The ruling NDA suffered a minor setback in Karnataka as it failed to muster the numbers and the prospective CM of Karnataka had to make way for a coalition government at the centre. The markets could react negatively to the outcome over the weekend, although Read more [...]

RBI could interject with a 25 basis points rate hike… Most reports coming out ahead of the June credit policy appear to be hinting at a status quo on rates. The RBI has been expressing concerns over prices but the Monetary Policy Committee (MPC) has Read more [...]

There is likely to be greater clarity on the Karnataka issue after the Supreme Court Judgement on Friday but the real worry may be on the Brent Crude front which has crossed the $80/bbl mark after almost 3½ years. Steel stocks could be back in Read more [...]

On a day of interesting economic events, all eyes were on the Karnataka assembly outcome. While the BJP government in Karnataka has 15 days time to prove its majority, there is a Supreme Court hearing on Friday morning which will finally determine whether Read more [...]

The pitch has been finally cleared for the BJP to be sworn in as the ruling party in Karnataka, which is understandable considering that they are the largest single party. This should be a sentimental boost for the markets. While the BJP has 15 Read more [...]

The Karnataka Stalemate may have finally come to an end with the Karnataka Governor, Vajubhai Vala, inviting the BJP to form the government and prove their majority on the floor of the house. The Congress and the JD(S) have threatened to approach the Read more [...]

  The Karnataka election results threw up a split verdict with the BJP falling around 8 seats short of the absolute majority mark. To complicate matters further, the Congress party with 78 seats has agreed to support the JD(S) with 37 seats Read more [...]

Raises bigger questions about Indian home-grown businesses… In one of the biggest ecommerce deals, Wal-Mart bought a 77% stake in Flipkart for a consideration of $16 billion. This gave Flipkart an enterprise valuation of $21 billion. For quite some Read more [...]