Although residential sales faced a major set back in Q2, they made a comeback with help of pent up demand.
New strategy for Infosys by October, says Nandan Nilekani. New chairman's other priorities: Hiring CEO, reviewing Panaya probe reports.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
A Bank Investment Company to act as a holding company for state-owned banks would go a long way in minimising government interference and improving governance.
'India does not wish to remain silent in improving its strategic space so that its leverage to counter China's expansionist designs is maintained, besides enabling it to play a responsible role from a position of strength for peace and stability in Asia,' points out Dr Rajaram Panda.
Unless the Taliban goofs up in a big way, which seems highly unlikely, we are looking at a regime that will be around for quite a long while and present a level of governance that the puppets of the richest and most advanced countries failed to provide, predicts Ambassador M K Bhadrakumar.
'There appears to be no relation between a government with a majority and GDP growth as the stock market and its analysts seem to fear.'
Sharma says efforts on to bring dissenting ministries on board eBiz platform.
The Survey projected growth rate of 7-7.75 per cent for 2016-17 with downside risks due to weak global economic scenario.
Let all the stakeholders, especially the government, remember that if the Make in India lion needs to roar and rise again, it won't happen unless India Inc rises too, points out Shekaar Subramanian.
Unless you are a fresher, you should not circulate a generic CV for all openings, says Achin Bhattacharyya.
Prime Minister Narendra Modi on Friday said his government has carried out major reforms -- including labour reforms and reforms in insurance and defence sectors -- 'in less than 100 days' and stopped reversals Indian economy had been facing.
'I will be present for a few matches, but I won't be doing that on a daily basis like I used to do.' 'A lot of people ask me why I am not doing films. I say I can do only one thing well at a time.' 'Right now, I am back into the entertainment business because I truly wanted to return to it.'
About 53 million homes in the country are yet to get electricity and many industries depend on diesel generation sets to meet their requirements.
'The Indian version is that the two top diplomats merely exchanged pleasantries, while the Pakistani side characterised the encounter as an 'informal dialogue'.' 'The truth, as always in such piquant situations, is somewhere in between.' 'It stands to reason that ice has been broken,' says Ambassador M K Bhadrakumar.
GST stabilisation, DTC implementation and banking reforms are crucial for sustaining high growth for a long period, says Rashesh Shah.
Duvvuri Subbarao recounts how his tensions with P Chidambaram and Pranab Mukherjee, then finance ministers, over monetary policy spilled over into other issues in the central bank in this excerpt from Who Moved My Interest Rate?, his memoir of his term as Reserve Bank of India governor.
The proposals appeared so far apart that success seemed higly unlikely
EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens.
Excerpts from Prime Minister Narendra Modi's speech at the Combined Commanders Conference on board the INS Vikramaditya at sea, off the coast of Kochi.
"I am an academic and I have always made it clear that my ultimate home is in the realm of ideas," Rajan said in a letter to staff.
Rajan tells RBI colleagues he will be returning to academics
'Markets should be driven more or less by earnings growth.'
'Success will require political skill, not just economic expertise'
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
Chinese leaders may well respond to challenges with heightened rhetoric.
Tamal Bandyopadhyay discusses his latest book Bandhan: The Making of a Bank at Bandhan headquarters in Kolkata.
Dr Raghuram Rajan's departure holds lessons for all, be it sections of the media, politicians or the people themselves. We need to learn how to value and retain talent. At the same time the talented must realise that talent alone does not ensure the top job, says Sanjeev Nayyar.
Sahil Kapoor of Edelweiss Retail Capital Market Research says that setting up a monetary policy committee should have been the first step. And the central bank could have moved towards a formal inflation targeting mechanism after the processes and data sets are in place.
Humanitarian intervention has little meaning unless the international community is willing to engage in the aftermath, says Shyam Saran.
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
For one thing, US Fed Chairman Ben Bernanke was perhaps right in postponing the quantitative easing taper even though the markets had complained at that time that they were primed for some reduction in QE3 and the Fed had missed an opportunity to execute their plans without causing too much of a flutter.
Indian economy about to take-off
After weighing all the costs and benefits, the next administration is likely to reduce and restructure assistance to Pakistan but not to end it altogether, says Daniel S Markey.
