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 [...]

The liquidity crunch in the system finally took its toll on the markets as the Sensex lost nearly 320 points after 3 days of rally. The FM confirmation that FPIs will be taxed like the super rich also did not go down well with the markets. The Read more [...]

With the rising divergence between bank NPAs and RBI calculations, SEBI has tweaked disclosure norms for listed banks in India. The new disclosure norms for listed banks put out by SEBI pertains to divergence in provisioning for bad assets. This has been Read more [...]

The financials contributed to further upsides but the A/D ratio for the Nifty and for the market as a whole was negative. The next few days could be critical as the market faces global and local headwinds. Markets are building expectations of 50 Read more [...]

There appears to be new complications arising in the case of Jet Airways with Banks now seeking more elaborate forensic audit of the books of Jet Airways. Banks that lent money to Jet Airways have now approached Ernst & Young for a more elaborate Read more [...]

On a day when the markets showed positive undertones, the domestic and global risks continued to weigh on the markets. IT stocks continued to be under pressure as TCS reacted negatively to the weak margin numbers for first quarter. Pharma could Read more [...]

Not this 2019, but now SKYMET projects that even the next couple of years could see weak monsoons. Predicting the vagaries of monsoon has never been an easy task and private sector, SKYMET, has gone ahead and forecast a weak monsoon for the next 2-3 years. Read more [...]

How the CPI and IIP data point towards a likely rate cut by RBI The Ministry of Statistics and Program Implementation (MOSPI) announced the CPI inflation and IIP growth during the week. While the CPI inflation came in slightly above expectations, the Read more [...]