Expected decline in bond yields creates an opportunity for investors
A shift in the monetary policy focus from inflation to financial stability can be favourable for bonds, making long term bonds attractive for investors
Resilient services buoy current account in September quarter
The growth in the services surplus has ensured that the current account deficit remains low.
Technology: Not just 2023, 2024 will also be about AI’s rapid strides
Expect AI to get bigger, better, more powerful and more expensive following the law of scaling as it feeds on more computational power (read chips), larger datasets, and a trillion or so parameters
Moneycontrol Pro Panorama | Will markets shine in an election year?
In this edition of Moneycontrol Pro Panorama: Elections in Taiwan and the US crucial to China, limited monetary easing to open up in 2024, equity ownership up to record levels, and more
US Fed rate pivot leaves stocks and bonds with ‘no room for error'
The thorny issue now for investors is the US economy. Equities are anticipating a healthy earnings environment for corporate America while bonds are pointing to a recession
Indian equities touched all-time highs in 2023 – What’s in store for 2024?
Favourable factors like BJP’s strong standing going into Lok Sabha polls, the US Fed’s anticipated rate cuts, and strong buying by FIIs and domestic mutual funds suggest the party will continue into the first half of 2024. But as usual there are risk factors too
Chart of the Day: Equity ownership goes up to record levels in India
The ownership share of domestic investors in equity markets rose to 36 percent from 25 percent in 2018.
Marketing Musings | Christmas cakes from Kerala, Haleem from Hyderabad, what’s driving a booming craze for ‘nostalgia’ food
A combination of factors have ignited demand for food being flown in from distant places to consumers willing to pay for it, and businesses are lapping up the opportunity
Room for limited monetary easing will open up in 2024
The recent IMF India country report on India notes that the current broadly neutral monetary policy is appropriate, based on the estimates of natural real interest rate of 1%. Based on that estimate and average inflation estimate of 5% in the next fiscal, Repo rate can be at 6% under a neutral stance – implying a 50 bps easing from the current level of 6.50%
Invest like Napoleon in 2024
In 2024, forty vested interested parties will try to keep fear levels down and contain bad news as far as humanly manageable, on account of elections. Which is why the financial markets are ignoring the war in Gaza, the elevated geo-political risk in the Red Sea, the Chinese slowdown and food inflation.
The Eastern Window: Elections in Taiwan and the US will be crucial to China’s foreign policy in 2024
China has reasons to worry about the return of a pro-independence political party to power in Taiwan and the increase in anti-China sentiment in the US election. It is also closely watching the 2024 elections in India and Pakistan
India’s Asian Games high gave cricket a complex in an eventful 2023
Paris Olympics 2024 will test India’s progress as a global sports power but aspiration levels must be modest
New India: Why this asset class demands a premium multiple?
India's exposure in the global asset allocation market is accidental as India continues to sit in the emerging markets bucket. As the economy edges near the $4 trillion threshold, a change in perception can help India catapult as a separate asset allocation item
Stockology: Will markets see trend-reversal in last trading week of the year?
The historical data from TimeMap indicates a preference for bullish trends, and the uptrend could persist until the end of December
The Reading List: December 22, 2023
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
RSS focused on changing ground reality, leaves optics of caste census to politicians
Here are few things closely linked with the RSS functioning and its historical evolution to better understand its stand on caste census
Moneycontrol Pro Panorama | Happy Holidays: Sponsored by the RBI
In this edition of Moneycontrol Pro Panorama: What RBI crackdown means for investors, will equities score in 2024, MSMEs facing cash crunch, political risks mire India’s investment play in Africa, and more
Markets will ‘take off’ as Fed turns to interest rate cuts, says Morgan Stanley’s James Gorman
Outgoing CEO highlights safer financial system, which leaves banks’ own ‘stupidity’ as one of their biggest threats
High political risk limits India’s investment play in Africa
With its own polity opaque, and its cheap state-driven capital designed to secure both resources and geopolitical advantage, Chinese state-run firms are quite comfortable working across both hugely corrupt and muddy political environments, quite content to deal with any government of the day irrespective of ideology or Western liberal principles
On the rupee, RBI follows a principle, but is not dogmatic
Within the space of under two years, the RBI has become pretty active in the market, vindicating the IMF’s stance that the rupee is not freely floating any more
The mass suspension of opposition MPs sends the wrong signals
During an impasse in Parliament when Vajpayee was leader of the Opposition, he wrote to Somnath Chatterjee, then the Speaker, that “…legislature’s proceedings can be smooth and constructive only if the presiding officer (speaker) is able to inspire as much confidence in the Opposition as he is able to do in the ruling parties. The stark reality is that this situation is totally absent in our House”
Why MSMEs face a cash crunch
The real problem turns out to be receivables—the money owed to them for goods or services rendered, which had yet to be settled by their buyers. Also, GST refunds getting stuck. And big business – the principal buyer for products and services of MSMEs – was often the key culprit
RBI's crackdown amidst lending euphoria - what does this mean for investors?
The RBI’s risk weight increases and the recent clampdown on lenders’ linkages with AIFs will curb access to funding real estate and infrastructure. It remains to be seen if the move is wise when economic growth drivers are few
As Sajjan Jindal battles sexual harassment charges, the ball is in the board’s court
Hopefully, the Singhania family dispute will soon get resolved and Jindal will be cleared of the charges. But what happens in the interim? Should the two step down till such time as their personal issues are sorted?
Why Raghuram Rajan is wrong about India’s economic path
From 2013 to 2018, Rajan “predicted” doom for the global economy at the rough rate of once a year. In 2015, he predicted a 1930s-style Great Depression. None of these came true. Perhaps his luck ran out
