Friday, 22 June, 2018

Economy

A file photo of Chanda Kochhar | Commons

It may be goodbye for Chanda Kocchar, but it’s not the end of an era for Indian women bankers

From Chanda Kocchar to Shikha Sharma, the sheen has come off the banking sector recently. But experts say don’t read too much into it.
A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE)

Load up on large caps for smooth-sailing through 2019 poll chaos, investors told

The markets are likely to become jittery if national and regional opposition parties form 'opportunistic alliances' against the NDA.
A file photo of Dharmendra Pradhan

India seeks ‘responsible’ OPEC decision as Vienna tensions mount

Oil minister Dharmendra Pradhan says the government believes that $55 to $60 a barrel is a reasonable price level for now.
Arvind Subramanian

Arvind Subramanian quits as Chief Economic Adviser, 4 months before the end of his term

Union minister Arun Jaitley says Subramanian wants to return to the US due to pressing family commitments.

Blackstone’s first-of-a-kind India IPO confronts rate jitters

Firm’s IPO may raise as much as $1 billion but could be delayed should investors demand a higher-than-expected yield.
Cotton industry in India

In cotton market, India wins as US-China dispute escalates

The weak rupee is seen making India’s exports more appealing and freight costs to China can be relatively cheap.
Air India

Government puts Air India stake sale on hold

The Centre is looking at turning the carrier around and ensuring it makes profits on an overall basis before going in for IPO.
HDFC

HDFC Bank may have to rely on Indian market for its $2.3 billion share sale

HDFC Bank is weighing seeking all the capital through a qualified institutional placement in India.
National Stock Exchange

India seeks to jump-start debt demand again as borrowings loom

With more than 2 months into the fiscal, the lack of appetite from state banks and foreigners is starting to weigh.
GIFT Tower One, in Gujarat International Finance Tec-City (GIFT City), Gujarat | Dhiraj Singh/Bloomberg

Offshore funds want relaxed rules, tax sops to trade in Gift City

They are seeking the same concessions given to foreign firms based in the upcoming financial hub, like exemption from transaction taxes. Brokerages representin...
Illustration by Siddhant Gupta

Article 370: Can Modi revoke it before 2019 and will it heal or hit Kashmir’s ties with rest of Ind...

Barely 48 hours after the BJP pulled out of the alliance with the PDP in Kashmir, talks on revoking Article 370 have gained steam. BJP MP, Sabha Subramanian Swamy in a tweet claimed to have written to the PMO on “why Article 370 can be deleted without Parliament concurrence."
Illustration by Arindam Mukherjee | ThePrint

Thanks to Modi govt’s woolly-headedness, it’s 1993 in Kashmir again

Both countries treat Kashmir as a blood feud, and they will continue the fight till the last Kashmiri.