Posted at 11:02 AM , on March 25, 2019
After a long time, India got to see something that is close to a hostile takeover. After VG Siddhartha of Café Coffee Day, the largest shareholder in Mindtree, approached L&T Infotech to buy his stake in Mindtree, the color of the deal changed drastically. L&T Info was not only interested in taking VG Siddhartha’s stake but also in taking over full control of Mindtree. Not surprisingly, the founding fathers of Mindtree were hardly amused by the idea of a Mumbai based conglomerate taking over a startup like Mindtree. But why is L&T Infotech so interested?
Posted at 10:58 AM , on March 25, 2019
There was not much a surprise when the Fed announced on 20th March that it would maintain status quo on rates. That means; the rates would be held at the current level of 2.25%-2.50%. In fact the CME FEDWATCH, which gauges probability of a rate hike based on Fed futures pricing, was already assigning a 99% probability to the status quo. Hence the markets were almost resigned to a status quo on rates. But what really surprised the markets was the starkly dovish tone of the Fed.
Posted at 9:59 AM , on March 18, 2019
The meeting of the RBI Monetary Policy Committee (MPC) on the 04th of April is likely to be one of the most keenly awaited monetary policies. The RBI had obliged the money markets by cutting rates by 25 bps in its February policy. Will the RBI oblige the markets with another rate cut or will it prefer to wait. Let us look at the macros first!
Posted at 9:56 AM , on March 18, 2019
In the last few months, the NCLT and the NCLAT have certainly come of age. That is good news as it means that the insolvency and bankruptcy process should go through a lot more smoothly.
Posted at 9:52 AM , on March 18, 2019
For the fourth time in succession, China managed to stall India’s efforts to declare Masood Azhar as a globally designated terrorist. In fact, that was to be expected. China is one of the five countries that have a permanent seat in the United National Security Council (UNSC). This gives them the veto power to strike down any decision even if the majority has a view to the contrary. This is the veto that China has used even in the past. What should India do?