Disregarding regulators, simply because one is a poster boy for their industry vertical, holds no sway with the regulators, at least the RBI. For those sceptical about regulatory independence in India, consider this a potent wake-up call. This is also a message to other financial regulators to showcase their supervisory independence and proactively act against errant entities
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The renewables sector has been a key priority for the government to meet India’s growing energy needs while keeping climate considerations in mind
De-globalisation leads to supply chain inefficiencies and in turn makes inflation sticky. Tackling that calls for a well-coordinated fiscal, monetary, and trade policy response. Budget 2024 provides an opportune moment to put this into practice
Keeping in line with the focus on India’s financial growth, the Union Budget 2024 is expected to be pro-investment with an emphasis on improving the ease of doing business and attracting foreign investment
Sun Pharma’s specialty drugs business continue to grow at a brisk pace, helped by ramp-up of key products
As Westerners are leaving, professionals from the mainland are taking their place. Hong Kong overtook Switzerland to become the world’s largest cross-border financial centre last year, as a result of the inflow of Chinese wealth. All of this further emphasizes the city’s dependence on China, and its transformation into another mainland city
Q3 was good but stiff competition in PVs and rising input costs could turn into headwinds in coming quarters
In today's edition of Moneycontrol Pro Panorama: Evergrande crisis not a big deal, most investors know Budget is a stock market trigger, Finance Minster's excellent fiscal record, government to focus more on agriculture sector, and more
Much of the work and legacies of previous Finance Commissions is getting lost because it isn’t a permanent body. Administrative difficulties also abound. A provisional solution is to turn the Finance Commission Division (FCD), as the custodian of FC records and responsible for its award implementation, to be turned into full-fledged department, serving as the permanent secretariat for the Finance Commissions
It sounds like a simple and straightforward idea that should be acceptable to all. But it isn’t. The Racecourse opposite the sea is the last major open space for the public.
The billionaire has issued a thinly veiled threat to take his best artificial intelligence-related ideas elsewhere unless he was granted another giant slug of Tesla stock. With a US court voiding a $55 billion compensation package, the Tesla board must now come up with a new package to supposedly keep Musk from taking his best ideas elsewhere
Demand will continue but potential world supply is likely to peg back the cost
Strategic reductions by many companies are a sign of pragmatism and an acknowledgement that the world’s largest car market isn’t necessarily a profitable one. Pricing power, government subsidies, and the speedy adoption of new-energy vehicles like battery and hybrid-powered models by Chinese automakers made foreign brands increasingly redundant
By scrapping Aramco's expansion plan, Riyadh has conceded what was already an open secret: There’s insufficient demand for so much extra Saudi oil in the foreseeable future. That, however, is very different from saying that global appetite for additional crude is diminishing. World oil demand is poised to accelerate before peaking later in the 2030s, much of it from American sources
Very important but not so glamorous aspects of transport infrastructure like road and rail safety, streamlining railway operations for faster average speeds, and passenger train cleanliness can serve as a “limit to growth” without adequate investments. Budgetary focus in these areas will help
Evergrande has defaulted since 2021, and its lenders, suppliers, and shareholders have already experienced significant losses. The company's share price has plummeted by 99 percent from its peak
There is a crucial need to intensify efforts to mitigate emissions. But developed economies are sluggish in adopting solutions and in fact are making solutions more expensive than the problem
The attitude of left politicians and trade unions is along expected lines, but many discoms are also not in a hurry to go in for the change as they fear that adopting the system of prepaid smart metering will eventually result in a revenue loss for them
The finance minister underlining the government's thought process on AI will be an excellent way to let companies and policy makers globally know the general direction in which India would like to move on artificial intelligence during Amrit Kaal to realise its growth ambitions
Once the interim budget is announced, the focus of attention will shift to elections and debt markets
The finance minister's note-worthy accomplishment lies in elevating capital expenditure to enhance the nation's infrastructure, with central government capex surging from 1.6 percent of GDP in 2018-19 to an estimated 3.4 percent in the current fiscal year
Ahead of the general elections the government is likely to give a fillip to farmers' and rural development schemes.
What stood out as a sore thumb was the 18 percent contraction in tractor loans and 47 percent fall in loans to small businesses. While the fall in small business loans is perhaps partly by design, a sharp contraction in tractor loans does not augur well for the company
Young people are busy traveling, taking advantage of the free time — there are few good jobs out there — as well as the consumer power that comes with a deflationary economy
