Interview | If this is a cyclical recovery, current rally is not the peak, says MD of Sanford C Bernstein
There is more steam left as macroeconomic factors have not played out fully yet, says Venugopal Garre
A Modern Money Theory view of the Union Budget 2021
One of the important revelations in India and across the world this year is the critical role of fiscal policy and the misplaced paranoia over fiscal deficit target numbers
China’s emissions of ozone-harming gas are declining, studies find
The findings ease concerns that increased emissions of the gas would slow progress in the struggle to repair the ozone layer, which blocks ultraviolet radiation from the sun that can cause skin cancer and damage crops
Jane Fraser has to fix Citigroup. It will be a tough job.
The incoming CEO’s skills, attitude and global perspective will come in handy as she turns her attention to what could be one of the biggest clean-up jobs of her career
PM Modi’s defence of the much-demonised private sector comes at the right time
It is strange that the current Congress leadership should decry the role of corporates when its own government in 1991 made the economy leapfrog, thanks to decisive liberalisation measures that unshackled entrepreneurs
COVID-19 | The growing challenge of biomedical waste disposal
There are several lessons India must learn from the pandemic; bringing reforms and implementing better biomedical waste management techniques should be at the top
Tata Steel: Why an endgame for Europe matters to the India business
While Tata Steel is shedding debt faster, finding a solution for the European steel business remains a long term imperative
Why PM Modi's private sector defence is a watershed in India’s political economy
The government no longer thinks it’s necessary to camouflage reforms. That is a momentous change
The ‘stonk’ bubble poses significant global risks
GameStop illustrates clearly that capital markets are driven by flows and investor positioning, rather than by the underlying fundamentals of businesses
The dilemma that Twitter and social media pose for democracies
Freedom of expression is the life blood of democracies, but hate speech and incitement to violence need to be firmly disallowed
US will be more concerned about soybeans and agri-exports to China than India’s farm laws
Washington does not have the political currency to make grandiose statements. Instead, regular concerns will be laced with prosaic and benign verses
Interview | Valuations are expensive, but market is not in a bubble, says UBS India's Anuj Kapoor
"There is a high level of interest in Indian assets on the part of private equity and sovereign wealth funds. India is in a unique spot, so we can expect an increase in inbound acquisitions," says the head of UBS Global Banking, India
Disinvestment a tall task as lights dim at BHEL
BHEL's failures seem structural rather than cyclical
Andy Jassy’s accession marks a tricky transition for Amazon
One factor common to companies that have done well during such transitions is that the professional leader taking over from the founder is an insider, a man who’s often worked closely with him
Do Fed policies fuel bubbles? Some see GameStop as a red flag
The Fed’s policy of low rates and bond purchases can give rise to problems when investors get swept up in market momentum
Wall Street’s new favourite deal trend has issues
SPACs, short for special purpose acquisition companies, are rife with misaligned incentives between the sponsor and other investors, particularly those who come after a merger
Asset quality surprise?
Reported numbers from banks look good but caution still warranted
How tech went big on green energy
It isn’t just Amazon: tech companies including Google, Microsoft and Facebook have become the world’s biggest corporate purchasers of clean energy
Assam elections to be a game of alliances
Along with the national parties, the BJP and the Congress, the regional parties will play a crucial role in both consolidating and even polarising the voters of Assam
Kashmir | What has changed in 18 months
India’s policies and steps taken since August 5, 2019, in J&K have left Pakistan without a response. Its decades-old tactics of instigating the locals, and causing unrest has been blunted by the Centre. Perhaps this is why Islamabad’s all-weather friend, China, has resorted to antics in eastern Ladakh
PMO action on Dholera solar bid cancellation will decide the sector’s fate
Cancellation of power purchase agreements will dent investors’ appetite for solar energy projects
Waning COVID-19 brings relief for hospital chains, but worries remain
Hospital chains Max Healthcare, Narayana Hrudayalaya and Fortis saw significant recovery in the December quarter. Non COVID-19 patients increased
The final lesson from Jeff Bezos
The Amazon founder, along with Bill Gates, Larry Page and Sergei Brin, can teach entrepreneurs about the importance of moving away from the CEO role at the right time
The clash of liberal wonks that could shape the economy, explained
The core question is whether the administration’s $1.9 trillion pandemic rescue plan is too big
Wall Street’s most reviled investors worry about their fate
Short sellers, including hedge funds such as Plotkin’s Melvin Capital, had wagered that GameStop shares would fall while its mall-heavy business shrank further
