ADB pegs India's GDP growth at 7.8 per cent in FY 2015-16
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Addressing a Ficci-organised banking summit in Mumbai, he at the same time said that it will take several years for the country's banks to achieve the status of a large global bank.
The spotlight on London football usually shines on glamour clubs Arsenal, Chelsea, Tottenham Hotspur or West Ham United but rarely on unfashionable Brentford who last played in the top flight nearly 70 years ago.
'Markets should be driven more or less by earnings growth.'
Enormous debt isn't the only thing afflicting Air India. Its work culture is an equal culprit in its downfall.
Index heavyweights Reliance Industries, HDFC and Infosys were the top Sensex gainers.
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on a visiting position. In an interview to Dilasha Seth and Somesh Jha, he says the ease of doing business agenda needs to move forward and India must try to integrate with the global value chains. Edited excerpts.
Sensex dull at close, Infosys rules, ITC drags.
In an interview with rediff.com's Vicky Nanjappa, Congress leader Madhu Yaskhi Goud says that the Bill was passed with a 2/3rds majority and there was absolutely no illegality in the entire process.
For some, he is a visionary who grew his one-channel firm into a media giant by the sheer dint of his courage; for others, he is a compulsive risk-taker.
The government shouldn't hide behind the veil of making a domestic giant out of the HPC-ONGC deal, rather it should just say it needs cash from this divestment exercise, says Sudhir Bisht.
CPI-M says it is ready to forge a front with Congress in Parliament on issues like land bill and secularism but ruled out being part of a national front.
Foreign investors are betting top dollar on the country as growth is likely to recover at a time when other emerging markets are battling macroeconomic adjustments.
Sharad Yadav says that reports about disquiet among the factions are 'sponsored'.
The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.
The escalating situation in the Kashmir valley is the vanguard actions of global jihad, says Brigadier S K Chatterji (retd). And in this battle, he believes, perception management operations will be just important as operations to neutralise the terrorists.
Aditya Puri thinks the government is on track.
The 'AIADMK symbol issue' may be a fit case for the courts and the legislature to provide for a new law for application in similar fluid, dynamic political situations, says N Sathiya Moorthy.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
Addressing the Indian diaspora on the second day of his three-day visit to Malaysia, Modi said India draws strength from its diversity and that his government is working to create an environment where enterprise flourishes and everybody gets basic needs like roof, sanitation, water, health care and education.
We get tangled up in our own crooked web on purchases, and the murky arms bazaar knows it, says Shekhar Gupta.
Inflow of more funds is likely to widen the reach of insurance and drive M&A activities in the sector where growth has stalled.
Brokers like Vasudevan are struggling to keep themselves in tune with this super-informed, new-generation retail investor.
With over 135 news channels, about a third owned by politicians and real estate guys, the news TV market is a nightmare, says Vanita Kohli-Khandekar.
Having ensured the passage of the Telangana Bill, Congress president Sonia Gandhi's main concern now is to see there is no tension in the state and that the decision is accepted amicably by the people of Seema-Andhra following reports of simmering anger in this region over the bifurcation of Andhra Pradesh.
Opposition on Monday picked holes in various government decisions like demonetisation and surgical strikes as well as allocation of funds for MNREGA, agriculture sector and Scheduled Castes, saying it has failed on all fronts despite which it is trying to "fool" the people.
From selling 14,000 Jeeps in 1973, we slipped to selling just 7,000 vehicles within just three-and-a-half years by 1976.
Flipkart's current valuation is an estimated $12 billion.
'Today, three areas give banks a big headache -- steel, power, infrastructure.' 'Three Cs are very critical in lending -- character, capacity and collateral of the borrower.'
Ministers in the Narendra Modi government have been busy making presentations on their 100 days of work. But what these presentations do not mention is that decisions by ministers have been few, with plenty of papers and files moving to the Prime Minister's Office, which is increasingly emerging as a centralised clearance point, even for routine and ordinary issues. Though policy paralysis was a term used freely for the United Progressive Alliance regime, questions are now being raised about pending decisions across ministries and whether at least some ministers have turned redundant.
In his first interview after the announcement on Telangana, Jaipal Reddy spoke about the historical background of the movement, Narendra Modi and other issues.
Ramji Raghavan is using this principle to help village children from government schools enjoy science and maths. Indulekha Aravind reports
On the occasion of the Narendra Modi government completing one year in office, Sheela Bhatt/Rediff.com speaks to BJP president Amit Shah who is yin to Modi's yang. Don't miss it!
Under Sharma Axis Bank has also taken the lead in focusing on technology, which has now become core to almost every other lender's strategy.
Now that Tamil Nadu's tallest politician is no more, it remains to be seen how new political re-alignments could shape up, says N Sathiya Moorthy.
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
'India is no longer the India of the '70s and the '80s.' 'It's a large country with the fastest growing economy.' 'In working with India, you just can't go and humiliate the nation publicly.' USIBC President Mukesh Aghi tells Aziz Haniffa/Rediff.com about how he advises American companies to do business with India, what he thinks of Modi's government and the way forward for the India-US relationship.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
Once a beggar, Renuka Aradhya's company has a turnover of Rs 30 crore and employs 150 people.
News media takes a beating from the economy, advertisers and the rupee. To stay afloat, publishers are reacting by folding up businesses and axing staff.
