The government will not aggressively recapitalize PCA banks. The government announced Rs.48,329 crore recapitalization plan for 12 PSU banks; most of which will be pumped into PSU banks under prompt corrective action (PCA). The government will infuse Read more [...]

Despite the forex and the money markets being closed on Tuesday, the equity lost most of their gains towards the end of trading. In fact, the Sensex lost nearly 500 points from the peak of the day on flat A/D ratio of 25:24. Tuesday should come Read more [...]

The sustained fall in the market indices continued on Tuesday too. Sensex lost over 500 points from its peak on Tuesday and the correction was really disappointing as it came after a very strong start. Tuesday marked the ninth successive day of corrective Read more [...]

The sharp correction in the Nifty on Tuesday marked the 8th successive corrective session making it the longest spell in over 5 years. The markets were spooked by higher crude prices and domestic liquidity and profit concerns. The weak profit growth Read more [...]

It looks like the government may finally have its way on the subject of dividends from RBI. The RBI has paid Rs.28,000 crore interim dividend to the government ahead of elections. The government had been looking at sources of funds to finance its Rs.20,000 Read more [...]

There finally seems to be some respite for the beleaguered ADAG group as Anil Ambani manages to reach a Standstill Agreement with creditors.  ADAG has reached an in-principle agreement with nearly 90% of its lenders not to enforce security and not to Read more [...]

Time to get after the stakeholders who precipitated the fall of IL&FS The Parliamentary Panel on the IL&FS fiasco has made some scathing remarks about the role of LIC in the IL&FS story as well as the role of the credit rating agencies. It Read more [...]

The devil of pledged shares actually lies in the details In the last few weeks, we have seen a number of large companies getting hit by the sale of pledged shares. This is not the first time it has happened and has been seen before too. But the magnitude Read more [...]