If one can form a view on the next recession and its timing one can position the portfolio accordingly. We are now approaching nine years for the current business expansion in the US. .. Read more

Once we get over current uncertainties, investors will return as India is the only long-term growth story. There is a growing sense of disillusionment with India among international investors. .. Read more

The economy is recovering from the GST and demonetisation disruptions. Over the last four years India has been a great macro story. .. Read more

We will support if the govt brings in credible leadership, changes the incentive structure, and fortifies the board, says markets . Everyone is wringing their hands on the jeweller Nirav Modi fraud and the damage it has caused to Punjab National Bank (PNB) and the PSU banks in general .. Read more

We are in for a correction; investors can use this pause to upgrade their portfolio. The Indian markets faced a significant sell-off on Friday, with the Nifty down 2 per cent and the mid-cap and small-cap indices dropping by more than 3.5 per cent .. Read more

The FM has talked of income tax buoyancy of 1.9 to 2.1, and using a nominal GDP assumption of 11.5% for FY 19, yields the desired numbers. The finance minister has presented a very workmanlike Budget which does not really break any new ground or deliver anything radical .. Read more

Global investors should watch out for inflation and withdrawal of liquidity. The past year was a great one for financial assets, with most asset classes giving strong positive returns .. Read more

The bulls may be justified in their optimism, but a sharp global correction is on the cards in 2018. We are now in the ninth year of the bull market in equities, specifically, and financial assets more broadly .. Read more

There is no time for complacency, as large tech firms are India’s only hope of getting a toehold in new fields. The Chinese internet sector has been an amazing success story .. Read more

For recapitalisation to be a momentous step, we must see further reform of the HR and governance structure of the public sector banks. The government managed a moment of shock and awe with the recently announced plan to recapitalise public sector banks (PSBs) .. Read more

Odds are global economy as well as markets will handle rise in interest rates and end of QE, but the bull-run will surely end. We are finally seeing the end of the cycle of cheap money and unconventional monetary policy .. Read more

With increased volatility, managements best suited to create moats around businesses might lose out to frequent changes. The firm 3G Capital, a private equity shop, and its principals have an enviable track record in creating shareholder value across consumer businesses .. Read more

Current valuations and investor thinking do not seem to be in line with disruption in consumer space. It has become very fashionable these days for every investor to talk about buying consumer franchises and holding them forever .. Read more

Technology firms fear govt regulation and need to mould public opinion to protect themselves. One of the biggest challenges facing any fund manager today is what to do with technology behemoths when constructing portfolios .. Read more

Indian companies seem to be trailing behind. They will have to catch up by reskilling the workforce. Artificial intelligence (AI) seems to be the new technology buzzword .. Read more

How the Fed handles the extremely low levels of unemployment will be a big test in the coming years. We are now in the eighth year of the ongoing economic expansion in the United States .. Read more

While the global giant is yet to make a significant impact on India, disruption is imminent. Amazon has been a true success story .. Read more

The fall in the commodity complex does not seem to portend a steep fall in global growth prospects. Once again commodity prices are getting hammered .. Read more

The govt will have to help but India needs a strategy. The prospect of electric vehicles (EV) disrupting the automobile industry has led to excitement, fear and numerous research reports .. Read more

China and its corporate debt ratios remain the Achilles heel of the global economy. The markets are in the midst of a strong reflationary trade, with most investors convinced that global growth is accelerating, inflation is starting to rise and the dollar will strengthen .. Read more