Posted at 10:51 AM , on April 5, 2016
It will be the end of an era in emerging markets investing…
Investing, in many ways, is about being in the right place at the right time. Nearly 35 years ago, there was something interesting happening in lesser known frontier markets. Countries across Asia and Latin America were sitting on the cusp of massive growth backed by cheap currencies, low costs and an export focus. The man who identified this theme nearly 35 years ago was Mark Mobius, the global head of Franklin Templeton. In many ways, Mobius was the Christopher Columbus of emerging market investing. He made huge bets across Asia at a time when fund managers were wary of the future of these stories… Continue reading
Posted at 10:34 AM , on April 5, 2016
Beware, the taxman is watching…
The Income Tax Department has introduced a new level of surveillance on high income groups. As per the new regulations, the IT Act is adding two columns in the new ITRs (ITR 2 and ITR 2A). Individual assessees earning more than Rs.50 lakhs per annum will have to disclose the value of their assets (both cost price and the market value) as part of their returns. This specifically applies to assets like yachts, aircraft, cars and expensive jewelry. So, in addition to disclosing details of immovable properties, individuals earning above the threshold of Rs.50 lakhs will be required to disclose their movable assets too. Continue reading
Posted at 4:50 PM , on March 22, 2016
Why are the markets celebrating them in March…?
For years, these cement stocks have been the stars of a bygone era. After peaking out in 2007, the cement industry has been plagued with excess capacity and weak pricing power. The budget seems to have changed that sentiment to a large extent. Stocks like ACC, Gujarat Ambuja and Ultratech have shown smart gains since the budget. In fact, there are three distinct factors that are responsible for this revival in interest in cement stocks. Continue reading
Posted at 4:45 PM , on March 22, 2016
But, it may be just too premature for markets to celebrate…
Global markets heaved a sigh of relief when the Fed decided to hold rates. The decision to reduce the number of rate hikes from 4 to 2 in this calendar year has also gone down well with the markets. But scratch the surface and there may not be too much to rejoice about. There are 4 key things that global investors must be cautious about. Continue reading
Posted at 4:32 PM , on March 22, 2016
What exactly is wrong with the pharmaceutical stocks in India?
The sector that has corrected sharply in the last few weeks is the pharma sector. At a time when the Nifty has bounced nearly 750 points from its budget-day low, the pharma sector has largely underperformed. This is ironic because over the last 5 years, these pharma stocks have been the best performers in the market overall. So what exactly has spooked these pharma companies? Continue reading