What chiefs rb to pick up

Former Reserve Bank of India governor Raghuram Rajan is among the front runners for the post of International Monetary Fund’s managing director, days after Britain’s Foreign Office was urged to back an Indian for the job, according to media reports in the United Kingdom.The IMF role fell vacant after current MD Christine Lagarde announced her resignation last week after she was nominated by the European Council as president of the European Central Bank. Her resignation takes effect from September 12.As demands grow for the next IMF MD pick to be from outside Europe and America — as British foreign affairs committee chairman Tim Tugendhat wrote in a letter to foreign secretary Jeremy Hunt – The Sunday Times mentioned 53-year-old Rajan among the likely candidates.Close “This is an ideal time for the job to be opened up to an emerging-market candidate. Raghuram Rajan, the former governor of India’s central bank… has good IMF credentials as one of … [Read more...] about Ex-RBI Governor Raghuram Rajan in running for IMF chief’s post?

India "should stage a rebound in 2020 as global conditions improve," feels Goldman Sachs’ Chief Economist Jan Hatzius, as reported by CNBC.The recovery would be ‘modest’, Hatzius told the publication while there would be "a tentative sense of stabilisation in the Indian economy” in 2020, he said.He said improved global economic conditions and domestic measures, such as the corporate tax cut and the Reserve Bank of India’s monetary policy are likely to create some positive momentum.Close Goldman Sachs, in November, projected India’s growth to fall to 5.1 percent from 7 percent in 2017 and 2018. It has projected the country’s growth to reach 6.4 percent in 2020. related news Govt raises Rs 2.79 lakh cr through divestment in last 5 years Will discuss GST-related issues of MSMEs with FM Nirmala Sitharaman: Nitin Gadkari 'No information' on raising Rs 1 lakh insured amount limit on bank deposits: DICGC Terming a recovery to the levels of … [Read more...] about Indian economy to see a rebound in 2020: Goldman Sachs’ chief economist

In a veiled attack on former CM Devendra Fadnavis for below par performance of the BJP in the Maharashtra assembly polls, senior leader Eknath Khadse on December 4 blamed certain leaders of the party for the defeat of his daughter Rohini and former minister Pankaja Munde.He demanded action against the leaders responsible for the BJP's shrunken tally of 105 seats, down from 122 in 2014.In another veiled jibe at the former chief minister, Khadse said the BJP would have retained power had the party agreed to former ally Shiv Sena's demand for sharing the post of chief minister in new government.Close When asked by reporters whether he was targetting Fadnavis, Khadse said "I am talking about the person who led the entire poll campaign and the strategy. I do not have to take anyone's name at this moment as people are smart enough". related news IL&FS reports Rs 22,527 cr net loss for FY19 Reliance Jio unveils tariffs for new all-in-one plans, up to 25% cheaper than … [Read more...] about Eknath Khadse fires veiled barb at Devendra Fadnavis on loss of power in Maharashtra

The cabinet yesterday took two big ticket decision, one was recapitalisation of banks and two, was an almost Rs 7 lakh crore push for infrastructure, specifically to the road and highways sector.Road Transport & Highways Minister Nitin Gadkari in exclusive interview to CNBC-TV18 explains what one should expect over the next few years as part of highway development programme.He touched upon various issues related to highway developments – the Bharatmala Project, NHAI awards, electric vehicles, road safety etc.Close With regards to Bharatmala Project he said it covers about 60,000 kms of which 35,000 kms is part of Phase I. He said they aim to get this project off the ground by December 2018.Nitin GadkariUnion Transport Minister|GoI Budget 2018 proposals to help boost growth to 8%: Nitin GadkariExclusive: Have sought Rs 25K cr more from FinMin in Budget 2018, says Nitin GadkariNitin Gadkari says enough of dollars, will scoop up poor man's money to build infra projectsTalking … [Read more...] about See Bharatmala project off the ground by Dec’18; close FY18 at 30km/day: Nitin Gadkari

Sameet ChavanIn the penultimate week, we saw some indecision in the Nifty market around the 12,000 mark, which eventually resulted in a decline towards 11,900 levels.We have been quite vocal since the last few weeks that it is a matter of time before we see the Nifty clock fresh highs and finally it has become a reality.Close The benchmark index has registered its highest ever weekly as well as monthly close and the way charts are shaped up, we expect a continuation of the northward trajectory.Sameet ChavanChief Analyst- Technicals & Derivatives|Angel Broking Hot Stocks | Wait continues for record highs; pharma on the path of revivalHot Stocks: Just a pause before a new high! Strong support for Nifty at 11,843 levelsPodcast | Stock picks of the day: Market may trade sideways between 11,400 and 11,700 levels, buy on dipsThis week, our projected targets are around 12,200-12,290. If we stretch the time period a bit, we will not be surprised to see the index heading towards … [Read more...] about Hot Stocks: Nifty clocks record highs, enters uncharted territory