A day after India imposed punitive tariffs on 28 items of import from the US, the markets reacted negatively. There was a general concern that a prolonged trade war would only put further pressure on the Indian economy. With the US expected to Read more [...]

For a government worried about falling tax revenues, here is some good news. Advance tax collections of Indian companies surge for the first quarter of FY-20 by 171% with the biggest centre of Mumbai recording a 133% growth in advance tax payments. Mumbai Read more [...]

The debate at the US Fed seems to have shifted from “how much higher to how much lower”. While the US Fed may not be hinting at a rate cut; indications are coming from the CME FEDWATCH tool. The CME FEDWATCH tool, which calculates implied probabilities Read more [...]

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 [...]

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 [...]

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 [...]

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 [...]