Morning News from India - June 11, 2018 Tweet11 Jun 2018
- Sensex, Nifty close marginally higher, telecom, pharma stocks lead (Livemint)
- Why no one is worried about MPC’s rate hike (The Hindu)
even banks have not waited for the MPC’s say-so to hike their rates. With deposit flows slowing down and credit offtake picking up, banks have had to hike their retail and bulk deposit rates by 25-50 basis points over the last six months to woo new depositors.
This trend of debt market participants not looking to the MPC to decide on interest rates is not a very welcome development for policymakers. If the markets regularly pre-empt MPC moves, its policy rates lose their benchmark status and become a less effective tool to rein in inflation, stimulate growth or stabilise an unruly exchange rate.
Managing India’s Economy: Those Who Cannot Remember The Past… (Bloomberg Quint)
- Indian telcos may well lose by winning (Livemint)
- #AIforAll: How India wants to turn an elitist technology to serve the masses (Factor Daily)
- Narendra Modi’s plan to get million more Indians flying hits an air pocket (Economic Times) - MMYT, YTRA
ICICI Bank, Chanda Kochhar face US regulatory probe; Indian agencies may seek foreign help (Economic Times) - IBN
RBI’s on track to release wallet interoperability rules in a month (Economic Times)
- This Indian Judge Is Making Google and Amazon Nervous (Bloomberg)
- With Fox Deal, Comcast and Disney Wish Upon a Star in India (WSJ)
…its biggest selling point now is Hotstar, a mobile-first streaming service that features its content and has 150 million active monthly users.
While user cancellations of cable and satellite TV service are plaguing the U.S. pay-TV industry, “in India, cord-cutting is absolutely a nonissue” and pay-TV is still expanding, said Abneesh Roy, senior vice president of research at Mumbai-based Edelweiss Capital Ltd.
- With 7,500 products and four years of research, IKEA is ready for India (Quartz India)