'Techies who did a master's there and moved to US companies look down on Indian companies who they consider as just doing body shopping.'
Indian corporate are increasingly shifting away from bank funding towards alternative sources, such as equity and bond markets, as their deleveraged balance sheets have improved their ability to raise equity at better valuations. Moreover, the 100 basis points (bps) rate cut by the Reserve Bank of India (RBI) has enabled them to access long-term funds from the debt capital market at cheaper rates.
India's 18 largest states, accounting for over 90 per cent of the country's gross state domestic product (GSDP), are likely to record a marginal uptick in revenue growth to 7-9 per cent this year, from 6.6 per cent clocked in 2024-25 (FY25), rating agency Crisil said in a report on Tuesday. This growth, slower than the decadal average of about 10 per cent, would lift these states' cumulative revenue to around Rs 40 trillion in FY26 from Rs 37.26 trillion in FY25.
A parliamentary panel has sought details from two key government ministries on actions planned against social media platforms and influencers who "seem to be working against national interest" following a recent terror attack in Pahalgam. The panel, headed by BJP MP Nishikant Dubey, has asked the ministries of Information and Broadcasting, and Electronics and Information Technology to provide details of any contemplated action to ban such platforms under the IT Act 2000 and the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. However, a member of the panel, Trinamool Congress MP Saket Gokhale, has denied receiving any communication related to the issue and claims that the chairperson cannot issue a statement without the approval of the committee.
Uttam Ghosh wonders why the slightest hint of dissent so irks the most authoritarian government since Indira Gandhi's time that it deploys the agencies at its command to try and silence dissenting voices.
Equity investors are up for an eventful trading week ahead as the 90-day suspension period of the reciprocal tariffs announced by US President Donald Trump ends on July 9, analysts said, adding that a positive outcome from the trade negotiations could further lift market sentiment, particularly benefiting trade-sensitive sectors.
Uttam Ghosh offers his unique take on the prime minister's birthday.
From the 30 blue-chip stocks, Titan, Asian Paints, Nestle, Tech Mahindra, Reliance Industries, Zomato, Larsen & Toubro and Bajaj Finserv were among the laggards. Adani Ports, Mahindra & Mahindra, Maruti, Sun Pharma, Bharti Airtel and Tata Motors were among the gainers.
Uttam Ghosh/Rediff.com offers his take on the raging controversy over the Ghar Vapsi -- conversion of Muslim and Christians -- programmes planned by fundamentalist Hindu outfits, which has disrupted Parliament all week.
The factor fund launch spree by mutual funds (MFs) is moving from the passive to the active space. Two new fund offerings (NFOs) - ICICI Pru Active Momentum Fund and Bandhan Multi-Factor Fund - are currently open for subscription. Sundaram MF's multi-factor fund NFO closed this Wednesday.
Uttam Ghosh/Rediff.com offers his unique perspective on several issues of the day.
Uttam Ghosh offers his take on the RBI's revelation that Rs 15.28 lakh crore, or 99 per cent of the junked 500 and 1,000 rupee notes, have returned to the banking system.
Uttam Ghosh offers his take on the Aamir Khan controversy.
Uttam Ghosh offers his take on these contrasting images of Freedom of Speech that exists in our great land.
Uttam Ghosh/Rediff.com offers his perspective on the political circus that poll-bound Uttar Pradesh has turned into.
Uma Bharti, sanyasin and India's minister for river welfare, sourced the inspiration for demonetisation when she told the Economic Times earlier this week that Prime Minister Narendra Modi 'has implemented Karl Marx's idea on black money.'
As Rahul Gandhi resumed the Bharat Jodo Yatra in Nanded district on November 9, Uttam Ghosh/Rediff.com spoke with yatris who have walked from Kanyakumari for more than 63 days.
The government's decision to permit in-flight calls gave Uttam Ghosh a shudder as he imagines what may ensue on domestic flights once Indians get talking on their cell phones.
Uttam Ghosh on how the government's move to give 'yoga visas' may backfire.
Uttam Ghosh On the controversy surrounding Sri Sri Ravi Shankar's World Culture Festival.
Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.
Following Tamil Nadu Chief Minister Jayalalithaa's promise to extend sops given in her state tp all over India if she becomes prime minister, Rediff.com's Uttam Ghosh offers his perspective.
Uttam Ghosh offers his take on the events of August 5, 2020.
Uttam Ghosh offers his take on the Kerala floods and the Centre's relief response.
The 13th-month persistency rate of life insurers - an important metric indicating the retention of new policies - declined in the first quarter of 2025-26 (Q1FY26). This fall was primarily driven by a lower share of high-value policies, following taxation changes implemented in April 2023.
With demand for information-technology (IT) services in North America still sluggish, Europe has become a source of optimism for Indian companies because it is delivering steady gains over the past two years and continuing to outperform in the latest quarter. Yet analysts caution a full-scale revival will require a rebound in the United States (US), particularly in manufacturing, retail, and BFSI (banking, financial services, and insurance), because Europe contributes only about a third of the revenues.
Uttam's Take: Narendra Modi's Chai Pe Charcha
Uttam Ghosh offers his take on the ultimate sacrifice by then soldiers of the Madras Regiment on the Siachen glacier, the world's highest battlefield.
surveys the scene in Jammu and Kashmir following separatist leader Masarat Alam's release.
Non-resident Indians (NRIs) haven't gone big on the Indian stock market story despite the post-pandemic boom. While domestic participation through mutual funds (MFs) and dematerialised accounts has soared, NRI participation figures show limited signs of a similar rise.
From the Sensex pack, Bajaj Finserv, Bajaj Finance, Sun Pharma, Zomato, Tata Steel and Nestle were the biggest gainers. UltraTech Cement, Tata Motors, Mahindra & Mahindra, Kotak Mahindra Bank, Tech Mahindra and State Bank of India were among the major laggards.
Uttam Ghosh outlins the festive madness
The Election Commission, the ultimate symbol of Indian democracy, has flagged off the great Election Race. Rediff.com's Uttam Ghosh offers his quirky take on the mind-boggling electoral exercise.
Young investors with a higher risk appetite are better off with a combination of term insurance and equity funds.
American sourcing firms and exporters in China are approaching Indian companies to supply goods to the US as high tariffs imposed by Washington are making it difficult for them to ship directly to America, apex exporters' body FIEO said on Monday. The US has imposed 145 per cent tariffs on Chinese goods entering the American market. For India, the duty is just 10 per cent.
Uttam Ghosh pays tribute to V Gangadhar, the long-time Rediff.com columnist who passed into the ages on Monday, October 10, 2023.
Disha Ravi is yet another addition to a growing list of young activists who the Delhi police have arrested since last year on various charges that have yet to be proved in a court of law.
Uttam Ghosh offers his take on Union Minister Anurag Thakur's incendiary slogan.
'Active funds have the ability to manage downside risk.'
