Why the US election outcome will make no difference to India As we write, the final outcome of the US elections is yet to be known. It looks like Biden would eventually make it to the White House as he is just 20 short of the magic figure of 270. But, it is always wiser…
Large NBFCs must be subjected to regulation; exactly like banks RBI Deputy Governor Rajeshwar Rao was in the news recently for suggesting in a speech that large NBFCs should be regulated in the same way as banks. In fact, Rao went a step ahead to suggest that NBFCs above certain threshold AUM should either convert…
For Reliance digital and retail, it may now be payback time It is said that good projects and good business ideas always find investors. The state of the market hardly matters. That was proven most eloquently by Reliance when it monetized its digital stake in the midst of testing market conditions. RIL now looks all…
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…
