Is Warren Buffett right about the fiscal deficit and what effect will it have on the markets?
Investors seem to be betting that they will have the best of both worlds -- the markets will rally on stronger growth, but if growth disappoints, they will rally on rate cut hopes
Closing Bell: Sensex, Nifty end flat; Kotak Mahindra Bank, TCS soar, Titan, SBI slump
Among sectoral indices, the Nifty Realty index jumped 2.76 percent. Among losers, Nifty PSU Bank index dropped 3.66 percent, Consumer durables, oil & gas lost 2.55 percent and 1.75 percent respectively.
The Reading List: May 3, 2024
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
Biden, BP and the high-stakes sequel to deepwater horizon
The British petroleum giant is back in the Gulf of Mexico as the US gets stuck between the black stuff and going green
Not even Elon Musk can doom the EV charger network
The decimation of Tesla’s Supercharger team is a blow to Biden’s electric-vehicle ambitions but won’t throttle them
Dabur’s rural thrust pays off
The FMCG company’s sales growth in rural markets trending ahead of urban markets is in contrast to the rural slowdown story playing out in the sector
Mohamed El-Erian: Jay Powell’s dovishness is right, but not for the reasons he believes
Fed is unlikely to get to its 2% inflation target unless it is willing to impose major damage on the economy
Are Kotak Mahindra Bank’s problems transitory?
The regulatory woes may be transitory, but investors will want to see proof that its long-term potential under its new management is intact
SEBI, NFRA together an effective force against accounting irregularities in listed companies
A recent order by the capital market regulator shows reliance on the accounting regulator’s report. Company finance executives, audit committees and even boards should take note
Is a FinTech, finance or technology entity?
The current landscape highlights a fintech's capacity for creativity and innovation, resonating with consumer preferences through novel engagement strategies and tailored financial services
Well-run SFBs can look to shed the 'small' tag
While only one small finance bank meets all the criteria for conversion to universal bank in FY25, others may become eligible by FY26
Inheritance tax is not anti-wealth creation
The existence of an inheritance tax has not deterred wealth creation in the countries which have them. Take the UK, which has one of the highest estate duties on paper in the world. The 40 percent tax has not deterred wealth creation in the country
India has a lot going for it: Lakshmi Iyer of Kotak Alternate Asset Managers
The top fund manager rules out any aggression in terms of rate cuts and sees rates at around these levels longer
Chart of the Day: Are rates high enough to boost deposit growth?
Despite deposit rate hikes, growth in deposits hasn’t increased yet. While some banks believe that deposit rates may have reached a peak, perhaps a few more lenders may have to hike further to lure funds
Startup Street: The emerging B2B e-commerce surge in India
Successful players employed a cluster-based expansion approach with a feet-on-street salesforce and by leveraging institutional clients for large and repeated orders
Musk, Tesla, India and China
A Tesla investment announcement for India would have been exceedingly welcome but in the larger scheme of things, Musk choosing to rush to China while cancelling a long-planned trip to India is perhaps less important than most people realise
Godrej family settlement basically an extension of the status quo
The amicable settlement between the branches of the Godrej family brings clarity for shareholders
Battery storage remains a complex task for India
China dominates by accounting for half of battery use in the energy sector. India is constrained despite fiscal support and decline in costs. Issues like land acquisition remain
Chart of the Day: Corporate revenue growth slackens over three straight quarters
After moderating in FY24, revenue growth rate on an annual basis is expected to inch up from 8 per cent in FY24 to 9-10 per cent in FY25
Berkshire after Buffett: Can any stockpicker follow the Oracle?
Ted Weschler and Todd Combs stand to take over a $354bn portfolio from the world’s best-known investor
New capacities to help hospitals outpace pharma in FY25
While hospital chains are expanding capacity at a healthy rate, key growth drivers of pharma companies are showing signs of moderation
Decoding Economics | The impact of monetary policy on stock markets
An RBI research paper studies the impact on the Indian stock markets of policy rate changes and of central bank communication on the future path of monetary policy
Kotak Mahindra Bank’s Kashyap warns of irrational pricing in SME loans
Loan mispricing is continuing in corporate lending, especially in the SME space now, says Paritosh Kashyap. Even though Kotak Mahindra Bank wants to disproportionately grow its SME book, but it wants to wade carefully here.
Will Netanyahu defeat Biden in the November US presidential elections?
For Biden to placate young voters, he must be seen to play peacemaker and bringing both Israel and Palestine closer to a two-state solution.
The ‘build or buy’ copper maths that could guide BHP’s bid for Anglo
As building mines gets harder, the time needed to produce cash flows is daunting
