BUSINESS
Xi Jinping’s marathon speech suggests more balanced growth in China, has positives for global economy too
Xi reiterated goal for achieving “moderately prosperous society” by 2020 along with an emphasis on structural reforms for almost every facet of the socio-economic set up. The implication here is for the “soft landing” of the Chinese economy along with reforms on both domestic and international fronts.
BUSINESS
Colgate: Weak volumes despite price cuts signal further market share decline
The falling market share for this single product category company keeps us concerned and we prefer to wait on the sidelines before we see any definitive signs of improvement.
BUSINESS
Bhansali Engineering gains from an improved pricing environment
The company reported another stellar quarterly results after it gained from elevated capacity utilization, improved product pricing and better operating performance.
BUSINESS
Bajaj Corp’s Q2 result: GST transition gets longer
Unlike the much talked-about ‘V’-shaped restocking and a scenario of supply chain normalization by Q3, the industry appears to be grappling with a slightly longer transition.
BUSINESS
Catalan independence could weigh on euro-dollar pair; US Fed rate hike also holds key
Catalonia’s impact on markets has been limited so far, but the political discourse in Spain bears close watching.
BUSINESS
Paints cos' fortunes under strain from trifecta of oil, China shutdowns & lower rupee
Prices of titanium di oxide (TiO2), the key raw material for paints, is firming up again on account of capacity shutdowns in China. Along with this, oil prices have added to the margin pressure for paint companies.
BUSINESS
Amazon’s slice-and-dice distribution offerings to see many more tie-ups
Amazon is banking on multiple levers to expand its reach. Hence, retail as well as FMCG players will see much more action in the coming days as the offline-online partnership gathers momentum.
BUSINESS
Political uncertainty in Germany could spark currency volatility near term
In the short run, the Euro could be choppy, tending towards weakness. Indian exporters to Eurozone should keep an eye on the unfolding political landscape and the monetary policy meetings later in October.
BUSINESS
Prataap Snacks IPO: Premium offering for a consumption growth story
Indian snacks industry is a secular growth story aided by demographics and changing food habits. There are a limited number of players riding on this theme and Prataap Snacks appears to be in the “right place at the right time” but not quite at the right price.
BUSINESS
US' interest rate policy remains on course despite temporary shocks from hurricanes
The US Fed’s continued stance on the policy rate normalisation is apparently positive for the US dollar, particularly with respect to emerging market currencies.
BUSINESS
Hurricane Harvey: Sunny for petrochemicals but rainy for plastic processioning industry
Indian petrochemical prices have recently firmed up which could impact plastic processing industries. In the meantime, stocks of the petrochemical manufacturers have benefitted from the tightness in the market.
BUSINESS
What’s in store for dollar-rupee exchange rate?
RBI might continue to intervene in the market to prevent appreciation that can cause incremental damage to the economy.
BUSINESS
Trump reforms: Banking deregulation gets centre stage as US Fed undergoes rejig
With the exit of US Fed Vice Chair Stanley Fischer, it creates four vacancies in the 7-member board of governors in Federal Reserve and gives enough leeway to President Trump to work on his banking reforms.
BUSINESS
Media companies could be looking at better days as FMCG loosens purse strings
While the current quarter is witnessing a speeding up of GST transition and restocking, improved ad spending is expected only in Q3 2017.
BUSINESS
Doklam done & terrorists named, but Korea and OBOR will ensure India watches China
The BRICS summit declaration provided an early victory for Indian diplomacy. Further, in the bilateral meet between Modi & Xi, China reaffirmed following principles of “Panchsheel” treaty and emphasized on not letting differences become disputes.
BUSINESS
Coke, Tatas watch out: Patanjali's bottled water plan could create a splash
Patanjali’s entry into water will be under the brand name “Divya Jal”. Never short of ambition or hyperbole, the group has set itself a sales target of Rs 1,000 crore for FY19 suggesting a grand execution plan
BUSINESS
GST Watch: In staples and durables, expect two quarters of supply disruption
