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OP Thomas

  • A new economic order is rising

    As the NDA government led by Narendra Modi breaks down economic structures, thwarts decades-old legacies of Plan era, cuts down on doles and subsidies and starts building new institutions to move towards more market driven economy, a new resurgent India is in the making. On the first Republic Day...

    Monday, 26 January 2015 - 5:51am
  • What fuel price cut means to the economy, and to BJP in Delhi

    Popularity, coffers to swell as petrol, diesel get cheaper

    Saturday, 17 January 2015 - 7:44am
  • Markets cheer RBI repo cut; but move will take time to trickle down

    The Reserve Bank of India took the equity markets by surprise announcing a reduction of 25 basis points in repo rate to 7.75% shortly before they opened for trading on Thursday. Equity players were taken aback by the RBI move which was a major deviation from its usual practice of announcing...

    Friday, 16 January 2015 - 7:18am
  • More pain ahead but India on strong foundation

    Falling crude prices and talks of Greece pulling out of the euro currency once the elections are over by the third week of this month could lead to severe ramifications across global financial markets.

    Wednesday, 7 January 2015 - 9:20am
  • Factory activity spurts to 2-year high in December

    HSBC PMI registers 54.5 last month as new orders spike; in contrast with IIP which registered 4.2% contraction in October

    Saturday, 3 January 2015 - 6:40am
  • Benchmark indices end the year with 30% gains on Modi wave

    The year ended on a buoyant note on Wednesday, with the benchmark indices, Sensex and BSE showing a marked appreciation of at least 30% as against the previous year's dismal 7%. The BSE Sensex ended the year at 27499.20 registering a massive annual rise of 29.89% while the NSE Nifty at 8282.70 was...

    Thursday, 1 January 2015 - 7:30am
  • FY15 one of sentiments; FY16 a year of action

    Greatest relief on fiscal deficit comes in oil subsidy with falling crude prices; all eyes now set on the government's budget announcement in Feb

    Saturday, 27 December 2014 - 6:10am
  • 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