Category: Breaking Corporate India Earnings News

Investigative Blogger Cobrapost.com has put up video clippings alleging that the branches of three private banks — HDFC Bank, ICICI Bank, and Axis Bank—were willing to help its reporter launder money, offer lockers to stack cash, and invest these funds in insurance products.

The Board of Managements of these banks are currently investigating the matter and have issued a statement that they are concerned about the allegations and that they have well-defined Know Your Customer (KYC) and Anti- Money Laundering policies in place. (more…)

The BSE Sensex has brokwn the 20,000 mark in Late 2007 / Early 2008 and also in Nov 2010. It flirted with the 20K mark in 2013 but has failed to sustain above it.

Credit Suisse discusses Five Favorable and Important Factors that can lead the Sensex to sustain above the 20,000 mark (more…)

The Finance Minister thinks he has done enough for the RBI to go ahead with the Rate Cuts. However, we think not as Inflation Data reflects that Government is still under crisis and is just managing the Press / Media phenomenally well.

RBI Gov Subbarao will likely not want to take to take chances with the RBI’s inflation fighting image by cutting rates as inflation will persist at a high 7.5-8% till December. CRR cuts, (more…)

In the last decade of being the Chief Minister of Gujarat, Mr. Narendra Modi accelerated the already progressive state of Gujarat to put it on the growth curve which no other state – Delhi or Mahrashtra with massive support from Central Government can match.

Industries in Gujarat
Gujarat has bucked overall trend of depending on Agriculture and industry still accounting for 40% of GSDP vis-a-vis 27% for India. Gujarat also scores well when compared to other industrialized states like Maharashtra and Tamil Nadu, which have been witnessing fall in share (more…)

The Union Cabinet has cleared a slew of important bills such as hiking FDI in insurance and pension sectors which have been pending for a while. Importantly, these bills need to be approved by Parliament before becoming a reality.

Continuing with the reform process, the Union Cabinet today cleared several important bills as follows, (more…)