Indian companies raised over Rs 27000 crore through initial public offerings (IPOs) this year, the highest in at least a decade compared to six months of previous years, driven by ... Read more
Indian companies raised over Rs 27000 crore through initial public offerings (IPOs) this year, the highest in at least a decade compared to six months of previous years, driven by gushing liquidity in capital markets and investor euphoria. Favourable market conditions have made it attractive for companies to raise equity capital at relatively higher valuations, and many companies have taken advantage of the situation. The question is how long will this euphoria last? And will the IPOs suck liquidity out and derail themarkets rally? To discuss that, Mint's Nasrin Sultana is in conversation with Niraj Kumar, CIO, Future Generali India Life Insurance. Read more
Oil prices climbed to $77.16 a barrel last week, its highest in nearly three years, as a result of a deadlock over the United Arab Emirates’ (UAE’s) production quota. Even as the s ... Read more
Oil prices climbed to $77.16 a barrel last week, its highest in nearly three years, as a result of a deadlock over the United Arab Emirates’ (UAE’s) production quota. Even as the spread of coronavirus variants and unequal access to vaccines threaten the global economic recovery, crude oil prices remain critical for many importing countries like India. So, how does rise in crude prices impact Indian markets and economy? And overall, will rise in crude prices shrink margins of Indian companies? To understand that, Mint's Nasrin Sultana is joined by Naveen Kulkarni, CIO, Axis Securities. Read more
Indian companies are racing to adopt environmental, social, and governance norms on rising pressure from investors and regulators. Wave of ESG focussed funds have hit India too. Do ... Read more
Indian companies are racing to adopt environmental, social, and governance norms on rising pressure from investors and regulators. Wave of ESG focussed funds have hit India too. Domestic ESG funds AUM was at Rs 9800 crore in FY2021 with seven of 10 such funds launching post-June last year. Are companies that have missed opportunities due to lack of ESG norms now catching up quickly. Has the pandemic also added urgency for companies to become ESG complaint to attract investors. To discuss that I am joined by Sambitosh Mohapatra, Leader – ESG, Energy Utilities & Resources, PwC India. Read more
The pandemic crisis deteriorating in India especially in the last few months and delayed economic recovery due to localised lockdowns had very little impact on equities. Investors ... Read more
The pandemic crisis deteriorating in India especially in the last few months and delayed economic recovery due to localised lockdowns had very little impact on equities. Investors continued to pump money into equities, making it the best performing asset class in the first six months of 2021. However, with the V-shaped recovery in global economy, inflation fears as reflected in surging commodity prices have resurfaced. Will the Federal Reserve take its foot off the pedal and taper its stimulus policies? If so, would the bullish sentiment reverse its course? To understand that I am joined by Shibani Kurian, senior EVP, Head of Equity Research, Kotak Mahindra AMC. Read more
The US Federal Reserve's hint at raising interest rates by 2023 is feared to derail Indian markets rally with foreign flow getting drained out of emerging markets. The US central b ... Read more
The US Federal Reserve's hint at raising interest rates by 2023 is feared to derail Indian markets rally with foreign flow getting drained out of emerging markets. The US central bank’s hawkish comments last week send markets worldwide in a sell-off mode. Federal Reserve officials held interest rates near zero but stunned investors by signaling it might raise interest rates at a much faster pace than assumed, sending yields and the dollar sharply higher. So, what are the implications of the Fed’s hawkish stance on India? To answer that Mint’s Nasrin Sultana is joined by Mihir Vora, Senior Director and CIO, Max Life Insurance Read more
Domestic mutual funds are increasing their holdings in banks despite fears of bad loans amid the turbulence caused by pandemic. However, March quarter earnings of banks suggest tha ... Read more
Domestic mutual funds are increasing their holdings in banks despite fears of bad loans amid the turbulence caused by pandemic. However, March quarter earnings of banks suggest that concerns over asset quality are less worrisome and second covid wave impact is likely to be manageable. As the corporate cycle seems to be clearly turning which banks are expected to benefit from it. Are banks a safe bet now? To discuss that Mint's Nasrin Sultana is joined by Amit Premchandani, Fund Manager (Equity) at UTI AMC Ltd. Read more
In the last monetary policy review, the Reserve Bank of India left key interest rates unchanged as widely expected. The monetary policy stance remains accommodative, and the tone i ... Read more
In the last monetary policy review, the Reserve Bank of India left key interest rates unchanged as widely expected. The monetary policy stance remains accommodative, and the tone is explicitly dovish. It is quite evident that growth remains the policy priority for the central bank. The RBI has also reiterated its stance of keeping liquidity ample and borrowing costs low. The question is in order to ensure a faster recovery do we require more support from fiscal authorities? RBI has ensured that systemic liquidity conditions will remain ample, but what about distribution? To discuss that Mint's Nasrin Sultana is in conversation with Rupa Rege Nitsure, Group Chief Economist at L&T Financial Services. Read more
The economy contracted by 7.3% in FY21, its first contraction in four decades. India’s real GDP grew 1.6% in March quarter. Private consumption, which accounts for more than half o ... Read more
The economy contracted by 7.3% in FY21, its first contraction in four decades. India’s real GDP grew 1.6% in March quarter. Private consumption, which accounts for more than half of GDP, improved to 5-quarter high in March quarter. GDP for FY21 and fourth quarter indicated that unlocking of business operations drove economic growth for two quarters, confirming growth momentum had started to build in since July. Also, India’s fiscal deficit for FY21 was lower than the revised estimate by government. How will investors interpret the macro data, does the economic glide path look shaky in FY22. To understand that Mint's Nasrin Sultana is joined by Arvind Chari, Chief Investment Officer (CIO), Quantum Advisors India. Read more
Market valuation of all listed firms on the BSE touched $3 trillion for the first time, led by gains in smaller stocks. With small and midcap stocks outperforming benchmarks, inves ... Read more
Market valuation of all listed firms on the BSE touched $3 trillion for the first time, led by gains in smaller stocks. With small and midcap stocks outperforming benchmarks, investors seem to be shifting to the riskier segment. How risky is this bet and how long are these stocks likely to rally. To understand that Mint’s Nasrin Sultana is joined by Nimesh Chandan, Head of Investment (Equities), Canara Robeco. Read more
Despite the challenges due to covid, biggest rich Indians have seen an increase in wealth. A stock markets boom, driven partly by quantitative easing, and flurry of new listings h ... Read more
Despite the challenges due to covid, biggest rich Indians have seen an increase in wealth. A stock markets boom, driven partly by quantitative easing, and flurry of new listings have created wealth for some, much more than perhaps could have been expected in a year so badly disrupted by covid. To understand, where is the hot money flowing? And what are the newfound assets by emerging rich Indians post covid, Mint's Nasrin Sultana is in conversation with Satheesh Krishnamurthy, EVP, Head-Private Banking & Third Party Products, Axis Bank. Read more
