Religare Broking

When we talk of economic reforms in India, the focus is normally on Dr. Singh and Mr. Narasimha Rao. While they certainly pioneered the reforms process in India under pressure from the IMF, the practical thrust came from Mr. Vajpayee. In fact, had it not been for Atalji, Indian markets may have never seen the big bull market of 2003-2007. Let us also remember his significant economic contribution, apart from his vision and unmatched oratory.

Golden Quadrilateral

When the NDA government announced an Rs.75,000 crore outlay for the Golden Quadrilateral project in the 2003 budget, it was an audaciously large allocation. Over the last 15 years, if India has seen a major thrust to trade, commerce, production and income levels; it is all thanks to the trigger that came from Golden Quadrilateral project which remains India’s first major infra thrust post liberalization.

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The last time that the Turkish Lira faced a crisis was in 2001 when many Turkish banks went bust. The Turkish Lira has plummeted more than 42% since the beginning of the 2018 with the currency losing nearly 16% on Friday itself. Where does Turkey go from here and what does it mean for other emerging market economies?

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The Board of Britannia recently approved the issue of bonus debentures to its shareholders in the ratio of 1:1. Like a true-blue bonus, the issue of bonus debentures will be free for shareholders. Instead of issuing bonus shares and reducing the market price, the bonus debenture is a better way of rewarding shareholders without diluting the price. Here is what you need to know about bonus debentures.

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