BUSINESS
Comment | Tata Motors runs headlong into the Great Wall of China
Brexit, US tariffs, investments in future technologies, excess capacity and high cost structure are taking their toll on JLR.
BUSINESS
Comment | What’s the hurry with a rate cut?
Fiscal profligacy will surely come to bite if not in the run-up to elections, then certainly after a new government is sworn in.
BUSINESS
Franklin Templeton India Crisis: Comment | Debt mutual funds should learn from the past
If an entrepreneur runs a highly successful business, it doesn't necessarily follow that she will do equally well in a completely unrelated industry.
EARNINGS
Opinion | Is the lifting of PCA curbs on three banks premature?
There are risks looming in the form of delayed loan recovery and power sector defaults
INDIA
Opinion | Say bye bye to lower interest rates for now
This fiscal math is clearly shaky and it will have a market impact through increased government borrowings.
INDIA
Comment | What you should look out for in Budget 2019
The government is likely to address rural distress. Some are also talking about poverty alleviation schemes which could even include Universal Basic Income.
CURRENT-AFFAIRS-TRENDS
Opinion | Kochhar indictment a wake-up call for boards and victory for whistleblowers
The board failed in its duty by giving Kochhar a clean chit. Sitting fees and perks of members should be clawed back as well.
BUSINESS
Opinion | Essar Steel: Bankruptcy delayed is resolution denied
Many cases are embroiled in endless litigation and there isn’t enough institutional infrastructure to deal with this deluge. It's up to the government to boost institutional capacity and support the courts
BUSINESS
100-word take | Some tailwind for Jet Airways, but will it be enough?
A fresh equity injection and restructuring of debt is a necessary condition for Jet to continue flying. But it is not sufficient.
BUSINESS
Opinion | CBI FIR in Chanda Kochhar case raises more questions than it answers
The law will take its own course. But the board of ICICI, the government, RBI and CBI have a lot to answer for.
BUSINESS
Quick Take | SEBI’s snub to L&T buyback has its roots in IL&FS debacle
Consolidated numbers present a truer picture of a company’s financial strength and its liabilities. By considering consolidated numbers, SEBI has in a way nudged companies towards more disclosure, which will ultimately lead to better governance as well.
BUSINESS
Quick Take | Time is money. SBI's sale of Essar loans shows IBC has not learnt this lesson
A quick resolution is one of the key promises of the bankruptcy code. But that hasn’t happened in several high profile cases which are stuck in litigation.
BUSINESS
100-word Take | Time's running out for Jet Airways
Naresh Goyal has no option but to agree to cede majority control to woo the likes of Etihad.
INDIA
Quick Take | Off-budget financing: There's no such thing as a free lunch
Presenting a true picture of finances will also force the government to not stray off the path of fiscal prudence.
INDIA
100-Word Take | CBI: Who will guard the guards themselves?
Whosoever is appointed as the new CBI boss must, like Caesar's wife, be above suspicion.
BUSINESS
Quick Take | GST tweaks highlight that complicated structure needs to go
Current move may be good politics, but it also shows up shoddy implementation
INDIA
Opinion | When cows become white elephants
Often, policies with good intentions have costs and consequences not foreseen by policymakers
INDIA
Quick Take | PSU bank merger: When the government is a risk factor
Outright privatisation will be the best option for state-owned banks, but the least the government should do is consider overhauling governance and management structures.
INDIA
Quick Take | MSME restructuring will trigger new wave of NPAs
The MSME sector is clearly in stress after demonetisation and GST. But a loan recast is no solution. Simpler government regulations, structural reforms are key to MSME revival
BUSINESS
Quick Take | The worst’s over for PSBs, but the path ahead is still rocky
Bank profitability continues to erode and capital adequacy ratios are projected to come down. PSBs will continue to be hamstrung for growth capital for some time.
BUSINESS
Quick Take | End farm loan waivers; club farmer support schemes into basic income scheme
It’s well-known that farm loan waivers are nothing more than vote winning gimmicks and end up hurting the interests of farmers over the long term
BUSINESS
Quick Take | IIP numbers show growth tilting towards investment
In October, as in September, investment demand contributed more to economic growth than consumption did
BUSINESS
Quick Take | Political pendulum to keep markets swinging till Lok Sabha polls
For the Narendra Modi-Amit Shah combine, the message is that voters can’t be taken for granted and the electorate cares for issues such as economic growth and jobs
INDIA
Opinion | Urjit Patel's resignation a body blow to government credibility
Remember that Patel's is not an isolated case. His predecessor Raghuram Rajan had earned the ire of the same government and left because "there was no offer on the table."
