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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Big question: Why are FII funds still flowing to India?
London: Slowing growth and concerns relating to manufacturing and investment have taken centrestage for some time now despite finance minister Palaniappan Chidambaram's pronouncements, but the pace of foreign institutional investment (FII) into Indian bourses seems to have surprised analysts and India-watchers. Despite the 6.5 percent growth rate clocked in FY12 and #FII flows #Smart Money
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KKR open to strategic investor, plans big merchandising push
Knight Riders Sports Pvt Ltd, the Shah Rukh Khan-Jay Mehta owned company that owns the Kolkata Knight Riders (KKR) Indian Premier League (IPL) team, is open to a strategic investor coming in. The company is also in advanced talks with a number of firms for merchandising deals to take Brand #Gautam Gambhir #IPL #Kolkata Knight Riders #Shah Rukh Khan #Venky Mysore
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Onus squarely on govt to get growth back: India Inc
Some of the country’s biggest business leaders – from Kumar Mangalam Birla to Adi Godrej, N R Narayana Murthy and Malvinder Singh – have called for urgent corrective action and stepping up the next generation of economic reform if India is to get itself back on the fast track to #Government #India Inc #RBI #Reforms #TheySaidIt
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Asset quality of banks emerges as serious concern, more so for PSBs
The Reserve Bank of India (RBI) has flagged off its growing concern over the deterioriation in asset quality of banks, with public sector banks (PSBs) showing particularly obvious signs of stress on this account. The results of the listed banks in the first quarter of FY13 also corroborate this view, #Banks #HowThisWorks #non performing assets #RBI
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India Inc thinks its CEOs, senior execs are overpaid
This would be good news for corporate democracy. A survey has found that as much as 70 percent of Indian business leaders feel that shareholders should have greater involvement in establishing a remuneration policy for senior executives at large public companies. This apart, an overwhelming 78 percent believe senior executives #CEO Survey #Executive compensation #Grant Thornton #India Inc
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Lower inflation: Time for another Chidu-Subbu tete-a-tete
The stage is set for a debate between the finance ministry and the Reserve Bank of India (RBI), now that the latest inflation numbers have come in. The wholesale price index (WPI) for July came in at a lower-than-expected 6.87 percent, against the general expectation of 7.37 percent according to a #Chidambaram #Inflation #RBI #Subbarao #TheLongView
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Will Chidambaram walk the talk on faster disinvestment?
When Palaniappan Chidambaram was reappointed as finance minister recently, Firstpost had argued that he could begin this important innings by adopting a strategy which started off with disinvestments as the first step, rather than attempting big bang reforms. In a situation where the United Progressive Alliance (UPA) government will need #Disinvestment #fiscal deficit #P. Chidambaram
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E-comm mortalities to grow as big boys will crowd out funding
Mortalities in the e-commerce space are growing and are likely to rise even further going forward as Series B — or second round — funding is fast drying up for a number of companies which are unable to deliver traction. This rather grim scenario is part of a detailed report put #DealSream #E-Commerce
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Why small could be big for Chidambaram
India’s new finance minister, Palaniappan Chidambaram, who has taken over amid a huge burden of expectations, already seems to have his task cut out. India’s manufacturing activity expanded much slower than earlier months – the slowest, in fact, in the past eight months – while exports also fell, according to latest #finance ministry #P. Chidambaram #TheLongView
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Subbarao’s credibility rises with firm policy stance
The Reserve Bank of India’s (RBI) credibility appears to have risen among global peers as the central bank stuck to its guns and refused to reduce the benchmark repo rate on Tuesday, 31 July, opting instead to target inflation management as its chief priority. Experts and RBI-watchers have lauded Governor Duvvuri #D. Subbarao #Monetary policy