alternative.' 'The best it can do for you is damage Mr Modi enough for him to finish below 200.' 'Can it enable you to cross 100 to begin with?' asks Shekhar Gupta.
Markets across the globe are rallying on hopes that the US Federal Reserve won't lift interest rates until 2016.
Impact of the slowdown is most visible among promoter/owner-CEOs
Tamal Bandyopadhyay details HDFC Bank's digital journey.
'Indians go to vote next week -- the world's oldest democracy should both celebrate and perhaps analyse this event and its implications.' Dr S Jaishankar, India's ambassador to the US, offers prescriptions for India-US ties.
New Google CEO Sundar Pichai made ascent with low-key style and technical chops.
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