Is OPEC+ fast becoming a lost cause?
The oil market continues to be flooded with supplies with OPEC+ nations themselves producing 25.31 million bpd in November, 750,000 bpd higher than in October
Cap on surge pricing — App cabs hit a speed hump
Proposed regulation not in sync with the mechanism of dynamic pricing; can increase compliance cost of ride-hailing aggregators
Apprentices hiring is a risky game for SBI
Hiring temporary staff with no stake in the system could be security risk for banks
Bitcoin hits new record, this time with less talk of a bubble
Rather than quickly trading in and out of it, more investors are seen using Bitcoin as a place to park part of their investment portfolios outside the influence of governments and the traditional financial system
Biden’s economic picks suggest focus on workers and income equality
The transition team will be focussed initially on increased federal spending to reduce unemployment and an expanded safety net to cushion households that have continued to suffer as the coronavirus persists and the recovery slows
Hyderabad Local Polls | Why BJP smells big opportunity in it
One thing that needs to be appreciated of the BJP’s approach towards elections is that no matter its performance in previous polls, the BJP is constantly working towards improving its chances in the south and increasing its footprint in the 130 Lok Sabha seats
Chart of the Day | In the midst of pandemic, central government spending boost missing in action
Ministries that spent more: rural development, agriculture, health; spending lower in defence, education, women & child development
Chart of the Day | Manufacturing PMI for November shows recovery continues, albeit at a slower pace
With the recovery, inflation has also started to pick up
S&P Global’s $44bn deal shows data is the oil of the 21st century
Information has always been central to the workings of financial institutions, whether a Swiss private bank, Boston money manager or a City of London investment bank
A rising Chinese tide is lifting all steel boats
China’s voracious appetite for steel has lifted prices benefiting India's steel producers, but that could change when China dials back its stimulus
Chart of the Day | Rising money supply and contracting nominal GDP growth have whipped up a sea of liquidity
Banks are parking the liquidity in government bonds, driving down yields
Chart of the Day | No need to cut rates when India’s real yields are not only negative, but the lowest among major economies
The real return on fixed deposits with banks is around -2 percent at present
Bank loans have picked up sharply, but is it due to pent-up demand for credit?
It is very likely that the fall in credit to large companies is because they were able to access funds from other quarters, such as the debt and equity markets and through foreign direct investment
Chart of the Day | World trade almost back to pre-corona level, thanks largely to China
The big jump in Chinese imports is a boon to the exports of the rest of the world
Donald Trump’s ‘soft coup’ attempt failed, but the damage will last a generation
It’s easy to cast aside efforts to discredit the 2020 United States presidential elections as ridiculous, but to do so is both wrong and dangerous
Earnings growth in India to be over 25% in next two years: Mark Matthews
Recent policy measures by the central government should have a positive impact on growth, says Matthews
One year later, Uddhav Thackeray runs a strong, confident government
Uddhav Thackeray continues to exuberate confidence and his demeanour and poise do not have the trepidations of a first-time chief minister. His detractors are increasingly getting frustrated as he either ignores them, or finds constitutional means to tackle obstacles.
The Luxury E-Commerce Wars Heat Up
A supreme luxury e-commerce group is a compelling idea, but no one so far has been able to pull it off. Can that be about to change?
Contrarian scenarios that could upset the market consensus
Year-end forecasts from strategists narrow to a common outlook as the pandemic shock eases
Editorial of The New York Times: Bringing back Congressional earmarks can help.
Earmarks are spending requests — or limited tax or tariff benefits — inserted into bills at the behest of individual lawmakers for the benefit of specific entities in specific locations. They are used to determine spending priorities
KCR faces BJP, AIMIM scare in Hyderabad municipal polls
With Asaduddin Owaisi’s appeal limited to only minority votes, TDP getting nearly wiped out in Telangana and Congress’ fortunes fading in the state following the bifurcation of Andhra Pradesh, the BJP is seeing an opening in the southern state to emerge as the main opposition to KCR’s TRS party.
Prospects have improved, but a sustained positive trend in equities would require acceleration in economic activity, says Harshad Patwardhan of Edelweiss Asset Management
The chief investment officer (equities) at Edelweiss Asset Management identifies geopolitical risks and governments' response to a possible second wave of infections as key monitorables
Indian agriculture needs many more Verghese Kurien clones
Amul’s success hasn’t been the catalyst for similar movements across other agricultural commodities. With 50 percent of India’s population still dependent on income from agriculture, that’s a real tragedy.
Breudher And Nutmeg | The Dutch East India Company’s lost recipe in Kerala
If it was pepper that got all eyes on India and its wealth of spices, nutmeg has yet another story to tell, one that can never be complete without the story of Breudher
The Reading List: November 27, 2020
A selection of articles and social media gems from the world of economy, business and finance
