It is probably clear to most Indian media companies that their nemesis is not a rival newspaper, TV channel or website, but tech’s T-Rexes – read Google and Facebook.
For the nation’s sake, better informed anchors and guests are extremely necessary if the debate must contribute to the hope that the valley emerges from the sorrow.
Chidambaram says RBI has surrendered its autonomy and independence to the government.
It is clear that the institution and its leadership was fully involved in the decision making process for four months prior to November 8.
Reliance Capital chief investment strategist Madhusudan Kela says government is in a “sweet spot” and has space to roll out stimulus in the Budget.
Debroy says demonetisation is not a magic wand that solves things overnight. This is a trigger for an institutional change.
Even if all the old Rs 500 and Rs 1,000 notes do not come back to RBI, such notes will still remain as the liabilities of RBI.
Scarcity of new Rs 500 notes was due to the fact that final decision to print large volumes was only taken after Nov 8.
The decision was originally supposed to have been announced on Nov 18, but PM Modi preponed it due to leak of the Rs 2,000 note.
By now it is amply clear that the process of remonetising India is going to be long drawn out and may not bring back the entire Rs 15.44 lakh crore of junked currency.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months