Last few days have been all about growth concerns. GDP growth for June quarter fell to 5%, core sector was slower at 2.1% and the PMI Manufacturing also turned up at a 15-month low of 51.2. That could be an overhang. Auto stocks could be under Read more [...]

The hints of an economic slowdown are now giving multiple confirmations. After weak GDP; Core Sector, PMI Manufacturing and auto numbers hint at slowdown. After the June quarter GDP came in at a 7-year low of 5%, the PMI manufacturing also touched a 15-month Read more [...]

Generous export subsidy for sugar may only solve half the problem The cabinet last week approved a huge sugar export subsidy of Rs.6286 crore for sugar mills to export sugar. Cost of producing sugar in India is substantially higher than in countries Read more [...]

Is NHAI debt the next big headache for banks and the centre? The worsening debt situation at the National Highways Authority of India (NHAI) was being spoken about in hushed tones for long. But it may not have become apparent if the PMO had not summoned Read more [...]

Bank mergers were long overdue but it also poses challenges With a sweep of her pen the Finance Minister reduced the number of PSU banks in India from 10 to just 4. Large banks like PNB, Canara Bank and Union Bank became the acquiring banks. The merger Read more [...]

News Announcement Impact Analysis Real GDP growth comes in sharply lower at 5% for June quarter This is the lowest quarterly GDP growth in the last 7 years and was led lower by agriculture and manufacturing The weak GDP growth in Read more [...]

Even as the market had a bad F&O closing this month, the Friday trading should start on a positive note. China has hinted at a likely rapprochement over trade talks and the US has shown good consumption growth despite weak GDP. Another big Read more [...]

The RBI annual report has pegged the year-end Gross NPAs of the banking sector at 9.1% for FY19. This is 210 basis points lower than the 11.2% recorded in FY18. This was largely driven by reduction in fresh slippages and better recoveries; thanks to NCLT. Read more [...]