Delisting may have failed, but there are bigger takeaways The Vedanta delisting failed to take off as the promoters did not get the 1.34 billion shares required to delist. In the end, they could only muster 1.25 billion shares after LIC did not budge from its price of Rs.320/share. This was more than twice what…
Fiscal deficit may negate the benefits of current account surplus It was a week during which two major macroeconomic announcements by the government dominated the headlines. On 30 September, the current account balance for the Jun-20 quarter and the fiscal deficit for the first five months of this fiscal were announced. Here are some interesting…
Let us not push LIC also the UTI way… Late last week, the government hinted at selling part of its stake in IDBI Bank to LIC. To be fair, this is not the first time that LIC has bailed out the government by dipping into its reserves. During the last 1 year, the government has…
What will be the key sectoral stories to watch out for in 2018? Come year-end and the general question is, “What about markets”? This time will be no different. Let us look at 6 sectors that will be big stories in 2018… Agri-Sector – Well, the BJP is taking no chances after Gujarat. You can…
Finally, there seems to be the much needed credit boost… When the government announced the unprecedented Rs.2.11 trillion bank rescue package this week, it did stir a sense of euphoria. A day after the announcement the PSU banks were up anywhere between 20% and 45%. The question is whether this package is actually a boost…
The challenge will be in handling the softer aspects… The cabinet finally approved the plan to merge PSU banks. With gross NPAs of the PSU banks at over 12.5%, there was little else that could have been done. However, there are a few key things to know about the next steps in the PSU bank…
