What Mukesh Ambani overtaking Buffett actually means? Even 5 years back, it would have been hard to conceive an Indian businessman overtaking Warren Buffett in terms of wealth. But that is what happened on 10 July when Mukesh Ambani overtook Buffett to emerge seventh richest. Reliance price effect As on July 10, Mukesh Ambani with…
It’s time for the RBI to intervene and cut rates at the earliest In the immediate aftermath of the Fed rate cut in March-20, there were strong expectations that the RBI would follow suit. However, the RBI has chosen to go slow and avoided jumping into a rate cut. Is it really time for the…
Indian markets may be underestimating the Iran effect The drone attack that killed Soleimani, a senior military official of Iran may have much larger repercussions than is being currently envisaged. In the fractured Middle East, this may appear to be a normal event but it is the first time that the American drones have directly…
A glut of AMC shares can depress valuations as scarcity vanishes When the UTI AMC filed the draft red herring prospectus (DRHP) for its IPO, it was already anticipated. Like in case of other AMCs, the IPO of UTI AMC will be structured as an offer-for-sale, wherein the existing shareholders of UTI will get partial…
How the Operation Twist moderates bond yields in Indian markets In the aftermath of the monetary policy, there was a sharp spike in 10-year bond yields in India. The yields shot up from 1.45% to 1.75% in a short span of time after the RBI decided to maintain status quo on repo rates. The financial…
Debt ETFs are a great idea but the big challenge will be indices The Securities and Exchange Board of India (SEBI) issued its draft norms for debt ETFs (exchange traded funds) on 29th November. This set the tone for the introduction of passive debt funds in India. Passive equity funds in the form of index…
Q2 GDP growth at 4.5% is the lowest level in the last 6 years The only good thing about the GDP growth of 4.5% for the September quarter was that the expectations were much lower. Most economists had pegged the second quarter GDP closer to 4.2% with some pessimistic notes even pegging the growth at…
RIL crossing Rs.10 trillion market cap is significant in many ways During the week, Reliance Industries became the first even Indian company to scale market cap of Rs.1,00,000 crore and that was always on the cards. In fact, TCS is close behind and HDFC Bank is also not too far away. But the level of…
The SBI Mutual Fund IPO should come much earlier than 2 years At a recent event, the SBI MF CEO announced that the SBI MF would also come out with an IPO in the next two years. The decision is hardly surprising considering the fancy run that stocks like HDFC AMC and Nippon AMC have…
MAT credits will not be lost if you shift to the new tax regime Over the last few weeks, the press has been rife with the recent clarification given by the CBDT. In fact, CBDT had recently clarified that companies that shift to the new 22% tax formula will not get the MAT credit. That…
