Infosys v/s TCS

Have the equations changed after the Q1 results?     Over the weekend both Infosys and TCS declared their Q1 results. While the stock of TCS was marginally down on Friday, Infosys cracked by nearly 10% in Friday trades. Over the last 3 quarters, Infosys has played catch up and has closed the gap with…

Masala Bonds

They could save a lot currency blushes for Indian companies…     The recent raising of Rs.3000 crore by HDFC through the issue of Masala Bonds has brought the spotlight back on this product. These products were permitted by RBI in September 2015 and HDFC has actually been the pioneer in raising money through Masala…

The Big Oil Bet

How India is making its biggest ever bet on the oil sector…     The big bet on oil should have actually happened in India a long time back. It was always a mug’s game. India consumes nearly 4.4 million barrels of oil per day. Of this it produces just about 25% of its daily…

FCNR Redemption

Why it could be a real headache for the RBI?   It is by now well known that the Indian economy has a huge payout of $25 billion in the form of FCNR deposits redemption. These deposits were raised by the banks from their NRI clients at the behest of the RBI at the peak…

Small Cap Stocks

Why is Mark Mobius bullish on Indian small cap stocks?   Small and mid cap stocks were the toasts of 2015. In a year when the indices gave negative returns, mid and small cap stocks vastly outperformed. However, the scenario has changed drastically post the Union Budget 2016. While large cap stocks have given returns…

US Data Shock

A clear slowdown means that rate hikes may be off the table…   The US Non-Farm Payrolls (NFP) data that was announced on Friday was a complete shocker. For the month of May, the US NFP added just 38,000 jobs as against an addition of over 123,000 jobs in the previous month. The NFP number…