Why the Infosys press conference was important…

In the light of the perceived differences between the founding members and the Board of Infosys, the company organized a press conference during the week to address the key concerns raised by the press and the social media channels. Prima facie, it does appear that a small issue of cultural differences has been exaggerated by the media out of context. Having said that; it needs to be appreciated that the promoters have done the right thing by raising red flags on key governance issues. For over 2 decades since its listing, Infosys has been known in the market for its high levels of transparency, disclosure and corporate governance. To the credit of the Infosys management, they have gone to great lengths during the press conference to address the key issues raised. Here are some of the important issues addressed in the press conference and also clarified… Continue reading

The buck stops with you, and you alone

A successful self trader – Rule # 43

Whether you are trading or investing; the buck always stops with you. Once a decision is taken you need to take accountability for the same. You cannot pass on the blame to extraneous factors. It just doesn’t work that way. You need to answer 2 questions. Why do i want to buy at this price and why does someone else want to sell at this price. Once you grasp the other side, you can be fully answerable for your decisions. Continue reading

Nifty can hit 10,000 by December’17-end: Jayant Manglik

Nifty50 companies may report 7-8% growth in FY17 and double of that in FY18, said Jayant Manglik, president – retail distribution at Religare Securities. In an Interview with Aprajita Sharma and Pranati Deva, he stressed that the next financial year will be a watershed year for the stock markets. Edited excerpts: Continue reading

Impact of Demonetization on Indian Economy

Even as the demonetization drive was in full swing during the months of November and December, the media was full of scary reports. It was predicted that the cash crunch caused by the demonetization drive will suppress liquidity, subdue demand and force a downside in the overall business cycle. As data points finally start to emerge, a lot of the brouhaha over the demonetization seems to have been largely exaggerated. Or perhaps, the likely outcome was never really understood. Check this out… Continue reading

Monetary Policy Announcement and its broader implications

The Monetary Policy announced by the RBI on 08th February was largely along expected lines. One needs to understand the context in which the policy was announced. On the one hand, the Indian economy is just about emerging from the cash shortfall caused by the demonetization. On the other hand, inflation continues to stay under control and IIP and core sector are showing green-shoots of recovery. The global scenario is the bigger question mark. BREXIT is raising serious questions over the sustainability of the common currency model while the UK still does not have clarity on its trade strategy post BREXIT. Above all, the US is increasingly making protectionist noises even as Indian companies are already under pressure due to recent measures like H1-B visa restrictions, immigration checks and a likely border tax on outsourcing. It is in this highly charged atmosphere that the Monetary Policy was announced by the RBI… Continue reading

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