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Fixed Income
16 years of Inflation and Bond Yields
We’ve discussed how Inflation Indexed Bonds might work in India, and like in the US, the difference in the yields between the two is likely to be the ...
Stocks
JustDial IPO: The Safety Net Clinches It
Just Dial promoters will sell shares in an Initial Public Offer from 20th to 22nd May. They will sell 1.75 crore (17.5 million) shares at a price band ...
Commentary
Pandit buys into JM, The US is Not 1999 and More
Vikram Pandit has bought a 3% stake in JM Financial for $10 million, and they’re applying for a banking license. The group’s financial activities will be ...
Foundations
Inflation Indexed Bonds in India
If you buy a fixed income bond, your problem is that as inflation increases, your income remains the same and this gives you a much lower return, net of ...
Stocks
Market Melt-Up Takes Nifty to Reaching Distance of New High
Market investors will rejoice today as the Nifty went up 2.5% to reach 6140, in reaching distance of the all time high of 6312. (Click for larger picture) Note ...
General
There’s a Big Cash Economy in …. China.
China: In Cash We Trust (WSJ): We think of India as using a lot of cash, but in reality, China’s just as big, or bigger: Lugging nearly $130,000 in cash into ...
Charts & Analysis
Can’t Believe WPI Inflation Numbers: April 2013 at 4.89%, but Feb number revised to 7%+
Wholesale Price Index (WPI) based inflation comes in at a number you wouldn’t believe: 4.89%. But you don’t have to believe it. In Feb they told you WPI ...
Commentary
When Gold Prices Fall, India Doubles Gold Imports!
I had recently mentioned that the Gold price drop would cause the Indian Current Account Deficit to narrow, and even quantified the amount: (How Much do the ...
Charts & Analysis
CPI Inflation Falls to 9.39% in April 2013
Consumer Price Inflation Fell to 9.39% in April 2013, says MOSPI released data. The WPI for April 2013 will only be released on Wednesday, but the trend looks ...
Economy