Europe's discordant leaders snatched a deal on Monday that might just avert Greece's euro exit, but global investors' faith in the durability of the single currency has been tested yet again.
'As he goes down, he will almost certainly drag a few others down with him.' 'Once the mutual mudslinging has died down, collateral damage will probably include more bankers than politicians, given the nature of how things work in India,' says T N Ninan.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
With the help of Practo Ray, doctors can share reports.
RBI might further cut rates by 50-75 basis points later.
The use of RBI capital to strengthen public sector banks will have many positive implications for the economy -- and a few manageable downsides, points out R Jagannathan.
This is the first time in the RBI's history that a governor is leaving without willing to renew his contract
An action on the rate front is unlikely to figure in Rajan's plan for the moment.
Such listings will help internationalise our currency, give us economic heft, compel best in class regulations and further develop the professional-services ecosystem., says Amit Tandon.
Shift to new business model to help companies cut capital cost, increase margins.
Vijay Mallya has lost control of his companies.
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
The December quarter, generally a soft one for India's IT sector due to holidays and furloughs in certain sectors, is expected to be further affected because of currency volatility.
Since mid-July, the RBI has taken steps to tighten cash conditions, which have failed to support the rupee but sent bond yields surging, posing a fresh threat to the already cooling economy.
Modi is not being consistent with his past record of caution.' 'Has something changed in the way Modi does things?'
China has cast a long shadow on India's economy.
The initiatives intended to benefit the common man include e-ticketing, catering on demand, bio-toilets, food for infants, better stations.
The bank lost out on fairly meaningful quantum of fees from point of sale terminals and ATM usage during the demonetisation exercise.
The abolition of wealth tax is again a welcome step.
Kalyan Jewellers is eyeing overseas expansion by catering to India-like markets and the diaspora
The success stems from Titan's betting hard on wedding jewellery over the last three years. It now contributes 20 per cent to revenue.
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
The RBI recently met with a handful of foreign banks and asked them to stop acting as market-makers for rupee NDFs, according to three bankers involved in the discussions.
Being a non-profit firm, Young Indian does not have a profit and loss account.
With RBI likely to make credit costlier and banks to follow, some ideas on switching money to be able to do this.
Sunshine Schools are looking to attract interest from members of the urban 'aspirational' class -- vegetable vendors, security guards, drivers, etc -- who cannot afford the fees charged by budget private schools.
Pooling will also kick-start projects of Reliance Power, Torrent, Lanco.
With China and Bangladesh losing their edge, textile exports from Tirupur are rising once again, turning the city into a job magnet.
Every housing finance company, and every bank with a large housing finance exposure, will see loss of volumes in this quarter.
The government has also built in mechanism to protect investors from price fluctuation.
New real estate portals like PropTiger and Commonfloor are also focusing on the secondary market in a big way.
Sensex eneded lower on poor perfromance by financials and IT stocks.
The Supreme Court-mandated ban on all mining operations in Goa -- the second in less than a decade -- will disrupt the livelihoods of tens of thousands in the state, points out P K Mukherjee.
Market participants are now awaiting Thursday's meeting of the European Central Bank
On the individual front, housing loan rebate on self-occupied property was increased from Rs 1,50,000 to Rs 2,00,000.
In markets such as Mumbai, prices have gone beyond Rs 1.5 cr to Rs 2 cr which is beyond reach of most of the salaried class
More than Indian exporters, it is Indian business families based in Sri Lanka and Hong Kong which have exploited the Bangladesh advantage
'Although the Election Commission remains convinced about the EVM's integrity, as a fair umpire of the game it was necessary to travel the last mile to convince political players that the entire process was not only fair but transparently so.' A fascinating excerpt from former Chief Election Commissioner Navin Chawla's new book, Excerpted from Every Vote Counts: The Story Of India's Elections.
Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 per cent, while other banks including market leader SBI have indicated that they would follow suit.
Woefully inadequate infrastructure is just one of the many reasons why a case is not settled within 180 days and even 270 days as envisaged by the law, says Tamal Bandyopadhyay.
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