The International Monetary Fund (IMF) has cut India’s growth target by 30 bps for next two years. This could be a setback for the India growth story; IMF has downsized India’s GDP growth for 2020 and 2021 from 7.3% to 7%. IMF has pointed to subdued Read more [...]

It is rarely that you get to see the bluest of blue chips like HDFC, HDFC Bank, Bajaj Finance among other losing nearly 5% in a single day. From a macro perspective, it is never a positive sign when the drivers start losing value. Markets will Read more [...]

The real problem with the fiscal deficit may be on the revenue side and not on the spending side. Rathin Roy has warned of silent fiscal crisis in India in the coming years. A key member of the Prime Minister’s Economic Advisory Council (PMEAC), Rathin Read more [...]

The concerns over higher NPAs in some private banks and weak results expected from autos and FMCG companies have put pressure on the markets. The global situation in Iran is also getting geopolitically sensitive. Markets may be broadly concerned Read more [...]

There may finally be some real progress on the IL&FS probe as the SEBI widens its probe into the role of rating agencies in the fall of IL&FS. The regulator has expanded its probe after the investigation agencies pointed out to the alleged link Read more [...]

Iran could pose a significant risk to global commodity markets The Persian Gulf and the Strait of Hormuz is becoming the next big flash point in the Middle East situation. The problems started with the US imposing sanctions on Iran for not adhering to Read more [...]

Why are Indian bond yields falling so sharply in July During the third week of July, the 10 year benchmark bond yields touched a 20-month low of 6.25%. The last time these levels of yields were seen was in the last quarter of 2017; and that is a long Read more [...]

Why the government is justified in asking for a 5-year ban If the Indian government has its way, then Deloitte Haskins Sells (DHS) and BSR could be the first instances of auditors getting a 5-year ban. The government has already moved a petition in the Read more [...]