Moneycontrol Pro Panorama | Sell-off surge
In today's edition of Moneycontrol Pro Panorama: Budget 2024 expectations from poor and youth, understanding market expectations beyond polls, 2024 a difficult year for copper smelters, slow road project awards hurt developers, and more
Brother vs Sister battle in Andhra Pradesh could end up benefiting Chandrababu Naidu
It is not the revival of Congress but a flight of malcontents within his own party towards sister YS Sharmila Reddy, who has an equal claim to the YSR legacy, that will worry Andhra Pradesh chief minister YS Jagan Mohan Reddy. Sharmila as a vote-cutter could help TDP as it goes about mopping anti-incumbency
Copper smelters face a difficult year in 2024
A worsening copper market outlook has meant that fees earned by smelters have fallen sharply, posing a risk for the earnings of the copper smelting business
Budget 2024 : Slowdown in road project awards could hurt developers
With all growth enablers for road sector such as tolling, FASTag, asset monetisation in place, the pace of project awards should improve
India’s growth needs to be powered by greater consumption
India’s resilience will come from broad-basing domestic spending with better-quality jobs and higher purchasing power. For a country of 1.4 billion people to be driven by just 100 million consumers will store up trouble
Musk’s threat to Tesla is countered by reality
Why is Musk suddenly tweeting gossamer-veiled threats to take his genius elsewhere? Possible explanations run the gamut. At a basic level, he dumped a lot of Tesla stock during 2022 when he was buying Twitter Inc and it is generally agreed that this is not an investment that has performed well.
It’s time to scrap the Iowa Caucus
The concept behind the Iowa Caucus was both noble and novel when it debuted in 1972. Ordinary Iowans—farmers, factory workers, small-business owners, waitresses, salesclerks—would be able to vet presidential candidates in small forums
IPO euphoria extends to rights issues
Rights issues by a record number of companies highlight the bullish outlook of their boards, indicating that capital spending is around the corner
Budget Snapshot: STT collection overshoots estimates
Initially introduced for a short-term period, the STT has become a permanent fixture in the government's income statement
ChatGPT may rival Flash Boys in transforming markets
A plausible near-future story is large language model-flavored trading models will build large cross-asset-class portfolios similar to what global macro hedge funds do, but with more leverage, more positions, more active trading and no human to explain the thesis
What we really know about the global economy
From demography to technology, we must pay attention to the forces that will certainly shape our future
Union Budget 2024: What the poor, youth, farmers and women will look for
Each of these four sections are key to India’s growth prospects. The budget speech could delve into GoI’s plans for each of these groups and how they are part of the India growth story
Union Budget 2024: What the markets want beyond elections
The Union Budget 2024, shaped by the imminent elections, presents a constrained yet vital framework for India's immediate economic management. While expansive reforms and broad fiscal strategies are deferred, the potential measures discussed here set a prospective agenda for the next finance minister
What lies beyond the 4.5 percent fiscal deficit goal?
The government has set a target to bring down the fiscal deficit to 4.5 percent of GDP by FY26. This will require a reduction in expenditure growth from an 8.8 percent annual rate in the last three years to around 6 percent in the next two years
Vivek Ramaswamy Exit: Despite his bravado and bluster, the Trump wannabe didn’t stand a chance
Ramaswamy’s rigid attempt to appear more “American” than his counterparts was a notable point of failure. In the final reckoning, it was easy for Donald Trump to turn his "Make America Great Again" against the Indian-origin entrepreneur-turned-politician
Budget 2024: Demand revival measures face fiscal deficit constraints
The recent GDP growth was mostly from increased capital formation, not personal consumption and that is a cause for worry. A reduction in taxes and combating inflation through supply side and fiscal measures is in order, but is there enough fiscal space?
Moneycontrol Pro Panorama | Spotted: Goldilocks buying bonds
In this edition of Moneycontrol Pro Panorama: India’s tax up to GDP ratio, VIX is not a great indicator for a traders, has Taiwan abated war risk post election, Bangladesh's cat-and-mouse game with India, and more
EVs are cheaper than ever. That’s bad for EV owners
Price parity now appears to be arriving. That’s great news for the electric car industry, and for drivers who’ve not been able to afford a battery vehicle. But not so good for EV owners who want to sell their used cars
Sachin Deepfake: Rethink India’s approach to combating this menace
Practical solutions are needed as legal overreach won’t yield the desired outcomes. Enhancing platform liability, frequent legal reminders and overburdening grievance mechanisms have limitations. Existing legal norms and processes can be refined and enhanced instead of instituting new regulations that may prove cumbersome
A warning shot over the last mile in the inflation battle
US data highlights the challenges facing the Fed in attaining its 2% inflation target
Why Germany is rich but Germans are poor and angry
The top 10% of households have at least €725,000 ($793,000) of net assets and control more than half of the country’s wealth. Helping more people share in the benefits of economic prosperity would go a long way toward neutering support for radical political parties and cooling the anger now boiling over in Germany
Budget 2024: Competing fiscal choices may see capex allocations taper in FY2025
The government is expected to target a fiscal deficit of 5.3% of GDP and fiscal math calculations suggest that realistically, capex growth may need to be limited to 10 percent in FY2025
China’s surprise rate inaction is a missed opportunity
In holding a key interest rate on Monday, the central bank missed an opportunity to set a narrative at the start of what's likely to be another tough year. Consumer prices have been flat or declining for months. Authorities appear at a loss to turn the situation around, assuming they want to
Budget Snapshot | Indirect taxes push up India’s tax to GDP ratio
India’s tax to GDP ratio has risen above its pre-pandemic levels and even over a decade ago
India’s stock and bond markets are turning into an inexorable force
The annualised return of publicly traded Indian companies was 16 percentage points greater than the MSCI Emerging Market Index. Rupee-denominated government bonds produced a 7% total return (income plus appreciation adjusted in US dollars), beating all the world benchmarks, with returns between 3.5% and 5.9%
