High risk aversion in the banking system is one of the most pressing challenges of current time. Banks have been parking huge surplus liquidity with the RBI, even at very low reverse repo rate. Their reluctance to lend is understandable - economic outlook is weak and lot of their fresh advances could turn bad if economy takes longer to recover. Hence, addressing their risk aversion is a very important step in de-clogging credit flow. Recent announcements of government-guaranteed loans in the second stimulus package could solve the problem to some extent as banks will not retain any risk on their books. … [Read more...] about ‘Need more stimulus with focus on GST cut, wage support, higher MNREGA spend’
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about Buy Orient Cement target of Rs 65: Anand Rathi
In Wipro, after CEO Vivek Paul's exit in 2005, Azim Premji assumed the role for three years till 2008. Between 2008 and 2011, the company was led by Girish Paranjpe and Suresh Vaswani, both of them old-timers, who quit in 2011 on grounds of personal reasons. By then, Wipro's growth began to slump. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?
Exploring cultural differences and challenging stereotypes are the core of Ramy‘s second season. As the title character’s moral compass, Sheikh Ali has hurdles to get over when he meets Ramy’s family because he’s a black American Muslim—a difference that the angry mob protesting outside his mosque doesn’t grasp, since they lump all Muslims into one group. Ramy’s brash uncle Naseem (Laith Nakli) tries to provoke Sheikh Ali, taking him to task for converting to the faith as if it were fashionable. But he’s hardly infallible: Later, we learn that Naseem is living a double life behind closed doors. Confronting these thorny issues cracks the surface of prejudice that pervades the Muslim community in the States. … [Read more...] about Hulu’s ‘Ramy’ is back—with even more provocative questions for the Muslim-American diaspora
The company signed Licensing Agreement with Gilead Sciences to register, manufacture and sell Gilead's investigational drug, remdesivir, a potential therapy for coronavirus in 127 countries including India, and is working towards launching the drug in July 2020, it added. … [Read more...] about Jubilant Life Sciences posts Rs 260.49 crore profit for March quarter