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Economy
Bhalla: Food Security Bill (FSB) will cost 300,000 cr., or 3% of GDP
Surjit Singh Bhalla has come up with a fascinating insight on the new Food Security Bill (FSB) in which he says will cost us over 300,000 cr. He was responding ...
General
Unilever Open Offer Nets $3 bn, Gets Them To 67%
Unilever’s open offer for Hindustan Unilever (HUL) shares has been completed, with them acquiring about 32 cr. (320 million) shares at the price of Rs. 600. ...
Economy
RBI Wants Banks to Set More Aside for Unhedged Forex Exposure by Borrowers
RBI has announced draft guidelines for higher provisioning requirements while lending to corporates with “unhedged foreign currency exposure”. A quick ...
General
Sub-Prime Securities?
Economic Times has the news that Prime Securities, a broker with the NSE, is in trouble for owing Rs. 80-100 cr. to the NSE for derivatives trading margin. ...
Commentary
#Linkfest: Gold Shortage, Bad Rating Agencies, Services PMI , Low Auto Sales and the Fun in Greece
Gold’s trading at a high premium. Get this, RBI. You can’t reduce the consumption of a product by restricting supply, when demand is high. Jewellers are ...
Charts & Analysis
Chart: Base Rates of Indian Banks Don’t Respond Quickly When RBI Cuts Rates
Since RBI introduced the base rate in 2010, Banks are not allowed to lend below that rate. Take a look at how banks have moved their rates in response to RBI ...
Foundations
The Betrayal of Market Prices
The quality of underlying data is very important when you try to make decisions based on that data. For instance, my friend Karthik Shashidhar writes at ...
Economy
26 New Bank Applicants Includes Most Big Family Names, Some Unknowns
Twenty six applicants have come forward for setting up banks in India, says the RBI. The exhaustive list: Aditya Birla Nuvo Ltd., Mumbai. Bajaj Finserv Ltd., ...
Charts & Analysis
July Manufacturing PMI at 50.3 (No-Change)
The HSBC Markit Purchasing Managers’ Index (PMI) is at 50.3 and stagnant from last month’s 50.1. Remember, the numbers above 50 indicate expansion (higher ...
Charts & Analysis