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Stocks

SpiceJet Turns Bland After News Batters its Reputation

SpiceJet has been in the news lately. Crude prices have fallen but the carrier seems to be still quite deep in the bad stuff. The airline’s stock has ...
Premium

Macronomics: US Excess Reserves are Falling, And That Means More Money

We’ve spoken of the fact that US bank excess reserves have been rising, and in a way, that level of excess reserves means that US Banks are not ...
Stocks

IPO: Monte Carlo Doesn’t Attract Us, Low Profit Growth and Potential Conflicts

We have yet another IPO in Monte Carlo fashions. First, let’s look at the fact that the IPO is already oversubscribed 2.44x.   The issue closes today, so ...
General

November at Capital Mind

Here’s what we at Capital Mind brought to you in November this year. Capital Mind Macro: • Three Hidden Facts in the GDP Growth Number of 5.3% for Sep ...
Premium

Macronomics: The Impact of a Controlled RBI Balance Sheet Brings Us a Focused Portfolio

   The 10 year bond went below 8% for the first time in over a year and the slide has been fascinating. The current 10 year bond (issued in July 2014) has ...
Stocks

United Bank of India Declares UBHL A Willful Defaulter

And the bad news seem to keep flowing for one Dr. Vijay Mallya. United Bank of India has now declared United Breweries Holding Ltd. (UBHL) a ‘Willful ...
Stocks

SEBI Initiates Proceedings Against DLF

Securities and Exchange Board of India (SEBI) has initiated penalty proceedings against DLF and its promoters. Minister of State for Finance Jayant Sinha said ...
Economy

RBI Keeps Rates Unchanged, Will Wait Till Early Next Year

RBI has changed no rates. CRR remains at 4%, SLR is stagnant and repo/reverse rates are at 8%/7%. The important paragraph is this: 18. Still weak demand and ...
Economy

RBI Reverses Gold Restrictions, But Smuggling Still Lucrative With 10% Duty

RBI has reversed all restrictions on gold imports. This supposedly has come from the government. It’s a very good decision, because such import ...
Economy

Payment Banks Are An Opportunity To Change Banking in India

The RBI has released guidelines for Payment Banks. This is fantastic because it means some competition to regular banks who have become bloated, unweildy and ...