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OP Thomas

  • 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
  • Amnesty scheme could get back black money

    Legal experts say there can be no roving inquiry by our government on account holders of Indian origin in foreign land

    Thursday, 10 July 2014 - 6:35am
  • Long-term objectives will lead to sustainable growth of 6-7%: Motilal Oswal

    Measures to boost near-term economic growth will be key

    Thursday, 3 July 2014 - 6:30am
  • Bulls want toxic Dividend Distribution Tax out

    Players say it amounts to double taxation, prompts companies to refrain from giving dividends

    Thursday, 3 July 2014 - 6:20am
  • Best quarter for BSE Sensex in 5 years

    The Bombay Stock Exchange Sensitive Index (BSE Sensex) on Monday registered its highest gain in 19 quarters as it closed 1.25% at 25,413.78. The NSE Nifty closed 1.37% up at 7,611.35. During the April-June quarter, the Sensex gained 3027.51 points and the Nifty appreciated 907 points, both up 13.5...

    Tuesday, 1 July 2014 - 6:00am
  • Railway freight hike seen inflationary, WPI could surge by 10 bps

    Government bond yields surged Monday on account of the government's steep hike of 6.5% in railway freight and volatile crude prices that hit a nine-month high of $115.66 following political tension in Iraq. The 10-year 8.77% government bonds maturing in 2023 rose 8 basis to 8.80% from Friday's...

    Tuesday, 24 June 2014 - 6:45am
  • Why Mumbaikars will continue to pay high tariffs to power companies

    It's a shocker. How the law of land is short-circuited to help power companies. Mumbaikars are left to live with expensive electricity even when the law of the land favours open access and competitive pricing. The regulator, the Maharashtra Electricity Regulatory Commission (MERC) which enjoys the...

    Tuesday, 17 June 2014 - 11:10am

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