Economic Times Expert Views
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Saudi Aramco has to jump several hurdles for overseas listing: Vandana Hari
One of the big challenges for the Saudi government is how to raise additional money from Aramco sales to international investors. The manner in which the Saudi Aramco IPO was sold and pushed through to Saudi citizens and companies and institutional investors, have raised doubts whether the valuation we are[…]
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Pankaj Murarka on when to start nibbling into midcaps and smallcaps
SBI is a proxy play on India’s macroeconomy because they represent 23% of nation's banking.
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One trend to bet on next decade is financialisation of India: Mehul Jani, IIFL AMC
India-1, the most affluent consumers, account for 60-70% of all consumer lending and the consumer discretionary demand.
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Saudi Aramco to be a good lead for a play on oil prices:David Lennox, Fat Prophets
Being the single largest oil producer, we believe that if you want to play on the oil price and want to have exposure through a company, Saudi Aramco will provide a good lead because it is going to be a very low cost producer. That in turn gives the company[…]
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Growth, rather than asset quality biggest challenge for SBI: Siddharth Purohit, SMC Global Securities
In the next two quarters, the provisioning will be higher for SBI.
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There is no question of SBI helping out YES Bank: CFO
Any talk about SBI helping out YES Bank is just speculation. There is no truth in any of these talks. Any reluctance on the part of the bankers to lend has more to do with demand. Bankers are becoming more risk conscious, not risk averse. The way things are happening,[…]
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Hope trade keeping market near record high: Jinesh Gopani, Axis Mutual Fund
I do not think things are as bad as one thinks, but things are not that great either.
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Time to stop chasing the highest yielding bond fund: Dhirendra Kumar
First-time investor coming into the market they are extremely reluctant to take on losses. So, the moment they are able to break-even, they get out. That is a psychological thing. It looks like an extraordinary thing to have happened but it is normal behaviour.After a prolonged struggle, once the investors[…]
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Braich’s $1.2-bn bid not off the table, discussions still on: Ravneet Gill, YES Bank
Our fund-raise plan is very much on track. We have a plan B. We have a plan C.
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I do not see any green shoots, continue to avoid midcaps: Nischal Maheshwari, Centrum Broking
Whatever maybe the outcome of YES Bank fundraise, it will create a flutter in the market.
ET Stocks
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Discoms suffering severe financial stress: Ind-Ra
Discoms suffering severe financial stress: Ind-Ra
Only four discoms – Dakshin Gujarat, Madhya Gujarat and Uttar Gujarat and Bengaluru Electricity Supply Company Ltd have outperformed their UDAY’s AT&C loss target in FY18.
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Investors look out for non-financial data in company reports: EY Survey
Investors look out for non-financial data in company reports: EY Survey
Several global CFO’s EY polled also articulated the need for a ‘change of culture’ in their finance teams especially regarding the team’s approach to matters concerning transparency and a greater willingness to question boards and management on the quality of[…]
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View: One key reason why Fed should cut interest rates today
View: One key reason why Fed should cut interest rates today
US economy started flashing recession signals in 2019, forcing the Fed to cut rates 3 times.
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After year of living dangerously, Fed likely to signal time to lay low
After year of living dangerously, Fed likely to signal time to lay low
The Fed is expected to leave its federal funds rate unchanged at a level between 1.5% and 1.75%.
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NHAI gets Cabinet approval to set up InvITs
NHAI gets Cabinet approval to set up InvITs
Under InvIT, highway projects will be bundled to form a special purpose vehicle (SPV) to be offered to investors. The SPV would then be traded on the stock exchanges, and returns will be linked to the InvIT’s performance in the[…]
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Govt eases lending rules for weak NBFCs
Govt eases lending rules for weak NBFCs
The government had earlier this year announced it would partially guarantee state banks' purchase of as much as 1 trillion rupees of performing assets of these non-bank financial companies.
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Global airlines cut 2019 profit forecast over trade tensions
Global airlines cut 2019 profit forecast over trade tensions
IATA cut full-year net profit forecast to $25.9 billion, a 5.1% decline from 2018.
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Coffee Day Enterprises seeking lenders nod for tech park sale deal
Coffee Day Enterprises seeking lenders nod for tech park sale deal
Terming the report suggesting roadblocks from some bankers as "bruits", Coffee Day Enterprises said that it along with its subsidiary Tanglin Developments is working on that.
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Firms can file papers for issues up to Rs 750 cr with Sebi's regional offices
Firms can file papers for issues up to Rs 750 cr with Sebi's regional offices
Till now, merchant bankers were allowed to file the papers for issues up to Rs 500 crore with regional offices.
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Cabinet clears amendments to insolvency law
Cabinet clears amendments to insolvency law
According to the release, the amendments would remove bottlenecks, streamline the corporate insolvency resolution process and that protection of last mile funding would boost investment in financially-distressed sectors.
ET Companies
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Financial officers in India feel healthy corporate culture is critical to building trust: Survey
Financial officers in India feel healthy corporate culture is critical to building trust: Survey
"Driving culture transformation in finance is imperative to presenting a forward-looking corporate reporting based on a wider balance between financial and non-financial information," Sandip Khetan, national leader and partner, financial accounting advisory services, EY India, said.
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Million-dollar CEO club swells with record 22 new entrants in FY19
Million-dollar CEO club swells with record 22 new entrants in FY19
According to the annual study of CEO/CXO compensation in BSE 200 companies by EMA Partners, commissioned by TOI, the overall pay of the million dollar CEO club increased 14% to Rs 2,457 crore from last year’s Rs 2,158 crore, with[…]
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Nirmala Sitharaman, Ravi Shankar Prasad to speak at Times Network’s India Economic Conclave
Nirmala Sitharaman, Ravi Shankar Prasad to speak at Times Network’s India Economic Conclave
Over the years, India Economic Conclave has been instrumental in addressing critical issues related to the country’s economy. As a platform, it has brought together the sharpest minds in business, governance and policymaking and has become the hallmark of economic[…]
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Tata veteran Srinath leads race to head Tata Trusts
Tata veteran Srinath leads race to head Tata Trusts
After R Venkataramanan exited the top position at Tata Trusts in March this year, the foundation had formed a three-member committee to select a successor. The committee, led by Ratan Tata, looked at many people over the past several months[…]
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M P Lodha India's richest real estate entrepreneur with wealth of Rs 32,000 cr: Report
M P Lodha India's richest real estate entrepreneur with wealth of Rs 32,000 cr: Report
Lodha Developers' MP Lodha has been named India's richest realty entrepreneur with a wealth of Rs 31,960 cr.
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Anuranjita Kumar announces exit from the Royal Bank Of Scotland
Anuranjita Kumar announces exit from the Royal Bank Of Scotland
Anuranjita Kumar joined the bank in September 2017 after a 22-year stint at Citi in September 2017. Here she spearheaded a variety of initiatives, especially in the D&I space including a medical cover for LGBT couples and creating an industry[…]
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Employers work overtime to send the message: Smoking kills
Employers work overtime to send the message: Smoking kills
A week back, Japanese marketing company Piala announced it would be giving its non-smoking employees an extra six days of paid time off per year to make up for smokers’ cigarette breaks. Their CEO hoped it will incentivise employees to[…]
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Creating an equitable space in the workplace
Creating an equitable space in the workplace
Tata Steel replaced the term ‘spouse’ with ‘partner’. Partners will now be eligible for medical benefits, insurance coverage, honeymoon package, child-care leave, newborn parent leave, transfer and relocation expenses, domestic travel coverage for new hires, among a host of other[…]
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DHFL insolvency process starts, investors' claims sought
DHFL insolvency process starts, investors' claims sought
The move comes ahead of the Supreme Court hears a group of investors who have moved it on the matter, and barely three days after the National Company Law Tribunal's Mumbai bench admitted the RBI's application for initiating insolvency proceedings[…]
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As Alphabet chief, Pichai joins global CEO A-list
As Alphabet chief, Pichai joins global CEO A-list
Founders Brin, Page step down; Pichai, who remains Google CEO, to run world’s third most valuable firm that currently faces regulatory scrutiny. Investors have rewarded Google stock, with the company’s market cap doubling to nearly $900 billion since Pichai took[…]
