Jackson Hole

What must be the agenda for global central banks? As some of the most influential central bankers in the world meet at Jackson Hole in Wyoming, the markets are awaiting the outcome with bated breath. We have some early indications from Janet Yellen while Mario Draghi is yet to outline his views at the meet.…

Next Infosys CEO

Why it must necessarily be an internal candidate… A lot has happened at Infosys in the last couple of weeks. Vishal Sikka has stepped down, the chairman of the board has resigned, Nandan Nilekani has come back in the capacity of non-executive chairman and fund managers are happy. But the big challenge for Infosys comes…

PSU Bank Mergers

The challenge will be in handling the softer aspects… The cabinet finally approved the plan to merge PSU banks. With gross NPAs of the PSU banks at over 12.5%, there was little else that could have been done. However, there are a few key things to know about the next steps in the PSU bank…

Vishal Sikka Departs

But the grand show at Infosys must go on… When Vishal Sikka finally submitted his resignation on 18th August, there was little by way of surprise. The relations between the founding promoters and the current board had deteriorated to a point from where there was really no turning back. Even as the slanging match between…

Forget the US

India needs to keep an eye on China and the EU… Over the last few days, most Indian markets had eyes riveted on the US economy, the US Fed and the dollar performance. That is not surprising because normally the US economy has set the tone for the entire global economy. That is partly due…

Savings Rate Cut

As more banks follow, be prepared for lower rates on deposits… Shortly after SBI took the lead in cutting the rates of interest on savings deposits, many more banks have followed suit. Banks like PNB, BOB, HDFC Bank, Axis Bank, Yes Bank and Kotak Bank have all cut their rates of interest on savings by…

Rupee Weakens

Why this could be a blessing in disguise for India… Back in December 2016, the INR had corrected to around Rs.68.5/$. At that point of time, most analysts were expecting a level of Rs.72/$, which would have been reasonable from an REER point of view. However, as the US Fed became more dovish and the…

Two Wheelers

Is Bajaj Auto losing out on the domestic game? When Bajaj Auto announced its global tie-up with Triumph International of UK, it was not just a strategic link-up. It was also a tacit admission by the company that it was rapidly losing its market share in the domestic market. The Triumph deal will enable Bajaj…