Posted at 6:15 PM , on December 3, 2019
During the week, Reliance Industries became the first even Indian company to scale market cap of Rs.1,00,000 crore and that was always on the cards. In fact, TCS is close behind and HDFC Bank is also not too far away. But the level of Rs.10 trillion has a much larger significance from the point of view of Indian capital markets as well as from the point of view of the capacity of RIL to constantly adapt to changes.
Posted at 6:11 PM , on December 3, 2019
The only good thing about the GDP growth of 4.5% for the September quarter was that the expectations were much lower. Most economists had pegged the second quarter GDP closer to 4.2% with some pessimistic notes even pegging the growth at below 4%. From that perspective, the GDP looks to be OK, but that is small consolation. What exactly drove the GDP lower and what does it mean for the future?
Posted at 5:58 PM , on December 3, 2019
The Securities and Exchange Board of India (SEBI) issued its draft norms for debt ETFs (exchange traded funds) on 29th November. This set the tone for the introduction of passive debt funds in India. Passive equity funds in the form of index funds and index ETFs are quite popular. What was missing from the palate was the presence of ETFs that are pegged to debt. These norms issued by SEBI will apply to all ETFs that are under process and that will be issued in the future. However, any ETFs based on government securities or treasury bills will not be covered by this circular.
Posted at 4:35 PM , on November 25, 2019
The latest SEBI board meet on the 20th of November made 3 very far reaching announcements for the capital markets. While a number of issues were covered by SEBI, the key announcements were in relation to PMS services, rights issues and default disclosures. Let us look how these three reforms could have a big impact on the capital markets in the months to come.