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4402 ArticlesDeepak Shenoy

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ICICI cuts rates for ONLY new loans, less than 20 lakhs

How nice of them! ICICI Bank has made loans of less than 20 lakhs cheaper; a new rate of 11.5% applies, as against 13% earlier. Private sector lender, ICICI ...

RBI Release: Rate Cuts, Sector Sops

The RBI has cut rates by 1%. The Repo rate is now 6.5% and the reverse repo is 5%. Just 1%? I believe a much bigger response is necessary, but then ...

Two pieces of bad U.S. News: Unemployment and Mortgages In Trouble

Unemployment has reached 6.7% in the US, with November showing a drop of 533,000 jobs. Over 1.25 million jobs in the last three months have been lost, and the ...

Petrol prices cut by Rs. 5, Diesel by Rs. 2

As of Friday midnight, four hours from now, the prices of Petrol and Diesel in India will be down by Rs. 5 and 2, respectively. A cut in diesel prices is ...

F&O Course: Has to be Dec 13

Due to some unscheduled laziness the Futures and Options course has had to be moved to December 13. I wanted to do it tomorrow but for this WiZiQ will have to ...

FMPs can't be redeemed, have to trade on exchanges

SEBI’s new ruling: 3. It was decided that no early exit will be allowed in any scheme of Mutual Fund in the nature of a close ended scheme. The schemes ...

Rate cuts: ECB does 0.75%

The European Central Bank has cut interest rates by 75 basis points, to 2.5%. This follows the UK rate cut by 1%, and most other European and Chinese cuts. And ...

ICICI FMPs rated AAAf – What does that mean?

Business Standard: 35 FMPs of ICICI Prudential AMC rated AAAf by Crisil Thirty-five Fixed Maturity Plans (FMP) of ICICI Prudential AMC, one of the leading ...

SoS Update: Cover HDIL

I’ve covered HDIL in the Short Only strategy as it crossed my stop loss (84). I have covered it at the close (91.9). All other shorts still intact, and ...

Inflation data delayed – Why are we surprised?

ET says “Inflation data delayed, no reasons given“. How surprising is that? For a long time, Inflation data would come out at 12 noon on Friday. ...