The Team that ran Narendra Modi’s poll campaign is back at work, its next target being assembly elections due this year. Prime Minister Modi, it has been learnt, has asked his campaign strategists to stop celebrating the victory and begin ground work for the upcoming “challenges”. They have been advised to replicate the campaign and communication strategy they followed in the general elections. The big target is Maharashtra, which goes to polls in December.

Recognising the growth potential in the Indian male grooming sector, FMCG companies Hindustan Unilever (HUL), Dabur and ITC are extending their women care brands to male grooming range.

For instance, HUL has launched Pond’s Men, its international range of premium face care products for men, in India. While Dabur India is planning to extend its skin care portfolio for men under Oxylife brand, ITC is sharpening focus on innovations to woo males in India.

Raising capital through the qualified institutional placement (QIP) route has been a hit this calendar year, with four issues already mopping up Rs 11,455 crore in the first five months - nearly 30 per cent more the Rs 8,075 crore 10 companies raised in full 2013. In fact, the amount raised this year has been the highest since 2010 (see chart).

Soon, you may be able to deposit cash or order a cheque book through an automated teller machine (ATM) of a bank, of which you are not a customer. At present, one can withdraw money, check account balance and get a mini statement from non home-bank ATMs, but no other transaction is allowed.

The National Payments Corporation of India, along with some private and public-sector banks, has embarked on a pilot project to test the feasibility if several services could be offered by non-home bank ATMs. Bankers have also sought the Reserve Bank of India’s (RBI) approval to roll out the same if the results of the pilot projects are positive.

Markets have marginally come off morning lows with the Sensex down 158 points at 25,421 and the Nifty gave off 55 points to trade at 7,599.

Sell-off was visible in the broader markets as well with both the mid and small cap indices down over 1% each, taking a breather after several weeks of outperformance.

The cumulative market capitalisation (m-cap) of the companies listed on the BSE soared to a new peak of Rs 90,36,541 crore on Monday. This is the first time in history that the total investor wealth has crossed the Rs 90-lakh-crore mark.

Total investor wealth rose more than Rs 10 lakh crore in less than a month after a victory of Narendra Modi-led National Democratic Alliance in the recently concluded general election. The market value of all BSE companies was about Rs 79,76,000 crore on May 15, a day before declaration of the general election result. The benchmark S&P BSE Sensex has rallied seven per cent or 1,675 points since then.

In a move aimed at creating liquidity buffers in banks, the Reserve Bank of India (RBI) has mandated the lenders to maintain 60 per cent liquidity coverage ratio (LCR) from January 1, 2015. Also, the central bank suggested a phased manner in which the ratio will have to increase to 100 per cent by January 1, 2019. Equal quantum of increase has been suggested for every year, till 2019.

Finance Minister Arun Jaitley on Monday reached out to states and sought their cooperation in implementing the Goods & Services Tax (GST) soon, tackling inflation, addressing fiscal challenges, and implementing the food security law in a cost-effective and efficient manner.

The Gujarat government is has set the ball rolling on developing a Japanese industrial cluster near the Maruti Suzuki India Ltd (MSIL) factory at Hansalpur.

Already, the area has managed to attract projects from leading Japanese companies like Honda Motorcycle and Scooter India (HMSI), a subsidiary of Mitsubishi Aluminium company, around four medium sized engineering companies from Japan, apart from the MSIL plant, which is to be built by a wholly owned subsidiary of its Japanese parent Suzuki Motor Corporation.

A complicated maze of 338 bank accounts and 224 companies was used by the perpetrators of the Saradha chitfund scam which is alleged to have duped numerous investors of their hard earned monies in various states including West Bengal, Odisha and Assam.

The Enforcement Directorate (ED), which has been probing the Saradha scam under money laundering laws, has put together the jigsaw puzzle through which the Saradha group and its sister companies conducted the alleged dubious business transactions which came to light early last year after investors raised their voice and said they were cheated.

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