Inflation and IIP growth a positive; Trade deficit widens

Posted on June 15, 2019 by Achiievers

For a long time, the credit raters have been in the news for the wrong reasons; both in India and abroad. In India, the issue first came up back during Lehman crisis but Indian rating agencies really came under fire for downgrading Amtek Auto in a single Read more [...]

Why Mutual Fund side-pocketing is not taking off in India?

Posted on June 15, 2019 by Achiievers

In the aftermath of the crisis faced by debt funds holding bonds and CP of IL&FS and DHFL, the regulator decided to permit the side pocketing of debt funds. Here, the toxic assets in the fund will be hived off into a separate side pocket fund and Read more [...]

SEBI has gone ahead and tightened the credit rating norms applicable in India

Posted on June 14, 2019 by Achiievers

In the light of the IL&FS and the DHFL fiasco, SEBI has gone ahead and tightened the credit rating norms applicable in India. SEBI has prescribed enhanced disclosure norms for rating agencies after a slew of downgrades, especially in the NBFC sector. Read more [...]

The IIP growth for April 2019 comes in relatively healthier at 3.4%

Posted on June 13, 2019 by Achiievers

In the midst of all the GDP disappointments, there has been some positive news on the Index of Industrial Production. The IIP growth for April 2019 comes in relatively healthier at 3.4%, which was a relief after the negative IIP growth seen in the month Read more [...]

Government confirmed that the MOSPI uses accepted and test methodologies in measuring growth

Posted on June 12, 2019 by Achiievers

The Indian government came out and lashed out at the former Chief Economic Advisor, Arvind Subramanian, who had opined that India’s actual growth in GDP in the last few years could have been closer to 4.5% rather than the stated 7%. However, the Indian Read more [...]

Bad monsoons may result in poor sugar output in the state of Maharashtra

Posted on June 11, 2019 by Achiievers

Bad monsoons may result in poor sugar output in the state of Maharashtra but it may be good for the price. In fact, the State Government expects Maharashtra sugar output to fall 39.2% in the current season to 6.5 million tonnes due to delayed rainfall. Read more [...]

MARKETS ENTER INTO A TENTATIVE WEEK

Posted on June 10, 2019 by Achiievers

Markets enter a tentative week with the NBFC crisis still looming. This week we could see bigger write offs from DHFL lenders. This could keep the Nifty and the Sensex under pressure with selling at higher levels. Crude oil has tapered but there Read more [...]

Huawei is on the US blacklist

Posted on June 10, 2019 by Achiievers

There could be some hope on the trade war front as Trump hints at easing up on Huawei if China agreed for further trade talks. Huawei is on the US blacklist which prevents US companies from doing business with Huawei. This was done as a pressure tactic Read more [...]

Achiievers Connect Blog

Daily Stock & Share Market Updates

Month: June 2019