Flush with liquidity, banks are eager to lend. And, therein lies the problem, warns Tamal Bandyopadhyay.
Delhi Capitals skipper Rishabh Pant credited his bowling unit, especially experienced leg-spinner Amit Mishra, for his side's six-wicket victory over defending champions Mumbai Indians in a low-scoring IPL match, in Chennai, on Tuesday.
'The IPL was a big learning for me that whatever you do at this level, you should be confident about yourself.'
Axis Bank's acquisition of Citibank's consumer finance business for Rs 12,325 crore - the second biggest deal in the Indian banking sector - is seen as a good deal at a good price. The acquisition enables Axis Bank to close the gap with competition in some key segments such as credit cards. At the same time, there are some key issues that are crucial for the deal's success, apart from the fact that it will take some time for Axis to reap the full harvest of its investment.
'The prospects for both India and the global economy is that we are headed towards a very difficult time.' 'I see very uncertain at least 8-10 months for both India and the rest of the world.'
Young wicketkeeper Rishabh Pant, facing flak for his performance behind the wickets during the just-concluded ODI series against Australia, briefly worked with former India stumper Kiran More in Mumbai on Friday.
'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'
Mutual fund houses hold Rs 3,400 crore of Yes Bank's 'riskier' bonds. Reliance MF, Franklin Templeton MF and UTI MF account for bulk of these exposures.
Investors took the Yes Bank event negatively because it raises a question on the stability of the overall Indian financial system.
Biden previously stated he did not believe the Russian leader had made up his mind but acknowledged his insights into Putin's thinking were limited.
'I'm 79 + now, and I've been doing all this since my late 20s.' 'Sometimes the ideological war extends to the home as well.' 'Many nights I couldn't sleep when someone close to me uttered the smallest insult.' 'It would cause me a lot of pain. But one has to be honest to oneself.'
Zee Entertainment last week witnessed shareholder activism that saw an open call for the ouster of promoters and the incumbent management led by Punit Goenka. Besides, Dish TV also faced a similar call earlier this month. The trouble at Zee Entertainment can be gauged from the fact that this is a unique company wherein the promoters own just 3.99 per cent, but fully control the firm.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Former Doordarshan director general Archana Datta lost her mother and husband to COVID-19 in the span of an hour after a desperate scramble to get them admitted to hospital in time to stem their falling oxygen levels failed.
'The robust tax collections give the finance minister a fair amount of headroom for an expansionary fiscal policy.'
His advice was to always start with small positions because we are bound to make mistakes; and remain humble because the markets can be merciless, remembers Debashis Basu.
'Indian macro conditions have never been better, and many businesses will safely compound earnings over the next five years.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
Top gainers in the Sensex pack included HCL Tech, Tata Motors, M&M, Bajaj Auto, RIL, Hero MotoCorp, Yes Bank, Maruti, HDFC Bank and Bajaj Finance, which surged up to 6.43 per cent.
'They are not tom-tomming what a great thing the Supreme Court decision is.' 'If they say it was a great thing, the public will react because people suffered and are still suffering.'
'In India, the establishment not only endorses, but many a times instigates anti-Muslim hatred.'
It said banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.
Kapoor, 62, and the Wadhawans were arrested by the agency in this case early this year and they are in judicial custody at present.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Until this innings, Dhoni didn't have a duck in his last 108 T20 games. This was his first zero in T20s since 2015.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
'If you persist in opposing the government, they set the ED or the NIA on you. And the courts have not given us much hope.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Marcus Stoinis, a limited-overs specialist, said that Delhi Capitals has a right balance.
'We have to think of the repercussions if public sector banks are privatised and if they go to foreign hands.'
The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the Budget next year, a top official said. Revenue secretary Tarun Bajaj said that in terms of income tax, some people are already paying capital gains tax on the income from cryptocurrency, and in respect of Goods and Services Tax (GST) also the law is "very clear" that the rate would be applicable as those in case of other services.
Among the Sensex stocks, Tata Motors emerged as the top gainer, rising by 7 per cent. Yes Bank, ICICI Bank, Vedanta Ltd and Tata Steel were among the gainers.
A majority of the ICC board members believe that India is trying to bide time
'Congratulations on an excellent campaign @sunrisers. You took your supporters on a roller coaster but you produced a lot of joy.'
Seed and early-stage start-ups are high-risk businesses, rarely have collateral and only 1 in 10 of them makes it to becoming a viable company.
Brushing aside concerns raised by proxy advisory firm IiAS on Suzuki's investment in the EV project, Maruti Suzuki chairman RC Bhargava on Thursday asserted that there was nothing in it against the interest of the company and its shareholders as it is part of an earlier arrangement. Countering the criticism from the proxy advisory firm, Bhargava noted that all models produced at Suzuki Motor Gujarat (SMG), including EVs, would be ultimately sold by Maruti Suzuki India (MSI) in the marketplace. IiAS has raised serious questions regarding the decision of the Suzuki Motor Corporation (SMC) to invest directly in the EV project instead of MSI doing it.
Admitting that credit growth is "very low" given the size and growth rate of the economy, the Reserve Bank on Wednesday said for both the numbers to match, "the very very wide output gap" has to close. The central bank also clarified that low credit growth does not necessarily mean low credit flow to the economy, or choking of credit to the system, as bank credit growth numbers that the central bank publishes regularly represent only the outstanding credit in the system. Output gap means due to poor demand conditions, companies are unable run their plant at full installed capacity or, in a larger sense, an economy is not producing optimally as the demand is missing.
'A time-wise, as well as price correction, so that the market can absorb the gains made over the past 17 months.'
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