A digital economy can only work with uninterrupted electricity supply. So, states now face the unpleasant task of telling their citizens that electricity rates need to be hiked. Subhomoy Bhattacharjee reports. Illustration: Uttam Ghosh/Rediff.com To make mobiles work in villages to act as e-wallets, many states now face the unpleasant task of telling their citizens that electricity tariffs need to be raised by an annual average of 4 per cent from now, for at least the next two years. Yet, ... Rediff.com, 1 month ago
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Housing prices could drop by up to 30% over 6 to 12 months after demonetisation, says T S Ramakrishnan. After demonetisation, a prominent economist tweeted that 19% of India's employment share contributed by the real estate sector will be jeopardised. It was also reported in late November that housing prices could drop by up to 30% over 6 to 12 months after demonetisation, wiping out over Rs 8 lakh crore of the market value of residential properties sold and unsold by developers since 2008.Rediff.com, 2 months ago
By Takashi Umekawa TOKYO (Reuters) - The Japanese government plans to start reviewing drug prices every year, instead of every two years, to try to reduce mounting healthcare costs, government officials with direct knowledge of the decision said on Monday.Sify, 2 months ago
By Scott DiSavino NEW YORK (Reuters) - Oil prices fell almost 4 percent on Tuesday on signs leading oil exporters in OPEC were struggling to agree on a deal to cut production to reduce global oversupply. Brent futures were down $1.80, or 3.7 percent, at ...Sify, 2 months ago Oil falls as U.S. supplies, speculative length counter OPEC cuts Sify, 2 weeks ago
The government has set in motion its plan to create an energy sector behemoth in the country by merging some of the 13 state-owned oil firms to rival global oil and gas giants such as BP, Chevron, ExxonMobil, CNPC and bag larger share of global energy to meet ...The Financial Chronicle, 3 weeks ago
SINGAPORE (Reuters) - The following are some highlights of Singapore's budget proposals for the fiscal year that begins April 1. The budget statement comes after a key advisory panel this month proposed a 10-year strategy aimed at ensuring annual economic ...Sify, 2 days ago
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02162017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ ...Sify, 6 days ago
Mumbai: Stock exchange major BSE's initial public offering (IPO) was oversubscribed by 1.55 times on Tuesday, the second day of the Rs 1,243.43 offering. According to the data available with the NSE, till 5.00 p.m. on Tuesday, the IPO received bids for ...Sify, 6 days ago
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed. Image: CEO Vishal Sikka with Infosys founder N R Narayana Murthy. Large investors of Infosys, both in India and abroad, have come out in support of Chief Executive Officer Vishal Sikka, and said the promoters and board of directors should back him to execute his strategy. They have also asked for clarification on the role of founders not associated with the company in an executive role, while ...Rediff.com, 1 week ago
The bourse's valuations may get a boost, as it gets set for its OFS of about Rs 10,000 crore. The stellar debut by Asia's oldest bourse, BSE, may augur well for the upcoming IPO of the National Stock Exchange of India and boost its valuations as investors repose their faith in the exchange business. "This will work in the favour of NSE," said Dara Kalyaniwala, VP-investment banking, Prabhudas Lilladher. "The merchant bankers pricing and marketing the issue will be guided by the response given ...Rediff.com, 1 week ago
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