The Indian IPO market helped raise nearly $2 billion during the financial year 2016-17. It is estimated that in the coming year 2017-18, the IPO market will help raise nearly $5.5 billion worth of fresh money. IPO booms are nothing new to India. We have seen IPO booms in 1992, 1994, and 1999 and again …
Angel One has developed an AI system called ARQ that is designed to support people in their investments and meet financial goals. Mumbai: When Tony Stark is Iron Man, he’s usually on his own while battling villains and cosmic menaces. But he doesn’t fly solo. Anyone who saw the Iron Man movies will recollect that Stark’s suit was patched …
The minutes of the Monetary Policy Committee (MPC) held on August 01st and 02nd were published by the RBI on 16th of August. The MPC minutes essentially captures the gist of the discussions of the 6 members of the MPC and also their justification for the rate action recommended. Interestingly, there was a lot more …
The July update on the world economy released by the International Monetary Fund (IMF) on the 24th of July 2017 has some interesting insights from a macroeconomic standpoint. A few key highlights appear to emanate from the IMF monthly update. Firstly, the role of the US in driving the global growth is likely to be …
On June 21st, the Monetary Policy Committee made its minutes of the monetary policy discussions public. These MPC minutes are extremely valuable as they provide an insight into the thinking of each of the members. This MPC meeting came in the aftermath of weak GDP growth numbers in the aftermath of the demonetization as well …
Back in December 2016, the USD-INR was quoting at Rs.68.5/$. The rupee had weakened sharply in the aftermath of the demonetization drive and was threatening to convincingly break the lows of August 2013. Most currency experts and analysts were of the view that in Real Effective Exchange Rate (REER) terms, the rupee was already overvalued …
The IIP number for the month of June 2017 came in sharply lower at -0.1% compared to 1.7% in the previous month of May 2017. A correction in the IIP was expected in the month of June due to the impact of the GST launch, although it was not expected to dip into negative territory. …
The trade data for the first four months of fiscal year 2017-18 has followed a standard pattern. Exports have been on an uptrend but imports in each of the months have been growing much faster. In fact, the average monthly trade deficit has also settled at a much higher plane compared to what we had …
The core sector update for the month of June 2017 came in below expectations at a level of just 0.4%. As is well known, core sector accounts for 40.27% of the constituents of the IIP and hence a positive trend in the core sector is very important for a proper revival in the IIP numbers. …
With retail inflation coming in at just 2.15%, we have touched a 5-year low on retail inflation. Low inflation has largely been driven by negative food inflation in the month of May 2017. The impact of food inflation gets more pronounced as it constitutes nearly 50% of the overall CPI inflation. The chart below captures …
