Even as the Nifty has held on to the 10,500 levels, despite the PNB fiasco taking its toll, the big story will be the GDP estimates for the fourth quarter. Any estimate that is 40-50 basis points higher than Q3 will be a big push for markets. Reliance Read more [...]

Both ACC and Gujarat Ambuja have confirmed that the merger plan mooted in May 2017 is currently being put on hold. While the companies accepted that merger was the ultimate goal, they were averse to committing to a merger at this point of time due to Read more [...]

As trading commences in the final week of February, the data points to watch will be the Q4 GDP estimates, the PMI numbers for manufacturing, and core sector data for January and the auto sales data. Additionally, the rupee movement will also be closely Read more [...]

The Monetary Policy Committee (MPC) minutes were made public on 21st February. This refers to the detailed discussion of the members of the MPC ahead of the decision to maintain status on rates in the February monetary policy. With inflation way above Read more [...]

Even as the RBI has come under criticism for its audit of PNB books, the central banker has gone ahead and appointed a high powered committee under eminent tax expert, Y H Malegam, to look into the reasons and prevent such frauds in the future. The committee Read more [...]

Since the beginning of February, FPIs have been on a selling spree with net sales of over $1 billion. This is a stark contrast to the $2 billion of FPI money that flowed into India in the month of January 2018. With US unemployment getting closer to 4.1%, Read more [...]