When the stock markets open on Monday, the big question will be what happens to the SGX Nifty futures which will have to be eventually wound up by August this year. The decision was taken by NSE and BSE to protect the interests of the Indian market. However, Read more [...]

The budget is certainly one with a rural twist. From rural livelihood programs to free gas connections and electricity to a massive National Health Program, there is a lot in it for the rural masses. The price assurance to farmers at 1.5 times the cost Read more [...]

Against the best of hopes, the tax on LTCG did come in Union Budget 2018. Of course, the LTCG will only apply at 10% on equity and equity funds above the Rs.1 lakh profit level. That is hardly a consolation because when you book your profits after 10 Read more [...]

Despite some improvement in operating metrics, Air India reported a net loss of Rs.5700 crore for FY-17 as compared to a loss of Rs.3800 crore in FY-16. This loss is nearly 50% higher than the previous financial year. There was a provision of Rs.1150 Read more [...]

The RBI monetary policy maintained status quo on repo rates at the 6% level, along expected lines. The bigger worry for the markets was on the monetary policy guidance. The policy has guided for GDP growth of 6.6% for the full fiscal year 2017-18 but Read more [...]

When the RBI announces its monetary policy tomorrow, the consensus is on status quo on rates. With yields up sharply and the US likely to hike rates by 75-100 basis points during the year, the RBI will have little room for rate cuts as of now. However, Read more [...]

One of the key features of the Union Budget 2018 was the higher fiscal deficit guidance by 30 basis points. In fact, the 3% fiscal deficit target is being delayed by just about 2 years which is totally understandable as part of a larger counter cyclical Read more [...]