ICICI Bank

A lot of questions are still left unanswered… Source: Moneycontrol If one really wants to understand what has gone wrong with ICICI Bank, one needs to look at the price performance. As the chart indicates, ICICI has not only underperformed its peer, HDFC Bank, but even the Bank Nifty by a huge margin. The problem…

IDBI Bank

Let us not push LIC also the UTI way… Late last week, the government hinted at selling part of its stake in IDBI Bank to LIC. To be fair, this is not the first time that LIC has bailed out the government by dipping into its reserves. During the last 1 year, the government has…

Global Trade War

Are we underplaying the consequences of a trade war? Even as we write the global trade war appears to be going into an endless spiral. One can argue that it was the US that started, but the US is not likely to be the loser in the entire game. The US dollar is still the…

Sensex Rejig

Pharma stocks lose relevance in the Sensex Source: Motilal Oswal With the Sensex Index Committee planning to drop Dr. Reddy from the index and replacing it with Vedanta, it will reduce the share of pharma further in the index. Lupin and Cipla are already out of the Sensex, leaving Sun Pharma as the only pharma…