Why the government is right in preventing promoters from bidding? The Essar Steel case is taking an interesting turn. The promoters have come up with the highest bid for the assets of Essar Steel after the Arcelor bid was accepted and finalized by the Read more [...]

News Announcement Impact Analysis In a setback for defaulters, Supreme Court upholds Bankruptcy Code The petition against the promoter ban on bidding for NCLT companies has been rejected by the SC That means the Ruias will not be Read more [...]

Wall Street cracked more than 1.25% on Tuesday on global growth worries. In fact, the Dow opened weak on Tuesday after two pieces of negative news spooked the world market sentiments. On the one hand the IMF downsized world GDP growth by 20 bps for this Read more [...]

Finally, the change of guard at Yes Bank has been formalized. Yes Bank has announced the appointment of Ravneet Gill as the next CEO. The hunt for the CEO had begun after the RBI had refused to permit Rana Kapoor to continue as CEO beyond January 31st Read more [...]

The Nifty got closer to the 11,000 marks on Monday after hopes that China would further stimulate its economy. China had recently reported its full-year growth at 6.4%, the lowest level in the last 22 years. At Davos, the IMF has underlined that Read more [...]

India has now emerged as the second largest steel producer in the world after China as it edged past Japan. As per a report, India produced 96.92 MT of steel in the first 11 months of 2018, nearly 4.5 MT more than that of Japan. Of course, China with Read more [...]

As Union Budget approaches, the big casualty could be fiscal deficit Fiscal deficit shows the extent to which the government cannot fund the budget through internal sources. That has to be bridged by borrowing and it is a key barometer of the overall Read more [...]

Will the RBI even consider a 50 bps rate cut and CRR cut? One of the highlights of the previous week was the CII representation to the RBI governor, Shaktikanta Das. The representative body of Indian industry has called on the RBI to aggressively cut Read more [...]