On April 4, Professor Anil V. Vaidya, Head, Information Management, Bharatiya Vidya Bhavan’s SP Jain Institute of Management Research, Mumbai, delivered an entire machine learning session online. “Students were sent reading material, including short videos, and during the online class, we could actually get down to modelling the entire data set already
India’s forex reserves have crossed the half-a-trillion-dollar mark for the first time with the Reserve Bank of India (RBI) having bought more than $30 billion between mid-March and the first week of June. The country’s forex reserves stood at a record high of $501.70 billion as on June 5, an increase of $8.22 billion over the week before.
Experts observe that had the central bank not accumulated dollars, the rupee would have strengthened significantly. Ananth Narayan, professor-finance at SPJIMR, said that India’s current account will likely be in surplus this quarter, as a collapse in consumption through the lockdown has hit imports more than exports.
However, is the capping of tenure a good idea? For every Yes Bank, there could be an HDFC Bank or a Kotak Mahindra Bank where the long tenure of CEOs has helped the banks thrive. So, how should this proposal be taken forward? Should it become the norm at all or should it be tweaked in some fashion?
Moody’s Investors Service (“Moody’s”) today downgraded India’s foreign-currency and local-currency long-term issuer ratings to Baa3 from Baa2. It also downgraded India’s local-currency senior unsecured rating to Baa3 from Baa2 and its short-term local-currency rating to P-3 from P-2. The outlook remains negative, Moody’s said in its release.
Ananth Narayan, professor-finance at SPJIMR, said developed market safe havens have appealed more, with their central banks and governments strongly supporting all asset classes.
FPIs have sold over $14 billion worth of Indian bonds on a net basis since the beginning of 2020. Even as risk aversion continues among foreign portfolio investors (FPIs) and uncertainty persists around the growth and fiscal slippage numbers of Indian economy, foreign investors continue to dump Indian bonds having sold over $2.6 billion worth of debt in May itself. FPIs have sold over $14 billion worth of Indian bonds on a net basis since the beginning of 2020.
A firm recently decided to recruit a woman as the HR head. However, despite running the best possible search, it failed to find the right candidate. Organisations accept that there’s only a limited pool of women ready to take on leadership roles. And that the only way to get more women leaders is by developing talent internally. Long tenured learning and development interventions are being launched by organisations to help women break the glass ceiling.
The bond market shrugged off the surprise 40 basis points repo rate cut by the Reserve Bank of India (RBI) on Friday with the benchmark yield closing just 3 basis points down at 5.75%. Dealers say that lack of any much-anticipated measures by RBI to absorb excess supply of bonds via OMOs and exercise of green-shoe option by the government to raise more funds during the auction led to some amount of disappointment.
Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the economy would likely contract in the first half of 2020-21 and moved to cut the repo and reverse repo rates by 40 basis points each to 4% and 3.35% respectively.
The Reserve Bank of India (RBI) reduced its US treasury holdings by $21 billion in March, even as it is silently buying a huge amount of bonds from the secondary market.
Manufacturing Today, organized a webinar on the topic of Supply Chain Management: A New Age Awaits! The webinar touched upon the latest disruptions in the supply chain management and how the industry is dealing with it.
Like most employees in corporate India, Deepak Pandit was eagerly awaiting his appraisal in March. Pandit, 31, who works with an MNC in the infrastructure sector, had been told he’d get a promotion and an increment.
Bonds sold off on Monday with the benchmark yield spiking a sharp 20 basis points to 6.17% after the government on Friday said it would tap the markets for an additional Rs 4.2 lakh crore this fiscal.
Top bankers are trying to figure out if they can have a bad bank to which they can hive off assets that have already provided for and create an asset reconstruction company that buys those assets and an asset management company which can sell those assets.
The Centre on Friday jacked up its borrowing target for the fiscal by Rs 4.2 lakh crore to Rs 12 lakh crore, setting the stage for a large fiscal slippage, with revenue calculations going awry because of the lockdown.
India’s central bank may abandon years of austerity to vacuum up government debt directly after Prime Minister Narendra Modi’s administration raised its borrowing target to $159 billion, according to market participants.
The government’s decision to increase its planned borrowings for 2020-21 by a steep 54 percent to Rs 12 lakh crore shows that the headline fiscal deficit for the year could be at least 2 percentage points wider than budgeted, according to economists.
Over the last few weeks, Indian badminton star PV Sindhu has been shooting short videos and re-sharing content for
With the Centre lacking resources to provide a large fiscal stimulus to the virus-battered economy, experts recommended pledging of shares of state-run companies with