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561 ArticlesCommentary

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Welcome to Subprime Phase 3

After Phase 1 of subprime in Aug 2007, and Phase 2 in Feb 2008, we are now going into Phase 3 of the crisis. I’ll explain later about why I think so, ...

Nifty EPS growth now 11%

On Feb 11, I’d written that Nifty’s yearly EPS growth was only 13%. The story gets worse. As of May 16, EPS growth has been just 11%, from 211.72 ...

Inflation, Oil and Exchange Rates

Inflation is at 7.85%, a 44 month high. And oil hits $128 for reasons unknown, but everyone speculates on the causes. With the INR-USD rate at Rs. 42.5+, the ...

ICICI Commercial Vehicle Loans Downgraded

From FT: The rating agency CRISIL has downgraded ICICI Bank’s securitised commercial vehicle loan pool worth over Rs 82 crore due to a drop in ...

SEBI makes Mastek change Buyback norms

From Fundoo Professor: Mastek published an important notice in The Financial Express (page 11, New Delhi edition dated may 16, 2008). The company disclosed ...

More Pooling Problems for PMS Providers

Hindustan Times: ‘No pooling’ norm to hit PMS hard: As per industry estimates, close to Rs 10,000 crore is housed in portfolio management schemes, ...

Stopping the PMS Abuse

Portfolio management services (PMS) have been told to change the way they operate. (From DNA) Sebi asked PMS houses not to pool assets of investors the way ...

Oil prices hit $124, How Will It Hurt?

So Oil Prices are reaching $124 and showing no signs of stopping. Means they will stop pretty soon, and reverse direction, because everyone and his uncle is ...

IOB sells land to itself and rents it back

From Business Standard: Chennai-based Indian Overseas Bank is planning to sell its properties to self-promoted special purpose vehicle, thus realising the ...

This Week's Random Conspiracy Theory

…is that the RBI will not let the dollar devalue against the rupee, regardless of inflation figures, until May 22. Because that’s the day the ...