Rate cut, not yet Boost business through other policies. Business sentiments have improved substantially since the new government assumed office and embarked upon a series of reforms and schemes aimed at boosting growth. Moreover, inflation has eased considerably on account of several factors, including a persisting weakness of consumer demand, fuelling calls for an early change in the stance of monetary policy to support a revival in growth. Read more on: http://www.thehindubusinessline.com/todays-paper/tp- opinion/rate-cut-not-yet/article6649754.ece World stock markets tumble as FTSE suffers worst weekly fall since 2011 Fears over Chinese economy, plunging oil price and Greece wipe £112bn from top UK equities as 100 index hits 6300.63. Global stock markets continued to tumble on Friday, pushing the FTSE 100 to its worst weekly fall in more than three years. Since Monday,£112bn has been wiped off the value of Britain’s leading companies. Read more on: http://www.theguardian.com/business/2014/dec/12/world-stock- markets-tumble-and-ftse-suffers-worst-fall-since-2011 CPI inflation falls, but so does factory output IIP shrinks 4.2% in Oct and retail inflation eases to 4.38% in Nov, strengthening the case for a rate cut by RBI. India’s factory output contracted unexpectedly in October, the first time in seven months and its worst performance in three years, while retail inflation touched a new low since the series was launched in 2012, strengthening the case for a rate cut by the central bank to spur investment and economic growth. Read more on: http://epaper.livemint.com/epaper/viewer.aspx Right time to ring in the mobile wallet in India and Asia-Pacific Start-ups must stay on top of trends without replicating each other’s offerings. Some months ago, Omlis, a mobile payment solutions provider revealed that while there were only 1.3 billion active credit and debit accounts across the world, there were 5 billion mobile phone accounts. Gartner had predicted earlier this year that mobile payment transactions worldwide would exceed $500 billion in 2014. Read more on: http://www.thehindubusinessline.com/todays- paper/tp-others/tp-emerging-entrepreneurs/right-time-to-ring-in- the-mobile-wallet-in-india-and-asiapacific/article6653024.ece Why “Google tax” became a European catchphrase Both Spain and the UK recently introduced Google tax, but the two measures are completely different. The “Google tax” badly needs a dictionary definition. Both Spain and the UK recently introduced one, but the two measures are completely different. Sure, journalists use the search giant’s name for click bait, but their choice also signals that in Europe Google has come to embody the evil excesses of the US-dominated tech industry. Read more on: http://www.livemint.com/Opinion/Z74SEPgQ3KFt5u0MZqdTnK/ Why-Google-tax-became-a-European- catchphrase.html?utm_source=copy
9
Embed
Rate cut, not yet CPI inflation falls, but so does factory ...dbe-du.org/Documents/FinancialPulse3.pdfIIP shrinks 4.2% in Oct and retail inflation eases to 4.38% in Nov, strengthening
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Rate cut, not yet
Boost business through other policies. Business
sentiments have improved substantially since the new
government assumed office and embarked upon a
series of
reforms and
schemes aimed
at boosting
growth.
Moreover,
inflation has
eased
considerably on
account of several factors, including a persisting
weakness of consumer demand, fuelling calls for an
early change in the stance of monetary policy to
support a revival in growth.
Read more on: http://www.thehindubusinessline.com/todays-paper/tp-
opinion/rate-cut-not-yet/article6649754.ece
World stock markets tumble as
FTSE suffers worst weekly fall
since
2011 Fears over
Chinese
economy,
plunging oil
price and
Greece wipe
£112bn from
top UK
equities as 100 index hits 6300.63. Global stock
markets continued to tumble on Friday, pushing
the FTSE 100 to its worst weekly fall in more than
Tech Mahindra is set to strengthen its presence in
the network services segment by acquiring US-
headquartered Lightbridge Communications
Corporation (LCC) for $240 million. The deal takes
the Mahindra group company a step closer to its
‘stretch goal’ of clocking $5 billion in revenue by
2015-end.
Future Consumer Enterprise, a part of Kishore
Biyani’s Future Group, announced that it had
acquired iconic southern supermarket chain
Nilgiris. The company informed the BSE that it has
bought a 97.97 per cent in the retail chain.
Adani Power, owned by billionaire Gautam Adani,
purchased the Avantha Group's Korba West Power
Co. (KWPCL) for Rs 4,200 crore. The wholly owned
subsidiary of Avantha Power owns a 600 megawatt
coal-fired plant in Chhattisgarh. KWPCL is building
an additional 600 MW of capacity.
Kotak Bank acquires ING Vysya for Rs. 15,000
crore
Kotak Mahindra Bank Ltd is acquiring ING Vysya Bank Ltd in an all-stock transaction that will create
India’s fourth largest private sector lender with nearly Rs.2 trillion of assets and 10 million customers. The deal entails the swap of 725 Kotak Mahindra shares for every 1,000 shares in ING Vysya. It has been struck at a 16% premium to the one month-average share price of ING Vysya, valuing the lender at $2.5 billion (about Rs. 15,000 crore), and making it the biggest bank acquisition in India. Read more on: http://www.livemint.com/Companies/d3JEmWoM4ZxUc31WRDOA6O/Kotak-Mahindra-Bank-to-acquire-ING-Vysya.html
Kisan Vikas Patra to be relaunched
today; money to double in 100
months The government will relaunch the Kisan Vikas
Patra scheme on Tuesday, hoping to lure investors
away from gold and fraudulent schemes by offering
attractive terms. There
won't be any upper limit on
investments, the minimum
denomination being Rs
1,000. Investors will be
able to double their money
in 100 months but the
government has bundled in
a number of features to
enhance liquidity of the instrument. Read more on: http://articles.economictimes.indiatimes.com/2014-11-18/news/56222203_1_post-offices-popular-scheme-ambitious-
scheme
PMO using Big Data techniques on
mygov.in to translate popular mood
into government action The Modi government has
roped in global consulting
firm PwC to assist in the
data mining exercise, and
now wants to elevate ideas
thrown up by citizens on
its crowdsourcing
platform mygov. in, from a one-way flow of citizens'
ideas to a dialogue where the government keeps them
abreast of some of the actions that emerge from their
brainstorming. Read more on: http://articles.economictimes.indiatimes.com/2014-11-