While the RBI unexpectedly handed the markets a sweet deal by holding rates, equity, bond and currency markets remained surprisingly displeased. The RBI’s narrow focus
Month: October 2018
Reliance Health Insurance gets final IRDAI approval to start operations – The Hindu BusinessLine
Reliance Health Insurance, a wholly-owned subsidiary of Reliance Capital, on Friday said it has received R3 approval from IRDAI for its new health insurance business.
RBI governor: Our job is not to rein in rupee, but to curb volatility – Times of India
Highlights The governor said the mandate of RBI monetary policy was to target inflation while its forex operation only sought to eliminate volatility The depreciation
Stay on target: RBI surprises by not raising interest rates
Reserve Bank of India retained its policy interest rate at 6.5% yesterday, making it an outlier among Asian central banks facing similar challenges. There is
Scalding oil, sliding rupee | The Indian Express
Except for the US, most economies of the world are in crisis mode. Policy makers will be judged by how they respond to essentially, for
Focus on inflation — on RBI interest rate – The Hindu
The Reserve Bank of India pulled a surprise on the markets on Friday by keeping its benchmark interest rate unchanged at 6.5%. The decision to stand
IL &FS: the crisis persists! – संकट कायम! | Maharashtra Times
संकट कायम! देशातील पायाभूत सुविधा प्रकल्पांना मोठ्या प्रमाणावर अर्थपुरवठा करणारी इन्फ्रास्ट्रक्चर लीजिंग अँड फायनान्शिअल सर्व्हिसेस (आयएलएफएस) ही कंपनी आर्थिक संकटात सापडल्याच्या वृत्ताचे पडसाद गेला आठवडाभर
Infrastructure Leasing & Financial Services Ltd: IL&FS: The untold tale behind India’s shock takeover of the risky lender – The Economic Times
by Saloni Shukla, Vrishti Beniwal and P R Sanjai With the future stability of the Indian financial system on the line, executives running a giant
Sensex crash: Why Sensex crashed 800 points: Rupee, oil and three other factors
The domestic market crashed big time on Thursday as equity benchmark indices fell more than 2 per cent. The BSE benchmark Sensex registered its biggest point-wise decline
Market: Use all your weapons to stem rupee slide: Jamal Mecklai, Mecklai Financial Services – The Economic Times
It is not just this government’s fault, nobody has really focussed single-mindedly on building exports. Jamal Mecklai, CEO, Mecklai Financial Services, makes a straight pitch
High Court stays action against some exporters for wrongly availing GST benefits – The Economic Times
GST law amendment had brought in pre-import condition that denies IGST benefits to imports which had happened after exports. In what may provide a respite
Petrol–Now start praying for stable crude–Economic Times
The government has done what it eventually had to do in an election year: cut duties on petrol and diesel and ask state-owned oil marketing
What the Doctor orders: Ground report on Ayushman Bharat from Uttar Pradesh and Bihar – The Economic Times
At two government hospitals in Gaya district of neighbouring Bihar, inquisitive patients trickling in are not so lucky, as the equipment to generate the cards
Petrol Prices–Clipping the wrong end–Economic Times
By Thomas Spencer The Centre has given in to pre-poll pressure and cut petrol and diesel prices by Rs 2.50. This will be welcomed by many
Something rotten in ratings–Economic Times
By Milind Deora Infrastructure Leasing & Financial Services (IL&FS) is in hot water. On August 7, credit-rating agency Icra downgraded IL&FS’ long-term loans and debentures
IL&FS crisis: SFIO probe to look for diversion of loan money – The Economic Times
The Serious Fraud Investigation Office will probe whether any of the loans granted to Infrastructure Leasing & Financial Services were diverted for other purposes and
Probe on to find why IL&FS gave ‘a false picture of its financials’ – The Hindu BusinessLine
The fact that the management of Infrastructure Leasing and Financial Services (IL&FS) was providing a false picture of its financials is among the first leads
ICICI-Better late than… | Business Standard Editorials
It speaks volumes for shareholder sentiment that the ICICI Bank stocks soared over four per cent when news of Chanda Kochhar’s early retirement, with immediate effect, as
Essar Steel auction: SC gives ArcelorMittal, NuMetal 2 weeks to clear dues | Business Standard News
The Supreme Court on Thursday decided to give one more opportunity to ArcelorMittal and NuMetal to bid for Essar Steel, but only if they both paid off their non-performing
ICICI–जा रे चंदा.. | Loksatta
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