Lehman Brothers head of Global Outsourcing believes that American IT companies are on a diet but they still believe outsourcing will save significant cost. Key take aways are as follows, (more…)
Category: Economy, Markets and Macro Views
Research on Indian Economy, Markets and Macro Indicators
Morgan downgrades ICICI Bank
India’s worst bank – ICICI Bank just a while ago was downgraded by Morgan Stanley from Overweight to Equalweight. Our Analyst on the 5th of March wrote asking if ICICI Bank was hiding the facts of sub-prime and it appears to be so after reading the Morgan Stanley report.
Nearly 55% of ICBK’s loan growth comes from its international loan book, which is wholesale funded. Credit spreads for ICBK have spiked, which will impact loan & fees income growth in F2009. (more…)
BSE Sensex Constitutents + Weightage
We are providing the BSE SENSEX Constitutents and Weightage. (more…)
SEBI to Investigate Ambani Companies ?
The new SEBI chief, Chandu Bhave is silent about his actions but according to reports, he has taken up the investigation of Ambani companies [Anil & Mukesh] about the exponential rise in group company stock prices.
Companies controlled by Mukesh Ambani likely to fall under investigation are,
Reliance Industrial Infrastructure Ltd – Stock price rose from Rs 380 to Rs 3,500 and has collapsed to Rs 1,150.
Anil Ambani has lot of small companies whose share prices sky rocketed. (more…)
Bumper Offer for Alembic Glass
One of our readers and long term investor on our forum is seeking to BUY shares of Alembic Glass Ltd. Alembic Glass Ltd is de-listed from the Bombay Stock Exchange. Its last traded price was Rs 2,888. [Verify it on BSEIndia] However, the investor is willing to pay (more…)
2-Wheeler – The Road Ahead
Two-wheeler majors’ Feb sales declined c10%Y/Y – motorcycle sales declined 10%, due to subdued demand and a fairly challenging base effect. Hero Honda and Bajaj’s motorcycle declined ~5-8% Y/Y, whilst TVS’ motorcycle sales de-grew ~34%.
The latest launches over 3Q were Hero Honda’s ‘Hunk’ (a 150cc bike that is positioned against Bajaj’s Pulsar and TVS’ Apache). Within the 125cc category, TVS’ Flame and Bajaj’s XCD125 were the key new models.
The recent reduction in excise duties to 12% from 16% on both 2- and 3-wheelers has been passed on to customers – Hero Honda has reduced prices by (more…)