RBI Rate Cut

Monetary push is unlikely to be really effective in these markets On 22 May, the RBI once again had an early meeting of the Monetary Policy Committee (MPC). The stance clearly was dovish but the million dollar query is whether these measures can help? Another monetary push After cutting repo rates by 75 bps in…

ARPU Game

How Bharti Airtel is winning the ARPU game against Reliance Jio The telecom voice and data business is all about the average revenue per user (ARPU). The future belongs to telecom players that can maximize ARPU without compromising on growth. How Bharti Airtel gained In early October, the Supreme Court rejected the plea of telecom…

Jio Platforms

How soon can Jio Platforms help RIL become zero net-debt? During the week, Reliance sold the fifth tranche stake in Jio Platforms to KKR for a consideration of Rs.11,367 crore. The 2.32% stake was sold at valuations similar to Silver Lakes. Where does that leave RIL in its zero debt plans? Monetizing Jio Platforms With…

Borrowing Calendar

Spike in borrowings is not great news for the Indian economy On Friday 08th March, the government announced a revised borrowing calendar for the fiscal year 2020-21. Due to the COVID-19 allocations and lower revenue flows, the government opted to hike the annual borrowing level from Rs.7.80 trillion to Rs.12 trillion. That is a spike…

Jio Valuations

What made Jio Platforms worth more than 50% of Reliance value? In the first week of May 2020, Jio Platforms, RIL’s digital property, got two big PE funds to invest in their business. The deals happened at healthy valuations and give RIL the currency to monetize their stake in the digital business. What exactly were…

Future Group

What exactly has gone wrong with the Future Group Recently, the press has been rife about banks scouting for a buyer for the Future Group. The group floated by Kishor Biyani has run into a mountain of debt and the retail lockdown has only worsened matters for the Future group. To understand what went wrong,…

Introducing Smallcases On Trustline

Introducing smallcases on Trustline We are pleased to announce a new product offering called smallcases. A smallcase is a basket of stocks/ETFs selected & weighted intelligently to reflect an objective, theme, or a strategy.  Thematic smallcases reflect a specific market theme or idea, like Rising Rural Demand smallcase. It consists of companies that stand to…