The Enforcement Directorate (ED) is likely to seek immediate confiscation of Nirav Modi’s assets under the Fugitive Offender’s Ordinance. The ED still needs an official declaration of Nirav Modi as a Fugitive Offender; post which it can attach Read more [...]

Why it is a bad idea to begin with… The government recently came up with an idea to impose a special cess on ONGC when the global Brent Crude prices cross $70/bbl. The logic is that higher crude prices mean higher profits for oil extractors like ONGC Read more [...]

Could it really get much worse from these levels? A recent report by HSBC underscores the risk of higher capital outflows from equity and debt. FPIs have been net sellers in the last couple of months. In the month of May alone, FPIs have sold over Read more [...]

The Nifty recovery on Thursday was driven by IT stocks like IT and Infosys and the INR weakened and the benefits directly flowed to the IT companies. However the US-Korea standoff is likely to make matters worse for Indian markets. The government Read more [...]

The stock of ONGC tanked by 11% on Thursday on the back of the proposed windfall tax proposed by the government of India. With the sharply higher price of crude oil in international markets, the domestic price of petrol and diesel has also gone up Read more [...]