Special Stories

TREND: Lenders' optimism drives Indian equity binge of FPIs

Friday, Nov 27, 2020 By Chiranjivi Chakraborty MUMBAI – The domestic equity market has attracted 705 bln rupees in net foreign inflows since Oct 1, likely to be the largest ever flows in a two-month period, and it has outperformed peers across the emerging markets basket. While a confluence of external factors have seen...

INTERVIEW:Central banks have made mkts irrational, says Ajay Marwaha

Friday, Nov 27, 2020 By Bhaskar Dutta and Pratigya Vajpayee NEW DELHI - Trading bonds and currencies is no easy business. The situation is all the more challenging during abnormal times like these, when bleak economic realities get obscured by the fireworks of actions by central banks. Market veteran Ajay Marwaha concedes he...

EDITORIAL: Letting conglomerates into banking an unwarranted reform

Friday, Nov 27, 2020 The proposal of the Reserve Bank of India's working group to allow corporate houses into the banking sector has been described by some as putting a fox in charge of the chicken coop. After all, the banking sector has been brought down to its knees by the...

TREND:Lakshmi Vilas Bk bond write-down to hurt capital-starved banks

Friday, Nov 27, 2020 By Bhakti Tambe and Sanjana Raina  MUMBAI – Lakshmi Vilas Bank's decision to write down its tier-II debt before the merger will not just hurt bondholders, but also capital-starved banks that were keen to tap this market to raise funds without diluting equity.  On Thursday, the bank said that on a directive from the Reserve Bank of...

TREND: Mounting stocks to check rise of aluminium prices

Thursday, Nov 26, 2020By Rituparna Ghosh NEW DELHI – Despite supply being in excess since the start of the year, robust demand from China led aluminium prices to rise not just to levels before the COVID-19 pandemic but to a two-year high globally. However, market experts feel that prices will come under...

SEBI Watch: Cutting public float in IPOs will skew price discovery

Wednesday, Nov 25, 2020 By Rajesh Gajra and Krishnadevan Vijayaraghavan In a recent consultation paper by the primary market advisory committee of the Securities and Exchange Board of India for public comments, one of the core proposals was related to cutting the minimum offer for public to 5% from 10% in initial...

TREND: Street cheers as Adani Group forges new business identity

Wednesday, Nov 25, 2020 By Chiranjivi Chakraborty MUMBAI – Mukesh Ambani's oil-to-telecom conglomerate Reliance Industries Ltd has grabbed the headline with its over 2-trln-rupee capital raising drive in the middle of a pandemic, but in terms of wealth creation it lags another Gujarat-born conglomerate Adani Group. Companies under Gautam Adani's Adani Group have...

INTERVIEW: Muthoottu Mini MD eyes 100-bln-rupee AUM, IPO by FY25

Wednesday, Nov 25, 2020 By Subhana Shaikh and Sanjana Raina MUMBAI - The COVID-19 pandemic may have taken the shine off many businesses but the safe haven status of gold along with ease of financing have enabled Muthoottu Mini Financiers Ltd's gold loan business to emerge stronger and chart out aggressive plans for the future. In...

INTERVIEW: HDFC Bank Barua says rupee overvalued 2-3% on REER basis

  Tuesday, Nov 24, 2020 By Mimansa Verma and Bhaskar Dutta MUMBAI/NEW DELHI - In the midst of the global economic crisis caused by the COVID-19 pandemic, the Indian rupee has benefited from the deluge of liquidity unleashed by central banks around the world. According to HDFC Bank's Chief Economist Abheek Barua, if one...

FOCUS:Never mind the vaccine, OPEC may need to keep oil output curbs

Tuesday, Nov 24, 2020 By Roshni Devi and Sayantan Sarkar MUMBAI - It's slippery out there. The sanguineness around COVID-19 vaccines and overall optimism may tempt the Organization of the Petroleum Exporting Countries and its allies to go by their earlier plan to partly reverse the cuts undertaken in oil production in...


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