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 [...]

Markets saw some unwinding of positions on Wednesday after the short covering in rate sensitives started tapering. The trade war position only appears to be getting worse and UK appears to be moving towards a no-deal BREXIT. Brokers are estimated Read more [...]

In a bid to boost economic growth, the government eased foreign investment norms in a plethora of sectors. The government allowed 26% FDI in digital media and 100% foreign ownership in coal mining and fuel sales. It also allowed 100% FDI in contract manufacturing Read more [...]

Even as the markets celebrated the massive transfer of funds from the RBI to the government, the market did pare its gains on global concerns. The trade war is just get worse and Iran has refused to sit on the negotiating table with the US. The Read more [...]