BUSINESS
Time for another Resurgent India Bond to get in dollars and shore up rupee?
India still has plenty of FX reserves, enough to cover nearly 9 months of imports. Even if one nets out forward sales, FX reserves at $660 billion-plus are enough for over 8 months of imports(counting goods & services).
COMPANIES
Ajay Piramal reveals the mantra behind his string of M&A successes
From 1988 to 2006, Piramal bought several distressed Indian units of pharma MNCs at 1x their sales and sold them in 2010 to Abbott Ltd. at 9x their revenues
BUSINESS
Greater securitisation is the answer to slowing deposit growth: SBI Chairman
SBI chairman C S Setty says deposit-to-MF shift is irreversible, urges securitisation to fund credit growth, and credits EASE for PSU bank revival.
BUSINESS
SBI not worried about RBI mis-selling curbs, says Setty; bank assembles team for M&A financing deals
Not just loan growth, but even in terms of other matrices like credit cost, PSU banks have been showing better numbers.
BUSINESS
Sanjiv Bajaj: The bug of entrepreneurship, not just finance, was what drove me
“Our desire is for Bajaj Finserv to be the financial life cycle partner to every Indian," says Sanjiv Bajaj.
BUSINESS
To be or not to be a bank: That's a question for Sanjiv Bajaj & RBI
According to the company Chairman & MD, Bajaj Finserv can't be a bank because business houses are not allowed to be a bank as per the laws of the country.
BUSINESS
Tata Power: A company for all seasons as it sails towards fully integrated solar cell structure
Tata Power's CEO and MD Praveer Sinha said he is expecting Uttar Pradesh to be the next state government to put out bids for private participation in its discoms
COMPANIES
Tata Power to sign PPA for Mundra plant with Gujarat govt soon, says CEO Sinha
The signing may happen in a few days, Praveer Sinha, the company's managing director and chief executive officer said in an interview with Moneycontrol
BUSINESS
Mahindra Group set to fly on six other wheels besides SUVs and tractors: Anish Shah
Anish Shah, group CEO of Mahindra group, talked at length on the growth prospects for farm mechanization, Mahindra Finance, Holidays, Lifespaces, Aerostructures, Security Solutions and Mahindra Susten — the renewables business.
BUSINESS
Management mantra of Mahindra Group chief Anish Shah: Focus on few, but think big
One of the golden rules in Dr. Shah's management book is to focus on growth and be the best in your chosen area. Another is clearly people, developing leaders as he puts it.
BUSINESS
Govt capex execution improves, but private investment still slow: Siemens CEO Sunil Mathur
In an exclusive interview for Moneycontrol’s series “Latha & The Leaders”, Mathur highlighted several factors working to Siemens’ advantage.
BUSINESS
RBI’s big liberalisation push for banks and foreign loans spells much growth and some caution
Latha Venkatesh assesses central bank's recent regulatory reforms
BUSINESS
RBI policy unshackles banks; heralds coming of age of Indian banks and banking regulation
One of the most important decisions announced in the policy is to allow banks to finance acquisitions. Yet another major market-based reform is RBI permitting risk-based deposit insurance, a step that will seminally advantage large well-run banks.
BUSINESS
RBI’s challenge: How to up growth forecast, but sound dovish
RBI faces a policy test: lower inflation, higher growth forecasts. Markets await dovish signals beyond rate action in October policy.
BUSINESS
PM Modi may be signalling a seminal thrust towards swadeshi and atmanirbharta
The message of the speech, in the backdrop of the tariffs and visa issues, is probably to indicate that hereafter India should and will learn to go it alone, writes Latha Venkatesh
BUSINESS
The lesser known story of Dixon's 10,000 female employees
Of the company’s over 40,000 workforce, nearly 10,000 are women, mostly employed in the company’s factories in Tirupati and Kopparthi in Andhra Pradesh and in Chennai in Tamil Nadu. They are also growing in numbers in Dehradun and Ludhiana
BUSINESS
Dixon's revenues to grow by 2.5x in next 3 years: Atul Lall, MD & CEO, Dixon Tech
'Television is an important business for us; 10% GST cut on TVs above the size of 32 inches is a very significant reduction,' said Atul Lall, MD & CEO, Dixon Tech.
BUSINESS
Economists see Indian macros resilient despite 50% US tariffs, but assumption is tariffs won’t last long
One big reason for the feet-dragging is an expectation that such a punishing tariff on India by the US — until recently two friendly democracies — is a passing ego war and that both sides are looking for a resolution.
BUSINESS
Q1 GDP seen at 6.8%; but this may be the best reading for many quarters to come
India’s Q1 GDP is expected at 6.8 percent, the strongest reading of the year, but economists warn growth could slip below 6 percent if U.S. tariffs remain at 50 percent.
BUSINESS
India’s hospitality sector is at the start of a long upcycle, says IHCL’s Puneet Chhatwal
Under Puneet Chhatwal, IHCL has gone from a Rs 63 crore loss to a Rs 1,971 crore profit, with revenues doubling and market cap jumping 8x. He calls it just the beginning of a decades-long hospitality boom in India.
BANKING
The debate over foreign ownership of Indian banks: How the rules might change
Technically today, a foreign bank can own even 51% in an Indian bank. But as said before, the Banking Regulation Act doesn’t allow a single entity to have more than 26% voting rights in a bank.
COMPANIES
Anant Goenka: Unassuming, ambitious, ardent management theorist
His unassuming demeanour can disarm a business journalist, more used to seeing young inheritors of large family businesses wear their power on their sleeve, writes Latha Venkatesh
BUSINESS
Anant Goenka has big ambitions: Make Ceat a global brand, KEC another L&T
Speaking on Moneycontrol’s series Latha & The Leaders, the young vice-chairman revealed his huge ambitions for the group
BUSINESS
Why Jane Street’s ‘Basic Arbitrage’ Defence Doesn't Wash
The heart of the argument between SEBI and Jane Street is whether this activity constitutes “basic arbitrage” or “market manipulation”. In this debate, at the moment SEBI’s arguments are clearly way more convincing.
