Whatsnext

Inflation and falling rupee keeping away FII flows

Single digit growth in the West will drive FII flows into India, but the short-term outlook looks unstable, Ranu Dayal, partner & director, Boston Consulting Group tells Firstpost in this interview.<br /><br />

As currency floats, Myanmar's banks rise again

Faced with the inevitable -- Suu Kyi's election into the parliament and increased global integration, Myanmar's dysfunctional banking system took a big step into the 21st century with the floating of the kyat today.

Fitch: Greece will default, but it will be orderly

FItch is echoing S&P, and believes that even a voluntary agreement by private investors to take a haircut on Greek debt would constitute a default.<br /><br />

Don't be fooled by Maruti's robust sales; troubles still lurk

March sales for Maruti are the highest-ever in a single month in the company's history, but worries remain for Maruti despite the good show.

Rupee hits new all-time low of 52.48. Next stop, 56 against the dollar?

The local currency has tumbled by more than 4 percent against the dollar in the past six days alone, hammered by fears that the eurozone sovereign debt crisis is gradually shifting from peripheral nations to the larger economies.

FinMin, Moody's will discuss sovereign rating on 14 Nov

The rating agency yesterday downgraded the outlook for the Indian banking system to "negative" from "stable" saying that economic slowdown would impact asset quality, capitalisation and profitability.

Even as inflation falls, the case for rate hike remains

The fall in July inflation numbers is good news, since food and fuel prices seem to be coming off. But manufactured products are still on an upswing. The RBI may need to continue its rate hikes.

L&T, Bhel hit 52-week low; more pain to follow?

The markets are already wary of the sector and despite minor fillips, the short-term scenario does not look impressive for it.

Looks like the rich world blues will get worse this year

IMF's revised economic outlook for 8 developed nations forecasts damp growth for Japan, Italy and UK, which account for almost 39% of global GDP.

US heading for depression, eurozone seen as a failure

There's a fiscal 'catastrophe' looming in the US, and a 'meltdown' on the horizon in Europe: the global economy is about to take a giant hit.