The inside story of mega bank mergers
An extract from the forthcoming book ‘Pandemonium: The Great Indian Banking Tragedy’ gives a behind-the-scenes glimpse of how the Modi government’s ambitious bank merger plans unfolded.
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RBI MEASURES IMPRESS MARKETS
Round II of RBI’s Covid-19 crisis measures was received by the Sensex and the Nifty 50 gaining 1,116 and 331 points each before closing 986 and 273 points higher from the previous day’s close.
Markets continue to be virus-hit
Equity markets are back to tracking Covid-19 numbers amid fears of global recession. The Sensex and the Nifty 50 closed over 1,375 points and 379 points lower compared to Friday’s close.
YES Bank reports record ₹18,564-crore loss in Q3
The beleaguered private bank’s new investors have to deal with the already declining deposit base and mounting non-performing assets.
Finance minister holds review meeting with bankers
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
India may have a Detroit-like city for EVs: CEA
The CEA, Krishnamurthy Subramanian, feels that the major impediment to increased adoption of EVs in India seems to be the limited availability of charging infrastructure.
Decoding disinvestments
A detailed look at data reveals that Modi 1.0 had a far superior record on disinvestment compared to UPA 2.0.
Auto industry seeks GST cuts from Budget 2019-20
The industry, which is facing headwinds such as rising fuel prices, muted consumer sentiment, and the transition to BS VI emission norms, expects the cut to provide some relief.
The RBI has spoken, now for the government
An accommodative monetary policy can only do so much, a lot of initiatives will be needed from the finance ministry to put the economy back on track.
Markets end lower after Modi unveils portfolios
Sensex, Nifty hover near lifetime highs after the inauguration of the new Cabinet, but close lower after realising that the new government has old challenges to tide over.
