Born in Jaipur, Anshuman Jain became the co-head of Deutsche Bank in 2012 along with Juergen Fitschen. The formation of yet another non-banking finance company in India could hardly be an exciting piece of news, but when it is backed by Anshuman Jain, the maverick India-born former co-CEO of one of Europe’s oldest and most venerable bank, it is bound to attract attention. So, when the news came that the 53-year-old former chief of Deutsche Bank is investing in a new NBFC floated by ... Rediff.com, 1 month ago
A majority of market participants expects India to outperform global peers The UK referendum to leave the EU will only have a near-term impact on domestic equities and Indian markets will outperform their global peers, believe majority of the participants in a poll of brokerages and mutual fund houses conducted by Business Standard. Any further weakness in the rupee against the dollar, however, will negatively impact overseas investors’ sentiment and may weigh on market ...Rediff.com, 3 days ago
Analysts mostly prefer domestic plays beside select films with foreign exposure. Despite stocks such as Hindustan Unilever (HUL), Britannia, Havells and M&M Financial running up steeply after the Union Budget and March quarter results, they remain favourites of fund managers and brokers. The preference for these has increased after the event of Britain exiting from European Union (EU) or Brexit, as they are resilient to the likely impact of foreign exchange (forex) fluctuation on the rupee ...Rediff.com, 3 days ago
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.' Investors around the world got a shock on Friday when the ‘unthinkable’ became a reality as the UK voted to exit the European Union (EU). Despite a late swing in opinion polls towards the ‘remain’ camp, British citizens voted to end the country’s membership. The outcome shook the financial world, with financial instruments collapsing like ninepins. As a ...Rediff.com, 4 days ago Volatility is the new normal for Indian equities Rediff.com, 4 days ago
The son of an Indian Air Force officer, Nikesh Arora worked for a brief period at Wipro, selling computers.Raghu Krishnan profiles the flamboyant business star. IMAGE: Nikesh Arora and wife Ayesha Thapar. Photograph: Kind courtesy Ayesha Thapar/Facebook Nikesh Arora has a rock star image in Indian start-up world. As president and chief operating officer at Softbank, Arora wrote unprecedented cheques to Indian start-ups — Oyo Rooms, Housing, Ola Cabs, Grofers and Snapdeal. The size of ...Rediff.com, 1 week ago
A delayed start of the monsooncould mean the current dry weather would continue for some time in many parts of the country. The southwest monsoon is likely to reach the country later than usual and gain momentum over the months, but that’s hardly good news for agriculture if the showers are in excess and their distribution skewed. According to meteorologists, the rains are expected to pick up speed in the second half of June and make steady progress across the country, getting ...Rediff.com, 1 month ago
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce Vodafone, the country’s second largest mobile operator, has appointed six bankers to raise about $2.5 billion (Rs 16,500 crore) through an initial public offering this year, which could well make it the country’s largest IPO in rupee terms. Sources said Deutsche Bank, HSBC and ICICI Securities would be the book-running lead managers while Bank of America ...Rediff.com, 2 months ago
on your WebpageAdd Widget >Get your members hooked!