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Economy

FCI Wants to Import Rice Instead of Using Its Overflowing Rice Stocks. What's Going On?

The Food Corporation of India (FCI) has asked the State Trading Corporation (STC) to import rice upto 10,000 tonnes per month, to meet the need for the Public ...
Economy

Three Hidden Facts in the GDP Growth Number of 5.3% for Sep 2014

Indian GDP Growth has fallen to 5.3% in Sep 2014, from June’s number of 5.7%. While this isn’t that much of a fall, the growth in ...
Stocks

Nigeria Devalues Currency To Deal With Crude Oil; Bajaj Auto Shares Drop 8%

On Tuesday, November 25, the Nigerian Central Bank decided to devalue the Naira by a little over 8%, pegging the value of the naira to 168 to the US Dollar, ...
Premium

Portfolio: Whipsawing Stops and Thinking Longer Term

The market’s going up! We are at new all time highs, and everything looks fantastic. Unfortunately our stop loss exits in the last week haven’t ...
General

Crude Drop and ICRA Upgrades Takes Jet Airways Up 18.5%, Price War Looms Ahead

Jet Airways shares are up 18% at Rs. 315, after Crude prices fell hugely yesterday to less than $75 per barrel. In addition, the Investment Information & ...
Premium

Macronomics: Housing Price Index Updated for Mid-2014, Prices Up Marginally

Finally, the National Housing Bank (NHB) has released the April-June 2014 data for their Residex which is a house price index for India. They release it city ...
General

Veritas Analyst Who Authored Negative Report on IndiaBulls Arrested; Is It Time For Collective Action?

Nitin Mangal, who co-authored the Veritas report on Indiabulls, has been arrested by the Gurgaon police after he surrendered to them. Indiabulls has filed ...
Premium

Premium: Markets Wobble on SEBI P-Note Changes, Volume Spikes

This is a Capital Mind Premium post, but the first part of it is freely available. The rest is available only for subscribers. In a circular yesterday, SEBI ...
Stocks

Nippon Life to Increase Stake in RCAM; Reliance Capital Shares Close at 4.24% Higher

Nippon Life Insurance Co: announced earlier today that they would be upping their existing stake in Reliance Capital Asset Management (RCAM), from 26% to 49% ...
Startups

What to Make of the Richly Funded Taxi Services, Uber and Ola

Uber’s spending $400m in India. Ola just raised $320m. (Each of those, if you’ve been reading Capital Mind, is greater than all the IPOs in 2014 in ...