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 [...]

Four days after the Union Budget 2018, the overhang of the LTCG continues. The Sensex touched a 3-week low on Monday even as the equity indices fell for the fifth day in a row. Banks and capital goods took the worst hit while auto appeared to hold up Read more [...]

Will the carnage end on Monday is the big question. A lot will depend on whether there is any clarification on LTCG by the FM. Obviously the 31st March deadline is putting pressure on investors to push sales. On Friday there was selling from big Read more [...]

Sterlite Power plans to invest close to Rs.66,000 crore ($10 billion) to expand its power business in the domestic and the international markets. Sterlite Power sees immense potential in the transmission business especially after the government opened Read more [...]