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The Indian government has loaded the pharmaceutical industry with fiscal sops and other goodies over the years to prop up its growth. Particularly, the largesse given to it to strengthen its research and development (R&D) base to compete in the world market seems to have yielded nothing. It is...

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The Indian government has loaded the pharmaceutical industry with fiscal sops and other goodies over the years to prop up its growth. Particularly, the largesse given to it to strengthen its research and development (R&D) base to compete in the world market seems to have yielded nothing. It is...

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It is good to borrow. It is better to repay. Sorry, that is passé. Today, we should rephrase that adage as “It is best not to repay.” Everyone around the world seems to be working very hard at persuading lenders that it is divine to forgive the obligation to repay. If loans are forgiven, the...

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The Indian markets remained green on strong global cues. During the day Asian markets shot up on reports that Australia’s central bank more than tripled its economic-growth forecast while US unemployment claims and worker productivity beat estimates. The key benchmark indices in China, Hong...

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The lessons from a low-profile second-generation stockbroker who adds zeros after his clients’ wealth, not put them through a zero-sum game I am amazed when people get excited that a big institutional investor is buying some stock in a big way. I have seen it in bond markets too. The dealer...

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The company has received 80% to 90% orders from the private sector. Analysts believe markets gained from Chinese players as the main reason for BHEL’s order book overflowing While Bharat Heavy Electricals Ltd. (BHEL) current order book stands at Rs125,800 million, as per analysts 80% to 90% of...

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Its much smaller rivals Dabur and Emami continue to record strong growth quarter after quarter Despite endless restructuring of its business portfolios and continuous high-profile change of its top management, Hindustan Unilever is unable to generate any traction on its sales and profits. For...

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Anil Dhirubhai Ambani Group (ADAG) promoted Reliance Capital plans to enter into investment banking by the current fiscal end while Religare has announced an ambitious plan to start an emerging-markets investment bank. Do these plans make sense? Will they be able to compete against the...

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There has been a surge in foreign institutional investment over the past six months. The sensitive index of the Bombay Stock Exchange has gone up by more than 100% between early March and now, mainly because of investment by foreign institutional investors (FIIs). Collectively, they have put in...

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In the latest bout of the Ambani vs Ambani fight, Mukesh Ambani has blamed Anil Ambani of attempting to make a profit of Rs3,50,000 crore in 17 years. Anil Ambani does not have his own gas-based power projects, charges RIL. He cannot use this gas for himself and will trade in it to make huge...

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In the latest bout of the Ambani vs Ambani fight, Mukesh Ambani has blamed Anil Ambani of attempting to make a profit of Rs3,50,000 crore in 17 years. Anil Ambani does not have his own gas-based power projects, charges RIL. He cannot use this gas for himself and will trade in it to make huge...

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ML: Why has the market so quickly discounted the impact of the monsoon? VS: I think the monsoon is not a significant factor. When you look at data like monsoon is 20% less, how much does it affect the GDP growth? I am not an expert in this issue but it suggests to me that there is some kind of...

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UK-based pharmaceutical giant GlaxoSmithKline (GSK) is likely to buy 5% stake in Indian drug manufacturer Dr Reddy’s Laboratories Ltd for $150 million.   This is a marriage between Western makers of branded drugs and Indian generic producers. However, the acquisition will not give GSK any...

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UK-based pharmaceutical giant GlaxoSmithKline (GSK) is likely to buy 5% stake in Indian drug manufacturer Dr Reddy’s Laboratories Ltd for $150 million.   This is a marriage between Western makers of branded drugs and Indian generic producers. However, the acquisition will not give GSK any...

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While Bharat Petroleum Corp Ltd (BPCL) has come down heavily on Kingfisher Airlines on pending dues for jet fuel, repayments to various other entities for services has been an important issue with the airline over the past several months and it is running all its services on a “cash and carry”...

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While Bharat Petroleum Corp Ltd (BPCL) has come down heavily on Kingfisher Airlines on pending dues for jet fuel, repayments to various other entities for services has been an important issue with the airline over the past several months and it is running all its services on a “cash and carry”...

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Consumers across India are increasingly perturbed as they are unable to abundantly butter their toast, thanks to the unprecedented shortage of butter for the past two months fuelled by unrestrained exports to foreign countries Your toast is no longer delicious because butter is utterly...

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Gitanjali Gems has just announced that it has undertaken a major brand valuation exercise for the valuation of its top four brands, namely, Gili, Nakshatra, D’damas and Asmi. The evaluation was done by Brand Finance, a UK-based firm specialising in marketing and brand valuation. Together, these...

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Gitanjali Gems has just announced that it has undertaken a major brand valuation exercise for the valuation of its top four brands, namely, Gili, Nakshatra, D’damas and Asmi. The evaluation was done by Brand Finance, a UK-based firm specialising in marketing and brand valuation. Together, these...

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The strike and production cut at Honda Motorcycle & Scooter India Pvt Ltd (HMSI) has created an opportunity for other two-wheeler makers to sell more units during the festival season. In the absence of Honda’s flagship Activa, there has been an increased demand for other scooters like Scooty...

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