As is the normal practice, the Monetary Policy Committee published its minutes of the discussion leading to the Monetary Policy on 08th February. It may be recollected that in the Feb 08th policy, the MPC had chosen to maintain status quo on rates. This was contrary to market expectations as the equity and bond markets …
The markets have been rife with expectations of ONGC taking a stake in HPCL eventually culminating in a full-fledged merger of ONGC and HPCL. In his Budget speech, Arun Jaitley had spoken at length about creating an oil behemoth which could take on the global oil giants in terms of size and influence. So how …
The Q3 estimates for GDP were, probably, the most awaited statistics in the last few months. That is hardly surprising! The Q3 GDP growth refers to the Oct-Dec 2016 period when the Indian economy had to put up with the pain of the demonetization exercise. Demonetization had created a liquidity crunch across most urban and …
In what could be good news for the Tata Group and for the investment climate in India, Tata Sons and NTT DoCoMo of Japan have agreed to settle their long standing dispute out of court. In fact, the Tata-DoCoMo dispute had assumed larger proportions under Cyrus Mistry and the way the NTT DoCoMo case was …
The SEBI board meeting on February 11th had some important takeaways for the Indian capital markets. SEBI’s detailed plan of action for 2017-18 is critical as it could have long term positive repercussions for the Indian capital markets. More importantly, the SEBI Board laid out the broad regulatory agenda for the capital markets for the …
Ok, here is a small quiz! When was the last time that the stock of Reliance Industries was up by over 11% in a single day? In case you are not aware, the last time the stock saw such a sharp move was in May 2009, a day after the ruling Congress coalition was voted …
At its board meeting on February 20th, the Board of TCS approved the buyback of 5.61 crore shares subject to a maximum outlay of Rs.16,000 crore. That means TCS can buy back the shares at a maximum price of Rs.2850. Normally, buybacks are done through any of these 3 methods viz. Proportionate Tender Offer to …
The Cabinet has approved the merger of five of SBI subsidiaries into SBI which will create a banking behemoth in the PSU space with assets in the range of nearly Rs.30 trillion ($450 billion). This will be instrumental in bringing SBI in the list of Top-50 largest banks in the world. Of course, in terms …
Along expected lines, the CPI inflation for the month of January 2017 came in lower at 3.17%. This compares favourably with the 3.41% CPI inflation reported in the month of December 2016. What exactly are the key takeaways from the inflation numbers? More importantly, what does that imply for the rate outlook of the RBI? …
As the media continues to speculate on the perceived differences between the Infosys Board and its founding members, the Infosys management hosted a press conference to address some of the key queries that have been doing the rounds in the electronic & print media as well as the social media. Overall, the press conference was …
