When KPR Mills cancelled its proposed buyback last week, it was the first signal that Indian companies and investors were unhappy with the buyback tax imposed in the Budget 2019.
The Ministry of Statistics and Program Implementation (MOSPI) announced the CPI inflation and IIP growth during the week. While the CPI inflation came in slightly above expectations, the IIP growth continued to disappoint. What are the highlights of these macro numbers and what do they portend for the RBI decision on repo rates when the MPC meets up August?
While there is a general feeling of gloom at India exiting the ICC World Cup in the Semi-Finals, there is an undoubted sense of irony in the situation. It was supposed to be an Australia versus India final but neither of the teams has really qualified for the finals. For an investor, there are a lot of critical lessons in the semi-final losses that India and Australia had to go through. Here are a few!