Today we all Indians woke up to the Petrol Shock, highest since 1947 – A steep 10% Hike in petrol price. Most of you must be wondering when the Crude Oil Prices are relatively stable why do we have to pay an extra 10% for Petrol ? The answer is simple, the Bad Governance and Policies of Congress led UPA Government and we do not hesitate to directly hold Dr Manmohan Singh and Finance Minister Mr Pranab Mukherjee for this Shock. (more…)
Year: 2012
Mr FM Pranab – How many more Monsoons do you need to Cool WPI ?
India’s headline inflation rate (Wholesale Price Index, WPI) accelerated to 7.23% YoY in April 2012, compared to 6.89% YoY in March 2012. The acceleration in headline inflation was driven by higher food inflation, which was in turn driven by higher prices of vegetables and oilseeds. The final inflation data for February 2012, was revised higher to 7.36% YoY from 6.95% YoY reported earlier.
Food articles moved substantially higher to 10.5% from 9.9% last month, due to an upturn in vegetables, pulses, and cereals. Manufactured FOOD prices edged higher to 6.5% in April from 5.9% the previous month.
Non-Food Articles were back (more…)
FIIs India Equity Strategy – GAAR / Tax Issues / Policy Paralysis
After Deepak Parekh’s return from Singapore, many Indian brokerage houses sent their Equity Chiefs to Global Financial Centers – London, New York, etc to engage their Foreign Clients. Here is the outcome of the meeting of Equity Strategists on Indian Markets.
FIIs are still very interested in the India Growth Story, but are fed with the Policy Paralysis. Moreover, they can’t understand how the Indian petty political system can deliver (more…)
Samvardhana Motherson Finance Ltd – SMFL Review + Recommendations
Samvardhana Motherson Finance Ltd – SMFL is open for Subscription from Today until May-4th. WE are AVOIDING the IPO even though their is a Grey Market Price of Rs 2400 for a Rs 2 Lakh Application. Here are the various Views of Research Analysts who have studied the IPO.
At the lower end of the band, on a trailing basis, without considering the impact of the upcoming dilution, (more…)
Rise of Regulators in India – Competition Commission of India
In our recent report, on the emergence of United States of India, we had written about the rise of Regulatory Powers to Curb Corruption at High Places including Central Government Ministries. We’d like to prove one such point involving the Food Corporation of India which for over 8 years bought Supplies from 3 companies and everybody from the Food and Civil Supplies Ministry to the CEO of the company were hand in Glove in the operation.
CCI – Competition Commission of India – IN CCI’s report dated 23 April 2012, (more…)
TCS – InLine Results – Delivering Amidst Uncertainties
TCS reported 4QFY12 revenue of US$2.65bn, up 2.4% QoQ, in-line, and better
than -2% for Infosys. Consolidated volumes grew 3.3% QoQ. Rupee revenue at Rs133bn, and EBITDA margin at 29.5% were also in line with street expectations. Net profit at Rs28.9bn was higher than estimate led by higher forex gain of Rs1.1bn.
3.3% volume and 2.4% USD revenue growth (qoq) were stable and broad-based across major verticals, except BFSI. Pricing declined 97bp qoq. The new deals have come across (more…)