Tag Archives: Indian

Indian tribunal refuses to lift SEBI ban on Price Waterhouse

India’s Securities Appellate Tribunal (SAT) said on Friday that Price Waterhouse can continue to service existing clients whose financial year started on Jan. 1 2018, but it refused to grant a stay on a two-year audit ban ordered by the market regulator. The markets regulator, Securities and Exchange Board of India, last week barred Price Waterhouse from auditing listed companies ... Read More »

Indian Online Portal, Wholesale Market Listed As “Notorious” By The US

WASHINGTON:  Popular Indian portal IndiaMart.com and Delhi’s wholesale market Tank Road have featured in the annual American notorious markets list which was released on Friday and is topped by China. The list released by the US Trade Representative (USTR) highlights 25 online markets and 18 physical markets around the world that are reported to be engaging in and facilitating substantial copyright ... Read More »

Indian market most expensive, but FPIs may still love it: Here’s why

NEW DELHI: On paper, the domestic equity market is the most expensive emerging market globally. Yet, hope of a sharp recovery in earnings has lifted stocks to all-time high levels. For overseas investment flows to be strong in 2018, earnings need to meet the heightened expectations. They have been disappointing the Street in each of the past few financial years. While PE ... Read More »

Why do Indian online shoppers trust Flipkart more than Amazon? This survey has the answers

At least on one front, homegrown Flipkart appears to be inching ahead in its fierce battle against American e-commerce major Amazon. Indian shoppers trust Flipkart as a brand more than Amazon, according to a recent survey by e-commerce advisory firm Redseer Management Consulting, which polled 7,500 respondents across 30 cities between July and September 2017. The survey rates the companies ... Read More »

Indian mindset for ownership of Air India, in theory all open, says aviation minister

Civil aviation minister Ashok Gajapathi Raju on Thursday said the “Indian mindset” is to keep the ownership of Air India within the country but “theoretically everything is open”, including allowing foreign bidders. His comments assume significance as it indicates that the government might tweak the Foreign Direct Investment (FDI) norms with respect to Air India — the loss- making national ... Read More »

It’s official, Indian banks’ health will worsen

The Reserve Bank of India is pushing banks hard on NPAs, but the resolution of bad loans will be a long haul. Photo: Aniruddha Chowdhury/Mint Those who have been hoping that the worst is behind the Indian banking industry are a disappointed lot. Going by the Reserve Bank of India’s (RBI) June Financial Stability Report, the risks to the banking ... Read More »

Indian markets closed today for public holiday

The broader NSE index fell 0.57% on Friday, closing at its lowest since 25 May. The benchmark BSE index fell 0.49%. Photo: Hemant Mishra/Mint Mumbai: India’s stocks, bonds and currency markets will be closed on Monday for a public holiday. Trading will resume on Tuesday. The broader NSE index fell 0.57% on Friday, closing at its lowest since 25 May. ... Read More »

Supply chain finance The Indian approach is outdated

Policymaking in India is subject to multiple demands, and often lacks focus as a result. Implementation is often hampered by inertia and lack of expertise. Both these conditions contribute to India’s economic performance being short of what it can and needs to be. In recent columns, I have been highlighting continued policy failures in higher education and how digital technology ... Read More »

Indian thirst for Scotch whisky boosts exports

Scotch whisky exports rose 3.1 per cent in the first six months of 2016, driven by booming demand in India, a market that whisky’s trade body says should be a top trade priority for Britain as it navigates its exit from the European Union. Demand in India, where the market grew 41 per cent by volume and 28 per cent ... Read More »

Indian money in Swiss banks dips 33% to Rs 8,392 cr

Money held by Indians in Swiss banks has fallen by nearly one-third to a record low of 1.2 billion franc (about Rs 8,392 crore) amid a continuing global clampdown on the famed secrecy wall of Switzerland’s banking system. The funds held by Indians with banks in Switzerland fell byCHF 596.42 million to CHF 1,217.6 million at the end of 2015, ... Read More »