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

HDFC Bank looks at refinancing to build corporate loan book

At a time when many large banks are putting brakes to growing corporate lending, due to capital constraint and exposure limits, HDFC Bank is aiming to expand its wholesale loan book through refinancing. Term loans constitute about 30 per cent of its corporate banking book, which grew by over 20 per cent to Rs 125,000… Continue reading HDFC Bank looks at refinancing to build corporate loan book

Axis Bank cuts savings bank deposits rate to 3.5% on deposits below Rs 50 lakh

Private sector lender Axis Bank has reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to Rs 50 lakh. However, the bank will continue to pay four per cent interest on deposits of above Rs 50 lakh. The new interest rates will be effective from August… Continue reading Axis Bank cuts savings bank deposits rate to 3.5% on deposits below Rs 50 lakh

Snapdeal 2.0 has little hope: 5 reasons why the deal with Flipkart snapped

Something did not go right on the weekend of July 29/30. There was an important meeting scheduled between Snapdeal and Flipkart for Monday, July 31, which was canceled. This sounded the death knell of the merger deal between the two e-commerce giants. Earlier on July 26, the board of Jasper, the holding company of Snapdeal,… Continue reading Snapdeal 2.0 has little hope: 5 reasons why the deal with Flipkart snapped

Arvind Panagariya holds meeting to take stock of bitcoin risk

Outgoing NITI Aayog Vice Chairman Arvind Panagariya on Monday held an inter-ministerial meeting to examine risks related to virtual currencies like bitcoins. The meeting was attended by Home Secretary Rajiv Mehrishi and representatives from the Finance Ministry. The government has been debating over the issues concerning bitcoins and in May had sought public opinion on… Continue reading Arvind Panagariya holds meeting to take stock of bitcoin risk