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 [...]