Investor’s Dilemma

We may have seen the beginning of a major market re-rating… The day after the bank recapitalization package was announced, there was a frenetic rally in PSU banking stocks. This rally not only took the Bank Nifty to a new high but even propelled the Nifty index to an all-time high beyond the 10,300 levels.…

Tale of 2 Results

ICICI Bank disappoints; Hindustan Unilever flatters… The results season is not yet over and there are still some of the key banking results to be announced. But with the major companies already having announced their results, there are 2 things that stand out. Firstly, there is a sense of disappointment over the quarterly results of…

Boost for PSU Banks

Finally, there seems to be the much needed credit boost… When the government announced the unprecedented Rs.2.11 trillion bank rescue package this week, it did stir a sense of euphoria. A day after the announcement the PSU banks were up anywhere between 20% and 45%. The question is whether this package is actually a boost…

GE versus Railways

Why Indian Railways must walk away from the $1.6 billion deal… There has been a major furor around the Railway Ministry decision to renegotiate the diesel engine purchase from GE. Piyush Goyal has rightly questioned the logic of spending on diesel engines at a time when electric engines make a lot more economic sense. GE,…

GST Blues

What can the government do to stem the issue…? The government did make a great start by sticking to its deadline of July 01st for GST launch. While the launch and its implementation have been fairly smooth, the real problems have arisen after that. To be fair, some teething problems were expected in the process…

Oil heads higher

But will it sustain beyond the Saudi Aramco IPO? One commodity that has been quietly heading upwards is crude oil. Brent crude is already above $57/bbl and is looking all set to touch the $60/bbl mark. How much higher than $60 it goes is uncertain at the current point of time. US shale is not…