Banks such as UBS and Credit Suisse are charging institutional depositors to accept deposits in Swiss francs. Consumers have to pay money to the banks (as much as 1 percent in some cases) to deposit money.
New bank capital adequacy norms under Basel III may prompt central and commercial banks to buy more gold. Get ready for the ride
FIIs investing in India believe that risk-return trade-off is positive, given the current levels of the Sensex, Nifty, 10-year government bond yield and the rupee.
The need for urgent reform measures on the ground just got more intense as GDP for the second quarter comes in at 5.3%; all hopes on second half, focus on RBI<br /><br /> <br /><br />
Arvind Kejriwal's party has been sounding more populistic than realistic. Here's how it can have a sensible policy without losing focus on anti-corruption
Indian indices are weaker than global ones for many reasons. The next may provide some better clues on the direction
With the SC breathing down its neck, the UPA will have to cut short its celebrations over the failure of its spectrum auction and come up with solutions
Is the finance ministry trying to put the RBI in its place by seeking to deny a deputy governor an extension and asking to scrutinise the RBI's books?
There's a mark up at every stage from the field to the kitchen. There are victims at both ends.<br /><br /> <br /><br />
Miraculously, the fiscal deficit figure for September was practically nil. But did the FM provide for Rs 70,000 crore of oil subsidies due to the OMCs?
The yuan is strengthening, the dollar is holding firm and commodities are weakening. This is broadly positive for countries like India
India Inc is hopeful that the RBI governor will aid the government's efforts to bring growth back on track by way of a small, signal rate cut of, say 25bps.
The finance minister's decision to announce a fiscal roadmap a day ahead of the monetary policy is an effort to push the governor to cut rates
The Sahara group will have to foot large bills incurred in the process of refunding Rs 24,000 crore to investors in its OFCDs
The DMK minister in the cabinet, MK Alagiri, has blackballed the proposal to hike urea prices to bring down subsidies
DLF stock has fallen over 11% post the controversy and the stock has fallen 80% from its peak in 2008.
The brave announcements on reform notwithstanding, the real test now lies in how far UPA will be able to push the reform measures forward on the ground. And it isn't looking good on that front<br /><br /> <br /><br />
Vodafone can rest easy if there is no retrospective taxation. But it can't count its chickens just yet
Analysts say things may have started firing up after reform bonanza, but Q2FY13 will be dull<br /><br /> <br /><br />
The economic fundamentals have not changed since June. Overpessimism on the rupee should not thus be replaced by overoptimism
The Nifty has broken its resistance zone and hence could be headed up; but the rupee is in clear bull territory
The government should leave the RBI alone if it wants to achieve its objectives of lower interest rates. A government doing its job of managing the economy efficiently is enough for the RBI to act on its own.
Nifty's bulls are in control, but the bear case is still in play unless the Nifty closes above 5,740.
Prime Minister Manmohan Singh's reticence and silence seems to be a thing of the past as he prepares to unleash a second wave of reforms. Is it do or die now?
How the liquor baron negotiates the toughest phase of his career will determine what he's made of.
The policy paralysis is over, but one should not expect instant results. That is some time away. But September has seen a resumption of sane policies
Montek Singh Aluwahlia and all of UPA II seem to be blaming environmental norms as an impediment to growth, and are seeking to subvert green laws as far as possible. So why not just abolish them in Parliament?
The Rajiv Gandhi Equity Scheme is more trouble than it is worth
Unlike 2004-08, the P Chidambaram of 2012 vintage is doing the right things and in measured steps. If he keeps chipping away, its good news.
The RBI's CRR cut brings in more gainers than losers. But savers surely have reason to be unhappy.