Posted at 11:26 AM , on March 11, 2019
The NCLT Ahmadabad bench has given its verdict on the Essar Steel case and it has gone in favor of Arcelor Mittal. Notwithstanding the fact that the Essar promoters were willing to pay a higher price for Essar Steel, the NCLT bench has decided in favor of Arcelor Mittal. So, Essar Steel will now be part of Arcelor group for a consideration of Rs.42,000 crore. First the background!
Posted at 1:33 PM , on March 4, 2019
Abraham Lincoln liked to play a game with his soldiers! His question was, “How many legs does a cat have, if the tail is also counted as a leg”. The answer was obvious; just because you call the tail a leg, it does not become a leg. The cat still has four legs only. That is exactly the situation that is currently on with IL&FS. Just because the Indian government does not want to declare IL&FS insolvent, it does not become a solvent company.
Posted at 1:27 PM , on March 4, 2019
Of late, the SEBI board meetings have been a crucial forum for key decisions. The latest SEBI board meet on March 01st has also made some important decisions for the capital markets. Let us look at the implications of four such critical decisions.
Posted at 1:18 PM , on March 4, 2019
As India and Pakistan indulged in some saber rattling over the last couple of weeks, one thing was clear. Neither India nor Pakistan was interested in getting into a full-fledged war. That explains why Pakistan was more than willing to release the captured IAF pilot back to India. There are 3 reasons why neither country wants a war.
Posted at 12:49 PM , on February 25, 2019
Finally, the US and China have made some headway on the trade talks. At least, it looks like the March 01st deadline to hike tariffs to 25% will now be put off. That itself is a good start. There are other things to worry about for the US and China. Firstly, the US is too deeply entrenched in the trade war and there is no way they can now withdraw without, at least, a moral victory over the Chinese. For China, there are enough problems at home. A reasonable compromise is what they would be look for. Here is how!