Slowdown in corporate lending and the high cost of doing business in India are forcing a rethinkLast month, HSBC announced it was shutting its private banking operations in India. It followed the lead of RBS and Standard Chartered, which earlier this year decided to slim down their India business. It is believed that Germany’s largest lender, Deutsche Bank, which is reviewing its position globally, could be the next to trim its retail operations. Drawn by the growing ranks of ... Rediff.com, 1 month ago
India is facing deflationary conditions and that changes the paradigms for both lenders and borrowers. Neither India Inc nor the government has much idea how to deal with them, rues Devangshu Datta Indian investors have experienced a washout during the last nine months. Market indices have fallen about 15 per cent from the all-time highs hit after the Budget. Corporate revenue and earnings growth have been negligible. Exports have fallen even though the rupee has lost ground. Sentiment has been ...Rediff.com, 1 month ago
A week after the government came out with incentives for these entities, tax experts point out the need for clarity in several areas As the dust settles down on the government’s big-bang jamboree earlier this month to woo the start-up community through the ‘Startup India’ Action Plan, tax experts, investors and start-up founders feel the success of the initiative would depend largely on changes in several existing laws, resolution of tax-related issues, and the ability ...Rediff.com, 2 weeks ago
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points Markets ended the first day of the New Year on a tentative note as selling pressure in IT shares limited the gains across the bourses. The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points. Indian equities were directionless today as most of the world financial markets were closed on account of New Year.Rediff.com, 1 month ago
For all the blame-game over the flood preparedness in Chennai and elsewhere in Tamil Nadu and Puducherry, this is not the first of its kind. Nor would it be the last, given the nature of the north-east monsoon. There has been at least one major monsoon floods in the state in general and Chennai city through the past so many decades -- 1976 (central rule, during Emergency), 1985, 1994-95, and 2004 (tsunami) and 2005 (the Mount Road boat-ride). However, that there has been no institutional ...Rediff.com, 2 months ago
Under the scorching sun, a software engineer from California is planting paddy saplings, much to the excitement of farmers, who had lost hopes of living a decent livelihood. For distressed farmers in Mandya district of Karnataka, which saw the highest number of suicides this year, Madhuchandan Chikkadevaiah is a true saviour, writes Manu A B/Rediff.com Image: , Madhuchandan chucked his comfortable job in the United States to become a farmer. Photographs, courtesy: ...Rediff.com, 2 months ago
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