Posted at 10:46 AM , on December 3, 2018
While announcing the GDP numbers for Q2, Mr. SC Garg boasted that India would still be the fastest growing economy in the world. While that is true on paper, the claim glosses over a lot of larger problems that could manifest in the coming months. Let us look at two sets of macroeconomic issues that are actually being glossed over today.
Posted at 10:41 AM , on December 3, 2018
Directors resigning from the boards of Indian companies with a diplomatic letter to the board are nothing new. But what happened with the JM ARC board recently marked a major shift in the way independent directors have acted. Anil Khandelwal, independent director on the board of JM Financial, ARC went on to resign putting down serious governance issues as the reason in his resignation letter. So, what exactly were the major concerns that he had?
Posted at 10:38 AM , on December 3, 2018
When the GDP growth numbers for the second quarter were announced on November 30th, there was certainly a sense of disappointment. At 7.1%, the growth rate was a far cry from the 8.2% growth clocked in the first quarter. One can blame it on the base effect because the first quarter was on the back of pre GST slowdown in the previous year. However, if one scrubs through the fine print of the GDP numbers, there are 3 broad areas that emerge.
Posted at 1:58 PM , on November 26, 2018
Between September 2013 when the big bull market started and September 2018, it has been a time when the Nifty successfully scaled the 11,000 mark and the Sensex got closer to the 38,000 mark. Normally, bull markets are considered to be a great time for brokers in terms of business. But the sharp reduction in the number of brokers is quite shocking. The number of brokers in India fell from 9606 in 2013 to a low of just 2773 brokers in 2018. What exactly has been the reason for this 72% fall in the number of brokers in the midst of a bull rally?
Posted at 1:56 PM , on November 26, 2018
As we write, four critical states are going to polls. Each state has its unique set of challenges and thus becomes critical from a larger national point of view. Let us look at why the four key states could really matter.