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Month: June 2015

4 / 5

The Strategic Debt Restructuring Rules by RBI – Banks Will Convert Debt to Majority Equity

There’s a new law in town. It’s a Strategic Debt Restructuring proposal by RBI. It’s kinda boring to go through the whole thing. But at ...

Premium: The Impact in India of Including China-A Shares in the MSCI Index

Here’s a story to start this post: Raj and Balu were walking through a forest when they saw a tiger moving towards them, fast. Raj quickly began to wear ...

Nifty Tests 2015 Lows as Market Does Five Consecutive Down Days

The Nifty hits close to its lowest in 2015, with 8000 acting as a technical barrier on the way down. 2015 has now seen a big upcycle in Jan and Feb, and then a ...

Premium: The Nifty Consolidated Price-to-Earnings Ratio

How do you calculate the Price to Earnings of an Index? There are 50 stocks in the Nifty and there is not concept of a “Nifty share”. So how does ...

Concepts: How the “Ex” Date and Record Date for Dividends, Splits and Demergers Works in India

When stock demerge, give dividends, or have a bonus or split, there is always two dates give. One is a “Record” date, and the other is what is ...

A Bond Auction Failed Today, The Second Failure in A Month

So the bond auction did fail. We mentioned this earlier today. It didn’t fail by too much, though; just 890 cr. that devolved. However the yields at ...

Will The Government Bond Auction Fail Today?

There’s a government bond auction today for Rs. 16,000 cr. for which primary dealers (mostly banks) will be paid underwriting commissions. These ...

Macronomics: Indian Bonds Are Getting The World Jitters

Sure, Rajan cut rates on Tuesday. But the bond markets are shrugging that off. Here’s the government bond yield curve as of yesterday. Yields on the Y ...

Adani Enterprises: What Happened Before 9:49AM Yesterday?

We all know that there was a major demerger in Adani Enterprises yesterday. This involved shareholders getting shares of other companies, and the price of ...

Crazy Debt Levels and Falling Stock Prices – A Double Whammy For Lenders

In a very smart piece, Value Research shows us how crazy our debt levels have gone. Here’s a good list:  (Thanks @b50) Lanco, for instance, is run ...