IIP growth for the month of February came in at 7.1%. The good news was that Manufacturing continues to grow at 8.7% even as electricity slowed down and mining saw negative growth. The return to growth in the manufacturing sector is probably the one good Read more [...]

With Donald Trump threatening to launch an attack on Syria, world markets were worried that the US and Russia may come into direct confrontation as Syria is an ally of Russia. Putin has already warned the US that any attack on Syria will invite counter Read more [...]

Manipal Hospitals, which had made a bid for Fortis Hospitals, decided to sweeten its bid after the market reacted negatively to the bid. Manipal has now raised its offer to buy Fortis Hospitals by 21% to make the bid more friendly for the shareholders. Read more [...]

The Nifty has bounced back sharply to the 10,400 mark but the conviction is still lacking in the markets. The overhang of the banking fiascos and the potential trade wars between the US and China will influence the markets. One can now expect quick Read more [...]

Two of the largest private sector banks in India are undergoing a major reputational risk over the quality of credit decisions and the potential conflicts of interest. In case of ICICI Bank, the Board has expressed faith in the CEO, although reports suggest Read more [...]

The stock of ICICI Bank has been quite volatile over the last 1 month since the conflict of interest issue first came out in the open. While the last word may not have been said, the real challenge for the group will be to manage the actual repercussions Read more [...]

Between July 2017 and March 2018, the yield on 10-year benchmark bonds in India went up 138 bps from 6.40% to 7.78%. In the last 10 days, the bond yields have fallen 60 basis points from 7.78% to 7.18%. The first trigger for the fall was when the government Read more [...]

The week is a data heavy week with the quarterly and annual results for the fiscal starting off. Additionally, there will be key macro data on the front of CPI inflation for March and IIP for Feb coming out this week. Watch for data action. The Read more [...]