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SumanSpeaks Capital Markets & Geopolitical Intelligence · Estd 2006 Governance · Regulatory Risk Reliance Power: When Legal Clouds Gather Over Market Euphoria ₹20,367 crore attached across the Reliance Anil Ambani Group. A ₹68.2 crore fake bank guarantee at the centre of it. A former CFO in custody for ten months and counting. And a stock that's still down more than half from its 52-week high even after a sharp rally. The market is pricing the turnaround. The Enforcement Directorate is pricing the history. Both can't be right forever. Reliance Power Ltd (₹24.07) has genuinely turned a corner operationally over the past two years — debt reduction, a growing renewable and BESS order pipeline, and periods of sharp investor re-rating. That part of the story is real and deserves credit. But sitting underneath that story is a live,...
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Inflation will start moderating from July: RBI Governor:
RBI Governor D. Subbarao said that inflation will start moderating from July. Subbarao was addressing RBI's central board meeting in Patna. RBI board met here to discuss various economic issues. 

The RBI governor said that he was sticking to 8.5% inflation projection made during the credit policy. 
India's food inflation rose for the fourth straight week in early February, heightening worries that it was driving up headline inflation past official forecasts and increasing the chance of the central bank pushing up rates. 
The food price index rose 17.97 percent in the 12 months to February 6, higher than an annual rise of 17.94 percent in the previous week, data released on Thursday showed. 
The fuel price index rose an annual 9.89 percent in the same week, down from a rise of 10.4 percent on year the previous week. 
A persistent rise in food and fuel prices along with a pick up in manufacturing prices are expected to push headline inflation from 8.56 percent in January to 10 percent by March, according to analysts and India's chief statistician Pronab Sen. 

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