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Grasim approves Rs 3,000 cr expansion of Harihar Lyocell PlantGrasim Industries will invest ₹3,094 crore to expand its Lyocell plant in Harihar, Karnataka. This expansion will significantly boost its a...- Grasim to invest Rs 3,094 crore to expand Lyocell capacity in Karnataka“This investment...marks another significant step in Grasim’s strategic expansion of advanced fibre capabilities, catering to the growing g...
- Odisha to issue fewer 'cordon passes' to prevent overcrowding during Jagannath chariot pullingOdisha government will issue fewer cordon passes for the upcoming Rath Yatra. This decision aims to prevent overcrowding near the chariots....
- Cooch Behar: TMC, BJP jostle for Rajbanshi vote in Bengal Assembly pollsCooch Behar is set for a fierce electoral battle as BJP and Trinamool Congress vie for dominance. Both parties are focusing on securing the...
- Samrat Choudhary signals continuity after taking over as Bihar CM; holds Janata Darbar, meets Nitish Kumar, orders anti-corruption pushBihar's new Chief Minister Samrat Choudhary is emphasizing continuity in governance. He has directed officials towards zero tolerance for c...
- Watch: Viral video shows why Harihar Fort could become a death trap, netizens warn 'hundreds could fall to their deaths'A video showing massive crowds at Harihar Fort is circulating. The fort is known for its dangerous trails. Concerns are rising about potent...
- Policy divergence globally may raise cross-currency risks for IT firms: TS HariharCross-currency risks may may get more acute if the euro starts weakening and the dollar starts strengthening, says Harihar.
- Weakness in rupee likely to continue on strong dollar: K Harihar, FirstRand Bank"It is primarily the dollar index. And today is not a one-off instance. I think the index is headed, very gently, towards the 100 level."
- China stocks driven by retail investors, may not impact global markets: K Harihar, FirstRand Bank"Two factors, which will impact dollar Rupee equity and the bond market will be Greece in terms of sentiment and the Federal Reserve in ter...
- Inflation to spike after August, banks' ability to cut rates doubtful: K. Harihar, FirstRand Bank'You hope the system will take the rates down, but the cost of deposits also needs to come down.'
- Moody's move will boost sentiment in both bond & currency markets: K Harihar, FirstRand Bank"However, foreign investors had perhaps already factored in a large part of it and therefore, we may not see too much of incremental inflow...
- See markets taking cues from the coming Budget: K Harihar, FirstRand Bank"If there is enough data in the Budet to suggest that the next year’s numbers on a full-year basis look much better, then it will be a big ...
- Railways to take adequate safety steps on coaches: Mallikarjuna KhargeRailways has taken a serious note of the Supreme Court notice regarding the issue of sleeper coaches conforming to international safety sta...
- Recovery will be driven more by consumption than manufacturing: K Harihar, Treasurer, FirstRand Bank'In the short term, we expect the trade deficit to be around $10 billion,' says K Harihar.
- RBI measures will take time to pay off : K Harihar, FirstRand BankEarlier when the market was looking at 58, we would probably look at slightly higher elevated level of 60-61 before the exporters decided t...
- RBI measures will be reversed once Re corrects to 57-58/$: K Harihar, FirstRand Bank"RBI would not probably tinker with either of the CRR or the repo, partly because initial measures are working," says K Harihar, FirstRand ...
- Telecom auctions, disinvestment agenda crucial for the market in near future: K Harihar, FirstRand Bank"The bond market is going to take more cue from the action that happens on the repo rate side and the real rate rather than the CRR."
- From liquidity provision point of view, RBI decision is a welcome move: K Harihar, First Rand BankGoing ahead inflation may stabilise in the 7-7.5 range, which will give space to the RBI cut the rates a little bit more, says K Harihar.
- Corporate access to long-term money will increase: K Harihar, Treasurer, FirstRand BankNet dollar supply into local markets may not be substantial following the RBI's measures but corporate access to long-term money will incre...
- Rupee strengthening unlikely to be a continued trend: K Harihar, FirstRand BankK Harihar, Treasurer, FirstRand Bank, in an interview with ET Now gives his perspective on rupee. Excerpts:-
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