The European Executive has come up with a unique plan. It wants the energy companies to provide funds of €140 billion which can be used to alleviate the problems of households struggling with soaring energy bills. This is nothing new. The argument

Trade deficit for August lower, but CAD risk still there The good news is that India's merchandise trade deficit for August 2022 at $27.98 billion is lower than the $30 billion reported in July 2022. However, on a yoy basis, this is still much hig

One of the top investment houses in the world, Goldman Sachs, has turned cautious on the Indian IT sector. The margin problems at IT were there for some time, but that is not the reason Goldman is worried about this sector. The concern is over the to

Twitter shareholders approve $44 billion buyout by Elon Musk The latest decision by the shareholders of Twitter to approve the proposal by Elon Musk is likely to add a new twist to the tale. Musk had originally made a $44 billion bid for Twitter b

The much awaited US consumer inflation for August 2022 was announced on 13th September. At 8.3% it was better than the 8.5% reported in July and the scary 9.1% reported in June. However, the August inflation was still 20 bps above the consensus forec

The good news is that industrial growth is still happening. The bad news is that it is not happening as fast as is expected. In fact, for the month of July 2022, the growth in the index of industrial production (IIP) hit a 4-month low of 2.4%. IIP is

Just two months after the European Central Bank (ECB) had hiked rates by 50 bps, it effected another 75 basis points rate hike in its latest meeting on September 08th 2022. In July, the ECB had taken the benchmark rates from -0.50% to 0.00% and now t

Just a week after Moody’s had downsized India’s GDP growth for FY23, it has decided to hold the ratings and the outlook at the same level. It has maintained the rating at Baa3 and the outlook at Stable, indicating that risks from negative f

On Monday, 05th September, the price of Brent Crude spiked by 4%, although it has sobered down on Tuesday. Crude prices jumped on the back of expectations of a minor tilt in favour of the producers after the OPEC announced a cut in production. In fac

In a recent upgrade, global investment bank Morgan Stanley has highlighted Reliance Industries as its top pick in the Indian equity space. Morgan Stanley has also raised the price target for Reliance Industries from Rs3,015 to Rs3,085. That is nearly

It is already well known that Paytm has not had a very flattering performance post listing, having lost nearly two-third of its value. Now, One97 Communications, the company that operates the Paytm brand, has come under fire for being involved with t

Legendary investor Jim Rogers, who was one of the pioneers of investing in commodities and also a great bull on China, expects inflation and interest rates to go up further. According to Rogers, there is more of inflation still likely to manifest its