It is rather ironic that just a couple of weeks after the CreditSights issue appears to have died down, the Adani group has gone ahead and pledged almost its entire stake with the banks which had funded the takeover of shares. Obviously, the banks mu

The green energy segment is seeing a lot of global investor interest. Now there is interest coming from very long term players like the sovereign funds, insurance players and the pension and retirement funds. The latest of these long term players to

Fitch, among the 3 top global rating agencies, has lowered the FY23 GDP growth estimates of the Indian economy by 80 bps to 7%. The last FY23 estimated made by Fitch in June 2022 had pegged the GDP growth for FY23 at 7.8%. The downgrade in growth is

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 Musk had originally made a $44 billion bid for Twitter b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