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OP Thomas

  • RBI may delay rate cut, say bankers

    With the recent fall in commodity prices including crude oil coupled with a depreciating rupee, the Reserve Bank of India (RBI) will be in no hurry to cut interest rates, even though trade and industry bodies have been lobbying hard with the government for cheaper funds to boost growth.

    Wednesday, 17 December 2014 - 7:20am
  • Rouble turmoil roil global markets

    Sensex plummets 538 points, rupee breaches 63 a dollar mark as FIIs sell heavily; experts see the slide continuing in the week ahead

    Wednesday, 17 December 2014 - 6:55am
  • GDP grows 5.3% in Q2 as services, mining hold fort

    The Indian economy grew 5.3% during the July-September quarter, marginally better than market expectations of 5.1%. The improvement in the gross domestic product (GDP) was largely due to growth in services, mining, power and construction activities. The growth was offset by marked decelerations in...

    Saturday, 29 November 2014 - 7:30am
  • Supreme Court to decide what constitutes as non-performing assets

    Several promoters of distressed companies have dragged the Reserve Bank of India to the Supreme Court alleging that its prudential norms defy the right to equality under Article 14 of the Constitution of India. The case comes up for hearing on this Wednesday where it's just not the definition of...

    Monday, 10 November 2014 - 6:22am
  • Banks may initiate rate cuts ahead of RBI's signal

    Falling commodity prices, especially of crude and metals, a stable currency, rising exports coupled with a market awash with global liquidity and a possible Moody's upgrade on India are all pointing towards a softer rate regime possibly as early as December. "It does not matter whether the Reserve...

    Monday, 3 November 2014 - 7:00am
  • Centre balks at tax treaty after Supreme Court rap

    It seems ironic that when it is fighting to bring tax evaders to book, the Indian government has pulled out at the last moment from the multilateral tax-evasion agreement initiated at Organisation for Economic Co-operation and Development (OECD). Interestingly, India was proactive in terms of...

    Friday, 31 October 2014 - 6:15am
  • Will black money held overseas flow back to India?

    BofA-ML estimates capital flight of $200 b, or Rs 12 lakh crore, in the last decade; bankers say very little may come back as evaders are smart enough not to leave the dough on the table

    Thursday, 30 October 2014 - 6:40am
  • Falling crude brings fiscal deficit target within reach

    Lower gold prices, stable rupee and proceeds from spectrum auction to help government achieve the budgeted fiscal deficit target of 4.1% for this fiscal

    Thursday, 23 October 2014 - 6:20am
  • ‘There is high probability of interest rates to be much lower over the next two years’, says Nimesh Shah, MD & CEO, ICICI Prudential AMC

    Indian economy is on an upward trajectory. Inflation has already begun to ease, rates are stable and the possibility of good numbers on industrial production looks a certainty. Nimesh Shah, MD & CEO, ICICI Prudential AMC, shares his views with OP Thomas on the economy and investment...

    Tuesday, 21 October 2014 - 7:12am
  • Narendra Modi's smart cities is a step in right direction but infrastructure needs to built first: HDFC CEO Keki Mistry

    Costs of housing has only been on the upmove due to scarcity of land and concentration of businesses in few pockets. To make housing affordable, infrastructure development is the path to adopt and encourage businesses migrate to areas where land and labour are cheaper. In the bargain, the...

    Monday, 13 October 2014 - 6:29am