The big news on Thursday was the Rs.74,000 crore write off by Vodafone and Bharti Airtel against their dues to the DOT over the AGR charges. This is likely to weigh on market sentiments on Friday. With a slowdown in Germany and in China industrial Read more [...]

Two telecom companies recorded the largest loss in Indian history. Bharti Airtel reported an Rs.23,045 crore loss for September quarter, even as Vodafone Idea reported net loss of Rs.50,922 crore in Q2. In a record for the Indian corporate sector, Bharti Read more [...]

The sharp weakness in the Indian markets on Wednesday was driven by weak growth and the prospects of higher inflation, which eventually turned out to be justified. The weak IIP numbers followed by GDP downgrade for the second quarter led to the market Read more [...]

The markets corrected sharply on Wednesday on the back of major growth concerns with most financial institutions pegging Q2 GDP growth at closer to 4.2%. Trump’s ambivalence also contributed to the weak sentiments in the market. Inflation could Read more [...]

The Moody’s outlook downgrade of India and the global economy is likely to weigh on the Indian markets on Wednesday. The impasse in Maharashtra will also be negative as it continues to be the hub of the financial sector in India. After Nomura, Read more [...]

The role of rating agencies in exacerbating the IL&FS crisis has come under the lens as SEBI takes a dim view of the role of rating agencies role in the case. SEBI has come down heavily on rating agencies for their role in the IL&FS crisis. IL&FS Read more [...]

Stock markets are likely to take support from the Ayodhya verdict over the weekend with markets expected to show positive moves on the back of greater certainty. However, the Maharashtra outcome will hold the key. The latest Nomura estimates that Read more [...]

MF flows in October showed a clear return of the debt funds but Mutual Funds flows into equity and ELSS funds were 50% lower than last year. Overall inflows into active equity funds and ELSS in October 2019 stood at Rs.6,489 crore, down 50% on a YOY basis. Read more [...]