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OP Thomas

  • Insurance scam: IRDA warns against fraudulent agents who mis-sell products with refund baits

    The Insurance Regulatory and Development Authority (Irda) has issued a circular warning against fictitious offers, including insurance bonus and refunds, and advises customers to contact the police to furnish the numbers from which the calls originate. At least 15 insurance companies have received...

    Monday, 1 September 2014 - 7:23am
  • Suzlon to raise Rs 4,000-crore from equity market this fiscal to pare debt

    With an estimated order book of $7 billion, the company expects revenues to touch Rs 2,700 crore by current fiscal end

    Tuesday, 26 August 2014 - 7:30am
  • IMD says rice, pulses output could be close to normal

    Even though Indian Meteorological Department (IMD) has revised downwards the monsoon forecast for June-September period to 87% from 95% of long period average, early signs indicate that the country could end up with normal food production in rice and pulses. However, below average production is...

    Tuesday, 19 August 2014 - 6:30am
  • REITs to draw retail participation, do away with black money

    Block by block Rs 1.5 lakh crore-- assets that may come under REITs 90% net distributable cash flows would go to investors The Securities and Exchange Board of India's (Sebi) approval to set up real estate investment trusts (REITs) will now establish a direct co-relation between rentals and real...

    Tuesday, 12 August 2014 - 6:50am
  • Nervousness grips bond market as FIIs turn sellers

    Panic strife foreign institutional investors (FIIs) have turned net sellers of government bonds in August and have sold about Rs 5,000 crore worth of paper in secondary trades leading to a surge in bond yields.

    Monday, 11 August 2014 - 7:44am
  • Riding the hope rally as markets run up nearly 30%

    Though ground situation has not changed much, the market has run up nearly 30% since February on hopes that the new government will turn things around. OP Thomas takes a ringside view of the battle between the bulls and bears

    Saturday, 26 July 2014 - 12:00am
  • BRICS to stand up to IMF model of development

    The latest initiative by five nations -- Brazil, Russia, India, China and South Africa (BRICS) -- to float the New Development Bank on the lines of the International Monetary Fund (IMF) has been a victory of sorts for these countries that account for a fifth of the global economic output, though...

    Friday, 18 July 2014 - 7:05am
  • Cooling oil prices may help cut fiscal deficit

    A sharp fall in global Brent crude price from its June 19 peak of $115.06 a barrel to $104.52 currently has brought about major relief to oil marketing companies. But it would turn out to be a big breather for the government if it decides not to pass on the benefit to the end user, and instead opt...

    Thursday, 17 July 2014 - 6:35am
  • State Bank of India cuts short-term fixed deposit rates, others may follow suit

    Lender looking to take advantage of glut into bank deposits following government move to tax debt Mfs retrospectively

    Wednesday, 16 July 2014 - 5:15pm
  • Domestic investors can now seek advance tax ruling

    (Tax anomaly between FIIs and DIs remains)

    Friday, 11 July 2014 - 7:45am