How about boosting banks with issue of recapitalization bonds…

As Indian PSU banks face the big challenge of expanding their asset books without expanding the NPAs, the question of bank capital is back again. If Indian banks are to adhere to the Basel III norms b...
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Shriram + IDFC: Is it more than the sum of parts?

A week after the announcement of the two-way merger of IDFC Bank and Shriram Capital, there is still a lot of speculation on the core purpose behind the merger. The clarification by Mr. Ajay Piramal t...
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Who will benefit from the HPCL – ONGC merger?

Even as the details of the proposed merger of HPCL into ONGC are expected by the end of July, the broad contours of the deal are already out. The government of India holds 51.11% stake in HPCL and tha...
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What is the investment argument for Housing Finance Companies?

Take any housing finance company in India and they have been clear outperformers in the equity market. Be it the larger housing finance companies like HDFC, LIC Housing Finance and Indiabulls Housing ...
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Key takeaways from the Infosys Annual General Meeting (AGM)…

The 36th Annual General Meeting (AGM) of Infosys was significant in more ways than one. To begin with, it marks the last AGM that will be chaired by R Seshasayee, who is currently the Chairman of the ...
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NASSCOM projects a digital future for Indian IT sector…

At a time when the Indian IT industry finds itself in the crossfire of stringent visa regulations and a dwindling market, the latest NASSCOM projections on the IT industry for the fiscal year 2017-18 ...
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Why Infosys needs an activist shareholder like Narayanamurthy…

In a recent filing with the US Securities and Exchange Commission (SEC), Infosys has highlighted increased shareholder activism as a major risk to the company’s market value. The reference may or ma...
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Pharma results disappoint; but we are nowhere close to bottoming out…

If you did a casual search for “Indian pharma companies” on Google, then there will be a typically depressing story that will be underlying these search results. Consider a few of them… Of...
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Indigo annual results and the airline margins story…

The Indigo results announced for the fourth quarter ended March 2017 and for the full year 2016-17 betray a clear pressure on the company on the airline’s financials. This pressure is both in terms ...
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What does the National Steel Policy (NSP) mean for steel companies?

The government has gone ahead and announced a comprehensive National Steel Policy (NSP) 2017 outlining its vision for steel industry in general and facilitating the steel companies in particular. Whil...
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