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Economy
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 ...
Foundations
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 ...
Premium
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 ...
Stocks
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 ...
Fixed Income
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 ...
General
Adani Enterprises Has Not Crashed 80%. It’s Been Demerged.
Adani Enterprises seems to have fallen big time. Looking at the stock price, you wonder if Modi’s magic has completely collapsed! But it’s not like ...
Premium
Premium: Banks Hit a Technical Barrier, and the Yield Curve Shifts Up Even As RBI Cuts Rates
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Economy
Correction: Wrong Deflator – It's Actually 1.5%
Yesterday we had said that the GDP deflator was 0.2%. This is wrong. The new method uses something called GVA – or Gross Value Added – to indicate ...
Economy
RBI Cuts Rates by 25 bps, and the Markets Hate It
RBI has, in it’s policy reduced the repo rate to 7.25% which is the lowest the rate has been in the last four years. Repo is the rate at which banks ...
Premium