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Efficiencies of PSUs are getting affected irrespective of their size.
The idea behind the merger is to extend the best financial services to the customers.
The combined entity will not require additional capital infusion.
Jahangir Aziz, Chief Emerging Markets Economist of JP Morgan discusses how Lehman Brothers bankruptcy impacted India promptly in 2008 and how European Soverign debt crisis had an impact on India in 2011.
Know about all the business news headlines trending today.
Cabinet approves increasing ethanol price by 25%.
The Maharashtra FM wrote to the FM's council for four times, in a span of 2 months to bring fuel under GST. The state has also refrained from hiking fuel taxes for the past 2 years
Widening CAD and Rupee fall are a major concern.
"Whatever the government has announced recently about the Rupee movement will not be giving immediate results," says MV Srinivasan, VP, Mecklai Financials.