After unseasonal rains, supply disruptions and pandemic-induced woes pushed retail inflation well over the Reserve Bank's comfort zone in 2020, the scenario is likely to stay that way at least in the short term as economic recovery slowly gains foothold. For most part of this year, pricier food items pushed the retail inflation, based on Consumer Price Index (CPI), higher in the range of 6.58-7.61 per cent, except for March when the reading was 5.91 per cent. Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors.
The judge said the assets of the respondent company cannot be left under the control of UBHL and could be handed over to official liquidator to achieve the winding up process s per the law.
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
The new Diageo management had asked Vijay Mallya to step down.
Mallya's Rajya Sabha declaration lists investments in racing, finance and investment firms.
Stakeholders' Empowerment Services (SES) has advised Diageo to renege on its deal with United Spirits (USL) chairman Vijay Mallya.
The government had last sold 5 per cent stake in ONGC in 2012 for Rs 14,000 crore (Rs 140 billion).
Citi, HSBC and UBS etc have already cut their market targets.
It was a case of 'buy on hopes and sell on news' as the Indian market posted only modest gains despite a landslide victory to Narendra Modi-led Bharatiya Janata Party (BJP).
United Spirits had a tough time in recent past due to management related issues. Going ahead, corporate governance is a big challenge, say experts.
The ED's fresh chargesheet against Mallya and his firms is likely to pave the way for him to be declared "fugitive" under a new Indian law.
Liquidity has improved, but 20 out of 24 NBFC stocks are staring at an over 5% reduction in 12-month target prices.
Enjoying the backing of the regulator, Gill has identified the core problems, ring-fenced the banks from "influencers" and is in the process of building a new team. Now, he needs to play a Vikram Pandit for YES Bank, says Tamal Bandyopadhyay.
Sebi asked to reconsider open offer nod as KFA was identified as wilful defaulter.
Mallya has denied that he had fled India and said he would comply with laws.
Bharti may look at gaining market share pre-merger and benefit from a lower capex intensity
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
The agency did not seek a reappointment in FY12.
The assets mentioned in the Sebi order are already in possession of the ED for violation of an anti-money laundering law by Mallya and PMLA overrides all other laws, providing ED first right over the assets.
'It is easy to dramatise the events of today, but it is far more important to focus on the fact that we have a radically overvalued financial sector. It is a house of cards.'
Heineken could call a shareholder meeting to vote on his ouster from a company his father built into a family empire
With their net debt estimated at Rs 1.15 trillion, the merged entity will not be in much of a position to dole out freebies, says Romita Majumdar.
Besides Surat, which will also be the world's fastest growing city during 2019-35, the other nine cities are Agra, Bengaluru Hyderabad, Nagpur, Tiruppur, Rajkot, Tiruchirappalli, Chennai and Vijayawada.
If the rupee falls further, it would negatively impact the dollar-based returns of foreign investors, and could influence foreign flows into India.
Agency sources said that besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have been named as accused in the FIR.
Tag for defaults on nearly Rs 7,000 cr loans to long-grounded Kingfisher Airlines
'The appellant (Mallya) has five business days to apply for oral consideration. If a renewal application is made, it will be listed before a high court judge and dealt with at a hearing,' a spokesperson for the UK judiciary said.
Germany will retain their World Cup title in Moscow to equal Brazil's record of five wins in the tournament, according to a Reuters poll of financial specialists more used to predicting market moves.
RBI is committed to bringing down retail inflation to eight per cent by January 2015 and six per cent by January 2016.
Gold is often favoured as a hedge against economic and financial uncertainty
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Banks, real estate and metal scrips among the top losers.
The Chinese currency too is expected to continue its fall.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
Move aimed at giving more headroom to foreign investors.
These circles account for 23 per cent of Bharti's revenues and armed with additional spectrum, it will eat into rivals' share
This measure will ensure that the price of a scrip cannot move upward or downward beyond a limit set for the day.
Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high.
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