Soft Bankruptcy

India must handle soft bankruptcy cases a lot more deftly CRISIL recently published a report about the Rs.70,000 crore collected through NCLT in the fiscal year 2018-19. The collections in the current fiscal are likely to be closer to Rs.1 trillion. According to CRISIL, this represents 43% realization that is at par with global best…

Flipkart Sells Out

Raises bigger questions about Indian home-grown businesses… In one of the biggest ecommerce deals, Wal-Mart bought a 77% stake in Flipkart for a consideration of $16 billion. This gave Flipkart an enterprise valuation of $21 billion. For quite some time, Flipkart was looking for an honorable exit after it became clear that it would find…

Current Account

The CAD is a lot more worrisome than the trade deficit… During the week the trade data was announced wherein the trade deficit came in sharply lower at $12 billion. This is in comparison to $16 billion reported in the month of January. Even the growth in exports of goods was sharper than the previous…

Crude Oil Prices

Shale output could hold the key to future oil prices… Between July 2017 and January 2018 the price of Brent Crude went up from $45/bbl to $70/bbl. While the price has toned down to $64/bbl, oil analysts are betting on oil prices staying elevated till the year 2020. Here is why! Supply cuts to continue……