Domestic sugar sector has been under pressure as the food ministry has still not issued the sugar export license, despite the Empowered Group of Ministers have approved the sugar export of five lakh tonne. In addition to that there are concerns over rising commodity prices and inflation, which may impact sugar exports further.
more...
Most bankers feel that if inflation pressure continues to be the same way, then the RBI will be forced to hike the interest rates by 25 basis points in the next policy. In an interview on CNBC-TV18, Uday Kotak, vice-chairman and managing director of Kotak Mahindra Bank, said the RBI will keep hiking interest rates.
more...
Deutsche Bank s profit after tax from India operations recorded compounded growth of 42 per cent per annum in the past five years. In an interview with Manojit Saha and Somasroy Chakraborty, its chief executive officer here, Gunit Chadha, says the bank will continue to invest in its India franchise to sustain growth momentum. He also talks about the likely sale of their credit card business.
more...