In Ahmed Patel’s demise, Congress loses a chief strategist
The Congress will miss the manoeuvring skills of Ahmed Patel in forging new/out-of-the-box alliances and quelling voices within regional forces that an alliance with the Congress could spoil their chances
Ahmed Patel was master conductor of the orchestra called Congress
What made Ahmed Patel a centre of power was his considered decision not to wield it openly. Quelling dissidence was his forte. Understatement was his calling card, and finesse his style
Corporate-owned banks is an idea whose time has come
India needs loan growth in double digits for GDP to grow above 6 percent. For that, new banks are necessary and the most viable model is corporate-owned banks
Injecting hope into the global economy
Interview | Sky is the limit for the growth of our core business, says Sunil Chari, MD of Rossari Biotech
Rossari Biotech is confident of doubling sales in 3-4 years, and the home and personal care category is expected to comprise over half of the company's revenues in the coming quarters, says its co-founder and MD
Bitcoin finally finds a rationale in doomsday scenarios
The digital ecosystem draws support from being the currency of last resort
Gujarat Pipavav charts growth path, regulator consent key
Dedicated freight corridor connectivity can help Gujarat Pipavav gain market share. The expansion plan is subject to approval from the regulator
When connected lending led to bank failures
As experts and policymakers engage in debate and discussion over the new guidelines set by RBI’s Internal Working Group, it is interesting to go back in history when connected lending led to bank failures
The takeaways from Joe Biden’s presidential team
‘Strong men’ may not be popular in a Democrat government, but Washington needs to understand that strength in policy cannot realistically be applied to only one theatre
Falling solar tariff and its sustainability
Record bid of Rs 2 per unit is predicated on factors that are unique to the projects and masks hurdles to renewable energy auction
The US Fed justifies high equity market valuations
The US Fed’s Financial Stability Report has several soothing things to say about asset prices
Parties calculate political permutations for the West Bengal elections
The arithmetic for the 2021 West Bengal assembly polls is that if the Left parties and the Congress, as part of a pre-poll alliance, manage 12 percent vote share, Mamata Banerjee’s Trinamool Congress will just about sail through
After chaotic 4 years, Wall St. is itching to unfollow @realDonaldTrump
Investors of all political persuasions say they are ready to turn the page on what was a profitable but extraordinarily politicised and stressful period for the financial markets
Yellen prepares for second act at pinnacle of economic policymaking
The former central banker fits well with Biden’s drive to fill his Cabinet with competent institutionalists
Chart of the Day: Flash PMIs show US economy expanded strongly in November, but the UK, Eurozone and Japan contracted
Business optimism has surged, thanks to the encouraging news about the vaccine
Chart of the Day | Why the banking business is so attractive
The return on net worth for banks in the aggregate is far higher than for the non-financial sector
Tarun Gogoi’s 15 years failed to resolve burning issues but offered stability to Assam
Assam saw more developmental schemes under the Tarun Gogoi government than the AGP regime. More villages were connected by roads with greater disbursal of funds from the Centre. On the flip side, the Gogoi government failed to evolve long-term policies to tackle flood, prevent the influx of foreign nationals, etc
Blackstone exiting Mphasis – what is in it for an investor
A private equity fund exiting a business is no reflection on the company’s growth prospects. Nor will the exit necessarily be at the top
A curious anomaly in the RBI report on ownership of banks by corporate houses
'All the experts except one were of the opinion that large corporate/industrial houses should not be allowed to promote a bank'; Recommendation: 'Large corporate/industrial houses may be allowed as promoters of banks only after necessary amendments to the Banking Regulations Act, 1949...'
Renewable energy capacity additions turn the corner, but challenges persist
Renewable energy sector is recovering from COVID-19 disruption. Capacity additions are set to gather pace as work on delayed projects resumes
Tax havens sap resources needed to fight COVID-19
The 'State of Tax Justice 2020' report on the economic and social cost of international tax abuse pegs India's annual global loss at 45 percent of its public health expenditure
Get me Meacham! Biden brings back the media’s good old days
Meacham, a Pulitzer-winning historian whose books have lionized figures like President George H W Bush and Rep. John Lewis, is the media figure Biden is closest to, an occasional source of historical advice who helps with his biggest speeches
Legal Matters | The judges, they protest too much
All public figures are subject to harsh criticism — often unfairly. For judges to use their powers to punish critics betrays a deep sense of insecurity
How Indian banking will change if RBI tweaks ownership norms for private lenders
Some proposals add to financial stability risks even if they increase the chance of fresh capital flowing in
