In an expected announcement, the RBI today cut the Repo Rate further by 25 bps, a bit lower than the Street's expectations. This was the fifth consecutive rate cut by the Central Bank in a bid to tackle the slowdown India currently faces.This takes the rate cut tally to a total of 135 bps, which... Continue Reading →
Punjab and Maharashtra Co – Operative Fiasco?
An FIR was filed against the Management of PMC Bank (Punjab and Maharashtra Co - Operative Bank Ltd.) and the Promoters of HDIL today evening for forgery, cheating and criminal conspiracy against the administrator appointed by RBI. The Case On 23rd September, 2019, PMC Bank was hit with a slew of restrictions imposed by the... Continue Reading →
IRCTC IPO: All You need to Know!
With the Government looking to complete its divestment target of Rs. 90,000 Cr. by the end of FY 20, the IRCTC IPO worth Rs. 645 Cr. opens up today. GOI will give up a 12.6 % share in the Entity which was conferred with the Mini - Ratna Status in 2008. Analysts believe the valuation... Continue Reading →
Losses of a Year Recovered in a Day?
Posting its BIGGEST SINGLE DAY GAIN in a decade, both, the SENSEX and NIFTY gained 5.32% each on Friday. Backed by the 4th stimulus package introduced by the FM, both the indexes made investors richer by a whooping Rs. 7 Lakh Crore. All in one day. The highlight of the Package? Lowering the Corporate Tax... Continue Reading →
GDP Slowdown?
In yet another blow to the economy, the GDP growth rate for the second quarter of 2019 clocked in at 5 % which was way below the already low expectations of 5.6 – 5.8%. This has been the 6th straight QoQ fall in the GDP Growth Rate after its peak of 8% in January 2018.... Continue Reading →
Is it 2008 all over again?
The US Treasury Bond Yield Curve, which inverted for the first time since 2007, brought back fears of the recession which preceded the decade long bull run which we have been enjoying. What is an Inverted Yield Curve? When the Yield Curve is inverted, it indicates that the returns on the short term notes are... Continue Reading →
The Financial Forum 