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4402 ArticlesDeepak Shenoy

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Greece Gives Markets Jitters While China Surprises With a Big Fall

Greece is back in the news again. Antonio Samaras, the Greek Prime Minister, has called for what is effectively a “vote of confidence” for his ...

Low Volatility: The First 1% Down Day in Two Months

Volatility‘s been low. And low on the downside, to a fairly large extent. Prashanth mentioned on twitter that yesterday was the first 1% down day since ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...