Informist, Monday, May 23, 2022 By Joe Milton and Dhanya Nagasundaram MUMBAI - Growth prospects of India's steel sector are seen hurt by the government's move to impose an export tariff on some steel products since this will hit profitability of steelmakers and affect their ability to service debt. Over the weekend, the...
Informist, Friday, May 20, 2022 By Preeti Bhagat and Saji George Titus NEW DELHI – What was the wettest region is not so wet any more. What was driest is not as dry too. Monsoon rain over eastern India, among the world's wettest regions, has been decreasing over the years, says Mrutyunjay Mohapatra, director general of meteorology of the India Meteorological Department. "If...
Informist, Friday, May 20, 2022 By Rajesh Gajra In a speech in February, the then Securities and Exchange Board of India chairman Ajay Tyagi said the issue about appropriateness of valuation of loss-making new-age companies coming out with initial public offerings was being debated intensely. The debates have picked up pace in recent...
Informist, Friday, May 20, 2022 --Lupin CFO: See tepid growth in US ops; new launches key for revival--Facing intense competition, price erosion in US generics--Complex drug, biosimilar launches to aid US margin growth--Indian facilities ready to be inspected by US FDA --Somerset unit resolution may take time; observations repeat By Apoorva Choubey MUMBAI – Lupin...
Informist, Friday, May 20, 2022 By Subhana Shaikh and Sanjana Raina MUMBAI – Taking markets by surprise, A.K. Capital moved to the top spot on the corporate bond arranger league table in April as three solely arranged deals helped it climb four notches from the position it occupied a month ago. For the last four years, the top position...
Informist, Thursday, May 19, 2022 --Bandhan Bank MD: To graduate group loan borrowers to individual loans--Need to change mindset that bk is microcredit lender--To increase shr of non-microfin loans in total book--Diversifying loan book to mitigate operational risks--System in place to ramp up housing loans By Bhakti Tambe and T. Bijoy IdicheriahMUMBAI – With Bandhan Bank emerging from the...
Informist, Thursday, May 19, 2022 By T. Bijoy Idicheriah Last week, Coinbase Chief Executive Officer Brian Armstrong blamed "informal pressure" from the Reserve Bank of India as the reason for the cryptocurrency exchange backtracking on using the Unified Payments Interface as a mode of payments in India. Coinbase, which launched operations in India...
Informist, Thursday, May 19, 2022 By Kavita Desai MUMBAI – Cotton regained its white gold status this year with prices soaring nearly 50%. While this turned out to be a boon for farmers, domestic prices topping 50,000 rupees per bale (1 bale = 170 kg) had a bearing on the textile value chain and led to growing...
Informist, Wednesday, May 18, 2022 By Sayantan Sarkar MUMBAI – The share of India’s crude oil imports from Russia has risen to nearly 5% of its total crude import basket in April from 1% in March. While the rise is not surprising as India has been filling up its stock with some...
Informist, Wednesday, May 18, 2022 By Ajay Ramanathan and T. Bijoy Idicheriah MUMBAI – The domestic and global policy environment has turned bleak. But even in this scenario, Bank of Baroda Managing Director and Chief Executive Officer Sanjiv Chadha is convinced that the state-owned lender will continue to deliver on growth and key...
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