This could be the first of a round of mergers among PSU banks. Government triggered the process by proposing the merger of BOB, Vijaya Bank and Dena Bank. The idea of the merger is to make Indian PSU banks more scalable and competitive with a larger balance Read more [...]

The Nifty staged a smart recovery on the last two days of the week but it could be under pressure as the US intends to pursue its $200 billion worth of trade tariffs on China. That could gain raise the spectre of a global trade slowdown. There Read more [...]

Friday was almost a repeat of the Wednesday bounce, just a lot sharper. A combination of short covering ahead of a favourable rupee policy buoyed the Nifty to higher levels. The bounce was led by stocks in the financials, pharma and oil space. Meanwhile, Read more [...]

Has India once again been caught napping? When IL&FS defaulted on its ICD with SIDBI for the second time on Friday, the alarm bells surely started ringing. In fact the warnings were already out when IL&FS first defaulted on its ICD to SIDBI a Read more [...]

But will it change RBI’s interest rate strategy? Retail inflation as measured by the CPI inflation tapered to 3.69% for the month of August. That is a 10-month low and that is the good news. But will it really change the outlook of the RBI with respect Read more [...]

Measures announced are too generic and far-fetched The rupee rallied sharply over the week-end after a touching a low of 72.91/$ to close at around 71.85/$. Even the 10-year bond yield tapered on expectation that the weekend package to revive the rupee Read more [...]

On Wednesday, the Nifty managed a bounce ahead of trading holiday on short covering. The Hang Seng and the SET were up by over 2% while Jakarta and the Shanghai Composite were up by over 1% on Thursday. SGX Nifty has shown positive trend on hopes of a Read more [...]