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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Taste of the pudding: UPA’s big implementation challenge
It had to happen. After the euphoria over the UPA government’s sudden awakening and aggressive return to the reform agenda, the focus is shifting back to the current scenario and the challenges the government will face in implementing the slew of reforms it has announced. The twin waves of measures announced #Chidambaram #FDI #Reforms #ToWhatEffect #UPA
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Corp scorecard: July-Sept PAT growth may hit 7-year low
Analysts have begun pouring over data on what the corporate performance trends for the second quarter of FY13 could turn out to be, and so far the news isn’t good. By most accounts, the July-September quarter report card is going to be a depressing one with a host of factors #EarningsPreview #India Inc #Reforms
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Headless UTI MF tops AAUM growth for September quarter
Despite the turmoil surrounding its top management and the fact that it has remained headless for long, UTI Mutual Fund has topped the charts for the September 2012 quarter in terms of average assets under management (AAUM), with AAUM rising a hefty Rs 9861 crore during the quarter. Latest figures supplied #Assets under management #HDFC MF #UTI MF #WhyNow
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MMS in the slog overs: Has he saved the best for the last?
There's talk of early elections. Former ally Mamata Banerjee continues her vitriolic attack on the UPA government. And principal Opposition party BJP— once known for its reformist streak— has already told its cadres to get ready for elections and even threatened to scrap the foreign direct investment (FDI) policy if #Chidambaram #Mamata Banerjee #Manmohan Singh #Reforms #UPA
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From flamboyance to crisis: The metamorphosis of Vijay Mallya
Some months ago, Firstpost had explained why Vijay Mallya won’t shut down his troubled aviation play, Kingfisher Airlines. After all, over several years, Mallya has positioned himself and his business empire as a brand in itself – flamboyant, expansive and representative of growth and adventure, an Indianised version of Virgin’s #Kingfisher Airlines #OnOurMind #Vijay Mallya
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Holding firm: Subbarao refuses to buy feel-good factor
Reserve Bank of India (RBI) Governor Duvvuri Subbarao did not surprise on the upside. Despite the frenetic action from New Delhi last week on diesel prices, disinvestment and foreign direct investment (FDI) in critical areas like retail and aviation, the RBI has decided not to soften its stance just yet #D. Subbarao #Monetary policy
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A wave of bold decisions: Has MMS got his mojo back?
Since last evening, the beleaguered United Progressive Alliance government of Manmohan Singh has been on overdrive. First came the bold diesel price hike and the cap on LPG cylinders, and now the cabinet decision on allowing 51 percent foreign direct investment (FDI) in multi-brand retail and 49 percent FDI for #Big Bang Friday #Disinvestment #FDI in retail #Manmohan Singh #Reforms
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Running on empty: The long, long wait for reforms
The policy machinery is increasingly beginning to look like a car stuck in the mud, which, despite pressing the accelerator, is unable to move forward. Even as noises emanate from New Delhi about the government’s resolve to push reforms through quickly, with time running out and growth rates slipping, there’s an #D. Subbarao #GDP growth #Growth Pangs #P. Chidambaram #Rate Cuts #Reforms
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PE deals see August rush, but overall pipeline seems dry
The Bain Capital stake purchase in Genpact for $1 billion in August has led the month to top private equity numbers for the year in terms of total deal value. Bain bought a 30 percent stake in Genpact, the largest deal in the IT and IT-enabled services space in 2012. Grant #Bain Capital #Deal Trends #Genpact #M&A #Numbers #Private equity
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Why nude Prince Harry still drives Britons crazy
London: That Prince Harry's nude romp in Las Vegas still continues to capture the imagination of the average man in Britain and generate heated debate is amply borne out by the wide range of views and articles on the issue in the British press. Over the past several days, British #NUde Harry #Prince In The Buff