MARKETS
In crude's Russian roulette, India among top 3 losers in Asian economies
India, Thailand and Philippines would be big losers as the ongoing Russia-Ukraine conflict drives up prices of oil and other commodities.
MARKETS
RBI’s bird in hand is forex swaps but watch out for premium
The sell-buy foreign exchange swaps announced by RBI sit well in the current context of surplus rupee liquidity and the exchange rate needing support amid global volatility.
BUSINESS
Without ECLGS crutch, small borrowers cannot walk straight
A more stable environment for MSMEs depends on their large clients paying on time and demand conditions improving, meanwhile leaving them dependent on subsidised credit
BUSINESS
HDFC stock: What lies behind the underperformance?
HDFC’s shares have dropped 11 percent in the past six months as against the 4.4 percent gain in the broader Nifty 50 index. In fact, consumer goods lender Bajaj Finance's valuation briefly crossed that of HDFC earlier this week
BUSINESS
Beyond size, LIC’s profitability is a mixed picture
LIC’s size gives it an outsized advantage against private sector insurers in sustaining a steady earnings trajectory. That said, it also prevents the insurer to orchestrate changes in business.
IPO
LIC IPO: Why LIC’s embedded value surged in just six months
LIC had a single consolidated Life Fund wherein it held its surplus. The small step of bifurcating this fund into participatory and non-participatory funds has boosted its EV.
BUSINESS
RBI’s love for bonds is a Wordle the market can’t crack
While the dovish policy has dragged yields down, it is would be hard to keep them suppressed, considering that most other factors are hostile currently
ECONOMY
What is behind RBI’s sense of comfort on inflation?
The RBI estimates headline retail inflation to average 4.5 percent in financial year 2023, compared to forecasts of 5 percent or above by private economists. Moneycontrol dissects the likely reasons for the central bank’s sanguinity.
BUSINESS
What will a digital rupee replace?
There’s been enough excitement around a central bank digital currency (CBDC) for India since the finance minister announced in the Union Budget that a digital avatar of the rupee is in the offing in FY23. But before rushing into a digital rupee, it is imperative to answer this question—what will a CBDC replace?
BUSINESS
Payments business remains the most profitable, says Paytm CFO Deora
Payment services to merchants and consumers earned Paytm more than Rs 1,000 crore of revenue in the third quarter of the financial year, says chief financial officer Madhur Deora. “Nobody does Rs 1,000 crore revenue in India fintech today,” Deora said in an interview.
BUSINESS
SBI results offer some signs and a lot of hope for economic growth
Intentions to borrow have increased, as the bank is sitting on a sanction stack of close to Rs 4 lakh crore
BUSINESS
MPC Meet | What did the Budget change for the RBI policy?
As against a consumption-driven budget that put money in the wallets of Indians to spend immediately, the budget was investment-driven.
INFOGRAPHIC
Govt is shooting itself in the foot with borrowing binge
The government will have to use nearly half of its net tax revenues towards interest payment of its past borrowings, an unproductive expenditure
MARKETS
As Budget 2022 sledgehammers with high borrowing, bond market fumes
For the bond market, Budget 2022 has been a double whammy—high market borrowing and the absence of indication of inclusion in global bond indices
MARKETS
Budget 2022: Bond market gets a steep bill from government
Budget 2022: The gross market borrowing for FY23 is a record Rs 14.95 lakh crore, which will pose a big challenge for the bond market.
BUSINESS
Economic Survey 2022: Is the FY23 GDP growth forecast rosy or realistic?
If the government is keen on helping GDP grow by 8 percent and above, it would have to keep up its fiscal support through both revenue and capital spending. That could make fiscal consolidation difficult.
INDIA
Economic Survey 2022: India is well shielded from any possible taper tantrum
The combination of high foreign exchange reserves, sustained foreign direct investment, and rising export earnings will provide an adequate buffer against possible global liquidity tapering in 2022-23.
BUSINESS
Will Unity SFB be able to unite PMC Bank depositors?
PMC Bank depositors have been severely wounded financially due to the long wait to get back their money. What’s more, a section of them believes the amalgamation scheme is a pyrrhic victory
INFOGRAPHIC
In Graphic Detail: It is time jobs become the centre of Budget
A lion’s share of employment generation in India is in the informal sector. Even as jobs have been lost, there has been greater formalisation of the economy with big companies gaining more market share and pushing out small firms.
BUSINESS
Budget 2022: One IPO to decide fate of divestment for two years
The LIC stake sale is key to meeting divestment targets and the government’s privatisation plans may get a push only after assembly elections.
BUSINESS
Budget 2022: Investors brace for another year of high bond supply
The government will need to borrow a minimum Rs 4.5 lakh crore to repay past loans, apart from continued spending to support an economic recovery
BUSINESS
In Graphic Details: A brief history of government borrowing
In graphic detail is a special short data series covering the Union Budget’s key elements over a long- term period.
BUSINESS
ICICI Bank is a darling of investors, what could go wrong?
ICICI Bank saw a 25.4% rise in net profit in Q3 but what stands out is that the growth comes from an 18 percent increase in core interest income unlike other banks where lower provisions have been the primary boost
BUSINESS
Budget 2022 | Implement old promises for banks before making new ones in the Budget
The start of the bad bank’s operations is stuck due to differences regarding its structure
