On a day of interesting economic events, all eyes were on the Karnataka assembly outcome. While the BJP government in Karnataka has 15 days time to prove its majority, there is a Supreme Court hearing on Friday morning which will finally determine whether Read more [...]

The pitch has been finally cleared for the BJP to be sworn in as the ruling party in Karnataka, which is understandable considering that they are the largest single party. This should be a sentimental boost for the markets. While the BJP has 15 Read more [...]

The Karnataka Stalemate may have finally come to an end with the Karnataka Governor, Vajubhai Vala, inviting the BJP to form the government and prove their majority on the floor of the house. The Congress and the JD(S) have threatened to approach the Read more [...]

  The Karnataka election results threw up a split verdict with the BJP falling around 8 seats short of the absolute majority mark. To complicate matters further, the Congress party with 78 seats has agreed to support the JD(S) with 37 seats Read more [...]

Raises bigger questions about Indian home-grown businesses… In one of the biggest ecommerce deals, Wal-Mart bought a 77% stake in Flipkart for a consideration of $16 billion. This gave Flipkart an enterprise valuation of $21 billion. For quite some Read more [...]

In the last few weeks, the Indian rupee has shown some distinct weak signs. From a level of around 64/$ a year ago, the INR has weakened closer to the 68/$ mark in the first week of May. Broking reports are already indicating INR at beyond 70/$ by end Read more [...]

The woes for PSU banks continued with Union Bank recording a loss of Rs.2583 crore in the fourth quarter of the fiscal. Gross NPAs of Union Bank increased sharply from 13.03% to 15.73%. However, the bank chairman has confirmed that most of the stress Read more [...]

Even as the NPA woes continue among the PSBs, the RBI has put a bar on fresh lending by Dena Bank. It may be recollected that Dena Bank was already under Prompt Correction Action (PCA) wherein the bank’s financials, recruitments of senior personnel Read more [...]