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widening gap between private sector inflation forecasts and the inflation target of the RBI could explain why the central didn’t cut the policy rateThe six members of the monetary policy committee have surprised the financial markets by deciding to keep interest rates unchanged in the new monetary policy announced on Wednesday.Inflation continues to retreat, so what could have made the Reserve Ban...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
thought RBI would go for a 25 bps rate cut to take care of the impact of demonetisation on inflation as well as economic growth. But it hasn’t done soRBI governor Urjit Patel. The government wouldn’t have liked a rate cut at this juncture as that would have focussed on the impact of demonetisation too soon. Photo: Abhijit Bhatlekar/MintThe key takeaway from the December policy of the Reserve Bank ...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
the central bank’s board rubber-stamped the currency exchange decision, it is clear then that RBI’s autonomy has been compromisedThe gazette notification that withdraws the legal tender status in the preamble states that the decision was based on recommendation of the central board of directors of the RBI. Photo: ReutersIn a recent interview I had with Y.V. Reddy, a former governor of Reserve Bank...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
Cab-hailing services have seen a slight drop, food ordering and grocery delivery start-ups have seen a slight increase in businessDemonetisation has reversed the nascent recovery in e-commerce after Flipkart and Amazon India posted record sales during the festive season. Photo: Ramesh Pathania/MintThe withdrawal of high-value notes from circulation has had a mixed impact on the country’s online bu...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
rupee opened at 67.82 against the US dollar and touched a high of 67.78, a level last seen on 17 November. Photo: MintThe Indian rupee on Wednesday strengthened for the seventh consecutive sessions to closed at nearly one month high against the US dollar while 10 year bond yield jumped 20 basis points its biggest gains in over three years after the Reserve Bank of India kept interest rates unchang...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
changes the two-factor authentication process for online card transactions up to Rs2,000, in a move aimed to simplify, encourage electronic paymentsRBI move to ease online payments norms will likely help cab aggregators, online movie ticket sellers and even e-commerce marketplaces. Photo: iStockThe Reserve Bank of India (RBI) has removed the so-called two-factor authentication for online card tran...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
IDFC Balanced Fund is proposed in a 60-40 proportion, where 60% of the assets will get invested in equity and the rest in fixed income schemesIDFC Asset Management Co. Ltd earlier this week announced the launch of IDFC Balanced Fund.IDFC is the latest asset management company (AMC) to foray into the balanced funds arena. There are currently 100 such funds in the mutual funds industry, of which fiv...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
Baring PE Asia is one of the largest Asia-focused alternative asset management firms with $10 billion worth assets under management (AUMs).Baring Private Equity Asia managing director Lakshmiah Balachandra Naidu has quit the buyout firm to set up his own private equity (PE) fund, two persons aware of the development said.Naidu, known as Bala Naidu in PE circles, joined Baring PE Asia in 2013, and ...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
Wicketkeeper Parthiv Patel, rewarded for his consistent domestic show, will get another chance in Mumbai to prove himselfParthiv Patel will play the fourth Test in Mumbai from today. Photo: Altaf Qadri/APIf you can wait and not be tired by waiting”—Rudyard Kipling’s words capture the essence of Parthiv Patel’s comeback into the Indian Test team after a gap of eight years.Like Ashish Nehra’s return...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
Quinton de Kock has raised the bar by a few notches in contemporary cricket, with his ability to scrap and stay with the tail or shift gears to tighten the screws after the top-order has firedIt is not often in Test cricket that you see a No.7 batsman effortlessly take the fight to the opposition.You know you are watching a once-in-a-generation cricketer considering that South African wicketkeeper...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
Interim chairman Ratan Tata in a letter to shareholders says Tata Sons had lost confidence in Cyrus Mistry and his ability to lead the groupRatan Tata said Cyrus Mistry was offered an opportunity to step down voluntarily from the chairman position, which he rejected. Photo: MintTata Sons Ltd interim chairman Ratan Tata on Wednesday asked shareholders of group companies for their support in removin...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
lack of a popular successor to Jayalalithaa in AIADMK presents an opportunity for Narendra Modi’s BJP as Tamil Nadu looks set to see a reconfiguration in state politicsPrime Minister Narendra Modi gestures after paying homage to the body of J. Jayalalithaa, who died on Monday, in Chennai. Photo: ReutersThe death of popular Tamil Nadu chief minister J. Jayalalithaa presents a political opening for ...
Source : Livemint | 14 Hour(s) AgoCategory : Commodities
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