Inflation is likely to remain below the Reserve Bank’s early 2017 target of 5 per cent for the next 12 months, opening up space for monetary easing, says an HSBC report. According to the global financial services major, the declining trend in inflation is expected to continue as new crop streams into the market and CPI inflation could fall to under 4.5 per cent in January-March 2017. Moreover, vegetable prices are expected to completely reverse their summer ascent and higher pulse ... Rediff.com, 3 weeks ago
Angela Jameson Nick Varney, the chief executive of Merlin Entertainments, is clear that he wants an internationally balanced portfolio of entertainment attractions and parks. The aim is for the company to have about a third of its business in ...4 Traders, 2 weeks ago
After remaining volatile for much of the day, stocks staged a mild recovery on Friday as the Sensex mopped up modest gains amid creation of fresh bets with the beginning of the October series of derivative contracts. For the week though, the market registered a fall. The NSE Nifty in the process reclaimed the 8,600-level to close at 8,611.15. The strong showing in the October series added to the investors’ confidence level to an extent. Recovery in realty, oil and gas, infrastructure, ...Rediff.com, 3 weeks ago
There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed Starting the middle of this month and peaking between October and November, foreign currency non-resident (FCNR) deposits worth $26 billion that banks in India raised three years earlier will start maturing. The currency and allied markets are curious as to the impact of this one-of-a-kind phenomenon. Banks have prepared different strategies and say they’re confident the ...Rediff.com, 1 month ago
Although the pricing for the IPO is yet to be finalised, people in the know said the band could be Rs 275-300 ICICI Prudential Life Insurance Company has got approval of the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO), the first by a life insurance company. The country’s leading private life insurer is looking to hit the markets before the end of this month, according to people close to the development. ICICI Bank will offload a 12.65 per cent stake ...Rediff.com, 1 month ago
Here is a snapshot of what the markets expect from the RBI's policy review on Tuesday The Reserve Bank of India will announce the Third bi-monthly Monetary Policy for 2016-17 on Tuesday. This will be the last policy by the current RBI Governor, Raghuram Rajan, whose term ends in early September. The policy will be presented in the backdrop of rising inflation. Consumer price inflation rose to 5.7% in Q2 versus 5.3% in the first quarter of CY16, higher than the central bank’s target of ...Rediff.com, 2 months ago
With future prospects being difficult to predict, hiring for a short period is proving to be cost-effective Around this time last year, a Mumbai-based start-up had raised a big Series-A round. The founder was excited thinking he had made it. He went out and hired people from his alma mater - Indian Institute of Technology (IIT). A few months later, when investors lowered their interest in companies where exits looked difficult, the founder had to cut costs. He fired all four of his treasured ...Rediff.com, 2 months ago
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