The government on Wednesday laid out a clear and detailed roadmap for the recapitalization of PSU banks. The government has allocated over Rs.88,000 crore for the recapitalization of which nearly Rs.80,000 crore will come in the form of recap bonds. Nearly Read more [...]

There was little surprise on Tuesday as the Nifty decisively crossed the 11,000 mark and settled close to the 11,100 mark. Metals, banking, hydrocarbons and FMCG drove the markets higher during the day With stellar results in the quarter, Indiabulls Read more [...]

Addressing the plenary session of the World Economic Forum at Davos, Switzerland; Mr. Modi estimated that India would be a $5 trillion economy by 2025 implying an annual nominal growth of over 10% annually. Modi also underlined that India had abolished Read more [...]

The Nifty level of 11,000 now looks like a formality considering the momentum that the market has shown in the last few days. Consumer stocks have driven the markets higher ably assisted by private banks. Consumer stocks like Jubilant Foods, Hindustan Read more [...]

The NIIF managed by the government of India and Dubai’s DP World have set up an investment platform to invest in ports terminals, transportation and logistics business in India. The platform will invest up to $3 billion in these assets. The platform Read more [...]

Reliance Jio turned around to profit during the third quarter ended December 2017 even as operating profits grew by 82%. The big boost to the Reliance Jio numbers came from its ARPU of Rs.154, which was sharply higher than the Rs.123 ARPU reported by Read more [...]

Why the government needs to be actually worried… The trade deficit for the month of December came in sharply higher at $15 billion. That is nearly $2 billion higher than normal months. While the spurt in trade deficit is understandable due to higher Read more [...]

Major News Item Impact Analysis IDFC Bank and Capital First announce plans to merge in the ratio of 139:10 IDFC Bank gets the retail reach of Capital First while in turn CF gets the more solid balance sheet of IDFC Bank IDFC Bank Read more [...]