Despite the setback, the EPFO must persist with equities Employee Provident Fund Organization (EPFO) has decided to pay only 8.15% out of the 8.50% interest committed by the government for FY2019-20. The balance will be paid by December 2020 subject to equity surplus available with the EPFO corpus. This rate was already the lowest paid…
It could be the next big frontier for Indian sugar industry As another sugar season comes to end, the question is not about production of sugar or about consumption. The big story is that India could end up with sugar exports of 5.50 million tons this sugar season; which extends from the month of October…
What Indian aviation companies need to do from here on? Indian aviation has a real problem and that became apparent when the quarterly results were announced by Indigo Airlines. Despite a 42% market share, Indigo had to take a huge loss in the quarter. According to CRISIL, the total combined losses of the aviation sector…
We just saw a brief display of what it could entail… When DSP Mutual Fund sold DHFL bonds on Wednesday at a yield of 11%, it represented one of the steepest discount sales in recent memory and the impact was obvious. Fearing payment troubles at DHFL, the stock was hammered by over 50% on Friday…
Measures announced are too generic and far-fetched The rupee rallied sharply over the week-end after a touching a low of 72.91/$ to close at around 71.85/$. Even the 10-year bond yield tapered on expectation that the weekend package to revive the rupee would do away with the need to hike rates for the RBI. But…
Why Donald Trump will finally have his way on rates? It is by now a well known fact that Donald Trump has been a staunch critic of the rate hikes announced by the Fed. In the latest Fed testimony, Chairman Powell hinted at further rate hikes if the growth in GDP and the strong jobs…
But for SBI, corporate India would have fared much better… An interesting study by Bloomberg Quint highlighted that the EPS for the Nifty 50 companies at the end of the first quarter stood at Rs.114. Ironically, this EPS would have been at a more impressive Rs.120.25 had it not for the Rs.4800 crore loss that…
The company’s biggest challenge may be domestic… Source: Bloomberg Quint When Bharti Airtel announced its quarterly results for Q1, the highlight of the company’s results was the profits in its Africa operations. But, it perhaps hides a bigger story of problems for Bharti in the domestic business. Here are 3 immediate challenges. ARPUs have fallen…
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…
What will be the key sectoral stories to watch out for in 2018? Come year-end and the general question is, “What about markets”? This time will be no different. Let us look at 6 sectors that will be big stories in 2018… Agri-Sector – Well, the BJP is taking no chances after Gujarat. You can…
