“Nitish contested the Bihar election on the plank of governance and development. In his first 10 years, development happened at a very elementary level — building roads, hospitals, etc. He can’t continue to do just that… If he conitnues on the path of development, he will have the support of the Centre,” says finance minister Arun Jaitley
Posts tagged MC
Hoping Nitish’s GST support continues post Bihar win: FM (09-11-2015)
Sensex, Nifty under pressure; Midcap, Smallcap outperform (09-11-2015)
The broader markets outperformed benchmarks, recovered to trade flat.
Hope mobile trading will see larger impact: NSE (09-11-2015)
As Nifty completes 20 years, a rebranding is in the offing. In addition, the merger of Forward Markets Commission (FMC) with Securities and Exchange Board of India (SEBI) is also an event that has a great policy relevance, says Chitra Ramkrishna, MD CEO, NSE.
See consumption space recovery; like Tata Motors: Edelweiss (09-11-2015)
Going ahead, Nischal Maheshwari of Edelweiss Securities believes the consumption space — especially autos — will recover first as the economy proceeds towards the recovery phase
Tata Power may turn profitable in Q2, revenue likely to dip (09-11-2015)
Revenue may fall 3 percent to Rs 8,650 crore from Rs 8,394 crore year-on-year. Operating profit is seen rising 7.5 percent on yearly basis to Rs 1,819 crore and margin may expand 84 basis points to 21 percent in quarter gone by.
Andhra Bank seeks to sell $209 mn worth bad loans to ARCs (09-11-2015)
Andhra Bank on Saturday reported a 74 percent increase in its second-quarter net profit to 2.51 billion rupees from a year earlier. Its gross bad loan ratio eased to 5.71 percent from 5.75 percent in the first quarter.
Gold near three-month low after robust US jobs report (09-11-2015)
Employers outside the farming sector added 271,000 jobs in October, the most in 10 months, and the jobless rate fell to a 7-1/2-year low of 5 percent, data on Friday showed. Economists had forecast nonfarm payrolls increasing 180,000 and the unemployment rate remaining at 5.1 percent.
BJP to meet today after blame game begins over poll debacle (09-11-2015)
Already some Bihar leaders, including BJP MP from Madhubani Hukumdev Narayan Yadav have said that RSS chief Mohan Bhagwat’s quota comments cost the party. He also cautioned the party leaders from making objectionable comment, which went against the party’s poll strategy in the state.
Corporate India extends hand of support to new Bihar govt (09-11-2015)
The industry chambers said the focus will be on agri and food processing, infrastructure, manufacturing and MSMEs, ICT and e-governance, tourism, healthcare, education and skill development, and power and energy.
Buckle up! Market should fear weak earnings not Bihar polls (09-11-2015)
Thomas Rookmaaker, Director in Fitch Ratings’ Asia-Pacific Sovereigns says the election results are not likely to impact decisions by foreign investors in other states. Hence he does not expect major implications on the economic front.