The Consumer Price Index (CPI), a measure of retail inflation, touched a five-month high of 3.81% for the month of March 2017. The higher retail inflation was on the cards due to pressure from oil prices. The Monetary Policy Committee (MPC) has in the past highlighted the possibility of upside risks to inflation due to …
The Fiscal Responsibility and Budget Management (FRBM) Act was passed in 2003 to bring about an institutional mechanism to keep fiscal deficit under check. Fiscal deficit represents the deficit of the government that has to be met through borrowings as it is the gap that cannot be met through a combination of revenue and capital …
Probably, for the first time in recent memory, the expectations surrounding the TCS fourth quarter results were at an all-time low. Markets were extremely sceptical about TCS Q4 performance in terms of profit growth as well as in terms of margins. It is in this backdrop that the results were announced for the fourth quarter …
The SEBI meet on April 26 is will be the first meeting of the capital market regulator after Mr. Ajay Tyagi has taken charge. There is apparently, a power packed agenda of critical items for discussion. Some of the agenda items are likely to have long range implications for the Indian capital markets and are …
After an encouraging 2.7% growth in the Index of Industrial Production (IIP) for the month of January 2017, the expectations were quite high for the month of February 2017. However, the overall IIP numbers disappointed the street with a negative growth of (-1.2%). Needless to say, it was manufacturing that applied negative pressure on the …
What does a power company do when the price of its inputs go up? The answer is that the power company either absorbs the higher cost or passes it on to the customer. A basic pass versus absorb decision pertaining to power companies in India has become the pivot of a lot of controversy. The …
The trade data for the month of March 2017 had few surprises in store. The exports continued to grow positively for the 6th consecutive month. However, the growth in imports was much faster than expected leading to a slightly higher trade deficit for the month. The sharp rise in imports is slightly surprising considering that …
The core sector growth for the month of February 2017 came in subdued at just 1%. This is one of the lowest core sector numbers over the last few months and is also below the annual average. Core Sector, essentially, consists of 8 key industries that form the building blocks of economic growth. Core sector …
Infosys announced its Q4 results on the 13th of April 2017. The expectations were quite muted in the street both on the top-line growth and profit margins. Over the last few quarters, Vishal Sikka and his team have constantly warned the street about the pressure on margins and the likelihood of tepid growth in sales. …
As the Nifty stands at a new high and the Sensex just a few hundred points shy of a new high, the question arises about the outlook for equities in the coming financial year. While at a very broad level, valuations may be at the upper end of the historic band, there could be some …
