Sourav Majumdar
Read biographySourav Majumdar has been a financial journalist for over 18 years. He has worked with leading business newspapers and covered the corporate sector and financial markets. He is based in Mumbai.
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87 deals worth $3 bn in April: Deal Street warms up
Deal activity appears to be warming up just a bit, with 87 deals bringing in a shade under $3 billion in April 2013. Experts reckon that cross-border deals, in particular inbound ones, will now begin to get a big boost after the Jet-Etihad tie-up, the Unilever announcement and the Diageo
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March IIP boosts green shoots theory, but it’s not a recovery
The March Index of Industrial Production (IIP) print, which came in at 2.5 percent, will provide some relief to a beleaguered government and the Reserve Bank of India, coming as it does on the back of sluggish industrial activity and sputtering growth. The February figure has been revised slightly to #Ashwani Kumar #C Rangarajan #Economy #IIP #Numbers #P. Chidambaram #Pawan Kumar Bansal
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Movie Review: Why Shootout at Wadala is a new low in Hindi cinema
It is grim irony that while Indian cinema celebrates its 100th year with a cinematic offering in the best traditions of Indian movies with Bombay Talkies, the same weekend saw the release of another film — the Sanjay Gupta-directed Shootout at Wadala – which amply demonstrates the depths which our #John Abraham #MovieReview #Sanjay Gupta #Shootout at Wadala
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Rate cut probability low from here on, but India Inc wants more
The Reserve Bank of India’s (RBI) policy guidance, unveiled as part of its Monetary Policy statement for 2013-14, has already begun lowering expectations of the analysts and markets, with many now ruling out any further rate cut in the June review and seeing only a slim chance of a cut #ExpertView #India #India Inc #Interest rates #PolicyWatch #Rate cut #RBI
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Hawkish RBI decides to loosen purse strings, but only this time
A day after adopting a hawkish stance on the way forward where it clearly said the space for action by it in 2013-14 was ‘very limited’, the Reserve Bank of India (RBI) has gone with what was widely expected and announced a 25 basis points cut in the benchmark repo #CRR #Economy #PolicyWatch #Rate cut #RBI #Repo rate #Subbarao
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Will RBI’s bite be as hard as its bark yesterday?
Even as the chorus for another rate cut grows louder ahead of the Reserve Bank of India’s (RBI) Monetary Policy announcement for 2013-14 on 3 May, the central bank has struck a sharply hawkish note in its Macroeconomic and Monetary Developments in 2012-13 review. The document, which serves as a backdrop #CRR #Economy #Governor D Subbarao #PolicyWatch #Rate cut #RBI
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How ‘transformational deals’ can solve infra, aviation woes
Sanjay Nayar, CEO of private equity major Kohlberg Kravis Roberts (KKR) in India sees more non-core divestitures by Indian businesses in the coming days as companies and promoters become more focused on capital efficiency and reduce their debt burden. Alongside, there will also be “significant majority stakes” being given in some #Aviation #hotels #KKR #M&A #Private equity #Sanjay Nayar #VeryCloseUp
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How deep will RBI go on rate cuts?
As the Reserve Bank of India gets set to unveil its Monetary Policy Statement for 2013-14 on 3 May, there’s a general consensus building up that the central bank will oblige the government and the corporate sector with another repo rate cut, widely expected to be of 25 basis points. #CAD #factory output #GDP #Inflation #Rate Cuts #RBI #RBI Policy review #ToWhatEffect
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Don’t rejoice just yet. Falling gold prices may not reduce CAD
It may be too early to conclude that the recent fall in gold prices will have a positive impact on the yawning current account deficit, an HSBC report has said. This is because the high price sensitivity of demand may actually increase Indians’ demand for gold and eventually end up #Current Account Deficit #Economy #ExpertView #Gold #gold imports #Inflation #policy #RBI
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Ekla Chalo Re: Chidambaram soldiers on despite challenges
There is a bit of a Lone Ranger in Finance Minister Palaniappan Chidambaram. The FM assumed office last September with the economy in serious trouble, the budget presented by his predecessor being neither here nor there, and a central bank which was unwilling to budge from its stand on interest #Chidambaram #Finance minister #RBI #Reforms #ToTheContrary #UPA