Given the dimensions, it is bound to have at least ripple effects across markets. Could ripple turn into cascade? asks Devangshu Datta.
Economists have said if a stimulus is needed it should be different from what was provided in 2008-09, when the economy faced the ripple effects of a global meltdown following the Lehman Brothers collapse.
Leading B-schools are not taking any chances and are inviting more companies than usual.
Economists and industry chambers are divided whether the Indian economy is headed towards the same slow growth as was the case during the time of global financial crisis.
On Thursday, the local unit had ended higher by 42 paise at 54.94, its highest closing since May 18 against the dollar on sustained FII inflows.
Global financial crisis has created an adverse impact on the economy especially on the Indian IT industry.
In a statement, the central bank said heightened volatility in capital markets in reaction to Covid-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom.
The tide of the global economy has again turned to anti-growth in general.
Japan's nuclear crisis and the devastations caused by last Friday's earthquake and tsunami are unlikely to trigger a global recession as happened in the aftermath of the collapse of the US investment bank Lehman Brothers three years ago, according to leading economists.
The agency welcomed the Rs 1.70-lakh crore package announced by Finance Minister Nirmala Sitharaman earlier in the day but said more measures like loan forbearances for small businesses and households are necessary.
Nomura has come a long way since launching its first India-dedicated fund six years ago.
ICICI now plans to be more aggressive, while HDFC is in no mood to allow its bigger rival regain lost market share.
To enable widen the fiscal deficit beyond the permissible limit under the present legislation, the government may have to propose amendment to the FRBM Act in the Finance Bill.
Former CFO V Balakrishnan seeks exit of Infosys chairman, co-chairman R Seshasayee, co-chairman Ravi Venkatesan, audit committee chairman Roopa Kudva and nomination committee chairman Jeffrey S Lehman.
Radhika Gupta and Anant Jatia, start-up entrepreneurs, speak about the impetus for their unusual start up, that led them to switch countries and gamble on their futures. They also discuss what it takes to succeed with their unique business proposition, why they quit lucrative careers to start a company in India and their success mantras.
The global financial system needs more regulatory reforms to reduce the possibility of another meltdown, according to experts at International Monetary Fund.
Byju's, says Anita Kishore, has given the founders of the businesses it has acquired the independence to operate separately and maintain their core culture.
The series of defeats is not taking a toll on the Deccan Chargers, as the team looks ahead to their third game in the ongoing Indian Premiere League (IPL).
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings.
The global financial crisis that started in the later part of 2008 following the collapse of the Wall Street investment bank Lehman Brothers may be over but the cleaning up process is still on, said Chairman of Federal Deposit Insurance Corporation Sheila Bair on Tuesday.
Indian policy makers will have to evolve an exit strategy that maintains high growth with price stability.
An interview with Liaquat Ahamed, the 57-year-old author of Pulitzer Prize-winning book, Lords of Finance: The Bankers Who Broke The World.
In three of the past four years, 10-year returns have been 10 per cent or lower, making equity unattractive, compared to other asset classes.
China's journey up the growth curve has been so fast that the ride down could be equally nerve-racking.
Takumi Shibata, chief operating officer, Nomura Holdings, said, "India is one of the most important regions for Nomura's global expansion. Under the leadership of Vikas Sharma, president and CEO of Nomura India, and with a strong team combining Nomura and former Lehman Brothers' expertise in India, I am confident that our footprint in India will significantly expand." Currently, Nomura employs over 2,600 people in India.
Infosys chief mentor and chairman N R Narayana Murthy on Tuesday said the company co-founded by him will get his suitable successor well in time before his retirement in August 2011.
Ashok Reddy, MD and co-founder of India's leading staffing company TeamLease discusses his success mantras.
The outspoken filmmaker of documentaries such as Sicko and Roger and Me, promoted his latest work, Capitalism: A Love Story at the Toronto International Film Festival.
According to analysts, everyone across the globe has learnt several important lessons from the financial turmoil during the past year or two, which has made them highly risk averse.
Historically, such large years are not followed by another huge year. So, strictly going by that, we should be less enthusiastic, says Pankaj Vaish, MD, Nomura Financial Advisory.
The government on Wednesday said the fiscal stimulus given to the industry to combat the adverse impact of the global financial meltdown will not be withdrawn before the budget.
In the manufacturing sector, output is expected to decline by about 70 per cent as only food-processing, and drugs and pharma industries are allowed to operate while other segments, such as engineering and metals, have shut operations.
US President Barack Obama has released his plan to reform Wall Street. A look...
Will consider extending full support after reviewing the situation, says Sharma.
Insurance, telecom, infrastructure, FMCG and energy are unlikely to downsize; Elsewhere, only top performers are safe.
Dharmesh Mistry of Ugam Solutions tells how young employees should cope with hardships during economic slowdowns
France and India have become partners in building a multipolar world.
Crisis in the automotive industry is not over yet, but there are increasing signs that the bottom has been reached.
The big lesson to learn from the world's worst financial crisis is that nations and industry should see globalisation as a friend.
Those on Wall Street cannot resume taking risks without regard for consequences, and expect that next time, American taxpayers will be there to break their fall.
