Midnight News Update – Aug 29th 2017 The government of India has brought out its consolidated FDI policy which also includes broad measures to encourage start-ups. The idea is to project start-ups as the software of India’s FDI plan so as to Read more [...]

Weekly Capsule (Aug 21 – Aug 25) and Impact Analysis Major News Item Impact Analysis     Ø  Nandan Nilekani takes over as non-executive Chairman of Infosys Ø  This fills up the vacuum created at the top after the resignation Read more [...]

Midnight News Update – Aug 24th 2017   The Cabinet approved the merger of PSU banks in principle today. The final decision on specifics of mergers will be taken by a Group of Ministers which will be constituted by the Prime Minister. The Read more [...]

Midnight News Update – Aug 23rd 2017   The IMF is of the view that the Indian economy is in a much better position to weather the storm of Fed tightening compared to other Emerging markets. According to Ratna Sahay of the IMF, the political Read more [...]

Midnight News Update – Aug 22nd 2017   A recent report by ICRA expects the ROE of microfinance companies to turn negative in the fiscal year 2017-18. That is not great news for these MFIs that are already struggling under the strain of bad Read more [...]

Midnight News Update – Aug 21st 2017   Foreign portfolio investors (FPIs) pulled out a little over $1.2 billion from Indian equities in the first couple of weeks of August. Geopolitical tensions have impelled FPIs to look at other geographies Read more [...]

Savings Rate Cut As more banks follow, be prepared for lower rates on deposits… Shortly after SBI took the lead in cutting the rates of interest on savings deposits, many more banks have followed suit. Banks like PNB, BOB, HDFC Bank, Axis Bank, Yes Read more [...]

Weekly Capsule (Aug 14 – Aug 18) and Impact Analysis Major News Item Impact Analysis     Ø  The MPC minutes indicate a clear shift towards a dovish stance by RBI Ø  Five out of the six members of the MPC were in favour Read more [...]