Have the equations changed after the Q1 results?
Over the weekend both Infosys and TCS declared their Q1 results. While the stock of TCS was marginally down on Friday, Infosys cracked by nearly 10% in Friday trades. Over the last 3 quarters, Infosys has played catch up and has closed the gap with TCS on a variety of performance parameters. Does this quarter change the equation and put the advantage back in the hands of TCS? Continue reading
Will the fourth tranche be as attractive as the previous ones?
The government of India will be launching its fourth tranche of gold bonds from July 18th to July 22nd. The first 3 tranches have seen the interest in gold bonds gradually build up as the regulatory ecosystem as well as the prices of gold supported these gold bonds. Is the current tranche as attractive as the previous ones? Continue reading
How India is making its biggest ever bet on the oil sector…
The big bet on oil should have actually happened in India a long time back. It was always a mug’s game. India consumes nearly 4.4 million barrels of oil per day. Of this it produces just about 25% of its daily oil needs and depends on imports for the balance 75% of its oil needs. Why has this gap suddenly become so important to the Modi government? Continue reading
Why it almost looks unlikely in the calendar year 2016…
It is now a full seven months since the US Fed hiked the rates by 25 basis points. Since then, expectations of the timing of the next rate hike have been varied. The recent signals emanating from the Fed seems to almost underline that further Fed rate hikes in this calendar year are almost unlikely. Even the implied probabilities in the Fed Fund Futures are pricing in a very low probability of another rate hike in 2016. In fact, some of the contracts are even pricing in an outside possibility of a rate cut by the Fed later this year.… Continue reading
Why UltraTech’s acquisition of Jaypee Cements is significant…
The recent acquisition of a stake in key cement plants of Jaypee Associates by UltraTech is significant in more ways than one. The total cement capacity acquired by UltraTech amounts to 21.2 million TPA of capacity at Rs.16,189 crore and forms nearly 2/3rd of the total capacity of Jaypee Associates at 33 million TPA. There are 3 significant things to be understood… Continue reading
