RBI caps banks exposure to Reits, InvIts at 10% of unit capital

The Reserve Bank on Monday amended the statutes making it possible for lenders to invest in Reits and InvIts capping such exposures to 10 per cent of the unit capital of such instruments, and also to regulate their commodity derivatives play. In amendments to the Master Direction- Reserve Bank of India (Financial Services provided by… Continue reading RBI caps banks exposure to Reits, InvIts at 10% of unit capital

Rs 200 notes: Wait for 3 more months as ATM recalibration is not yet done

While the RBI launched the 200-rupee note a week ago, it may take up to three months for ATMs to start dispensing the new denomination currency as it will involve a huge exercise of recalibration. Some banks have even asked the ATM companies to begin testing the new note for recalibration of the machines, though… Continue reading Rs 200 notes: Wait for 3 more months as ATM recalibration is not yet done

Infosys saga explained: Vishal Sikka’s exit and erosion of shareholder value

The price of Infosys Technologies‘ stock last week plummeted 10 per cent to Rs 923, thanks to the unsurprising exit of Vishal Sikka as the chief executive and managing director of the company. Worse, since his exit has been shrouded in controversies, the confidence that Sikka had built up in the stock since his appointment… Continue reading Infosys saga explained: Vishal Sikka’s exit and erosion of shareholder value

Board vs founder war: Is Infosys stock a good contrarian pick?

Infosys stock fell 9.6% last Friday consequent to the announcement of resignation of its CEO, Vishal Sikka. Subsequently on Saturday, as proposed earlier, the company announced buyback of 11.3 crore number of shares from investors at a price of Rs 1,150 per share for total value up to Rs 13,000 crore through a tender offer… Continue reading Board vs founder war: Is Infosys stock a good contrarian pick?

From teacher to leader: Rise and rise of Ramdev and his ‘swadeshi’ Patanjali empire

In this age of digital disruption, one would have least expected a yoga guru with no formal education to shake the roots of established FMGC majors using a brick & mortar model, forcing them to rethink on their strategies. It’s intriguing as to how Patanjali managed to achieve so much in such a short time,… Continue reading From teacher to leader: Rise and rise of Ramdev and his ‘swadeshi’ Patanjali empire

Note ban attacked black money, raised tax base: PM in I-Day speech

Prime Minister Narendra Modi, from the ramparts of the Red Fort, rolled out statistics to defend demonetisation, while skipping mention of a lower dividend by the Reserve Bank of India (RBI) as a pitfall of this move. In his Independence Day speech, Modi implicitly took on critics for blaming his government for not generating jobs,… Continue reading Note ban attacked black money, raised tax base: PM in I-Day speech

RBI allays concerns on note quality

The Reserve Bank of India (RBI) on Friday said that it maintained the quality of bank notes “well within the various tolerance parameters for dimension, placement of design, print features, etc,” and that its currency printing presses were state-of-the-art and well-documented. The RBI’s clarification came after the opposition Congress alleged that the RBI was printing… Continue reading RBI allays concerns on note quality