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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Struggling for a Six: India’s great GDP growth challenge
As if the battle-scarred UPA-II was in need of further challenges, the latest GDP figures for the second quarter of FY13 came in at a slightly lower-than-expected 5.3 percent, against the 5.5 percent print of the first quarter. Despite the disappointing figure, the broad level of growth—given a few fractions here #Chidambaram #GDP #Growth #India #PolicyWatch #RBI #Subbarao #ToWhatEffect
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India falls from high pedestal of fund raising: Survey
It’s bad news for the private equity (PE) space in India and China. A detailed survey has found that these two countries are likely to suffer a decline in deal activity over the next 12 months even as a global slowdown has a telling effect on the global PE industry. According #China #Deal-making #global slowdown #Grant Thornton #India #Private equity #Survey
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Mahindra’s Aston Martin bid: An aspirational transaction
There’s no official word on it yet, but the corporate grapevine is abuzz with talk of a reported bid by Indian auto giant Mahindra for iconic British luxury carmaker Aston Martin, the preferred automobile of James Bond. There’s a complete clampdown on information from all fronts but news reports say the #Aston Martin #Bid #JLR #M&A #Mahindra and Mahindra #Tata #ToWhatEffect
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Time running out as Chidu battles against odds
Finance Minister Palaniappan Chidambaram’s comment last week on India’s growth trajectory should hardly come as a surprise to anyone. Chidambaram hinted at a growth rate of about 5.5 percent for the second quarter of FY13, the same rate recorded in the first quarter. The message from the finance minister was #Inflation #InMyOpinion #P. Chidambaram #RBI
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P Chidambaram ko gussa kyon aata hai?
No sooner had the Street begun absorbing the news that the Reserve Bank of India (RBI) had stuck to its guns and not reduced the repo rate in its 30 October policy review, than another rocket was launched from New Delhi. In an uncharacteristic show of open displeasure, finance minister #Chidambaram #RBI #Subbarao #ToWhatEffect
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Subbarao to FM: Believe your intent, but will wait for action
Reserve Bank of India (RBI) governor Duvvuri Subbarao did not surprise much, for a change. In a policy statement which went on broad, expected lines given the current context, RBI lowered the cash reserve ratio (CRR) for banks by 25 basis points to 4.25 percent on 30 October, while keeping #Chidambaram #Monetary policy #PolicyWatch #RBI #Subbarao
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The Subbarao season: Will it be a CRR cut again?
Finance minister Palaniappan Chidambaram cannot be faulted on one front: speaking the right language. Ever since he took charge, the minister has given the impression of attempting to do the right thing, set things right, send the right signals to domestic and foreign investors. Even on 29 October, a day #InMyOpinion #P. Chidambaram #Rate cut #RBI
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M&A activity slumps in July-Sept, but PE deals pick up
The July-September quarter has some more bad news for mergers and acquisitions, with latest figures showing a 34 percent decline in M&A deals compared to the same period the previous year. The third quarter slump was largely driven by a fall in cross-border deals, according to Dealtracker, the regular study #DealStream #Grant Thornton #M&A #Private equity
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IIP improves, but dark clouds loom
The latest Index of Industrial Production (IIP) figure, which showed factory output growing 2.7 percent in August, will doubtless bring some cheer back to policymakers and the economy in general. Latest figures show IIP rose a higher-than-expected 2.7 percent, while revised figures showed it actually contracted by 0.2 percent in #IIP #Inflation #NumberCrunching #RBI
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What makes Amitabh Bachchan such an everlasting icon?
‘Aaiye, vaataanukulit kamre mein baithtey hain,’ (come, let’s sit in the airconditioned room) boomed the famous baritone. Looking up, we saw the Tall Man standing in the hallway. There he was, towering above everyone else. And true to what we’d heard, he came out for the interview on the dot #Amitabh Bachchan #Bollywood actor #Inpraiseof