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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May we finally have some clarity please, Mr Prime Minister?
There's nothing investors—domestic or foreign—hate more than the lack of a clear business environment. And over the past several months, this lack of clarity has been one of the biggest problems plaguing economic policymaking in the country. Now, with Pranab Mukherjee, who turned out to be quite the bugbear for #Gaar #HowThisWorks #Manmohan Singh #Pranab Mukherjee
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The sheer genius of Rahul Dev Burman
When Sanjeev Kumar and Suchitra Sen looked at each other with intensity and pain in their eyes in Gulzar’s classic Aandhi, that expression had to be given a musical language. The language came about in the form of the song Tere Bina Zindagi Se Koi, one of the finest compositions #Asha Bhosle #Bhupinder #Gulzar #Kishore Kumar #Lata Mangeshkar #Pancham #Rahul Dev Burman #RD Burman
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Pranab Mukherjee and the art of dashing expectations
Outgoing Finance Minister Pranab Mukherjee does seem to have a way of dashing hopes. A day before he is to put in his papers and run for President, expectations soared that the FM would lift sentiment by unveiling a series of measures to boost the economy and bring back the #EconomyPackage #FII Liberalisation #Finance minister #PolicyWatch #Pranab Mukherjee
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Slowdown leads to greater CDR, rise in banks’ stressed assets
Companies and banks are showing an increasing propensity of going in for restructuring of loans as the economy slows down and corporate health starts to take a beating. However, this growing trend is now causing serious stress on the banking system as a whole, with an increase in the percentage #Ashok Wadhwa #Asset quality #Finance #State Bank of India
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Subbarao’s signal: Done enough, time for govt to act
Reserve Bank of India (RBI) governor Duvvuri Subbarao’s ability to surprise is getting better. RBI’s move to keep key rates unchanged at its mid-quarter policy review despite the growing clamour and pressure from the finance ministry to cut rates demonstrates once again that the governor intends to stick to his #Inflation targeting #Monetary policy #PolicyWatch #Quantitative easing #Reserve Bank of India
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Pranab-da is busy; it’s back to Subbarao to steer the economy
Reserve Bank of India (RBI) governor Duvvuri Subbarao is in an unenviable position. Having shouted himself hoarse on the need for fiscal consolidation and cut rates by a deep 50 basis points in April to demonstrate that the RBI has done more than its share to get growth back on #Core inflation #HowThisWorks #Monetary policy #Quantitative easing #Supply-side economics
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Will India have to reconcile itself to lower growth?
Less than a week to go before the Reserve Bank of India (RBI) sits down to take stock of the economy and interest rates, and there’s already a surfeit of more bad news. The latest Index of Industrial Production (IIP) number of 0.1 percent for April just adds to the #PolicyWatch #rates #RBI
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Alok Kejriwal to exit Games2win in three years, launching fund for startups
Serial tech entrepreneur and founder of ventures like Contests2win and Games2win, Alok Kejriwal, is getting set to don a new hat: that of an entrepreneur capitalist (EC). Kejriwal, who already mentors start ups and is one of the better known tech entrepreneurs in the country, now says he will soon #Contests2win #entrepreneur #Entrepreneurship #Frontfrunn #Venture capital
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Interest rates have to fall to 5.5-6% to spur growth
Edelweiss Chairman Rashesh Shah feels a 25 basis points (0.25 percent) cut in the repo rate is likely when the Reserve Bank of India (RBI) meets on 18 June for a review of its annual monetary policy. However, Shah says this would hardly be enough. The economy needs four or #Inflation #Interest rates #MoneyTalk #RBI
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Auto makers could hike prices soon, sector may bounce back
The petrol price hike has proved to be a major dampener for the auto sector, with major automakers like Maruti Suzuki, Ford, TVS and General Motors India posting lower numbers. Hyundai Motors, Mahindra and Tata Motors, however, registered increases in sales. Despite the petrol price hike and the high interest #Business/Finance #Car manufacturers #India