Inflation Tapers

But will it change RBI’s interest rate strategy? Source: Trading Economics Retail inflation as measured by the CPI inflation tapered to 3.69% for the month of August. That is a 10-month low and that is the good news. But will it really change the outlook of the RBI with respect to interest rates and is…

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…

Bonus Debentures

An innovative way to reward shareholders… The Board of Britannia recently approved the issue of bonus debentures to its shareholders in the ratio of 1:1. Like a true-blue bonus, the issue of bonus debentures will be free for shareholders. Instead of issuing bonus shares and reducing the market price, the bonus debenture is a better…

Equity Fund Flows

Flows continue unabated in Feb despite the LTCG overhang… At a time when the markets were worrying about the impact of LTCG on the equity fund flows, AMFI data for February shows otherwise. Consider the statistics. During the month of February, equity funds and ELSS schemes saw a net inflow of Rs.16,300 crore with more…

Gujarat Verdict

What are the key takeaways from the Gujarat election outcome? Despite the vagaries of the Gujarat counting last week, the results were largely along expected lines. One can argue that the BJP’s victory margin was narrower than expected, but that was to be expected after 22 years in power. So, what are the key takeaways?…

Vishal Sikka Departs

But the grand show at Infosys must go on… When Vishal Sikka finally submitted his resignation on 18th August, there was little by way of surprise. The relations between the founding promoters and the current board had deteriorated to a point from where there was really no turning back. Even as the slanging match between…