'We aren't so unreasonable as to demand that he should have fully reversed Indira Gandhi's worst economic legacy, bank nationalisation.' 'But he could have made a beginning by selling off the two most stressed small public sector banks, and then announced that each year for the next 10, one government bank with the most messed-up balance sheet will be sold.' 'It would have electrified the markets, shocked his other banks into better behaviour, and marked his name among the great reformers,' argues Shekhar Gupta.
Whatever the final outcome of this unhappy episode, one thing is clear: a glass once cracked cannot be fixed. The trust is gone forever and the relationship between two old friends lies in tatters. For now, IndiGo, the airline, will have to learn to soar with two angry and distracted commanders, says Anjuli Bhargava.
The Competition Commission of India and the US Federal Trade Commission are yet to give their nod to the biggest pharma merger and acquisition deal this year in the Asia-Pacific region.
Amazon's investors are counting on its international business and expansion to help drive growth and support its $165 billion market value, one of the highest among US firms.
The government must rein in its tax officers.
Parliamentary Affairs Minister Ananth Kumar said the government is ready for a discussion on the issue of alleged financial irregularities in the banking sector and Finance Minister Arun Jaitley will reply to the debate.
In the crazily complex cauldron that is India, where caste, community, class and cash are just the primary ingredients, no one has yet come up with a fool-proof method to ascertain how voters make up their minds, on which button to press, in the privacy of their 'confessional' booths, notes Krishna Prasad.
What is required from government is intellectual framework.
"Protectionism is not new. The attention that is given is because there is a political and emotional element to it." TCS COO N G Subramaniam on why his company is optimistic despite global headwinds.
Clearly, rich Indians have little confidence in India. Perhaps we are also chronically dishonest.
Gandhi attacked Modi and the BJP while latching on to the bribery allegation made by Narendra Patel, an activist of the Hardik Patel-led Patidar Anamat Andolan Samiti.
While the first three parts of the operation, codenamed 'Red Spider', dealt with Indian banks (both private and state-run), the fourth part targeted a couple of foreign banks.
Firms have to adhere to strict compliance requirements mandated by global parents
In refusing to accept its failure, the government has sowed the seeds of further damage: by keeping India short of cash; reducing the headroom for responses to seasonal spikes in cash demand; and increasing the chances that groups will panic at temporary cash shortages, says Mihir Sharma.
One can expect significant changes at India's banks in ensuing months.
My gamble to stand in the queue and get Rs 500 notes had failed. And only the months ahead will tell us if Modi's gamble will succeed or not.
Who could have thought that credit card spending offers a peep not only into the financial health but also into the behaviour of a person!
Sahara said it has initiated legal action against Mirach Capital.
USL claims it has given a report on how the liquor baron channelled money from the company to Kingfisher Airlines, Force India and Watson.
Docomo has now moved the London Court of Arbitration.
'The problems the rest of the world is struggling with -- the future of work, expectations from government and business in a world without jobs -- will be solved in India, by young Indians, before anyone else,' says Mihir S Sharma.
Given the international practice, it is inexplicable why the government is going with anonymous electoral bonds.
"As president, I can put no other consideration before the well being of American citizens," said Trump as he announced his decision to withdraw from the Paris agreement.
In a turn of events, India on Friday said it was "hopeful" talks for a global deal on easing Customs norms, or a trade facilitation agreement (TFA), would be revived in September, even as it failed to meet the July 31 deadline due to lack of consensus among members over food stockholding and farm subsidies.
'Modi followed a prime minister whose second term was marked by such tragic passivity that Indians, it would seem, are willing to go to great pains to help this one realise his ambitions for them.'
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
How will the Modi Sarkar's likely return affect other nations?
SBI, the country's largest lender, had recently issued public auction notices to sell Gopinath's pledged properties
The GST's significance for the BJP's politics is as important as its implications for the Indian economy, says A K Bhattacharya.
In his short speeches at various places, Gandhi assailed Modi over demonetisation and a host of other issues.
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
The company and its sister concern, Forever Precious, owe close to Rs 5,500 crore.
Members of the BSP forced two adjournments of the Rajya Sabha till noon, creating uproar over the suicide of Dalit student, Rohith Vemula.
The surge in the stock market has failed to stem the trend of small-sized brokers shutting operations.
'Make cash available now, don't put people into suffering.' 'You should not come to a situation where the operation was successful and the patient is dying.' 'What did not happen in India for several years, you cannot do in 50 days.' 'This is agony and pain.'
The second-longest serving chairman introduced quite a few measures for the primary market and implemented a new corporate governance framework.
Though they have more than one legal option to recover dues, till NSEL has funds, little can be done.
Lawyers said that assets are being sold and the group is depositing the money with Sebi.
The big test will come at the end of March when the fiscal year ends and banks tend to hold on to cash.
It is unrealistic to expect that change will happen in one year: Birla
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