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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November IIP done, all eyes once again on RBI
The November Index of Industrial Production (IIP ) print has come in somewhat along expected lines. IIP contracted by 0.1 percent for the month, thanks to a base effect where holidays this year skewed the readings. The IIP figure for November, of course, is in sharp contrast to a much #factory output #IIP #policy rates #Rate cut #RBI #ToWhatEffect
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UPA’s final burst before the end of the race
It’s that time of the year when heightened expectations on the economic agenda begin to dominate discussions. With gaps in revenue generation and a yawning deficit to bridge, finance minister Palaniappan Chidambaram will be the man to watch, as he readies to present what will be a crucial Budget in #Budget 2013 #Budget2013 #Chidambaram #Reforms #UPA
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Efficiency top priority for India Inc in 2013
The current business environment and its challenges seem to have made Indian companies focus more on business process efficiencies rather than go in for grandiose plans like expansions and acquisitions. A recent survey of medium to large privately-held businesses and some small to medium-listed companies shows that Indian business leaders are #Grant Thornton #India Inc #Survey
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Offer for sale route likely for BSE listing
An offer for sale (OFS) is expected to be the most likely route for BSE, the country’s oldest stock exchange, to get listed on the bourses since a fresh issue of shares to garner funds for the bourse is largely unnecessary, given the funds the bourse has in hand. While officials #BSE Listing #CorporateStrategy #IPO #Offer for sale
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Survey shows rise in optimism among Indian businesses for 2013
Increased revenue, greater employment opportunities and higher profitability are three key factors which have bolstered the optimism of Indian businesses going into the new year. The International Business Report (IBR) put out by global consulting firm Grant Thornton shows that India has seen a smart 13 percent increase in optimism compared #Business optimism #Grant Thornton #International Business Report #Survey
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Here’s Hoping: Ten Wishes for 2013
The year 2012 is now behind us, crises, scams, warts and all. As the economy and Corporate India get ready to ring in the New Year, here is a quick wish list for the economic and business environment for 2013. 1. That Chidu, Subbu walk hand in hand: Finance minister Palaniappan #Chidambram #D. Subbarao #equities #FastForward2013 #manufacturing #Private equity #RBI
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Just a little bit longer please, Subbu tells Chidu, India Inc
A day after the government made out a strong case for some supportive steps from the Reserve Bank of India (RBI) to bring back some serious growth energy into the economy, a cautious RBI Governor Duvvuri Subbarao decided to send out a strong signal that the central bank will likely #Chidrambaram #D. Subbarao #India Inc #RBI policy rates #ToWhatEffect
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Big surprise: ITC top wealth creator; ONGC, RIL out of top 100
This year, the wealth creation stakes have thrown up a few big surprises. Tobacco-to-hotels major ITC Ltd has emerged as the biggest wealth creator for the first time ever, breaking the stranglehold of oil and gas majors Reliance Industries and ONGC, which dominated the rankings for the past several years. The #ITC #ListsEtc #ONGC #RIL
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IIP surprises: Will Subbu be able to battle inflation in peace now?
Reserve Bank of India (RBI) governor Duvvuri Subbarao just got a new number to factor in before he unveils his review of the monetary policy on 18 December. Surprising most economists and observers on the upside, the latest Index of Industrial Production (IIP) print for October 2012 came in at a #IIP #RBI #Subbarao #ToWhatEffect
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Ratnakar Bank eyes $60 mn in 2nd round of fund-raising
The Kolhapur-based private sector Ratnakar Bank, which is currently in its second year of a major transformation and modernisation, is planning to raise a second round of funding and bring in a fresh clutch of investors. The bank will raise about $55-60 million (Rs 300-350 crore) soon to power its next #fund raising #Ratnakar Bank #VeryCloseUp