PMC Bank crisis | Time to bring back FRDI Bill
For every PMC Bank, there are many other failed cooperative banks languishing for suitors and leaving their depositors stranded. There is no formal mechanism to resolve the distress here, no timelines to be followed
Chart of the Day | The impact of a Fed taper on US real yields and the EM carry trade
If US real rates trend higher ahead of potential tapering, then EM FX could be affected, hurting inflows to emerging markets
The impact of automation on India's IT jobs
Automation will lead to a loss of low-end jobs, but India's IT industry will remain a net hirer
Shipping delay muddies the waters for world trade
India must have a strategy ready so that container constraint does not choke its export target for the current fiscal
If demand has been hit, as MPC says, how can companies pass on higher costs?
The MPC says that demand has been affected by the second wave while supply has proved resilient. But shouldn’t that lead to lower prices?
The Reading List: June 18, 2021
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
Benjamin Netanyahu’s exit and India-Israel ties
Loss of power blinds politicians to political realities. This appears to be as true for Benjamin Netanyahu as it has been for Donald Trump since he was ousted from the White House in last November’s election
Moneycontrol Pro Panorama: Rupee gets Fed blues: A knee-jerk reaction?
In today’s edition of Moneycontrol Pro Panorama: Why rupee is turning pale, more vaccines on the way, Weekly Tactical, Coal India’s dividend tap, wealth creation makes its mark, corporate debt back in favour and much more
Despite US Fed’s hawkish stance, rupee still could strengthen over the medium term
Pandemic control, economic recovery and earnings boost could attract more foreign capital inflows
Bond spreads collapse as investors rush into corporate debt
A rising number of investors are veering around to the Fed’s view that price rises will prove transitory as the US economy reopens
Why CESC trades at a discount to Torrent Power
CESC is trading at 7.5 times the current fiscal year earnings estimates, sharply lower than Torrent Power’s 16 times
Bihar Politics | Nitish Kumar has hit two targets with one arrow
The JD(U) is believed to be behind the ‘coup’ in the LJP. By cutting Chirag Paswan to size, Nitish Kumar has also sent a message to the BJP
Allocate more to make RoDTEP a success
Delay in announcing incentives for outbound shipments is hurting interests of exporters
Is passive investing a threat to the mutual fund industry?
The mutual fund industry may still have some time before passive or semi-passive investing makes a dent. But paying a high fee for poor performance is passé.
Wealth creation beats the pandemic
If growing wealth finds its way into productive investments, then the benefits could reach more people
With economic gauges going nuts, Powell takes a longer view
The Fed should move cautiously in raising interest rates, rather than risk choking off a full economic recovery too soon
Ruchi Soya and Patanjali Ayurved weave a tangled web of business relationships
The growing business links between Ruchi Soya — on manufacturing, brand licensing and distribution — and Patanjali Ayurved could pose a concern for investors
Tesla, El Salvador and CBDCs: Has Bitcoin’s moment of truth come?
Tesla’s refusal to accept Bitcoin could not have come at a worse time. The cryptocurrency is beleaguered on multiple fronts, with fresh questions over its long term viability
Moneycontrol Pro Panorama | The message for Indian equities from the US Fed dot plot
In today’s edition of Moneycontrol Pro Panorama: Consumer spending an eyesore, Fed policy dynamics for India, RBI’s pulse of the economy, why battery makers are fully charged, a housing finance saga, criminal waste of doses and much more
The Fed nailed it
But its policymakers can’t see the future, and neither can you
Politics | Why impact of the coup in Myanmar on the North-East remains uncertain
There are rumours claiming new equations being established between some Northeast rebel groups and the Myanmar military, and allegations that a section of the rebel functionaries are being utilised by the military to target the fleeing refugees and protestors against the coup
India’s excess power capacities begin to correct, now wait for demand
Thermal power capacity additions dropped to multi-year lows last fiscal year while renewable energy additions moderated
Is there a risk of market correction?
Growing divergence in producer-consumer prices a sign of declining profits ahead
SEBI's delisting regulation changes are of little help to promoters and investors
Recent changes are peripheral. They don’t address the issue of pricing – the key reason why delisting attempts are failing.
60 million COVID doses gone waste in US: A blot on pharma industry
What's shameful is that this criminal waste was a consequence of the kind of poor manufacturing practices that Indian pharma companies usually find themselves accused of
