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Garware Wall at life time high

about 10 years ago

Garware Wall Ropes hit a life time high today at Rs.597 and continues to remain strongly in the green, up some 8% at Rs.589 levels. The market is thrilled with the company’s Q2FY17 performance. Its net sales rose 8% (YoY) at Rs.232 crore and managed to keep costs on a leash, increasing ...

THE GREAT WALL – TO BUILD OR NOT TO BUILD?

about 10 years ago

With President Trump issuing Federal orders to build a wall along the borders of Mexico, many have pursed their lips in disgust and rued at the ways of the world. But we adopt this “greater than thou” attitude, it is best to look inwards first. India and Pakistan have one of the longest barbed wire walls across their borders. Hundreds of miles of fencing and floodlighting between the two countries can be seen from space.

AIRASIA - A FLY ON THE WALL OR AN ELEPHANT ON THE STREETS?

about 14 years ago

Jet Airways and SpiceJet, both which were flying high for some time now seemed to have hit turbulence today. Both the stocks ended the day in the red.

CHEAP CHINESE LOANS - NEED TO BUILD A GREAT INDIAN WALL

about 13 years ago

But there is an ominous trend around these "cheap" loans. These loans are coming as a "packaged" deal. Anil Ambani, in the real sense, started the trend - he was amongst the first to borrow huge money from China, not once but twice. The first time was in 2011 when Ambani needed $1.9 billion to fund his 3G needs for Rcom. The loan came underwritten from China Development Bank and it was recorded

Glass Wall Systems

about 1 month ago

Good for ST
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Garware Fibres hits new high

about 2 years ago

Taking up the spot of top gainer on the BSE since the opening bell, volumes are up with current total traded quantity (TTQ) at 5700 v/s 2-week quantity of less than 1500.

CHINA'S REFORMS - A GREAT WALL COULD COME UP FOR INDIA

about 13 years ago

And therein lay the entire story for India. Today, the Indian markets are celebrating China's reforms but little heed is being paid to the direct repercussion to India or this downgrade by UBS, which could be a harbinger

NSG - THE CHINESE WALL SEEMS UNSURMOUNTABLE

about 10 years ago

The recent five-country visit by our PM was essentially about the NSG. And all reports, at least in the Indian media, say that it went very well and India could very well become a member. For common people like us, NSG means something to do with nuclear". That's all that we know. But what we learn today is that this membership is essential, a very big deal for India. China is not supporting our entry

Garware up over 11%

about 2 years ago

The stock opened almost 4.5% higher at Rs.337.60 and rose further to hit an intraday high at Rs.3564, up more than 11%. Its 52-week high is at Rs.3830.05.

RBI DOES THE EXPECTED - MAINTAINS STATUS QUO

about 12 years ago

Unless food inflation comes down, RBI would maintain a hawk watch. That was pretty much the writing on the wall and Raghuram Rajan stood by this. As widely expected by all, it was a status quo policy. There was no rate cut in repo rates and no tinkering with SLR or CRR.

ELECTRIC VEHICLES – HOW TO CHARGE YOUR PORTFOLIO?

about 7 years ago

The writing on the wall is very clear – the future is electric. We are all at the cusp of a major shift in the Indian auto industry. Change in the auto sector cannot happen overnight and what we are seeing today are the steps which would be taken over the next few years to go electric.

YES BANK – SELLING TRUST AT A DISCOUNT

about 7 years ago

Gordon Gekko says very famously in the iconic film Wall Street, “ It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.”

FEAR NOT THE TAPER!

about 5 years ago

Logically, a crash into a bottomless pit will not happen. Two factors support this belief. Firstly, when stimulus was withdrawn in 2010, the world economies were fragile, still hurting and nursing the wounds inflicted by the collapse of Wall Street. This time around, economies are showing signs of resurgence though Europe continues to limp and more importantly,

DVRs – NO ONE IS GIVING THIS CATEGORY THE GOLDEN GLOBE!!

about 9 years ago

Why would we buy a DVR when we can get the shares, albeit at a higher price but with the assurance of a better dividend and power to vote if anything is going wrong in the company? Also with Nifty excluding Tata Motors DVR, the writing on the wall is that maybe one day, BSE might do the same. Thus at this point of time, no one is truly giving a thumbs up to DVRs.

STRESSED ASSETS - LURE OF MONEY?

about 6 years ago

That explains why the subsidiaries of debt-ridden Reliance Capital have received such an overwhelming response, even in these pandemic times. Not one or two, or even 10, the subsidiaries have collectively received over 60 bids and list of bidders is dominated by global PE funds.

PRIVATE SECTOR TO BE THE “STIMULUS”

about 6 years ago

The point is that even if the Govt is not giving any meaningful stimulus, looks like the private sector companies that are doing well are bringing in the much-needed cheer. With Reliance signing up multi-billion dollar deals ever since the lockdown started, its good that the company, instead of rewarding itself with high dividends, is looking out for its employees.

TANKERS AHOY!!!

about 7 years ago

Someone making truckloads of money in this pandemic? Seems like a misnomer? Well, there are always two sides – loser and gainer. While the virus has rendered more losers than gainers, there is one sector which never ever had it so good. In fact when economy slows, this industry sags the most

LESSONS FROM WUHAN – FM, ARE YOU LISTENING?

about 7 years ago

Lockdown is a bold move and we all are proud that the leadership could be so decisive, putting health and lives ahead of economic consequences. But along with the closedown, the PM and FM have to come out with measures ASAP to avert a human crisis after the virus is gone.

BUFFETT’S LETTER – ANOTHER NUGGET OF WISDOM

about 7 years ago

Every year, on the last Saturday of February, Warren Buffett releases the much awaited annual letter to his shareholders. This letter is like a mini-crash course on investing and always packs in great nuggets of wisdom. The letter gives us an insight into his mind, his vision for the future and his overall perspective on the market and economy.

CARS THAT MOVE THE NATION

about 7 years ago

Unlike last year, where there was no major excitement and fervor for the Auto Expo show, this year, the mood is very upbeat. And that in itself should indicate the good tidings ahead as automobiles are indeed the wheels of the economy – they move, the economy moves.

GOVT NEEDS TO GET OUT, ASAP!

about 7 years ago

Why does the Govt need to be in most of the sectors that it is in – Air India, BSNL, MTNL and to put it really drastically, why so many PSU banks at all? Why not just SBI? If govt is deciding to disinvest in loss making or profitless institutions or operationally unviable enterprises, why not bring loss making banks

F&O – GETTING PHYSICAL!

about 7 years ago

Today, when the market ended, it marked the last series of F&O series where 45 stocks, which are very liquid and most traded in the derivatives segment, were traded for the last time ever under the non-physical or cash settlement category. And yes, the Nifty clocked the best F&O series in the last six months today.

SELL THE SILVER – IT WILL BRING GOLD

about 6 years ago

This and much more is what we hear following the Govt’s decision in this Budget to monetise assets, privatise banks and get out of PSUs where the Govt is not required to be. These PSUs were created at a time when India, after Freedom, needed that complete support of the Govt. That was the aim of the PSUs. Do we need them now?

US FED – RATES UNCHANGED, SIGNALLING CUT AHEAD

about 7 years ago

No one expected Powell to bend down to the pressure tonight and as widely expected, he held the rates steady while signaling that the rate cut might come in sooner than later. In the March FOMC meet, the Fed had made it very clear that there would be no change in the rates this year but maybe a 25 bps hike in 2020.

NBFC CRISIS – WHAT’S GOING ON?

about 7 years ago

Really, what exactly is happening in India Inc. For all media reports of its robustness and jumping higher in the Ease of Doing Business rankings, somehow it irks to see this crisis building up. Its more like a huge bubble, it has all the shades of a rainbow, glistening, almost cruelly in the sunlight. But the bubble has become so big that it threatens to burst any time now.

THE ANNUAL RITUAL OF BUFFETT’S ANNUAL LETTER

about 8 years ago

It’s a ritual which no Warren Buffett fan wants to miss – the annual letter accompanying the annual report of Berkshire Hathway Inc. Every year, the letter which Buffett writes to his shareholders is waited with a lot of eagerness. Apart from getting a peek into where his vision for the future lay,

US SHUTDOWN – 33 DAYS AND COUNTING…..

about 8 years ago

2013 was the first time ever that the world even heard about something like a “US Govt shutdown.” Who shuts down a Govt? Is that like a shop???? That was the incredulous sentiment all over. But fortunately, there was no shut down but we all got to know its existence.

THE GREAT TRANSACTIONAL AFFAIR BEGINS!

about 8 years ago

Beginning tomorrow, 22nd Jan till 25th Jan, Davos in Switzerland will be in the limelight; what with some of the richest and most influential people of the world congregating under one roof. Yes, the objective is to get the views of these global leaders on the most pressing problems of the world. But what we always get instead are many not-so-interesting views, no solutions to any of the issues; yet, what remains the most interesting aspect of Davos is the behind-the-scenes transactions

FED’s STATUS QUO ; NO DAZZLING FIREWORKS

about 8 years ago

Just as was widely expected, the Fed Reserve sat tight on the rates, keeping intact the promise of Dec meet being the one where another and last rate hike for 2019 will come. The overall tone of the Fed was upbeat while assessing the US economy.

GROWTH – COLLATERAL DAMAGE IN ELECTION YEAR

about 8 years ago

The timing is simply impeccable. Just a day after India celebrated its 71st Independence Day, India Rating (Ind-Ra), the 100% subsidiary of Fitch Group lowered the growth projection for the current fiscal (2018-19) to 7.2%. This is a cut of 20 bps from its earlier estimate of 7.4% GDP.

HONEY, ITS TIME TO WAKE UP!

about 6 years ago

It’s quite unnerving – to know that the honey, supposedly given the go-ahead by the Food Safety and Standards Authority of India (FSSAI) is adulterated. 10 of 13 honey brands, even those we “think” are conscientious companies - Patanjali, Dabur, Baidyanath, Zandu, etc have failed the sugar adulteration tests that are mandatory

CRISIS? WHAT CRISIS, ITS ALL GOOD!!!

about 5 years ago

This is so bizarre; we today have a crisis at hand, despite the Govt saying that its not a crisis. A coal shortage in a country where there is Coal India, the largest coal producing company in the world, is not just funny anymore. While states are sending out messages that there are right at the bottom of the coal barrel, the Govt says its not so.

ARCHEGOS –FAMILY OFFICES SPLIT WIDE OPEN

about 6 years ago

Almost every person we spoke to today first wanted to know what this “Archegos Capital” debacle was all about. And when we started explaining, the quick retort was, “Is this another Lehman crisis? Will it affect India?” That’s all – that’s the bottomline; if it impacts India then tell us the details or else, well, its ok not to know everything!

Kajaria Ceramics at new high

about 12 years ago

Ever since Kajaria Ceramics declared its Q1FY15 numbers, the stock has been consistently new highs. Today is no different; it hit a new 52-week high at Rs.639.90 and currently remains 2% higher over Friday’s close. The market is enthused with the numbers of Kajaria. The company, for cu ...

Euro Pratik has lakclustre listing

about 1 year ago

A new listing today and as was expected, wasn’t exactly trailblazing; as against the IPO price of Rs.247, it got listed on the BSE at Rs.273.45 and rose to Rs.279.55 but is now trading at Rs.251 levels.

Prince Pipes rises 16%

about 6 years ago

The stock price, which had hit the 20% UC yesterday at Rs.122.25, today, it rose over 16% to hit an intraday high at Rs.142.05.

Hindalco Inds falls almost 3%

about 8 years ago

Hindalco Industries fell almost 3% to Rs.210.70 and its 10% UC for today is at Rs.195.10.

Metal stocks shine bright

about 9 years ago

The metal stocks are rejoicing, leading the sharp jump back today. Jindal Steel, Hindalco, Tata Steel are among the top gainers. The entire BSE metal index is up in the green

Waterbase hits a new high

about 9 years ago

Thapar group company, Waterbase, which mainly makes shrimp feed hit a new high today at Rs.259.85, a straight 13% jump over yesterday’s close of Rs.229.55.

Vedanta in the red

about 9 years ago

Three days ago, Vedanta had hit a new high at Rs.334.50 and today it is down in the red at Rs.315, down some 1.5%.

Everest Inds builds up strong

about 12 years ago

Everest Industries posted a great set of numbers for Q4Fy15 and the market has rightly given it the thumbs-up today. With an almost 12 times rise in volumes, the stock is currently up some 13% at Rs.332 levels. A building solutions company, making roofing sheets, fibre cement boards and soli ...

BHEL tanks on provisional numbers

about 13 years ago

BHEL is not doing too well today, opening lower at Rs.181 and then slipping to intra day low at Rs.178.75, down over 2.5%. The market is disappointed with the flash results for FY14 which were put out by the PSU on Saturday. It said that its provisional net profit for FY14 was at Rs.3228 cro ...

SHIPPING – AHOY, AHOY! SAILING HIGH!

about 5 years ago

Thus when we read the news that the price of container shipping cost has skyrocketed, naturally, the first reaction is a sense of optimism. And it is only when you look deeper inside, you realise that there is more to this – yes, there is a surge in economic activity across the globe but the prices are driven northwards more on account of disruptions in supply chains as countries across the world rush to restock inventories

Oracle Financial falls as parent falls

about 13 years ago

Oracle Financial Services is the second top loser after TCS on the BSE. The stock which had closed yesterday at Rs.2907, opened higher at 2910 and even went on to an intra day high at Rs.2929 but soon slipped to the day’s low point at Rs.2820 and is currently around the same levels. Yesterd ...

Euro Pratik

about 1 year ago

Structurally Weak
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Asian Granito

about 20 years ago

Price Band : Rs. - to Rs. -
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PRICES CRASH!! STOCK UP!!!

about 9 years ago

The markets have taken a huge nose dive! The bears are baring their teeth and the bulls seem to be resting, after the relentless run over the past few months. Today’s crash of over 1000 points sent shivers down the spine. It’s like as though the BSE wants to outdo Dow’s crash yesterday of 1600 points. So the big question dogging everyone’s mind is – what is the reason?

Kusumgar

about 3 months ago

Niche Product Strength
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Listing Date : 15 Jul 2026, , Listing Price : 574

TAPERING – FINALLY ITS HAPPENING!

about 5 years ago

As we in India get ready to begin our four-day Diwali celebrations, the Federal Reserve in USA is getting ready for taper. The US Central Bank will begin reducing its asset buying by $15 billion/month from mid-November. This means the expansion of Fed’s $8.6 trillion asset portfolio will end by June’22

EK MARKET, ANEK KAANTE

about 5 years ago

There is a sense of unrest, a feeling of disquiet. The millions of new retail investors who believe that the stock market is a money printing machine, where making money is as easy as making Maggi, this ongoing fall of the markets for the past few days has created a lot of anxiety. Not able to understand why the markets are falling and finding it even more difficult to fathom when it will become ‘normal’ again, they are now waiting in the sidelines

HAVE WE ENTERED THE “ELECTION YEAR?”

about 9 years ago

It looks like we have now entered the ‘election year.’ Last time around, the elections were held from 7th April till 14th May and the results were declared on 16th May. Based on the assumption that the time frame for 2019 would be around the same dates, we are more or less, a year away from a new political picture emerging.

HAWKISH OR DOVISH IS THE QUESTION

about 9 years ago

The market has really not got no major trigger in sight and that’s why the Credit Policy of tomorrow holds such a tight grip on the sentiments. Every eye on Dalal Street is now trained on Urjit Patel – will he once again sacrifice growth for inflation? 95% of analysts feel that the RBI will maintain a status quo on the interest rates – there will be no change. But what could be more pertinent note is the stance of the RBI - hawkish or dovish.

A GOVT SHUTDOWN??? COULD HAPPEN ONLY IN USA!!

about 9 years ago

We have heard of shops shutting down or even schools/companies shutting down. But a government shutting down? And that too the US Govt? Unbelievable as it sounds, this is indeed one more brinksmanship politics or stalemate politics, call it what you may, which has really shut down the Govt for the past three days!

FINLAND - DOES NOT NEED ANOTHER NOKIA BUT MORE ANGRY BIRDS!

about 14 years ago

What if half the population of our country, or maybe, one state, was dependent on one single company? That would be preposterous as the shut down or recession at that one company could mean that the entire state could get drowned.

CRASH OF THE SENSEX - MAKING SENSE OF THE CARNAGE

about 13 years ago

So does this mean that we should take advantage of the carnage? Absolutely! For a trader, the situation is like quick sand but for an investor, this adversity could prove to be an opportunity. As we say always, take long term position in solid stocks. Buy in a staggered manner. Identify the strong portfolio/multibagger

GLOBAL CONFIDENCE MOVES TO INDONESIA

about 13 years ago

The survey has showed that global confidence has grown in the second quarter ended 30th June 2013 and people around the world are more optimistic about jobs, personal finances and spending intentions. Number one country on this survey was Indonesia, number two came Philippines and India was at number three. And right at the bottom of this survey was Portugal and Hungary

DOMESTIC AIRLINES - FASTEN YOUR SEAT BELTS!

about 13 years ago

AirAsia coming to India seemed like the best thing that could have happened to the sector in a long time. Today, we learn that the domestic airline carriers have appealed against the FIPB clearance to Air Asia, stating that the 49% FDI allowed in aviation was applicable

EASING OF QE - MARKETS WON'T FALL OFF THE CLIFF!

about 14 years ago

The US Federal Open Market Committee (FOMC) meeting starts today. As usual, there is a buzz around the meet and as has been since the past couple of years - the buzz remains about Quantitative Easing (QE). The only difference is this time around the expectations are not about QE4 but indications about easing out QE. The emerging markets have had the time of their life with QE1, QE2 and then QE3

UCO BANK - BOLD , WELCOME STEP OF 'NAMING AND SHAMING'

about 14 years ago

Call is sadistic pleasure or whatever; it was heartening to see one bank finally having the guts to take on the might of the big moneyed guys. UCO Bank is setting a trend. It issued an advertisement in the newspapers, with a picture of Nitin Kasliwal, CMD of S Kumars Nationwide Ltd (SKNL),

CYPRUS - THE SUSPENSE BUILDS UP, SO DOES THE UNCERTAINTY

about 14 years ago

Cyprus is small but could cause big trouble for the big Euro zone. In terms of GDP, Cyprus is the euro area's third smallest and accounts for less than 0.2% of the region's output. Trouble in Cyprus started brewing last year itself, when Greek went belly-up. It had applied for external funding last summer and that "help" amount has now grown to Euro 17.5 billion. Greece collapsed due to excessive leverage and a dysfunctional public sector and Ireland fell due to its real estate bubble and elephantine banking system. For Cyprus it is more

COPPER HAS 'BEAR' WRITTEN ALL OVER IT

about 14 years ago

On 1st March 2013, copper prices fell to its lowest levels since 16th Nov 2012. And post the current Cyprus debacle, risk has gone up and its May contract dropped to almost 3% at $7545/tonne and other metals, aluminium and zinc have also slipped below $2000/tonne.

WHY DOES LABOUR STRIKE IN INDIA'S AUTO SECTOR?

about 14 years ago

What is it about the Gurgaon-Manesar-Bawal belt in Haryana which seems be like a festering pool for labour stikes/unrest. Declared as the "auto hub" of India two years ago by the Govt of India, it houses almost all the Who's who of the auto sector - Maruti-Suzuki, Hero Motocorp and Suzuki Motorcycles and Scooters and scores of automotive ancillary units like Denso, Pricol, Ricco, Sona Steering, Minda, Omax, Jai Bharat Maruti.

IS MONEY COMING TO EMERGING MARKETS?

about 14 years ago

But it is the FIIs who continue with this affair with India, with the infatuation seeming to be intact. They have invested Rs.11,000 crore in the stock market and this is between 1st Oct to 19th Oct. The total FII investment in 2012 till date stands at a jaw dropping Rs.93,444 crore.

Q1FY14 GDP - MILESTONE TO MORE PAIN AHEAD

about 13 years ago

The coming months and quarter could get even worse as all action by the govt is now only on populist, social spend and less on industry. All measures are focused on only FDI but what about the domestic industry growth? Can FDI alone today help us grow? When you go to Big Bazaar, over 80% goods that you see there are 'Made in China'. So we also need to sit down and think as to where we are headed

SUBBARAO V/S BERNANKE - THE SAME DIFFERENCE

about 14 years ago

Both are different but there is a line of similarity running between the two. Given below, in a nutshell are the nuances of both the men. We cannot compare apples and oranges but certainly the characteristics of two fruits.

IS FDI THE ONLY WAY TO "ECONOMIC REFORM"?

about 14 years ago

One thread running common through most big bang reforms is - FDI. And this raises a big question - are today reforms only about FDI and only through FDIs? So are we confusing reforms with foreign investments? Or is it because there simply is nothing else which can be done?

DROUGHT - A BIGGER ISSUE THAN TEAM ANNA OR ECB OR US FED

about 14 years ago

When you watch the TV or read the newspapers - did you anywhere, even remotely get the feeling that India, which is primarily an agrarian country, is staring hard into the face of a drought? Do we know the impact of the word 'drought'?

FM's Parting Gift- A Damp Squib!

about 15 years ago

The market was kept on tenterhooks almost the entire day. There was a sense of suspension; All market activities were focused only on 1 thing - what would the FM announce? And after waiting the whole day through, disappointment is all that came in after the huge built up...

KEEP AN EYE ON - FIRST ECB AND THEN THE FED

about 15 years ago

There is really a very small section of analysts who believe that ECB could cut borrowing costs, which as such is at a historic low of 1%. Majority confer that, and rightly so, that the ECB meet will be status quo, no decision will be made. The ECB wants to convey to the EU...

WHITE PAPER ON BLACK MONEY - REMAINS UNDER THE TABLE

about 15 years ago

The biggest question was left unanswered - what is the estimation of black money in India? There was absolutely no 'official' word about it in the white paper. Well, this is again typical of the blundering UPA which always leaves things in the dark....

INDONESIA - THE NEW EMERGING ECONOMY

about 15 years ago

Indonesian economy is on the verge of a boom. The middle class is slowly but surely rising, there is more disposable income in the hands of the people, inflation and interest rates are stable and so is the economy. Domestic demand is itself so strong

THE WORLD WILL NOT END IF US HIKES RATES!

about 10 years ago

Today evening, at 7.30 PM, US Fed Chairman, Janet Yellen is scheduled to give a speech at Jackson Hole, Wyoming and the topic is 'Designing Resilient Monetary Policy Frameworks for the Future. It is NOT a Federal Reserve meet but the big hullaballoo is about "some indirect reference" to the timing of a rate hike.

TRYING TO CURE THE FEVER WITHOUT DIAGNOSING THE CAUSE

about 13 years ago

By the way, a quick truth - the markets on Friday crashed 769 points and it was largely blamed on FIIs. But the truth is that on that day, FIIs sold only Rs.563 crore worth of shares. So how could that have caused this massive fall? Net institutional selling activity, which includes FII and domestic institutional investors was at a paltry Rs.73 crore. Does this not mean that our very own traders, retail investors

WILL FIIs SCOOT FROM INDIA POST QE TAPERING?

about 13 years ago

We all know why the FIIs are selling - the inevitable QE tapering. By tomorrow night we expect to know the quantum and the time frame of the tapering and there is bound to be a reaction. So does it mean that FIIs will pack their bags and bid adieu and scoot from India? Unlikely. FIIs simply cannot afford to move out lock, stock and barrel out of India as the opportunity that the country presents it too good to ignore

IS EVERY FRAUDSTER A GENIUS?

about 9 years ago

One Indian-born American, Sundar Pichai, might be making us feel undeservingly proud. But there is one more Indian-born British, who is nothing less than a genius but used his brain unethically. He has shaken up the entire trading fraternity in the developed world. Navinder Singh Sarao.

HOTEL STOCKS - IT'S THE TIME TO DISCO!!

about 11 years ago

And today, one of the reasons why all hotel stocks are up in the green after such a long time could also be attributable to the optimism shown by Goldman Sachs. Yesterday, it has invested Rs.440 crore for a significant minority stake in Indian hotel investment and development firm Samhi Hotels which currently

FED – “SHRINKING” TO BEGIN NEXT MONTH; NO RATE HIKE THIS MONTH

about 9 years ago

The Federal Reserve did not disappoint. As was widely anticipated, apart from no hike in rates this time, the vote was for beginning the portfolio reduction from October. The vote was also for keeping the interest rate in the range of 1 to 1 to 1.25%, which in turn means that we are looking at a rate hike in December. And it has signaled three more rate hikes in 2018 and two in 2019.

SIKKA’ S RESIGNATION – WILL INDIA HAVE PROFESSIONAL CEOs?

about 9 years ago

The resignation of Vishal Sikka shook out everyone from the morning stupor. Many felt that this was news which was in the coming but to have it knock on the door, early in the morning today, took everyone by surprise. In many ways one could not help but think about Ratan Tata and Mistry. When Mistry left, everyone knew that Ratan Tata would be back

WHEN US FDA MEETS INDIAN PHARMA COMPANIES...

about 9 years ago

This is the thought which comes to mind when we read this news today about Biocon also being pulled by the ‘villain’ of Indian pharma companies – the U.S. Food and Drug Administration (U.S. FDA). The stock was down today as its Bengaluru unit has received ten observations on Form 483 by the FDA. This ranges right from nonconformity to procedures and lack of trained and skilled employees

GST RATES – MIDDLE CLASS CAUGHT IN THE MIDDLE AGAIN!

about 10 years ago

For once we all will remember Srinagar for more than just terror attacks and insurgency. It will be marked as the place where the most crucial aspect of the GST – the rates were brainstormed and finally fixed. Yes, yesterday, India moved a step closer to the July 1st deadline by fixing rates on 1150 items of the total 1211 in the GST basket.

BUFFETTS ANNUAL LETTER – NUGGETS OF GREAT WISDOM

about 10 years ago

Warren Buffett. The name evokes a sense of respect seldom felt for any investor. And it’s a name which transcends creed, race, country. More than his investments, it is the values which Buffett represents, as a human being, which set him apart. For those like us, who are into the stock market, Buffett is like a guide book

GDP Q3FY17 – NUMERICAL JUGGLERY TO MAINTAIN “FASTEST GROWING ECONOMY” TAG?

about 10 years ago

This was a shocker as one had expected some effect of demonetization to show up in these numbers. Most analysts had estimated the number to come in around 6% but coming in at 7% truly made one gawk and wonder what do these numbers actually indicate. Obviously now the analysts say that we will have to wait for the Q4 GDP numbers to reflect the true picture. Really? Most of the major consumption companies like...

BERKSHIRE 51st AGM - A FESTIVAL CELEBRATING BUFFETT

about 11 years ago

Omaha or 'Warrenland' is to Buffett fans what Orlando's Disneyland is to children. Berkshire Hathaway Inc or better recognized as 'Warren Buffett's company' held its AGM on 30th April in Omaha, Nebraska and it turned out to be as scintillating as it usually is, with some great Buffett quips and quotes. This AGM also marked Buffett's 51 years in running the company and even now,

THE EPIDEMIC OF LABOUR STRIKE IN AUTO SECTOR

about 11 years ago

What is it about the Gurgaon-Manesar-Bawal belt in Haryana which seems to be like a festering pool for labour stikes/unrest. Declared as the "auto hub" of India two years ago by the Govt of India, it houses almost all the Who's who of the auto sector - Maruti-Suzuki, Hero Motocorp and Suzuki Motorcycles and Scooters and scores of automotive ancillary units like Denso, Pricol, Ricco, Sona Steering, Minda, Omax, Jai Bharat Maruti.

THE CURIOUS CASE OF NAVINDER SINGH SARAO

about 11 years ago

One Indian-born American, Sundar Pichai, might be making us feel undeservingly proud. But there is one more Indian-born British, who is nothing less than a genius but used his brain unethically. He has shaken up the entire trading fraternity in the developed world. Navinder Singh Sarao. Have you heard of him? The Indian media has been uncharacteristically quiet about Sarao but in UK, he is a big deal.

TATA's TAKING TO THE SKY, VIA SINGAPORE AND MALAYSIA

about 13 years ago

The existing companies - Spicejet, Indigo and Jet are spooked as it is being perceived as increased competition. Air Asia has promised that it will bring down air fares like never before, in fact wants its air fares to be the biggest differentiator. There is even talk of the company offering vacant seats

OPEN LETTER TO MODIJI

about 12 years ago

Let me tell you right at the onset, this is not a letter about your one-year performance. No. I think one year is too short a time to judge you; maybe after six months? Your speech today at the Chinese University was truly impressive. Nothing surprising there, as this is your strongest skill. But Sir, you made us proud. While you were in China, I do not know if you heard the story

ARE WE OBSESSED WITH FDI AND FIIs?

about 12 years ago

You go to Big Bazaar, it is very likely that majority of the stuff, over 50% of what you buy/see there would have a 'Made in China' tag. You want to buy a TV? The choices are Samsung, LG, Sony? Local brand like Videocon? No one buys that and do we have local brands in TV anymore? EcTV, anyone remembers, the good ole'days of B&W TV where no choice made viewing so easy. McDonalds, Subway, PizzaHut and Dominos - everywhere around us we see only foreign brands.

MARKET IGONRES WPI AND LAGARDE; FOCUS ONLY ON YELLEN

about 12 years ago

The Wholesale Price Index (WPI) for Feb'15, for the fourth consecutive month came in the negative. It dipped to (-) 2.06% v/s (-) 0.39% in Jan and 5.03% (YoY) as prices of food articles, manufactured items and fuel products fell during the month. Inflation in fuel and power segment declined to

THE US FDA SCANNER - MORE GET UNDER

about 12 years ago

This is the thought which comes to mind when we read this news today about Ipca labs also being pulled by the 'villain' of Indian pharma companies - the U.S. Food and Drug Administration (U.S. FDA). The stock is the top loser today on news that the FDA has initiated action at the company's Indore SEZ plant and Ratlam API unit.

WILL THE MARKETS FALL OR IS THE FLOOR INTACT?

about 12 years ago

Almost all the metal stocks today are in the red and that is enough - the very same people who were talking about new, unbelievable and illogical new highs for the market are now urging us to run for cover. The doomsayers are back in action.

ALIBABA IPO - INVESTORS EXPECTING "KHUL JA SIM SIM!"

about 12 years ago

For many of us, Alibaba brought to mind an Arabic youth, who was blessed with crates of treasure when he stood in front of the cave and said the password, "khulja sim sim". And today, that Alibaba has nothing to do with this fable. This new fairy tale is about a Chinese boy

PSUs - A COMPLETE MAKEOVER REQUIRED

about 13 years ago

The talk about Coal India has now raised expectations of a 'revamp' of many other PSUs which are truly uncut diamonds. And like diamonds, they have also been categorized. Just as Emperor Akbar had accorded a status of Navratna to nine of his most prized and able ministers, the Indian Govt

RBI THROWS A GOOGLY - HIKES REPO RATE BY 25 BPS

about 13 years ago

This rate hike is keeping in line with the Urjit Patel report where the RBI is looking at a shift from WPI to CPI and priority remains price stability though the Governor did voice concern over the falling growth. The forward guidance given by RBI is dovish and this would be highly data dependent. A "dovish" stance means there are no aggressive undertones to the document. On the other hand, a "hawkish" tone would have meant the exact opposite

IT stocks get hit

about 8 months ago

Losers were led by Persistent Systems and LTIMindtree, while Infosys, Tata Consultancy Services and Wipro also traded materially lower; by around 10 am, the decline was still broad-based even as the headline Nifty was relatively steady.