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OP Thomas

  • 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
  • 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