India August inflation seen at 5-month high on rising food costs: Reuters poll

By Vivek Mishra

BENGALURU  - India's retail inflation is expected to have picked up to a five-month high in August, largely driven by higher food costs, a Reuters poll showed, easing pressure on the Reserve Bank of India (RBI) to cut interest rates again after poor growth data.

Consumer prices were forecast up at 3.20 percent in August from a year a

India expected to produce excess power this fiscal: Fitch

According to the latest report by Fitch Ratings, subdued demand growth, consistent capacity additions and better networks may result in India producing surplus power in the current fiscal, although sporadic outages continue and 24 per cent households are yet to be electrified.

Commenting on the issue, a Fitch rating official told the media, “India could actually produce a power

Why Indian cities must go for low-carbon energy

As India urbanises at a rapid pace, there's a daunting challenge in balancing higher energy use with a development model that is not fossil fuel-intensive and slows the growth of carbon emissions. Besides the mega cities, hundreds of smaller ones are growing exponentially across the country and there is urgent need to increase access to clean, affordable and reliable energy.

Altho

Kutch in the monsoon: A must-visit destination (Environmental Feature)

Bhuj, White, fluffy clouds hanging low over green hills, little pools of still water teeming with migratory birds and an omnipresent cool breeze -- the semi-arid region of Kutch in Gujarat transforms into a completely different avatar during the monsoon.

And although winter -- the time detailed as "ideal" to visit this region -- shows you a side of hers that

Limited access to capital, gender bias biggest challenges for Indian women entrepreneurs

Lack of access to capital, gender bias at work place and a weak infrastructure in capacity building for women to derive necessary skill sets are the "key challenges" in the way of women entrepreneurship in India, a US-based woman entrepreneur and investment banker said here on Thursday.

"In India despite all the pro women government schemes, the awareness of how to get

India to become 5th largest consumer market by 2030: Report

India will become the fifth largest consumer market in the world by 2030, a joint report said here on Thursday.

According to a Ficci-Deloitte report on the retail, fast moving consumer goods (FMCG) and e-commerce sectors in the country, the consumer retail industry is expected to reach a size of Rs 85 trillion by 2021.

"Consumer retail forms an integral part of the indu

GDP: More structural than cyclical challenges - Kotak Sec

GDP: More structural than cyclical challenges.

We believe market participants may be ignoring the structural challenges to India’s GDP growth by overly focusing on the cyclical factors of demonetization and GST. In our view, weak investment demand (30% of GDP) is a far bigger ‘structural’ challenge for the economy. We are not sure how

Jeera for Sep delivery contract heading for first weekly loss after two weeks - Angel Commodities

Below is the View On  Weekly Agri-Commodities by Mr. Ritesh Kumar Sahu (Fundamental Analyst– Agri Commodities, Angel Commodities Broking):

“Among agri-commodities, only Cardamom, Mentha, Chana and cotton trade on positive note while all other commodities are heading for weekly losses. Cardamom futures is heading for its 6th w

Takeaways from CEO track - Motilal Oswal

Remains focused on delivering stakeholder value

Takeaways from CEO track

We hosted Mr Satish Pai, MD of Hindalco Industries, as part of ‘CEO Track’ at our annual conference. Key takeaways:

* Hindalco's business model has become robust, with cost leadership and stability in Indian upstream operations

Where are the achche din? Government has no clue about economy: P. Chidambaram

Slamming demonetisation as a major factor responsible for the current deceleration in the economy, former Finance Minister P. Chidambaram says the government was "clueless" about the causative factors on why the GDP was declining and unless these are addressed the Indian economy would be stuck at six per cent growth.


He also said that if the government that came on t

India Strategy: Share buybacks: The signalling effect - ICICI Sec

Though share buybacks amount to distribution of cash to shareholders (similar to dividends), their key differentiating factor is the ensuing signalling effect for investors on the future prospects for the stock. For example, Warren Buffet is known to be averse to paying dividends due to better prospects of deploying capital, yet he is open to share buybacks if Berkshire Hathway stock price were

NTPC`s issuer rating unaffected by government stake sale: Moody`s

Government's sale of its 6.6 per cent stake in the state-run power giant NTPC Ltd has no impact on the company's Baa3 issuer rating, Moody's Investors Service said today. After the sale, the government will continue to hold a majority stake of 63.1 per cent in NTPC. The company's ratings remain supported by its strategic importance to the Indian economy, given its position as th

Lending rate cuts key to economic revival: BofAML

Lending rate cuts are key to economic growth recovery and banks should lower rates by 25 bps before the start of the busy season in October to accelerate reforms momentum, says a report as per the PTI. According to Bank of America Merrill Lynch (BofAML), investment continued to slip to 27.5 per cent of GDP, from 29.2 per cent in June 2016, with high lending rates dampening demand and sustaining

Rate cut hopes, healthy domestic cues lift equity indices

Short covering ahead of the August derivatives expiry, coupled with hopes of a rate cut by the Reserve Bank of India (RBI), healthy auto sales data and manufacturing data for the month of August, contributed to the bull run of key Indian equity indices for the third consecutive week.

Besides, investors' sentiments remained upbeat over positive global cues on the back of easing geo

Demonetisation may have hurt more than it helped

It will take time for the economists to figure out whether the fall in the growth rate to 5.7 per cent is the result of the disruption caused by demonetisation and the Goods and Services Tax (GST), but most of the common people will see a connection between the two steps and a slowing down of the economy.

For most of them, the GST seems right -- like the uniform civil code in another

Transition to new tax regime dents economic activity - IIFL

Indian economy lost further momentum during the first quarter of this fiscal year, with GDP growing at a meagre 5.7% (yoy), much lower than the reading of 7.1% for entire FY17. This has proved to be a major disappointment especially when compared with expectation of some resilience within the broader sectors of the economy. Transition to a new tax regime (GST) and partial impact of demonetisati

Expert Views : India`s economic growth slows to 5.7 pct in April-June

MUMBAI  - India's economy grew a much slower-than-expected 5.7 percent in the three months through June from a year earlier, down from a provisional 6.1 percent in the previous quarter, government data showed on Thursday.

Analysts polled by Reuters had forecast annual growth of 6.6 percent in the quarter.

COMMENTS

Mumbai may lose sheen among investors due to ill civic infrastructure

Complimenting resilience shown by Mumbaikars in battling heavy rains on August 29, the ASSOCHAM on Wednesday said the mega city would lose its sheen among the large domestic and global investors, as it is ill-equipped to face such eventualities. "No words are adequate for admiration for the bold and hardworking people of Mumbai but such a large and productive work force deserves a better d

Indian economic activity rebounded in July: Jefferies

Indian economic activity rebounded in July after the implementation of the pan-India Goods and Services Tax (GST), following a moderation in growth in the previous month, American investment banker Jefferies said on Tuesday.

"Economic activity saw a sharp rebound in July, post the GST-led moderation in June, with our Activity Index growth improving to best levels in 9 months led

Moody`s says G20 GDP growth to exceed 3 percent, warns of geopolitical risks

HONG KONG  - Moody's Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U.S. protectionism and spillovers from global monetary tightening and China's deleveraging measures.

The ratings agency said surprisingly strong data in the first half of the year prompted it to

#LeadershipSeries: An interview with Mr. Prasad Shejale.

Mr. Prasad Shejale, Co-founder & CEO, Logicserve Digital is one of the leading marketing & business leader in a candid discussion with our Editorial Team.

Q1. Prasad thank you for your time and pleasure chatting with you, firstly would like to ask you, Exciting times in the market the way everyone is focusing on digital space?

It is

Bharat Financial 'Investor meeting takeaways: Management sees growth momentum sustaining'

40-50% Loan CAGR may sustain over next 2 years

We hosted Bharat Financial (BHAFIN) management team for investor meetings. The company believes that it will be able to sustain growth momentum of 40-50% CAGR over next 2-3 years aided by: 1) 30% CAGR in customer additions, 2) 10-12% CAGR in ticket size expansion, and 3) balance from portfolio/ mix change.

India`s GDP growth seen picking up to 6.6 percent but GST fogs outlook: Reuters poll

By Sujith Pai and Anu Bararia

BENGALURU  - India's economic growth likely accelerated to 6.6 percent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over a new goods and services tax will dampen activity in coming months.

The forecast, from a survey of over 40 economists taken over the past

Weekly Market Outlook by Harsha Upadhyaya, CIO- Equity, Kotak Mutual Fund

Below is the View on Weekly Market Outlook by Harsha Upadhyaya, CIO- Equity, Kotak Mutual Fund

“The latest earnings season of 1QFY18 was largely a disappointment. 1QFY18 results suggest that the underlying conditions in several sectors and the broader economy continue to be weak. 1QFY18 net profits of the Nifty-50 Index declined by about 10% Y-o-Y

Microsoft ready to take 50mn SMBs on 'intelligent' Cloud: Anant Maheshwari

As over 50 million Small and Medium Businesses (SMBs) in India look to move to a secure Cloud, Microsoft -- with its end-to-end offerings with New-Age capabilities -- is set to help them evolve and adopt an "intelligent" Cloud, says Microsoft India President Anant Maheshwari.

Maheshwari, who believes that almost every company will eventually become a software one at some poi