RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
the three investors that have submitted their final bids are not commercial banks. Among the three, one is a non-banking financial company. Another distinctive feature of the revival is that PMC may lose its cooperative bank characteristic after its reconstruction.
The investment bank adds that company's September-quarter earnings came in line with consensus estimates.
For the sake of transparency, and to reduce undesirable bond market volatility, clarity on these would be welcome, preferably before the budgets for the next fiscal year get finalised, says Neelkanth Mishra.
New head of the Confederation of Indian Industry speaks.
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.
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
Trai is planning to map the quality of service of all telcos.
However, RBI would continue to nudge banks to cut lending rates
Markets recovered in late trades, amid firm European cues, led by rebound in financials and gains in IT shares.
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If we can come up with ways of sharing property rights on the internet, why not do something similar in urban spaces, asks Ajit Balakrishnan.
Achieving inflation target of 4 per cent, recovery after remonetisation and hardening profile of oil prices are some of the risks which the RBI is watching closely, says Gaurav Kapur.
The S&P BSE Sensex has gained 149 points to open at 25,802.
With all its ups and downs, 2015 is now concluding. And the New Year will bring new expectations to all of us. So tell us your expectations from 2016:
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
The Rupee is 3.7 per cent undervalued on trade related basis.
The Economic Survey said that a number of indicators -- GDP, IIP, credit, investment and capacity utilisation, point to a deceleration in real activity since first quarter of 2016-17 and a further deceleration since the third quarter.
New age technology will reshape India's future.
Dealers say foreign investors are now taking keen interest in lower-rated corporate bonds, too
Why the Bihar defeat can be the best thing for him as PM, but only if he has the humility to read the writing on the wall, says Shekhar Gupta.
'I hope Rahul Gandhi's interventions in Parliament are not flashes in the pan and that he is in it for the long haul.'
The gains will be gradual as the measure will be executed over 12 months or so.
With climate change impacts worsening and affecting the poor and most vulnerable, governments urgently need to scale up adaptation
Foreign portfolio investors were net buyers in equities to the tune of Rs 119 crore, as per provisional stock exchange data.
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%
According to sources, Prime Minister Nawaz Sharif has given his nod to Pakistan to play a bilateral series against India in Sri Lanka.
'People can start making a safety net, and that safety net should be at least three months of your monthly salary.' 'If somebody is earning Rs 25,000 then s/he should have at least Rs 75,000 in her/his bank account, so that if anything like this (lockdowns) happens in the future, they are not struggling.'
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
This is the highest closing for both the indices since May 15.
PCB Chairman, Najam Sethi is in the UK meeting with the British legal firm for advise. PCB's chief operating officer, Subhan Ahmad has also flown to London for the same purpose.
'The variables to watch include the monsoon, resolution of NBFC liquidity issues, GST collections, and NPA resolution.'
Analysts believe the film should cross Rs 120 crore over the four-day weekend.
The Centre is against giving any shock in the first year of the rollout by bringing in new services.
Sensex ended up 190 points at 25,519 and Nifty climbed 57 points to end at 7,626.
Bank of Baroda has relatively better position on impaired assets.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
'Once our voices are crushed, they can bring in an agenda of privatisation.'
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