Daljeet S Kohli

Daljeet Kohli, head of research at IndiaNivesh Securities, says there is a lot of hype about the impact of Goods and Services Tax (GST) on corporate profitability. However, the benefits from GST implementation will come over a longer term and in the short term, taxes may go up as lot of exemptions will be phased out, he said.

Daljeet Kohli of IndiaNivesh Securities says recent gains in state-run banks are not justified because the government's 7-point reform plan to shake up the banking sector lacks a concrete strategy to tackle the worrisome bad loans situation. However, management changes at the top can have a positive impact on a lender's growth trajectory, he added.

Wind turbine maker Suzlon Energy Ltd said it had agreed to sell its German unit Senvion SE to buyout firm Centerbridge Partners for 1 billion euros ($1.16 billion or over Rs 7,100 crore), in an all-cash deal that will help the group reduce its debts.

A day after Prime Minister Manmohan Singh rejected all talk of a "Modi wave" sweeping across the country, dismissing it as "a creation of media", his half-brother Daljit Singh Kohli today joined the BJP in the presence of its prime ministerial candidate.

Ranbaxy Laboratories Ltd, India's top drugmaker by sales, said its base business would grow a modest 10 per cent in 2013 after reporting a surprise quarterly loss on product recall charges, sending its shares down more than 4 per cent.

Daljeet Kohli, head of research at IndiaNivesh Securities, says there is a lot of hype about the impact of Goods and Services Tax (GST) on corporate profitability. However, the benefits from GST implementation will come over a longer term and in the short term, taxes may go up as lot of exemptions will be phased out, he said.

Daljeet Kohli of IndiaNivesh Securities says recent gains in state-run banks are not justified because the government's 7-point reform plan to shake up the banking sector lacks a concrete strategy to tackle the worrisome bad loans situation. However, management changes at the top can have a positive impact on a lender's growth trajectory, he added.

Wind turbine maker Suzlon Energy Ltd said it had agreed to sell its German unit Senvion SE to buyout firm Centerbridge Partners for 1 billion euros ($1.16 billion or over Rs 7,100 crore), in an all-cash deal that will help the group reduce its debts.

A day after Prime Minister Manmohan Singh rejected all talk of a "Modi wave" sweeping across the country, dismissing it as "a creation of media", his half-brother Daljit Singh Kohli today joined the BJP in the presence of its prime ministerial candidate.

Ranbaxy Laboratories Ltd, India's top drugmaker by sales, said its base business would grow a modest 10 per cent in 2013 after reporting a surprise quarterly loss on product recall charges, sending its shares down more than 4 per cent.