Day: August 1, 2013

New set of challenges in India since one year

Chidambaram’s one year report card: More misses than hits Firefight, rescue, salvage, reclaim, reboot, these were some of the words that were used a year back when P Chidambaram took office at North Block, as the Indian economy was starring into an abyss. It has been an eventful one year in office. He has managed […]

Goldman downgrades India to ‘underweight’

Goldman Sachs downgraded its rating on Indian stocks to ‘underweight’ on concerns about delayed growth recovery and rising vulnerabilities for the economy. Also Read: Chidambaram’s one year report card: More misses than hits The external funding environment has also become challenging causing RBI to tighten liquidity, the investment bank said in a note. Goldman Sachs […]