ONGC-HPCL deal will be more than the sum of parts…

Last week, the government finally announced the deal between HPCL and ONGC. Under the terms of the deal, ONGC will buy the government’s stake in HPCL. This will be the first step towards the integration of the entire value chain of oil under one single line. That is something the Reliance group has achieved to perfection and that is also the trend globally. In the short term the benefits may not be visible but in the longer term the whole will certainly be greater than the sum of the parts. Here are 8 things you need to know about the ONGC – HPCL deal… Continue reading

Using recapitalization bonds to boost bank’s capital…

Indian banks and the RBI are currently finding themselves in a tight situation. To begin with, Indian banks are sitting on a pile of bad debts. According to conservative estimates, the NPAs of the banking system are to the tune of $90 billion and if the stressed assets including the CDR assets and other restructured assets are added up then it comes up to nearly $180 billion. Continue reading

What you should be knowing about commodity options…

With the SEBI giving the go-ahead for the launch of commodity options in the markets and the last SEBI board meet also laying down the broad guidelines, the stage is set for the commodity exchanges to take on the challenge. The Multi-Commodity Exchange (MCX) has confirmed that they will be launching commodity options in gold within 3 months. That will be the time required by the exchanges to get the requisite approvals from SEBI, working out the contours of the product specifications, testing their trading platform, back testing their software readiness and above all confirming that their risk management systems are in place. As markets ready to launch commodity options, here are 10 things you must know about commodity options in India… Continue reading

Analyst calls

Are we missing the bigger picture; and this is happening globally?

Over the last few quarters, we are increasingly seeing analysts being off the mark on quarterly earnings estimates. This is not only happening in India but also across most other major geographies. Recently, we have also seen analysts going awfully wrong on estimating the trajectory of oil and copper prices. What is the bigger picture that is emerging? Continue reading

Here is all that you need to know about nuances of GST…

You know that GST is a concept of “One nation, one tax”; but do you know that are a plethora of nuances pertaining to GST, which you need to be aware of. Here is a quick run-in on 15 such nuances that you need to be aware of about GST… Continue reading

%d bloggers like this: