Will it really improve the Tata aviation franchise? In many ways, it is a reversal of history. It was JRD Tata who pioneered the concept of Air India, which despite the brilliance of Bobby Kooka ended up in an awful financial mess. Tatas came back into Read more [...]

News Announcement Impact Analysis Crude oil prices end with losses for the sixth straight week The first triggers for a fall in oil price came from global slowdown fears and later by dilution of Iran sanctions Crude has lost nearly Read more [...]

The Nifty has gained nearly 600 points in the last 4 weeks even as crude oil prices have fallen by 24% in a little over a month. This has resulted in the rupee emerging stronger and reducing the pressure on the current account deficit. The dilution Read more [...]

Fitch has maintained India’s sovereign rating unchanged at BBB-. This is the lowest investment grade with a stable outlook. While Fitch expects 7.8% GDP growth in 2018-19, it expects the growth to taper after that due to a combination of weak financial Read more [...]

It was a day on which IDBI Bank reported losses of Rs.3602 crore for the second quarter. Over the last one year, IDBI Banks’ gross NPAs have shot up from 24.98% to 31.78%. Despite doubling provisioning for this quarter, the net NPAs are still at above Read more [...]

Tata Steel consolidated net profits for the second quarter jumped three-fold to Rs.3116 crore. Its EBITDA per tonne at Rs.19,000 was the highest level in 6 years. The company’s sales for the quarter were up by 34% at Rs.42,946 crore, largely driven Read more [...]

The markets came under pressure despite falling crude prices as concerns over global growth came back to haunt the markets. The loss over 100 points with a 1:5 A/D ratio clearly indicated at all round selling in markets. With the Dow down by over Read more [...]

CPI inflation for the month of October came in sharply lower at 3.31% while the IIP growth for September was marginally lower at 4.5%. The lower IIP was driven by weak growth in mining and manufacturing of capital goods. The flood situation had also hit Read more [...]