Rashesh Shah, Chairman & CEO of Edelweiss Group

The finance minister wants to encourage people to move from savings to consumption

Steps in Budget should help lift India Inc's optimism: Edelweiss Group CEO

Business Standard

The Reform, Perform and Transform policy of the government is working well

Budget 2019 is impressive in clarity on both the destination and direction

Interim Budget 2019

Fiscal deficit target, fiscal deficit

One must applaud the finance minister for containing and maintaining the fiscal deficit at 3.4% of the GDP for FY20

Interim Budget 2019: Balancing of long- and short-term priorities

rupee, rupee falls

chart

It is important to ensure that India is competitive. As such, Rs 72-73 to a dollar may be the right level

The fair value of rupee

Illustration by Binay Sinha

GST stabilisation, DTC implementation and banking reforms are crucial for sustaining high growth for a long period

Building on the signs of economic recovery

Rashesh Shah, edelweiss

GST is a structural reform and is expected to accelerate the pace of GDP growth

GST: A win-win for states and Centre

India Inc can take care of itself even without govt's overt help. Let's focus on the Modi agenda for common man, rather than on the Modi agenda for India Inc

Rashesh Shah: Who needs Modi more?

India is entering 2014 from a fairly good place. Our currency has stabilised a lot. Gold imports have come down and so has the current-account deficit (CAD), the latter story unlike a lot of other emerging markets. Overall, except for inflation, on most of the other counts, there's a sense of optimism. Some of the projects which are stuck are being revived. We should come back to 5.5 per cent growth in the coming year.Elections are a key event the next year but whichever government comes to power, there's talk about reviving growth, speeding projects and raising capital expenditure. There's a shift on getting the economy going again by all parties. The only negative surprise could come from a fractured mandate.  India is now a highly under-invested market. Corporate India has done very well. Capital allocation into companies is going very well and companies are efficiently managing capital. Equities will come back in 2014 after five years. We are seeing this transition from bonds and c

A comeback year for equities: Rashesh Shah

I consider a management education an important part of ones career in the corporate world. However, there are things that are not taught at an MBA programme  some because they cannot be taught (at

`Think fuzzily, and have an eclectic approach`

Business school education is of great value. Management tools and techniques, exposure to concepts and the understanding of business have been very useful to me. 


B-schools are a starting point

Last year was one of the worst for the economy since the start of the reforms programme in 1991. The economy was whiplashed by four forces - sticky inflation, forcing the Reserve Bank of India (RBI) to raise interest rates aggressively; lingering policy paralysis as the government battled multiple political issues. Large fiscal slippages leading to crowding out of the private sector and uncertain global macroeconomic backdrop, particularly the European debt crisis. We are not out of the woods yet. The situation in Iran and its possible impact on global oil prices are likely to have a direct negative bearing on India.

A tough task

Yoon is now suspended from office pending a decision by South Korea's Constitutional Court, which has up to 180 days to rule on his removal or reinstatement

Yoon Suk Yeol, Yoon Suk, South Korea President

New Delhi [India], December 14: Supported by the Ministry of Tourism, Government of India, BOTT is delighted to announce the BOTT Knowledge Conclave: Tourism@2025, a premier thought-leadership event, scheduled on December 18, 2024 at Bharat Mandapam, New Delhi. The conclave is aimed at unlocking the immense potential of the global travel industry with a focus on India Tourism. It will bring together leading voices in tourism to discuss opportunities, challenges, and innovations shaping the future of both inbound and outbound travel.

BOTT Knowledge Conclave: Tourism@2025 - Charting the Future of Tourism

The Centre's panel on Delhi-NCR air quality has issued a revised plan to tackle winter pollution, asking states to implement stricter measures when the air quality deteriorates and making it mandatory for schools to shift to hybrid learning on days with severe air pollution.
Poor air quality, driven by unfavourable weather conditions, usually persists for long periods during winter, from November to January.
During this time, Delhi frequently enforces restrictions under the Graded Response Action Plan (GRAP), which categorises air quality into four stages: Stage I (Poor) with AQI between 201 and 300, Stage II (Very Poor) between 301 and 400, Stage III (Severe) between 401 and 450, and Stage IV (Severe Plus) for AQI above 450.
According to the revised plan, inter-state buses from NCR states, except those EVs and those running CNG or BS-VI diesel, will not be allowed to enter Delhi under Stage II. This provision earlier came into effect under Stage III.
Resident welfare associations 

air pollution, AQI

Ahmedabad (Gujarat) [India], December 14: Latteys Industries Limited, a leading NSE-listed manufacturer of energy-efficient solar submersible pumps, has reported a remarkable year in 2024. The company has received several significant orders, reinforcing its presence across India and bolstering its reputation as a committed player in India's green energy initiatives.

Latteys Industries Limited Achieves Significant Milestones in 2024, Strengthening Its Leadership in Solar Submersible Pumps

Kolkata (West Bengal) [India], December 14: Storied atelier Zoya from the House of Tata announced its entry into East India today, opening its first store in Kolkata, in an enchanting heritage bungalow on Shakespeare Sarani Road. Ajoy Chawla, CEO of Titan's Jewellery Division, and the celebrated designer and author Twinkle Khanna together unveiled Zoya's exquisite flagship boutique in the city where culture meets tradition. Over the last 15 years, Zoya has redefined the fine jewelry category with meaningful, wearable art and an ambience of warm luxury experience. The opening of this new boutique marks a significant moment in Zoya's expansion, blending the brand's celebrated legacy of craftsmanship and timeless to create a haven of beauty and sophistication.

A Gallery of Wearable Art: Zoya Jewellery Brand Opens in East India Now at Shakespeare Sarani, Kolkata

NMIIA operates an industrial area located in Mumbai, India's financial hub and the capital of the western state of Maharashtra.

Reliance

World's Richest Families 2024: The Walmart Waltons top the list with $406.5 billion; India's Ambanis and Mistrys of Shapoorji Pallonji rank 8th and 23rd. Here is the top five list

Sam Walton

The 26-year-old Indian American had accused OpenAI of using copyrighted content to train its AI models. Details

Suchir Balaji

Shares of Mahalaxmi Rubtech have continued their upward movement, hitting a new high of Rs 311.10, surging 10 per cent on the BSE in Friday's intra-day trade amid heavy volumes

stocks, markets, investors, growth, funds, investments, brokers

After spending the night in a local prison after being arrested in connection with the death of a woman in a stampede during the
premiere of his latest film, , actor Allu Arjun walked out of jail on Saturday following an interim bail granted by the Telangana High Court.
Arjun had to spend Friday night in prison despite the HC relief, as the authorities had not received a copy of the bail order until late last night.
"He has been released," Ashok Reddy, his counsel, told reporters at the Chanchalguda prison.
Reddy claimed the prison authorities did not release the actor despite having got the High Court order copy.
"You should question the government and the department why they have not released the accused. The High Court order is very specific. Forthwith, the moment you (prison authorities) receive the order, ( they should) release him. Despite the clear order, they have not released, they have to answer. This is an illegal detention. We will take legal steps, Reddy said.
Accord

Allu Arjun

Letting the yuan depreciate could make Chinese exports cheaper, thus blunting the impact of tariffs, and creating looser monetary settings in mainland China

Yuan

Chief Economic Advisor V Anantha Nageswaran on Wednesday said there is a need to differentiate between regulation of financial and non-financial sectors as competition in financial sector can lead to excessive risk taking and bring instability.
"We do need to make a distinction between regulation with respect to financial sector and regulation with respect to non-financial sector of the economy," Nageswaran said at the CII Global Economic Policy Forum 2024.
He said in non-financial sector, except in case of natural utilities where one needs a regulator to protect customer interest, competition or market forces will take care of what the regulators do.
In financial sector, regulators have the tendency to lean towards excessive regulations, as if things go wrong in this sector the state is expected to bail out and the effects are systemic.
" In financial sector, competition sometimes leads to excessive risk taking and competition can be a source of instability rather than stability, 

Anantha Nageswaran

Chinese crude imports grew annually for the first time in seven months in November, up more than 14 per cent from a year earlier

A sharp fall in global crude benchmarks will reduce costs of fuel, both oil and gas, to Indian consumers if State-run oil companies choose to pass them on

A new malaria vaccine appears to be "safe and highly immunogenic", with "promising efficacy", according to interim results of the phase 2b clinical trial conducted in African children.
The vaccine candidate, named 'RH5.1/Matrix-M', is a blood-stage type, targeting the malaria-causing parasite when it is present in the blood -- the stage of the parasite's life cycle when symptoms begin to show in the affected person. The trial results were published in "The Lancet Infectious Diseases" journal.
Malaria is caused by Plasmodium parasites, spread to humans through the bite of an infected female Anopheles mosquito. Symptoms usually appear in the 10-15 days following the bite, with mild symptoms being fever, chills and headache, while the severe ones can include fatigue, confusion, seizures, and difficulty in breathing.
Researchers, including those at Institut de Recherche en Sciences de la Sant, Burkina Faso, and the University of Oxford, UK, enrolled 361 children in the African country,

Vaccine

Trai's new message traceability norms go live from Dec 11 and aim to protect users by ensuring OTPs and essential messages are delivered seamlessly, while tackling spam and fraudulent communication

spam scam phone

Highlighting the historical presence of Hindus in Bangladesh, stating, "We are vanished from Afghanistan. We are vanished from Pakistan. This is the high time. If we are not saved now, we will be

Protest, Delhi Protest, Bangladesh Protest, Hindu Protest

Despite the growth slowdown, a rate cut-cycle is unlikely to start anytime soon

Policy

Sitharaman said that intergenerational debt is mounting on countries, and it is important for the government and industry to work together to manage debt at the national and sub-national levels

Nirmala Sitharaman, Nirmala

The new system will introduce dedicated PF withdrawal cards, functioning like regular bank ATM cards

ATM, Money, Transaction

The suicide of a Bengaluru techie brings intense scrutiny on India's family courts, raising questions about their ability to protect vulnerable individuals in disputes

Rashesh Shah

Rashesh Shah

Rashesh Shah

Steps in Budget should help lift India Inc's optimism: Edelweiss Group CEO

Budget 2019 is impressive in clarity on both the destination and direction

Interim Budget 2019: Balancing of long- and short-term priorities

The fair value of rupee

Building on the signs of economic recovery

GST: A win-win for states and Centre

Rashesh Shah: Who needs Modi more?

A comeback year for equities: Rashesh Shah

`Think fuzzily, and have an eclectic approach`

B-schools are a starting point

A tough task

Latest News

In this Section

All

South Korean President Yoon Suk Yeol impeached after failed martial law bid

BOTT Knowledge Conclave: Tourism@2025 - Charting the Future of Tourism

Centre revises air pollution control plan for Delhi-NCR, tightens curbs

Latteys Industries Limited Achieves Significant Milestones in 2024, Strengthening Its Leadership in Solar Submersible Pumps

A Gallery of Wearable Art: Zoya Jewellery Brand Opens in East India Now at Shakespeare Sarani, Kolkata

Most Popular

Read

Shared

Commented

Reliance Industries buys 74% stake in Navi Mumbai IIA for $192 mn

World's Richest Families 2024: Waltons top with $432.4 bn, Ambanis at no. 8

OpenAI whistleblower Suchir Balaji found dead; police rule out foul play

This microcap textile stock has zoomed 100% in 5 days; climbed 10% today

'Am a law-abiding citizen, will cooperate': Allu Arjun walks out from jail