Electric Vehicles

Gadkari’s projections may be ambitious… When Nitin Gadkari painted his picture of the future of Indian auto, it looked exciting and also a tad ambitious. Gadkari expects Electric Vehicles (EV) to constitute 15% of Indian auto sector by 2023 and 100% by 2033. While the numbers may sound a bit lofty, his thinking is surely…

Bond Yields

Will 8% be the new normal for the Indian bond markets? During the last one week, the 10-year bond yields decisively settled above the 8% mark. After touching a high of 8.06%, the bond yields settled around the 8.03% mark. What is material is that 8% is not the psychological barrier anymore and now appears…

L&T Buyback

What exactly could have driven the buyback by L&T? During the previous week, L&T announced its first ever buyback in history. The issue was also the third largest buyback in India, with the two largest tranches having been already completed by TCS. That raises a critical question. Buybacks are understandable for tech companies with mountains…