MC Pro Quick Take: Sun Pharma’s US sales outpace Dr Reddy’s, Cipla in Q3
Sun Pharma’s specialty drugs business continue to grow at a brisk pace, helped by ramp-up of key products
The Chinese transformation of Hong Kong is almost complete
As Westerners are leaving, professionals from the mainland are taking their place. Hong Kong overtook Switzerland to become the world’s largest cross-border financial centre last year, as a result of the inflow of Chinese wealth. All of this further emphasizes the city’s dependence on China, and its transformation into another mainland city
MC Pro Quick Take | Has Maruti's margin expansion peaked?
Q3 was good but stiff competition in PVs and rising input costs could turn into headwinds in coming quarters
Moneycontrol Pro Panorama | Oil squeeze
In today's edition of Moneycontrol Pro Panorama: Evergrande crisis not a big deal, most investors know Budget is a stock market trigger, Finance Minster's excellent fiscal record, government to focus more on agriculture sector, and more
How the Finance Commission can be strengthened
Much of the work and legacies of previous Finance Commissions is getting lost because it isn’t a permanent body. Administrative difficulties also abound. A provisional solution is to turn the Finance Commission Division (FCD), as the custodian of FC records and responsible for its award implementation, to be turned into full-fledged department, serving as the permanent secretariat for the Finance Commissions
Mahalaxmi Racecourse: Is it the end for Mumbai’s biggest open space?
It sounds like a simple and straightforward idea that should be acceptable to all. But it isn’t. The Racecourse opposite the sea is the last major open space for the public.
Musk loses $55 billion, but there’s a lot more at stake for Tesla
The billionaire has issued a thinly veiled threat to take his best artificial intelligence-related ideas elsewhere unless he was granted another giant slug of Tesla stock. With a US court voiding a $55 billion compensation package, the Tesla board must now come up with a new package to supposedly keep Musk from taking his best ideas elsewhere
LEX | The days of $100 oil prices are over
Demand will continue but potential world supply is likely to peg back the cost
Foreign auto makers exiting China are making a smart move
Strategic reductions by many companies are a sign of pragmatism and an acknowledgement that the world’s largest car market isn’t necessarily a profitable one. Pricing power, government subsidies, and the speedy adoption of new-energy vehicles like battery and hybrid-powered models by Chinese automakers made foreign brands increasingly redundant
The world is transitioning to American oil from Saudi crude
By scrapping Aramco's expansion plan, Riyadh has conceded what was already an open secret: There’s insufficient demand for so much extra Saudi oil in the foreseeable future. That, however, is very different from saying that global appetite for additional crude is diminishing. World oil demand is poised to accelerate before peaking later in the 2030s, much of it from American sources
Budget 2024 must focus on these six areas of transport infrastructure
Very important but not so glamorous aspects of transport infrastructure like road and rail safety, streamlining railway operations for faster average speeds, and passenger train cleanliness can serve as a “limit to growth” without adequate investments. Budgetary focus in these areas will help
Why the Evergrande crisis is not a big deal
Evergrande has defaulted since 2021, and its lenders, suppliers, and shareholders have already experienced significant losses. The company's share price has plummeted by 99 percent from its peak
Climate bugs in developmental economics
There is a crucial need to intensify efforts to mitigate emissions. But developed economies are sluggish in adopting solutions and in fact are making solutions more expensive than the problem
Political strategy must steer rooftop solar power to the masses
The attitude of left politicians and trade unions is along expected lines, but many discoms are also not in a hurry to go in for the change as they fear that adopting the system of prepaid smart metering will eventually result in a revenue loss for them
Budget 2024 has to provide an AI roadmap for Viksit Bharat
The finance minister underlining the government's thought process on AI will be an excellent way to let companies and policy makers globally know the general direction in which India would like to move on artificial intelligence during Amrit Kaal to realise its growth ambitions
Mature Indian investors know that Budget 2024 is but one of many stock market triggers
Once the interim budget is announced, the focus of attention will shift to elections and debt markets
The Story between Budgets: Nirmala Sitharaman's remarkable fiscal achievements
The finance minister's note-worthy accomplishment lies in elevating capital expenditure to enhance the nation's infrastructure, with central government capex surging from 1.6 percent of GDP in 2018-19 to an estimated 3.4 percent in the current fiscal year
Budget Snapshot: Government to step up focus on agriculture sector, execution key
Ahead of the general elections the government is likely to give a fillip to farmers' and rural development schemes.
Mahindra Finance gets growth right, but costs bite
What stood out as a sore thumb was the 18 percent contraction in tractor loans and 47 percent fall in loans to small businesses. While the fall in small business loans is perhaps partly by design, a sharp contraction in tractor loans does not augur well for the company
China's jobless youth are travelling and reshaping consumer habits
Young people are busy traveling, taking advantage of the free time — there are few good jobs out there — as well as the consumer power that comes with a deflationary economy
The moment when Indian chess players are ready to take the world by storm
India’s Gen Next in chess have finally emerged out of Viswanathan Anand’s towering shadow and are poised to make 2024 a very special year for the country. Success in chess is now attracting financial backing, the key milestone when a sport is seen to have arrived
Moneycontrol Pro Panorama | What the smoke signals are saying
In this edition of Moneycontrol Pro Panorama: This party could change the game in Maharashtra, how to spot a bull market, the need to create a global SME market, here's the finmin's view of the economy on eve of Budget, and more
Why Budget 2024 must focus on manufacturing, emerging sectors, and R&D
If the budget addresses these key focus areas and GoI follows up with measures to improve ease of doing business and regulatory clarity, it would be good news for businesses in leading countries looking to relocate from China
America is subsidising Iran’s fight against America
Iran has managed to boost oil output despite American sanctions. It is possible Washington turned a blind eye on sanctions enforcement to negotiate a new nuclear deal. Or Biden wanted depressed oil prices for his domestic constituency and to hurt Putin’s ability to wage war against Ukraine. A third theory suggests Iran got smarter on bypassing sanctions
Budget 2024’s primary renewables challenge is to find the funds for speedier energy transition
Identifying priority emerging clean energy technologies and laying thrust on research and development (R&D) would support India’s long-term energy transition journey and improve energy security
