Uday Kotak

Power demand is slowing down says Kulamani Biswal, Director-Finance at NTPC who believes it will take some time before the benefits of the government‘s Ujwal DISCOM Assurance Yojana (UDAY) scheme starts bearing fruit.

Anil Swarup, Secretary at Ministry of Coal is very confident of uptick in coal demand going forward because the per capital power consumption in the country is much below that of China.

The country's economic system heaved a collective sigh of relief after the Rajya Sabha passed the long-delayed Goods and Services Tax (GST) Constitutional Amendment Bill. Along with the recently-passed Bankruptcy Code, the government has ticked off two major reforms on its agenda.

Uday Kotak, Executive VC & MD, Kotak Mahindra Bank, says passing of the GST Bill is a symbol of ‘One India‘. While Arundhati Bhattacharya, Chairman, State Bank of India said GST was a very important piece of legislation that will improve efficiencies within the system.

L&T Infotech on July 4 said it is targeting to double its revenues in the next three to four years through acquisitions and organic growth

According to the changes in the scheme, states which will be signing on anew will be allowed to convert 75 percent of their debt at one go in this fiscal year itself. They wouldn't have to stagger it.

Out of 18452 villages which we were supposed to be electrified by May of 2018 a majority of villages have been electrified, said the power minister.

In an interview to Anuj Singhal and Ekta Batra on CNBC-TV18, Deepak Shenoy of Capitalmind.in shared his reading and outlook on market and specific stocks.

The power and coal minister's comments come in the wake of an RBI report that had said the discom scheme will have an adverse impact on the financials of state governments.

BHEL declared its FY16 provisional earnings yesterday that showed that strong order inflows -- at Rs 43,727 crore versus Rs 30,814 crore year-on-year.

SK Acharya blames flooding for Neyveli‘s subdued performance in third quarter of this fiscal but expects revenue to grow in the fourth quarter year-on-year (YoY).

Ravi Uppal, MD & CEO of JSPL says that the company has been approached by various parties for JPL stake as well as for standalone power assets.

Arvind Sanger, managing partner at Geosphere Capital Management says fundamental growth that emerging markets and China is facing hasn‘t washed away yet.

Mahesh Patil, co-Chief Investment Officer at Birla Sun Life AMC says the worst in quarterly earnings is over and one could see a 15-16 percent earnings growth next year.

Uday Kotak, Executive VC & MD, Kotak Mahindra Bank is slightly disappointed with the FM keeping the bank recapitalisation at Rs 25,000 core but is glad that the government has stuck to fiscal plan with 3.5% fiscal deficit target.

In an interview with CNBC-TV18‘s Shereen Bhan, the Chief Economic Advisor Arvind Subramanian says the important thing is that despite mixed economic cues, the government needs to continue with its agenda of reforms.

Watch Uday Kotak, Executive VC & MD of Kotak Mahindra Bank and Vishal Sikka, MD & CEO of Infosys speaking at Kotak Institutional Equities Global Investor Conference 2016.

Uday Kotak, executive vice chairman and managing director of Kotak Mahindra Bank says, globally, a lot of factors are playing out simultaneously like the China crisis, reverse impact of a hugely negative commodity cycle, implications on banking system from low commodity prices and excessive leverage in companies worldwide

Experts are divided on how the Finance Minister should proceed. Reserve Bank governor Raghuram Rajan, for instance, maintains that fiscal consolidation should be the government's priority.

From the sidelines of the Karnataka Investment Summit 2016, Gautam Adani, Chairman, Adani Group, told CNBC-TV18: "We have signed the Memorandum of Understanding (MoU) with the state government to expand the existing 1,200 megawatt capacity to additionally 1,600 megawatt capacity in Udipi."