Central board reviewed global and local challenges, reviewed matter related to liquidity and credit.
RBI board meet to look at relaxing prompt corrective action framework, board to discuss NBFC liquidity crisis.
It is a growing list of businessmen who escaped from India to avoid prosecution. There are ten names initially, which is now at 30. Topping this list is Vijay Mallya.
Shantanu Guha Ray, Guarang Shah and HP Ranina, talk on SC putting Fortis Health’s sale on hold.
Manufacturing inflation at 4.21% vs 4.49% MoM. Primary articles inflation at 0.88% vs 1.79% MoM. Food inflation at -1.96% vs 0.64% MoM. Fuel price inflation at 16.2% vs 18.4% MoM.
FMCG companies saw a dip in margins in Q2; but seeing correction in prices now, also expect to see some pressure on Dabur's gross margins in Q3 said Kaustubh Pawaskar, FMCG Analyst, Sharekhan.
Supreme Court orders status quo on sale of Fortis to IHH which is a major setback for Fortis.
RBI board is meeting in Mumbai today after Shaktikanta Das took charge this week. Relaxation on PCA norms is likely to be discussed.
Govt will have to trust the business and the ways of market and need to work on increasing the purchasing power of the average population of India, especially in the rural sector says Rashesh Shah, Chairman, President FICCI.