According to the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, India will benefit from the global meltdown in the commodities universe. He says that lower food prices will ease the pressure on the balance of payment.
Members of India Inc appear to have been impressed with the economic vision of Congress vice-president which he presented at the Confederation of Indian Industry (CII). Nonetheless, his address although highly inspiring, has offered little in terms of solution...
Prime Minister Manmohan Singh addressed the Lok Sabha regarding the economic situation as well the challenges that are faced by the country and the methods that will be adopted to rectify the situation. He also said that the situation was not as grim as it loo...
The Finance Minister has presented his budget in the House. A panel of experts discusses the announcements made and the provisions for various sectors he had declared. Here is a reaction from Harshpati Singhania, director of JK Org. He calls it a balanced budg...
Finance Minister P Chidambaram presents India's 82nd budget in the Lok Sabha, amid concerns over the slowdown in the country's growth. The minister said that getting back to high growth rates of 8-9 per cent is the main challenge before the country. However, h...
Even though the Economic Survey 2013 has been optimistic, by predicting growth for the next fiscal year to be between 6.1 and 6.7 per cent, there is a very keen interest to reduce the twin deficit. According to the panel discussing the survey report, the mediu...
The Economic Survey 2013 has been presented in the Parliament and according to the survey the growth of GDP has been estimated at 6.1 percent to 6.7 percent. It also suggests that the petroleum prices should be decided by the market. It also goes on to say tha...
The Economic Survey 2013 presented in Parliament pegs the GDP growth rate at 6.1 percent to 6.7 percent. The subsidy on LPG and petroleum products will be further reduced thus causing further hardship to the common man. According to the Survey, the prices of p...
BITE - Board of India Today Economists conducts a discussion with India Today's deputy editor Dhiraj Nayyar, editor of Mail Today Sandeep Bamzai, ex-economist of World Bank Arun Shourie, chairman of Maruti-Suzuki RC Bhargav, economist Vivek Deb Roy, former CEO...
Finance Minister P Chidambaram will begin pre-budget consultations with various stakeholders starting today. The series of meeting will kick-start with a meeting with the agriculturalists and will be followed by a string of interactions with industry captains,...
Global research firm Dun & Bradstreet (D&B) has attributed 6.8 percent to be India's growth rate in 2013. However, in 2012, according to the firm, India's GDP is likely to register 5.5 percent growth. The firm says that the favourable conditions for investors ...
The Indian economic growth slows down to 5.3% from 5.5% in the last quarter. Inflation, the sluggish growth and a weakening rupee have all lent themselves to a very dull outlook on the economic growth. To add to the woes, the government is also seen struggling...
India's economy extended its long slump in the last quarter, with lower-than-expected growth keeping it on track for its worst year in a decade and underscoring the urgency of politically difficult reforms to spur a revival. India's GDP has decreased from 5.5%...
The winter session of the Parliament may see more adjournments and ruckus as leader of opposition in Rajya Sabha Arun Jaitley says that the party will oppose FDI in retail, come what may. He claims that the implementation of this reform measure will adversely ...
Indian business mood is slightly more upbeat now. The gloom that had descended over the past few months have not yet cleared fully, but there has been a change. This is according to a survey of the business confidence index, done by the Business Today magazine...
Market Hour speaks to IOC's PK Goel on whether there will be further price cuts in petrol. US Treasury Secretary Timothy Gethner who is in India for a two-day visit will meet Finance Minister P Chidambaram and hopes to improve trade relations between the two c...
Indiamart Leaders of Tomorrow 2012 introduces its Small and Medium Enterprises entries in the Fast Moving Goods sector. Oddy India is a stationery company founded by Shriniwas Garg. It had supplied office stationery to President Fakhruddin Ali Ahmed. The comp...
The Union Cabinet has raised the cap on Foreign Direct Investment (FDI) in insurance from 26 percent to 49 percent. It has also opened up investment in the pension sector by allowing 26 percent FDI. But the reactions to these reforms have not been all that enc...
The top stories on Market Hour are: Montek Singh Ahluwalia explains how the FDI in insurance will help attract investors; Deepak Parekh stresses the importance of rehauling the regulatory framework and environmental clearances; Subir Gokarn on inflationary imp...
Puntia Kumar Sinha's guest on this edition of Global Insights is Rakesh Jhunjhunwala from RARE Enterprises, who is considered as a legend in the markets and has created a large fund with his own proprietary capital. He has a positive outlook on the Indian econ...
Prime Minister Manmohan Singh says reforms are a continuous process and the FDI has nothing to do with the US. BJP, however, continues to oppose it and claims the Government is distorting the ecomony in the name of reforms. The Government's policy action has...
On Market Hour: Goldman Sachs AMC's Jim O'Neill confirms that the reform action is positive but implementation is key; Quantum Securities' Sanjay Dutt and Jyotivardhan Jaipuria dicuss the policy impact on markets and whether policy paralysis is turning into re...
The market is upbeat after the slew of policy action, and the Chairman and CEO of Edelweiss Group talks to Nikunj Dalmia on the reason behind this optimism. He explains what it will take for India to make progress and beat inflation, how long term investors sh...
In this episode of Global Insights, Punita Kumar Sinha brings in Ric Deverell from Credit Suisse and Peter Fisher from BlackRock to discuss the commodities, currencies and fixed income markets. Gold and oil make up for nearly half of India's imports and there ...
Nikunj Dalmia speaks to Axis Direct's Nilesh Shah to find out if the reform policies will live up to the hype. The political instability also raises concerns about the country's economy. Shah also shares his views about what could be the top trends in trade ov...
Federation of Indian Chambers of Commerce and Industry (FICCI) remarks that a reform rollback will adversely affect India's economy as India will lose its credibility as an investor-friendly nation. It has also said that there is no question of anybody teachin...
Rahul Bhasin, Managing Partner with Baring PE, shares his views on the local and global economy. While the local economy is affected by corruption, economies like the US are grappling with the consequences of over-leveraging. He also talks about building a por...
Defending the UPA government's efforts to shake off policy paralysis, Prime Minister Manmohan Singh has said that the steps taken like the FDI in retail and Aviation are necessary to bolster the ailing Indian economy. Further on he has remarked that diesel pri...
Newshour | Despite the pressure form the allies, the government has gone ahead and given its approval to the Foreign Direct Investment (FDI) in multi-brand retail and Aviation. The economists have welcomed this step, saying that this was a desperately needed s...
Commerce Minister Anand Sharma and Information and Broadcasting Minister Ambika Soni clear air on FDI in multi-brand retail and Aviation. The ministers assure that this move will bring new lease of life to Indian economy which is going through tough times at p...
Shocking news on the economy front. The growth in India's industrial output was just 0.1 % in the month of July. Last year during the same month of July, this was 3.75%. The huge drop is shocking but not too unexpected given reports of sluggish growth and poli...
Rajesh Mohta, CFO, Speciality Restaurants, discusses the company's performance in Q1. The company is taking several measures to draw in customers. It includes the food festival at Oh! Calcutta and the introduction of a new menu at Mainland China, which is one ...
Saurabh Mukherjea, Head-Equities, Ambit Capital, talks to Nikunj Dalmia about the three events that will impact the market in the next few weeks. He says markets will focus on US Fed's decision on monetary easing and the government's reform announcements. Petr...
Fourth straight day of gains coming in for the Indian rupee, as the rupee markets open half a percent on the higher side today. Some of the volumes have been lower because of the bank employees strike, but most of the fundamentals have been supportive. The Eur...
Aditya Puri, MD, HDFC Bank speaks about the Indian economy. He says the concerns on India are correct but it is also being overdone, and cannot be considered as a crisis. The HDFC portfolio is healthy and the banks have sufficient profits to handle the NPAs.
Indian banks may consider rate cuts after Finance Minister Chidambaram's recent meeting with bankers. He requested banks to reduce EMIs in a bid to revive growth. Auto, car and home loans will be cheaper. It is not certain who will lead this, the RBI or PSUs....
In a stunning revelation, an RTI activist from Delhi Subash Agarwal, has obtained information under RTI that reveals the huge quantum of fake currency seized during the last three years.
On Market View, Jim Walker, Founder & MD, Asianomics gives his views on the Indian market. The expected GDP growth was 4-6 percent but it may not meet its fiscal target for FY13. He says foreign investors looking at the market in India are concerned. On the b...
Sukumar Rajah from Franklin Templeton Investments talks about why the market could decline, good opportunities in Indian equities, how the broad-market is undervalued and is optimistic that Infosys can still create value.
Is the Indian economy as bleak as it is being made out to be? Brand Equity's Nikita and Khushboo speak to experts about consumer behaviour in India that tells a different story. Despite the depreciating rupee, a lackluster monsoon and slowdown in long term inv...
DK Mehrotra, Chairman of LIC, talks about where the Indian markets are heading to. He also talks about leadership changes in LIC and how it will affect the functioning of the company. Mehrotra talks about sectors like pharma that are still positive even when t...
Unfazed by the dull and uncertain markets, Vetri Subramaniam - Chief Investment Officer, Religare Mutual Fund, says that he has seen it all. Vetri says that whether it is a bull or a bear market, it is just a phase, and it shouldn't put investors in a tizzy.
In this special coverage, economists respond to RBI's Credit Policy. The Policy has kept key rates unchanged and cut the SLR to 23 percent. The guest economists are Diwakar Gupta, MD & CFO, SBI; Abraham Chacko, Federal Bank; Taimur Baig, Chief India Economist,...
In a special coverage on the RBI's Credit Policy, guest economists discuss the expectations from the Policy and what its position on rates and inflation means to the Indian economy. The economists include Diwakar Gupta, MD & CFO, SBI; Abraham Chacko, Federal B...
Varun Bajpai, founder of Violet Arch, talks about global equity markets and how people are tried of the recession. He also debates on where the global money is heading to and how liquidity is slowly creeping back to the markets.
Sunil Singhania, Head Equities, Reliance Mutual Fund, talks about how he expects rupee to stabilize and how India is in need of reforms that will boost the markets. He also says that restructured assets and NPAs are a huge challenge for the banks.
Indian has taken note of US President Barack Obama's observations on India's investment climate, says Commerce Minister Anand Sharma. He was reacting to Obama's comment that 'it is still too hard to invest in India'. Sharma called in a difference between diffe...
Corporate Affairs minister Veerappa Moily says US President Barack Obama is ignorant of the soundness of Indian economy. Moily says some lobbies are making up stories about India's economy. He said US itself has gone through two rounds of economic slump.
Arvind Sanger, Managing Partner, Geosphere Capital, talks about Spain and Italy markets and the crisis they are facing. He also expresses concerns over debt woes of Greece that can resurface. The growth in US, Germany, and EU is slowing down says Sanger.
One of the top equity fund managers in the country – Anup Maheshwari does not rest on his laurels. As the Head of Equities at DSP Black Rock mutual fund, his team strives to push stocks that may lead the next bull run. With more than 15 years of experience i...
In this edition of Meet your fund manager, meet KN Sivasubramanian, the CIO of Franklin Equity India. He talks about how India is the down cycle and will soon revive. Though the sharp depreciation of the rupee is a concern, the adjustment was overdue, says Siv...
Prabhat Awasthi, MD and Head of equity research, Namura India, speaks on how falling commodity prices helped the company. He also debates on whether global risk aversion will hold up.
Former Finance Minister and BJP Leader Yashwant Sinha lashes out at Prime Minister Manmohan Singh and the UPA Government. He says the PM has said the right things but failed to achieve them.
In this edition of Meet your fund manager, meet A Balasubramaniam, head of Birla Mutual Funds. He talks about handling difficult hybrid funds and how India's future looks. Also listen to his opinion on current account deficit monitoring.
Deepesh Pandey, Head-Investments, IIFL Capital, talks about imminent rate cuts and the Indian economy in general. He also says that the pessimism of investors is understandable because there is a fear of a reforms freeze.
BJP flays the UPA government over the Reserve Bank of India (RBI) proposals which were meant to boost the failing Indian economy saying that the proposed measures were disappointing and that these could nor curb the rupee slide.
Finance Minister Pranab Mukherjee is set to announce a few measures which will boost the ailing Indian economy. It is expected that the RBI may come up with certain steps to to reduce high fiscal deficit. This comes as a parting gift from Pranab Mukherjee to t...
The government is set to announce the much anticipated booster dose for the failing Indian economy. Finance Minister Pranab Mukherjee has said that he has already spoken to the RBI governor and the Finance Secretary about the corrective measures which are the ...
In this edition of Meet your fund manager, experts talk about how the current crisis in the Indian economy might actually spur some reforms. Experts also have advice for investors who have been investing very gingerly in the Indian markets.
Peter Elston, Head of Asia Pacific Strategy & Asset Allocation, Aberdeen Asset Management Asia, says that India certainly faces serious challenges in the short and medium term, however he is positive that the Indian economy will thrive.
The Indian rupee has shown a slide against the dollar, with one US dollar now worth about Rs 57.30. What effect will this have your budget and the national economy?
Global rating agency Fitch Ratings has revised India's outlook to negative from stable. Its long-term foreign- and local-currency issuer Default Ratings (IDRs) have been affirmed at BBB- and short-term foreign currency at F3. India's Country Ceiling is also af...
All eyes are set on the Reserve Bank of India (RBI)'s midterm credit policy review to provide an impetus to the failing Indian economy. The RBI governor is expected to announce the midterm credit policy review soon. The RBI is likely to bring down the key shor...
Speaking at an ASSOCHAM meet, Finance Minister Pranab Mukherjee concedes the fact that Indian economy is in a bad state. He talks about inflation, deficit rates, and the apparent negative sentiment among investors.
Speaking at an ASSOCHAM meet, Finance Minister Pranab Mukherjee concedes the fact that Indian economy is in a bad state. He also states that depreciating currency is a matter of concern but exporters should take advantage of the situation.
On the heels of the Standard and Poor report which painted a grim picture of Indian economy comes the World Bank forecast that India will have 6.9 percent growth in 2012-13. The government's target for the current fiscal year is 7.6 percent growth which the Wo...
Congress spokesperson Manish Tewari remarks that the report by Standard & Poor betrays a poor appreciation of India's democratic system and governance processes. Defending Finance Minister Pranab Mukherjee from the attacks by BJP based on the report by S&P, Te...
Slamming the government over the Standard and Poor report, BJP says that instead of taking the necessary measures to uplift the economy of the nation, government is on a denial mode. Further on, the opposition asks the government to take the S&P downgrading wa...
In a very worrying news for the Indian economy, the industrial output data for the month of April is down to 0.1%. The output for the last month was 3.5% and this sudden dip has worried several investors. The figures have been released by the Central Statistic...
After a record dip in India's GDP growth last quarter and a dire warning from Morgan Stanley's growth forecast, Prime Minister Manmohan Singh steps in to raise the fallen economy. The PM sets an ambitious investment target of Rs 2 lakh crore for core sector in...
Shudders run down the Indian economy spine as top investment bank, Morgan Stanley, cuts India's growth forecast to 5.8 per cent at a time when the country's growth momentum has already taken a beating.
Centrestage | The late arrival of monsoon hints at the possibility of an El Nino which could adversely affect the growth of India which is largely depended on agriculture.
Markets @Lunch on ET Now brings you a daily, detailed update of the key events impacting stock markets. It also has stock picks, F&O calls, mutual fund tips and commodity markets analysis.
The White paper on black money tabled by Finance Minister Pranab Mukherjee in Parliament did not mention any names, nor did it give an estimate of the total amount of black money generated in the country.
In an interview with ET Now, former Finance Minister Yashwant Sinha, talks about issues of governance, economic reforms, role of Opposition and Indian economy.
Global ratings agency Standard and Poor's revises its outlook on India's long-term rating to 'negative' from 'stable' due to poor pace of reforms and fiscal deficit.
The BJP has given a notice for discussion in the Parliament over the remarks made by the Chief Economic Advisor Kaushik Basu saying there will be no major reforms till 2014.