BUSINESS
Surprise, surprise! Mergers have actually worked for Indian banks
A new study by the Reserve Bank of India finds that, in the long-run, bank mergers are good for both the parties involved
BUSINESS
Warren Buffett on Berkshire's success: Not just smart investing but lots of luck
Buffett credits Berkshire’s success to not just smart investing but a lot to luck. For instance, Berkshire invested in insurance firm National Indemnity in 1967, the first step towards Berkshire’s well tested insurance bets, was a stroke of luck according to Buffett.
BUSINESS
Warren Buffett's secret sauce: Be a business picker, not a stock picker
Buffett said that Berkshire has been able to pick businesses that have been lasting value creators. He highlighted Berkshire’s purchase of Coca Cola in 1994 at the cost of $1.3 billion which now has grown to a value of $25 billion excluding yearly dividends.
BUSINESS
A war kindles the desire for an international Rupee, but the road isn't rosy
Fear of US sanctions has made some private sector banks wary. Even with Russia, there seems to be a reluctance to settle trade in Rupees of late.
BUSINESS
RBI has found its animal spirits even if the economy has not
The State of the Economy report in the RBI Bulletin says 'we believe that India will decouple from macroeconomic projections of current vintage and also from the rest of the world'
BUSINESS
Kotak Mahindra Bank’s Sonata acquisition a small step for more yield
Analysts believe the move will help increase its presence in North India and lift unsecured loans from 9% to the mid-teens.
BUSINESS
City Union Bank investors spooked by asset quality hit in Q3
The private sector lender’s performance did not live up to its past trend. Compared to its peers too, it lagged.
BUSINESS
How credible is LIC’s claim to stand tall sans tax crutch?
The low share of life insurance in the overall household savings is a testament to the fact that insurance in India is a push product that needs sweeteners such as tax exemptions
BUSINESS
How big or small is the trouble from Adani for bond markets? Ratings may decide
The biggest risk facing Adani Group is refinancing upcoming bond redemptions, both foreign and domestic. So far, the risk does not seem alarming to investors.
BUSINESS
MPC’s inflation fight easier than RBI’s quest for financial stability
With the government showing fiscal rectitude in its Budget for 2023-24, there isn’t any hurdle for the central bank in achieving price stability
BUSINESS
SBI Q3 result: Net profit surges 68% to Rs 14,205 crore, beats estimates
SBI Q3 result: The lender’s interest income rose to Rs 86,616 crore from Rs 69,678 crore in the same quarter of the previous year.
BUSINESS
Death of market-linked bonds leaves HNIs smarting, NBFCs in a lurch
Non-bank finance companies used market-linked debentures extensively to borrow at a lower cost from the market. Until now, the proceeds were treated as long-term capital gain and attracted a tax rate of 10%. Now, a 30% short-term capital gain tax will be applicable.
BUSINESS
Budget 2023: Why insurance stocks took a beating after FM's speech
Union Budget 2023: The finance minister pushed the new income tax regime that does away with exemptions on investments. She also announced curbs on exemptions involving high-value insurance policies
BUSINESS
Economic Survey 2023: From the CEA comes #WhyIamNotLosingHopeinIndia
The CEA’s optimism isn’t entirely misplaced, but there are also challenges and the economic survey falls short of lighting a clear path to handle these.
BUSINESS
Economic Survey 2023: Retail investors a tough crowd for debt issuance
Economic Survey 2023: Public issuance of debt securities fell 27 percent year-on-year for the April-November period even as the overall issuance of debt securities rose by 5 percent
BUSINESS
India Budget 2023: Motley divestment pack has little to look forward to
This is thanks largely to past unmet disinvestment targets. Even a behemoth like LIC couldn’t deliver on expected lines. This year too, the disinvestment target will be missed.
BUSINESS
Yes Bank’s AT-1 bonds legal battle may not give closure to bond holders
The legal battle about Yes Bank’s AT-1 bonds has big lessons for banks, regulators and the judiciary
BUSINESS
ICICI Bank Q3 Preview: Expect a robust all-round act; 29% net profit growth
Healthy growth in net interest income is expected on the back of double-digit loan growth and an expansion in the net interest margin.
BUSINESS
HDFC Life Q3FY23 Preview: Profitability to shine, growth outlook in focus
Company expected to post steady value of new business and healthy new business margins, two key metrices for life insurers. HDFC Life has been reporting superior NBMs for several quarters now.
BUSINESS
Budget 2023: Simplify taxes on investments without hurting markets
Worries that the government could increase long-term capital gains tax rates in Budget have emerged even as investors hope the rules are rationalised without bruising market sentiment.
BUSINESS
In Graphic Detail: Bank credit to industry rises, a lure for private capex
In Graphic Detail’ is a special series of data stories covering the Union Budget's key elements over a short and long-term period
BUSINESS
ICICI Prudential Life disappoints on Q3FY22 growth but offers robust outlook
For the October-December quarter, the private-sector life insurer reported a mere 3.3 percent YoY growth in new business premium. The company is now moving more towards mass and mass affluent growth from a policy of targeting high net worth individuals.
BUSINESS
With a cleaned-up book, IDBI Bank deserves privatisation success
The bank has made enough provisions for bad loans to ensure future profitability
BUSINESS
Q3 earnings preview: NBFC margins may shrink amid robust growth
Home and vehicle financiers are set to report strong disbursement growth even as the cost of funds rises sharply for most NBFCs
