Blame It On JIO

A telecom data price war may have started and could get worse…     When Idea Cellular announced that it would cut data prices for high value customers, it was the beginning of a price war on data. The data segment of the telecom industry has not really seen a price war as in the…

Recapitalizing Banks

Why the government may have an arduous task ahead…     The government has taken its first step towards bank recapitalization by allocating a sum of Rs.22,900 crore ($3 billion). But the monetary allocation may just be the beginning. The real challenge will be how the government is going to meet the shortfall.   Just…

FPI Investments

Why are Foreign Investors flocking back to India once again…?     FPIs have infused nearly $2 billion into the Indian markets during the month of July. Of course, half of these inflows were into debt but that still does not take away from the fact that India is surely attracting FII interest. There are…

Gold Bonds

Will the fourth tranche be as attractive as the previous ones?     The government of India will be launching its fourth tranche of gold bonds from July 18th to July 22nd. The first 3 tranches have seen the interest in gold bonds gradually build up as the regulatory ecosystem as well as the prices…

Infosys v/s TCS

Have the equations changed after the Q1 results?     Over the weekend both Infosys and TCS declared their Q1 results. While the stock of TCS was marginally down on Friday, Infosys cracked by nearly 10% in Friday trades. Over the last 3 quarters, Infosys has played catch up and has closed the gap with…

Masala Bonds

They could save a lot currency blushes for Indian companies…     The recent raising of Rs.3000 crore by HDFC through the issue of Masala Bonds has brought the spotlight back on this product. These products were permitted by RBI in September 2015 and HDFC has actually been the pioneer in raising money through Masala…

Fed Rate Hike

Why it almost looks unlikely in the calendar year 2016…     It is now a full seven months since the US Fed hiked the rates by 25 basis points. Since then, expectations of the timing of the next rate hike have been varied. The recent signals emanating from the Fed seems to almost underline…

Cement Buyout

Why UltraTech’s acquisition of Jaypee Cements is significant…     The recent acquisition of a stake in key cement plants of Jaypee Associates by UltraTech is significant in more ways than one. The total cement capacity acquired by UltraTech amounts to 21.2 million TPA of capacity at Rs.16,189 crore and forms nearly 2/3rd of the…

The Big Oil Bet

How India is making its biggest ever bet on the oil sector…     The big bet on oil should have actually happened in India a long time back. It was always a mug’s game. India consumes nearly 4.4 million barrels of oil per day. Of this it produces just about 25% of its daily…

New Lows For INR

It will happen, but nothing much to worry about…     Macquarie recently released a report indicating that the INR could dip to a low of Rs.71/$. For those who have seen the panic of August 2013, this may almost sound like an encore. But there are some subtle differences. In fact, even at Rs.71/$,…