Budget: What Investors Hope Nirmala Sitharaman Will Do On Income Tax
Business | Nupur Acharya, Moxy Ying and Ronojoy Mazumdar, Bloomberg | Wednesday January 22, 2020
With the economy facing its worst growth, investment and jobs crisis in more than a decade, Finance Minister Nirmala Sitharaman needs to offer support for individuals and businesses.
Adani Ports To Buy Krishnapatnam Deepwater Port For $1.9 Billion
Business | Ronojoy Mazumdar, Bloomberg | Friday January 3, 2020
Adani Ports will purchase 75% of Krishnapatnam Port Co. in Andhra Pradesh, it said in an exchange filing on Friday. Adani Ports, controlled by billionaire Gautam Adani, will buy the stake from the existing shareholders of Krishnapatnam Port with cash and internal resources, according to the statement.
Mukesh Ambani's Retail Unit Bigger Than UK Giant Tesco After Share Swap
Business | Bhuma Shrivastava and Ronojoy Mazumdar, Bloomberg | Friday December 27, 2019
Billionaire Mukesh Ambani has promised to slash the group's net debt to zero by March 2021 after an investment spree of $76 billion in the past five years, bulk of it on its massively disruptive telecom carrier.
Why Asset Managers In India Are Beating Most Of Their Global Rivals
Business | Ronojoy Mazumdar, Bloomberg | Wednesday December 18, 2019
Retail investors piled into mutual funds after the government ban on high-value currency bills in 2016 hurt returns from gold and property.
As Giants Reliance, ICICI, HDFC Bank Lead Rally, Investors Weigh Options
Business | Ronojoy Mazumdar, Bloomberg | Monday December 9, 2019
The S&P BSE Sensex has risen about 12 per cent from a low in September, with three members -- Reliance Industries Ltd., ICICI Bank Ltd. and HDFC Bank Ltd. -- accounting for 61 per cent of all the gains.
This Is India's Priciest Stock, And Investors Are Pouring Cash Into It
Business | Ronojoy Mazumdar, Bloomberg | Monday November 11, 2019
Consumer businesses are suffering in India as economic expansion has slowed to a six-year low, exacerbated by a credit crunch amid a shadow banking crisis.
Poor Consumer Demand May Dampen Festival Season In India: Analysts
Business | Ronojoy Mazumdar, Bloomberg | Monday September 30, 2019
Market researcher Nielsen has lowered its 2019 growth estimate for fast-moving goods to 9-10 per cent from 11-12 per cent.
Countdown For Subhash Chandra, Anil Ambani Firms As Debts Threaten Stocks
Business | Ronojoy Mazumdar, Bloomberg | Tuesday September 24, 2019
Essel Group's Subhash Chandra is seeking to sell assets ranging from a stake in the nation's most valuable publicly traded TV network to roads.
India May Have Entered 'Quasi-Recession' As Growth Slumps: Economists
Business | Ronojoy Mazumdar, Bloomberg | Wednesday September 4, 2019
While the standard macroeconomic definition of a recession is two consecutive quarters of shrinking GDP, a significant decline in economic activity spread across months is another often-used description.
India Is Only Major Asian Nation That's Growing Its Export Share
Business | Ronojoy Mazumdar, Bloomberg | Thursday August 1, 2019
India's share of world exports rose to 1.71 per cent in the first quarter of 2019 from 1.58 per cent in the fourth quarter of 2017, data compiled by Bloomberg show.
How India Was Ranked Fastest-Growing - When It Wasn't: Arvind Subramanian
India News | Ronojoy Mazumdar, Bloomberg | Tuesday June 11, 2019
India's statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade.
From 13,000-Word Policy Statements, RBI Has Become A Lot Clearer: Report
Business | Ronojoy Mazumdar, Bloomberg | Tuesday June 4, 2019
Long and complicated communication on the economy make it difficult for investors to understand the regulator's position.
Rs 100 Lakh Crore Spending Push In India Tops Agenda Of Modi 2.0
Business | Vrishti Beniwal and Ronojoy Mazumdar, Bloomberg | Friday May 24, 2019
With revenues under strain, the government is borrowing more and seeking to extract additional capital from the central bank. Any further widening in the fiscal deficit would jeopardize the nation's credit rating.
Mumbai, City of Billionaires, Sees Actors Push For Change In Election
India News | Bibhudatta Pradhan, Ronojoy Mazumdar, Bloomberg | Monday April 29, 2019
India's financial capital goes to the polls on Monday with billionaires, celebrities and slum dwellers among those lining up to elect lawmakers they hope will fix Mumbai's crumbling and stretched infrastructure.
Yes Bank Falls As RBI Censures Selective Disclosure
Business | Anto Antony and Ronojoy Mazumdar, Bloomberg | Monday February 18, 2019
Yes Bank's announcement last week that RBI's audit didn't find any divergence in soured debt came as a relief for investors after the lender revised bad-loan figures for the fiscal year 2017 marking them four times higher than those previously reported.
Budget: What Investors Hope Nirmala Sitharaman Will Do On Income Tax
Business | Nupur Acharya, Moxy Ying and Ronojoy Mazumdar, Bloomberg | Wednesday January 22, 2020
With the economy facing its worst growth, investment and jobs crisis in more than a decade, Finance Minister Nirmala Sitharaman needs to offer support for individuals and businesses.
Adani Ports To Buy Krishnapatnam Deepwater Port For $1.9 Billion
Business | Ronojoy Mazumdar, Bloomberg | Friday January 3, 2020
Adani Ports will purchase 75% of Krishnapatnam Port Co. in Andhra Pradesh, it said in an exchange filing on Friday. Adani Ports, controlled by billionaire Gautam Adani, will buy the stake from the existing shareholders of Krishnapatnam Port with cash and internal resources, according to the statement.
Mukesh Ambani's Retail Unit Bigger Than UK Giant Tesco After Share Swap
Business | Bhuma Shrivastava and Ronojoy Mazumdar, Bloomberg | Friday December 27, 2019
Billionaire Mukesh Ambani has promised to slash the group's net debt to zero by March 2021 after an investment spree of $76 billion in the past five years, bulk of it on its massively disruptive telecom carrier.
Why Asset Managers In India Are Beating Most Of Their Global Rivals
Business | Ronojoy Mazumdar, Bloomberg | Wednesday December 18, 2019
Retail investors piled into mutual funds after the government ban on high-value currency bills in 2016 hurt returns from gold and property.
As Giants Reliance, ICICI, HDFC Bank Lead Rally, Investors Weigh Options
Business | Ronojoy Mazumdar, Bloomberg | Monday December 9, 2019
The S&P BSE Sensex has risen about 12 per cent from a low in September, with three members -- Reliance Industries Ltd., ICICI Bank Ltd. and HDFC Bank Ltd. -- accounting for 61 per cent of all the gains.
This Is India's Priciest Stock, And Investors Are Pouring Cash Into It
Business | Ronojoy Mazumdar, Bloomberg | Monday November 11, 2019
Consumer businesses are suffering in India as economic expansion has slowed to a six-year low, exacerbated by a credit crunch amid a shadow banking crisis.
Poor Consumer Demand May Dampen Festival Season In India: Analysts
Business | Ronojoy Mazumdar, Bloomberg | Monday September 30, 2019
Market researcher Nielsen has lowered its 2019 growth estimate for fast-moving goods to 9-10 per cent from 11-12 per cent.
Countdown For Subhash Chandra, Anil Ambani Firms As Debts Threaten Stocks
Business | Ronojoy Mazumdar, Bloomberg | Tuesday September 24, 2019
Essel Group's Subhash Chandra is seeking to sell assets ranging from a stake in the nation's most valuable publicly traded TV network to roads.
India May Have Entered 'Quasi-Recession' As Growth Slumps: Economists
Business | Ronojoy Mazumdar, Bloomberg | Wednesday September 4, 2019
While the standard macroeconomic definition of a recession is two consecutive quarters of shrinking GDP, a significant decline in economic activity spread across months is another often-used description.
India Is Only Major Asian Nation That's Growing Its Export Share
Business | Ronojoy Mazumdar, Bloomberg | Thursday August 1, 2019
India's share of world exports rose to 1.71 per cent in the first quarter of 2019 from 1.58 per cent in the fourth quarter of 2017, data compiled by Bloomberg show.
How India Was Ranked Fastest-Growing - When It Wasn't: Arvind Subramanian
India News | Ronojoy Mazumdar, Bloomberg | Tuesday June 11, 2019
India's statistics may have been painting a far rosier picture of economic growth than the more modest reality of the past decade.
From 13,000-Word Policy Statements, RBI Has Become A Lot Clearer: Report
Business | Ronojoy Mazumdar, Bloomberg | Tuesday June 4, 2019
Long and complicated communication on the economy make it difficult for investors to understand the regulator's position.
Rs 100 Lakh Crore Spending Push In India Tops Agenda Of Modi 2.0
Business | Vrishti Beniwal and Ronojoy Mazumdar, Bloomberg | Friday May 24, 2019
With revenues under strain, the government is borrowing more and seeking to extract additional capital from the central bank. Any further widening in the fiscal deficit would jeopardize the nation's credit rating.
Mumbai, City of Billionaires, Sees Actors Push For Change In Election
India News | Bibhudatta Pradhan, Ronojoy Mazumdar, Bloomberg | Monday April 29, 2019
India's financial capital goes to the polls on Monday with billionaires, celebrities and slum dwellers among those lining up to elect lawmakers they hope will fix Mumbai's crumbling and stretched infrastructure.
Yes Bank Falls As RBI Censures Selective Disclosure
Business | Anto Antony and Ronojoy Mazumdar, Bloomberg | Monday February 18, 2019
Yes Bank's announcement last week that RBI's audit didn't find any divergence in soured debt came as a relief for investors after the lender revised bad-loan figures for the fiscal year 2017 marking them four times higher than those previously reported.
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