Aditya Puri, MD of HDFC Bank, who heads CNBC-TV18‘s India Business Leader Awards (IBLA) jury, said that if demonetisation is executed as envisaged, then it will bring in a lot of efficiencies.
Speaking to CNBC-TV18, Sanjay Nayar, CEO of KKR India said that manufacturing is the exciting segment now. â€œWith operational ease in India, manufacturing has to remain top priority for us,â€ he said.
RBI Governor Raghuram Rajan kept the key policy rate unchanged in his last policy meet -- as expected, and brought down the curtains on what could said to be a stellar inning. CNBC-TV18 spoke to a wide spectrum of people from different walks of life to share their views on the outgoing governor.
Fosun Pharma complements the injectables platform created by Gland Pharma and provides scope to expand into front-end marketing, said Gland's Vice Chairman and Managing Director Ravi Penmetsa.
Speaking to CNBC-TV18 SBI Chairman Arundhati Bhattacharya said the reason for banks proposing to hold majority stake in these funds was that they feel the pain most.
"Mantri Developers Pvt Ltd has signed a definitive agreement with leading global investment firm KKR under which KKR will invest Rs 145 crore in a luxury residential project in Bangalore developed by Mantri Developers," the Bengaluru- based realty firm said in a statement today.
About 15-20 National Company Law Tribunals will be set up to hear insolvency cases. The first case can come within a year itself, says MR Umarji, Member, Bankruptcy Law Committee.
Watch accompanying videos of Antique India Conference 2016, wherein eminent guests like Dilip Shanghvi, MD of Sun Pharmaceutical Industries, Adi Godrej, Chairman of Godrej Group and Sanjay Nayar, CEO of KKR India expressed their views about Budget and economic reforms in India.
Sanjay Nayar, CEO at KKR India says, it is crucial to identify the problem early enough and not wait till the condition of the corporate becomes so bad that you lose equity value. â€œThere is no point throwing good money after bad, â€œhe adds.
The deal, valued at approximately Rs 489 crore, will lead to a 25 percent stake of KKR Jupiter in JBF Industries, a leading manufacturer of polyester value-chain products.
In an interview with CNBC-TV18's Sapna Das, Sanjay Nayar of KKR Advisors says he is going to be focussed on macros because that's what is going to be driving the India story in the short-term.
As it prepares a new regulatory framework for startups and alternative investments, regulator Sebi on Thursday set up an 18-member panel headed by IT czar NR Narayana Murthy to advise on policy matters in this regard.
This is the second post-retirement assignment for Reserve Bank Deputy Governor Anand Sinha, who had earlier been hired in an advisory role at law firm Amarchand & Mangaldas.
It is the eve of the Budget and the wish list continues to get longer and longer. In an interview to CNBC-TV18, Sanjay Nayar, CEO & Country Head â€“ India, KKR India shares his expectations from Finance Minister Arun Jaitley tomorrow.
Investors have cautioned that the urge to not cross the red line of fiscal discipline should not be at the expense of public spends but rather, pruning of subsidies
Nayar says there are no signs of increased consumption spending as yet. He expects the rupee to be under pressure over the next few months
Sanjay Nayar believes it will take another one and a half years for investment appetite to pick up. According to him, domestic investors are looking for clarity in policy reforms and foreign money will follow once domestic economy picks up.
The new government is receptive to improving ease of doing business in India, Sanjay Nayar CEO and Country Head of KKR India says.
Speaking to CNBC-TV18‘s Menaka Doshi, Bindra, alongwith Sanjay Nayar, chief executive officer, KKR India and Pawan Goenka, president- automotive and farm equipment, Mahindra and Mahindra shares his views on the Indian economy and the road ahead.
According to Sanjay Nayar, the investment cycle is not picking up due to lack of confidence among Indian entrepreneurs. The confidence to begin new projects and ensure new growth is required to build the economy but that is still lacking in India.
The RBI has been seeking to incentivise foreign banks that currently exist in India as branches to become wholly owned subsidiaries. But the move has been stuck because of the huge tax payments involved.
With RBI governor Raghuram Rajan talking about a bigger role for foreign banks, experts feel his condition on reciprocity may be a huge hurdle. They don't think the discussion should just be limited to these banks taking over smaller Indian banks.
In banking, India does not require new banks. But existing banks need to be bigger, well-capitalized and reaching out to the Indian population at large rather than adding another four-five small banks that doesn't make any sense.
Although, market expectations were quite high, the Finance Minister failed to deliver and presented an average budget which did not excite investors much. In a panel discussion with CNBC-TV18, Art Woo, Director â€“ Asia, Sovereign Ratings, Fitch Ratings believes P Chidambaram‘s assessment of the fiscal deficit is modestly encouraging.
Sanjay Nayar, Country Head of KKR India believes rate cuts from the RBI will help sentiments going forward. Most businesses in India have done well in the last two to three years in refinancing debt and improving EBITDA, added Nayar.